Abdulla Abdulaziz Taleb appointed CEO of all three Ithmaar Group entities
MANAMA, BAHRAIN: Ithmaar Holding announced that the Ithmaar Holding Chief Executive Officer, Ahmed Abdul Rahim, who is also the Chief Executive Officer of the Company’s...
Al Salam Bank launches Youth-Centered Scheme
MANAMA, BAHRAIN: Al Salam Bank announced the launch of its exclusive scheme catering to the youth aged between 10 to below 18 years old, enabling...
Dubai’s exclusive toll gate operator, Salik, announces IPO on DFM
DUBAI, UAE: Salik Company PJSC, Dubai’s exclusive toll gate operator, announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares...
Emirates Stallions acquire stakes in two UAE-based indoor spaces design companies
ABU DHABI, UAE: Emirates Stallions Group (ESG) has acquired a substantial amount of shares in two of the UAE indoor spaces design leading companies to...
valU acquires fintech company Paynas
CAIRO, EGYPT: valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that it acquired 100% of Paynas, a full-fledged employee management and benefits...
DEWA invests in AI & machine learning to improve efficiency, reduce costs
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA)’s R&D Centre employs Artificial Intelligence (AI), Machine Learning (ML) and Deep Learning (DL) to promote DEWA’s efforts...
Aladdin ElAfifi to lead EFG Hermes’ NBFI Platform as New CEO
CAIRO, EGYPT: EFG Hermes Holding, an impact driven universal bank in Egypt with the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today...
Roebuck Asset Management signs €400mn JV with ICG Real Estate
MANAMA, BAHRAIN: Roebuck Asset Management and ICG Real Estate, the real estate business of Intermediate Capital Group (ICG), have formed a Joint Venture (JV) to...
Dubai plans AED 40 billion renewable and clean energy projects
DUBAI, UAE: Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA has plans to invest AED 40...
GFH acquires $300 million US student housing portfolio
MANAMA: GFH Financial Group announced its acquisition of a c. US$300 million student housing portfolio affiliated to select top-rated universities located in Texas, Michigan and Missouri in the...
Aldar & SODIC bid to acquire Egyptian real estate developer, Madinet Nasr
ABU DHABI, UAE: Aldar Properties and ADQ, through their Egyptian real estate platform, Sixth of October for Development and Investment Company S.A.E. (‘SODIC’), has submitted...
DEWA adds 700MW of energy production capacity
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA) announced that the total production capacity of energy has reached 14,117 megawatts (MW) after adding 700MW. This...