AD Ports Group signs agreements for port projects in Egypt
ABU DHABI, UAE: AD Ports Group and the Red Sea Ports Authority have signed a Term Sheet and a Head of Terms agreement for major...
Aldar Investment acquires 70% interest in Abu Dhabi Business Hub
ABU DHABI, UAE: Aldar Investment has completed the acquisition of a 70% equity interest in Abu Dhabi Business Hub, valuing the company at more than...
GFH Financial Group to list its shares on Abu Dhabi Securities Exchange in May
MANAMA, BAHRAIN: GFH Financial Group announced that the targeted cross listing of its shares on the Abu Dhabi Securities Exchange (ADX) is expected to take...
DEWA implements Smart Grid Strategy 2021-2035
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA) is implementing its updated Smart Grid Strategy 2021-2035. Building on the success of completing 100% of the...
Crypto platform Bybit launches leveraged token products
DUBAI, UAE: Bybit, one of the world’s fastest growing cryptocurrency exchanges, announced the launch of leveraged token products on its spot exchange starting with two...
Roebuck Asset Management sells Tesco Distribution Centre for over $135mn
MANAMA, BAHRAIN: GFH’s UK subsidiary, Roebuck Asset Management has concluded an off-market sale of a Tesco Distribution Centre in excess of $135 million. The 540,000...
Dubai Investments divests 50% stake in EMICOOL to Actis for $1.0bn
DUBAI, UAE: Dubai Investments has entered a deal to divest a 50% stake in Emirates District Cooling Company (EMICOOL) to Actis – a leading global...
QInvest and QIC partner to venture in Islamic asset management space
DOHA, QATAR: Qatar Insurance Company (QIC) and QInvest LLC, Qatar’s leading investment bank, are joining forces to create a Qatar-based national champion in the Islamic...
GIB wins three honours from the Global Banking & Finance Review
MANAMA, BAHRAIN: Gulf International Bank (GIB) has been announced as the winner of three key honours by the Global Banking & Finance Review for excellence...
Gulf Navigation signs support deal with a natural gas company
DUBAI, UAE: Gulf Navigation Holding (GulfNav), the only maritime and shipping company listed on the Dubai Financial Market, signed an agreement with one of the...
Zwipe is selected by National Bank of Iraq to pilot biometric payment cards
BAGHDAD, IRAQ: Zwipe and the National Bank of Iraq are pleased to confirm that they will pilot Biometric Payment Cards built on the Zwipe Pay...
SHUAA Capital acquires Allianz Marine and Logistics Services Holding
UNITED ARAB EMIRATES: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced the acquisition of Allianz Marine...