Corporate news and announcements from the stock markets of Middle East and North Africa.
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 to enrich the experience of customers, employees, and stakeholders. This also aims to reduce costs…
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 the appointment of Aladdin ElAfifi as the new CEO of its NBFI platform effective August…
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 aggregate an urban logistics / last mile portfolio across Spain. The partnership represents another milestone…
DUBAI, UAE: Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA has plans to invest AED 40 billion on capital expenditure in the next five years including the expansion of renewable and…
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 United States (US). The acquisition is in partnership with GFH subsidiary Student Quarters, an Atlanta-based student…
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 a non-binding offer for the potential acquisition of up to 100% of the share capital…
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 includes 600MW from the Hassyan Power Complex, which runs on natural gas, and 100 MW…
UNITED ARAB EMIRATES: Northacre, London’s leading super-prime developer with over 30 years’ experience in creating exceptional living spaces, announced its global expansion and plans for growth. As part of Northacre’s global expansion, SHUAA will combine its real estate-related investment management,…
BAHRAIN: The American Chamber of Commerce in Bahrain hosted its Annual General Meeting on Sunday 26 June, 2022 at the Gulf Hotel with AmCham members and guests. AmCham was honored to present keynote speaker H.E. Khalid Humaidan, Bahrain Economic Development…
ABU DHABI, UAE: Alpha Dhabi Holding PJSC, one of the fastest-growing investment holding companies in the UAE, listed on the Abu Dhabi Securities Exchange (ADX: Alphadhabi), has increased its stake in Aldar Properties PJSC, one of the leading real estate…
DUBAI, UAE: Shell Drilling Ltd. announced that its wholly owned subsidiary Shelf Drilling (North Sea) Ltd. (“SDNS”) has entered into an asset purchase agreement to acquire five jack-up rigs from various subsidiaries of Noble Corporation for USD 375 million. Shelf…
ABU DHABI, UAE: Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company (Mubadala) have entered into binding agreements for TAQA and ADNOC to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from…