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 to enrich the experience of…

NNR August 9, 2022

MENA

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 the appointment of Aladdin ElAfifi…

NNR August 3, 2022

MENA

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 aggregate an urban logistics /…

NNR July 31, 2022

MENA

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 billion on capital expenditure in…

NNR July 21, 2022

MENA

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 United States (US). The acquisition is…

NNR July 6, 2022

MENA

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 a non-binding offer for the…

NNR July 5, 2022

MENA

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 includes 600MW from the Hassyan…

NNR July 4, 2022

MENA

SHUAA announces Northacre’s global expansion

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…

NNR July 4, 2022

MENA

Chief Executive of EDB highlighted the economic plans for the Kingdom at AmCham Bahrain AGM

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…

NNR July 2, 2022

MENA

Alpha Dhabi increases stake in Aldar, becoming the parent company

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…

NNR June 28, 2022

MENA

Shelf Drilling signs agreement to acquire 5 jack-up rigs from Noble Corporation

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…

NNR June 23, 2022

MENA

TAQA and ADNOC to acquire majority stakes in Abu Dhabi Future Energy Company (Masdar)

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…

NNR June 21, 2022