Dubai Electricity and Water Authority to float on Dubai Financial Market offering 3.25bn shares
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA) has announced its intention to float on the Dubai Financial Market (DFM) offering 3.25 billion shares, representing 6.5% of...
RAK Ceramics signs deal to acquire Germany based KLUDI Group
ABU DHABI, UAE: RAK Ceramics announced the signing of a Share Purchase Agreement for the acquisition of 100% stake in KLUDI Group. KLUDI Group includes...
Oman Insurance reports highest net profit in last 7 years
DUBAI, UAE: Oman Insurance released its 2021 Integrated Report yesterday which includes full-year financial results along with Environmental, Social and Corporate Governance reports. The report...
Oman Insurance to sell Turkish operations to VHV Reasürans
DUBAI, UAE: Oman Insurance Company has entered into an agreement with VHV Reasürans, Istanbul/Turkey, a company of VHV Group, Hannover/Germany, to fully sell its insurance...
TAQA and Dubal to acquire EGA’s electricity generation assets in UAE
UNITED ARAB EMIRATES: Emirates Global Aluminium (EGA), Abu Dhabi National Energy Company PJSC (TAQA), Dubal Holding and Emirates Water and Electricity Company (EWEC) announced a...
Al Salam Bank wins J.P. Morgan Elite Quality Recognition Award
MANAMA, BAHRAIN: Al Salam Bank recently received the reputable J.P Morgan Elite Quality Recognition Award for the second year in a row, recognizing the Bank...
Yahsat and EDGE partner to equip NIMR vehicles with Interoperable Satellite Connectivity Solutions
ABU DHABI, UAE: Al Yah Satellite Communications Company PJSC (Yahsat) announced that its government division, Yahsat Government Solutions (YGS), has agreed with EDGE Group entity,...
Tabreed launches green financing framework
ABU DHABI, UAE: National Central Cooling Company PJSC (DFM: Tabreed) has announced the publication of a Green Financing Framework, which will help the company meet...
Drake & Scull Financial Reorganization Committee (FRC) process completed
DUBAI, UAE: Drake & Scull International PJSC (DSI) announced that the company’s management has been notified by the Financial Reorganization Committee (“FRC”) that the restructuring...
Dubai Islamic Bank shareholders approve 25% dividend for 2021
UAE: Dubai Islamic Bank (DIB) Annual General Assembly Meeting approved the bank’s 2021 financial statements and other tabled resolutions, demonstrating the confidence of the shareholders...
SHUAA Partners Acquisition Corp-I begins trading at NASDAQ Global Market
DUBAI, UAE: SHUAA Capital (DFM: SHUAA) announced successful pricing of the initial public offering (IPO) of 10 million units of SHUAA Partners Acquisition Corp I...
Shelf Drilling awarded new contract in Nigeria
DUBAI, UAE: Shelf Drilling Ltd. has secured a new contract award for the Shelf Drilling Mentor jack-up rig for operations offshore Nigeria. The contract has...