Corporate news and announcements from the stock markets of Middle East and North Africa.
DUBAI: Deyaar Development, one of Dubai’s leading property developers and real estate service providers, announced plans to build Tria, Deyaar’s first luxury residential tower in Dubai Silicon Oasis (DSO), an integrated free zone technology park, which is a member of…
CAIRO, EGYPT: Tanmeyah for Microfinance Services, a wholly-owned subsidiary of EFG Hermes Holding and Egypt’s leading provider of microfinance solutions, has concluded the acquisition of Fatura Netherlands B.V. Fatura is a fast-growing tech-driven Business-to-Business (B2B) platform with a regional footprint…
DUBAI: NEMA Holding, a portfolio company of Amanat Holdings, has acquired 100% of Liwa College of Technology (LCT). Abu Dhabi University Holding Company recently announced a name change and will now be known as ‘NEMA Holding’, reflecting its progress as it…
RIYADH, KSA: FAS Labs, owned by Fawaz Abdulaziz Alhokair Co., the leading franchise retailer in Saudi Arabia, and Arabian Centres Company (ACC), the leading owner, developer, and operator of lifestyle shopping centers in Saudi Arabia, have entered into a strategic…
DUBAI, UAE: DP World and CDPQ, a global investment group, announced today an investment of US$5 billion (CA$6.3 billion) in three of DP World’s flagship UAE assets. CDPQ will invest US$2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone…
CAIRO, EGYPT: PayTabs, MENA’s award-winning payments powerhouse, announced today the launch of Paymes -the leading social commerce platform in Eurasia. Paymes will serve as PayTabs’ social commerce platform in the MENA region. The strategic partnership will pave the way for…
MANAMA, BAHRAIN:GFH Financial Group (GFH) has signed an agreement to acquire a majority stake in SQ Asset Management (SQ), a US-based living sector asset manager and property manager focused on student housing. The acquisition will see GFH launch its US…
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 port projects along the coast of Egypt. The first agreement will see AD Ports Group…
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 AED 500 million, with the remaining 30% owned by a strategic partner. Abu Dhabi Business…
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 place in May 2022 subject to the final regulatory approvals. This will be the Group’s…
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 short-term goals of its Smart Grid Strategy 2014 – 2035, the new strategy features a…
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 Bitcoin leveraged tokens, BTC3L and BTC3S. These leveraged tokens are short-term investment vehicles that let…