AD Ports Group to establish Metal Park in KIZAD
ABU DHABI, UAE: AD Ports Group signed an agreement with Metal Park Investment ME LTD to establish an integrated metal hub in KIZAD that will...
Gulf International Bank is gold sponsor of the GTR MENA 2022 Conference
MANAMA, BAHRAIN: Gulf International Bank (GIB) was Gold Sponsor of the GTR MENA 2022 conference held in Dubai on 15-16 February 2022. Organised by Global...
Apollo Funds to invest in $1.4bn in Aldar Properties of UAE
ABU DHABI, UAE: Aldar Properties and Apollo Global Management (NYSE: APO) have signed a landmark commitment that will see Apollo-managed funds and clients invest a...
Al Seer Marine invests AED 1.2bn in Abu Dhabi Ports for 7.36% stakes
ABU DHABI: Al Seer Marine PJSC, the leading marine company in the Middle East and a subsidiary of International Holding Company (IHC), has announced a...
ADQ and Alpha Dhabi to acquire 15% in OCI Methanol for $375mn
AMSTERDAM: ADQ and Alpha Dhabi Holding will acquire a 15% stake in the OCI Methanol Group for a total consideration of US$375 million. As part...
valU signs partnership with The American University in Cairo
CAIRO, EGYPT: valU, MENA’s leading buy-now, pay-later (BNPL) fintech platform, and The American University in Cairo (AUC) have signed an agreement to offer convenient and...
IFID 2022 announces BisB as exclusive banking partner
MANAMA: The 3rd Islamic Finance Innovation Day (IFID) Forum announced Bahrain Islamic Bank (BisB) as the Exclusive Banking Partner. Taking place in the Kingdom of...
Etisalat Group appoints Mikhail Gerchuk as CEO International
ABU DHABI, UAE: Emirates Telecommunications Group Company (Etisalat Group) announced that Mr. Mikhail Gerchuk was appointed as CEO International reporting directly to Group Chief Executive...
Bahrain Steel achieves record production of iron-ore pellets in 2021
MANAMA, BAHRAIN: Bahrain Steel, a subsidiary of Foulath Holding, successfully reached record production of 12 million tons of iron-ore pellets in 2021. Bahrain Steel is...
GFH spins out infrastructure investments into Infracorp
MANAMA, BAHRAIN: GFH Financial Group announced the spinning out of its infrastructure and real estate assets under the newly established “Infracorp” capitalized with more than...
Ras Al Khaimah Cement buys IHC’s Apex Holding for AED3.05bn
ABU DHABI, UAE: Ras Al Khaimah Cement Investment (RAKCIC) has agreed to buy entire shares of International Holding Company (IHC) and Chimera Investments in APEX...
Ooredoo Group announces new executive appointments
DOHA, QATAR: Ooredoo Q.P.S.C. announced the appointment of Mr. Ahmad Al-Neama as Group Regional CEO, Mr. Bilal Kazmi as Group Chief Commercial Officer, effective 1...