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 for its unparalleled performance and…

NNR March 9, 2022

MENA

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, NIMR, a leading manufacturer of…

NNR March 7, 2022

MENA

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 its commitments and finance new…

NNR March 7, 2022

MENA

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 plan is officially completed. With…

NNR March 7, 2022

MENA

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 in the bank's Board and…

Chenos Kahn March 2, 2022

MENA

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 at a price of $10/per…

Chenos Kahn March 2, 2022

MENA

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 an estimated duration of 225…

NNR March 1, 2022

MENA

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 cater to all industry verticals…

NNR March 1, 2022

MENA

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 total of US$1.4 billion in…

NNR February 14, 2022

MENA

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 sizeable investment of 375 million…

NNR February 8, 2022

Euronext MENA

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 of the alliance, OCI Methanol…

NNR February 7, 2022