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 Bahrain on 27th February 2022…

NNR February 5, 2022

MENA

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 Officer, effective from 1st of…

NNR February 3, 2022

MENA

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 a leading producer and global…

NNR January 22, 2022

MENA

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 US$1 billion in infrastructure and…

NNR January 17, 2022

MENA

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 Holding in a AED 3.05…

NNR January 13, 2022

MENA

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 January 2022. Mr. Ahmad Al-Neama…

NNR January 6, 2022

MENA

Raslaffan to acquire 40% shares in Nebras Power for $530mn

DOHA, QATAR: Raslaffan Operating Company has signed a share sale and purchase agreement with Qatar Holding LLC (QH), to purchase 40% of the share capital of Nebras Power from QH.…

NNR January 5, 2022

MENA

Alpha Dhabi Holding raises stake in Aldar Properties to 30%

ABU DHABI, UAE: UAE based conglomerate, Alpha Dhabi Holding has acquired an additional 17% shareholding of Aldar Properties PJSC, one of the UAE’s leading real estate development, management, and investment…

NNR January 3, 2022

MENA

Multiply to invest $75mn in Getty Images ahead of NYSE IPO

Samia Bouazza, CEO and Managing Director at Multiply Group, said: “This is a great opportunity to invest pre-listing alongside the CCNB team, a partner with a strong vision and impressive…

NNR December 29, 2021

MENA

Doha Bank signs $762.5 million term loan facility

DOHA, QATAR: Doha Bank has successfully completed the signing of a 3-year syndicated term loan facility on 20 December 2021. The loan proceeds will be used to fund general corporate…

NNR December 27, 2021

MENA

EFG Hermes & MNHD sign EGP 750mn housing and development deal

CAIRO, EGYPT: EFG Hermes has signed a sale and leaseback agreement amounting to EGP 750 million with real estate development firm Madinet Nasr for Housing and Development (MNHD). EFG Hermes’…

NNR December 26, 2021

MENA

TAQA & ADNOC announce $3.6bn to power, decarbonize offshore operations

ABU DHABI, UAE: Abu Dhabi National Energy Company PJSC (TAQA) and Abu Dhabi National Oil Company (ADNOC) announced a $3.6 billion strategic project to significantly decarbonize ADNOC’s offshore production operations,…

NNR December 22, 2021