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

MENA

International Finance Corporation acquires 25% stake in Tabreed India

ABU DHABI, UAE: National Central Cooling Company (Tabreed) has finalised a significant strategic partnership with the International Finance Corporation (IFC), under which ownership of Tabreed India, currently a wholly owned…

NNR December 20, 2021

MENA

Alpha Dhabi Holding invests AED1 billion in Ta’ziz

ABU DHABI, UAE: Alpha Dhabi Holding, the Abu Dhabi-based conglomerate, will be investing about AED 1 billion in the Abu Dhabi Chemicals Derivatives Company, known as TA’ZIZ. This step comes…

NNR December 19, 2021

MENA

Alpha Dhabi Holding announce AED 8.0bn expansion plans

ABU DHABI, UAE: Alpha Dhabi Holding (ADH), has agreed on the conglomerate’s expansion plans and future strategy, targeting AED 8 billion for investments in real estate, hospitality, healthcare, petrochemicals, and…

NNR December 16, 2021

MENA

Delegation from Abu Dhabi Securities Exchange visits Bahrain Bourse

MANAMA: Bahrain Bourse (BHB) hosted a high-level delegation from Abu Dhabi Securities Exchange (ADX) for two days to agree on practical steps to be taken by both parties in order…

NNR December 15, 2021

MENA

Dubai Investments offers to buy NGI at AED3.12/share

DUBAI, UAE: Dubai Investments has made an offer to acquire all or part of shares in National General Insurance (NGI) at the rate of AED3.12/share. The offer has been dispatched…

NNR December 15, 2021

MENA

IHC approves Al Tamouh Investments and Al Qudra Holdings merger

ABU DHABI, UAE: International Holding Company (IHC) has formally agreed to the merger of its subsidiary Al Tamouh Investments with Al Qudra Holding, a news release said. The transaction will…

NNR December 12, 2021

MENA

GFH AND Wafra partner to acquire portfolio of U.S. logistics assets

MANAMA: GFH Financial Group has partnered with Wafra International Investment Company, a Kuwaiti based asset management company with US$8.5 billion in AUM, to acquire a portfolio of US-based blue chip…

NNR December 12, 2021

MENA

ADNOC Drilling announces $3.8 billion drilling contract award

ABU DHABI, UAE: ADNOC Drilling Company has signed a five-year Drilling Services Agreement with ADNOC Onshore for the continued provision of drilling, workover and other well services. The contract will…

NNR December 9, 2021

MENA

BHM Capital wins Listing Advisory License

DUBAI, UAE: BHM Capital, a leading financial services company in the UAE, has been granted a Listing Advisory License by the Securities and Commodities Authority (SCA), the body in charge…

NNR December 8, 2021

MENA

Orascom to buy equipment distribution/services business in Egypt

DUBAI, UAE: Orascom Construction Board has proposed the acquisition of a leading equipment importation, distribution and services business (target company) in Egypt. The Group previously announced on October 19 that…

NNR December 6, 2021

Euronext MENA

Technip Energies to construct petrochemical complex in UAE

PARIS, FRANCE: Technip Energies (EPA:TE) in consortium with TARGET Engineering by Abu Dhabi Polymers co. Ltd. (Borouge) will construct a new Ethane Cracker Unit, to be integrated in the Borouge…

NNR December 6, 2021