United Arab Emirates to buy 80 Rafale F4 aircraft
SAINT-CLOUD, FRANCE: In the presence of the President of the French Republic, Emmanuel Macron, and Sheikh Mohammed ben Zayed Al Nahyane, Crown Prince of Abu Dhabi and Vice-Commander of the…
Posted inMENA
KIPCO raises KD 80mn in oversubscribed rights issue
KUWAIT CITY: KIPCO - the Kuwait Projects Company (Holding) - announced the rights issue of 640 million shares was oversubscribed, and KIPCO raised KD 80 million in equity. The company's…
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Zwipe and GEPCOM to bring next generation payment cards to Saudi Arabia
RIYADH, SAUDI ARABIA: GEPCOM, one of oldest and most respected card production and printing facilities in the Arab world, has selected the Zwipe Pay ONE platform to deliver biometric payment…
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Multiply Group to list on main market of Abu Dhabi Exchange
ABU DHABI, UAE: Multiply Group, a subsidiary of International Holding Company (IHC), will list directly on the Abu Dhabi Securities Exchange (ADX) on December 5, 2021, offering investors the opportunity…
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Chris Phillips appointed Chief Commercial & Investment Officer at Gulf Navigation Holding
DUBAI, UAE: Gulf Navigation Holding has appointed Chris Phillips as its new Chief Commercial and Investment Officer. Chris Phillips brings with him over 25 years of international investment management experience.…
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Qatar First Bank invests in US-based voice AI firm, SoundHound
DOHA, QATAR: Qatar First Bank (QFB) has agreed to invest in SoundHound Inc., a US late-stage tech company specialized in voice AI. SoundHound Inc.’s headquarters are in Silicon Valley, California,…
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Orient Insurance acquires ADCB Group’s shares in Orient Takaful
DUBAI, UAE: Orient Insurance, a subsidiary of Al Futtaim Group, announced that it has completed acquiring the shares of ADCB Group in Orient Takaful Insurance Company (An Egyptian Joint Stock…
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Abu Dhabi Commercial Bank sells stake in Orient Takaful
ABU DHABI: Abu Dhabi Commercial Bank Group (ADCB) has completed the sale of its 20% stake in Egyptian insurer Orient Takaful PJSC to Orient Insurance Company. The transaction, which was…
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Waha Capital Included in Key UAE and Global Small Cap Indexes by MSCI
ABU DHABI, UNITED ARAB EMIRATES: Waha Capital (ADX: WAHA), an Abu Dhabi-listed investment management company, has been selected by MSCI for inclusion in its key UAE and global small-cap indexes.…
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Fertiglobe selects Plug Power for Egypt amonia project
ABU DHABI, UAE: Fertiglobe (ADX: FERTIGLB) led consortium selected Plug Power Inc. (NASDAQ: PLUG) as the technology provider for a 100 megawatts electrolyzer to produce green hydrogen as feedstock for…
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Emirates Stallions acquires 70% stake in WFC Holding
ABU DHABI, UAE: Emirates Stallions Group (ESG), a subsidiary of International Holding Company (IHC), has acquired 70% of WFCHolding. WFC Holding is a UAE based leading technology, data-driven and outsourcing…
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Jumia Egypt partners with valU to provide new online payment channels
CAIRO, EGYPT: Jumia, the leading e-commerce platform in Egypt, JumiaPay the fintech electronic payments platform, and valU the leading Buy-Now Pay-Later (BNPL) fintech platform in the Middle East and North…