Fertiglobe partners with Scatec and TSFE to develop green ammonia project in Egypt
AMSTERDAM, NETHERLANDS: Fertiglobe, the partnership between OCI N.V. and Abu Dhabi National Oil Company (ADNOC), has entered into an agreement with Scatec ASA and TSFE...
Bahrain Bourse holds ceremony for Capital Markets Apprenticeship Program Graduates
MANAMA, BAHRAIN: Bahrain Bourse (BHB), a self-regulated multi-asset marketplace, held an awards and graduation ceremony to commemorate the completion of the first edition of the...
DP World forms investment platform to invest in Africa
DUBAI, UAE: DP World has created an investment platform in partnership with the UK’s development finance institution and impact investor CDC Group (CDC), a bourse...
GIB closes $625mn sustainability-linked syndicated loan
MANAMA, BAHRAIN: Gulf International Bank (GIB) has successfully closed a $625 million sustainability-linked syndicated loan (SLL), making GIB the first Bahrain-headquartered bank and the first...
Ali Mohamed Zaid Ali Musmar appointed CEO of Sharjah Group
ABU DHABI, UAE: Sharjah Group Company has appointed Ali Mohamed Zaid Ali Musmar as the new Chief Executive Officer (CEO), a bourse filing said. Ali...
Yahsat’s mobility business Thuraya secures AED 316mn contracts
ABU DHABI, UAE: Al Yah Satellite Communications Company (Yahsat), the UAE’s flagship satellite solutions provider, announced that its Mobile Satellite Services (MSS) subsidiary, Thuraya Telecommunications...
Valoe and ICON to setup solar module manufacturing in Saudi Arabia
HELSINKI, FINLAND: Valoe Oyj and ICON Advanced Co. Ltd, have agreed on establishing a joint venture company in Saudi Arabia. Valoe shall own 40 percent...
SULB inaugurates $20mn wharf at Salman Industrial City in Hidd
HIDD, KINGDOM OF BAHRAIN: SULB, a major steel producer serving international markets, inaugurated the newly constructed Wharf. The new private port facility, located at Salman...
Orascom led consortium to connect power grids of Egypt and Saudi Arabia
DUBAI, UAE: Orascom Construction announced that its consortium with Hitachi Energy signed a contract today with the Egyptian Electricity Transmission Company (EETC) to execute all...
EFG Hermes signs sale & lease back agreement with Misr Italia
CAIRO, EGYPT: EFG Hermes Corp-Solutions has signed a sale & lease back agreement with leading real estate development firm Misr Italia Properties for refinancing its...
OCI and ADNOC to sell 13.8% Fertiglobe shares in ADX IPO
AMSTERDAM: OCI N.V., Abu Dhabi National Oil Company (ADNOC) and Fertiglobe plc announced their intention to proceed with an initial public offering (IPO) of Fertiglobe...
Gulf International Bank partners with MFME 2021
MANAMA, BAHRAIN: Mentorship Forum Middle East (MFME) 2021 announced Gulf International Bank (GIB) as a partner for its second annual forum taking place as a...