Category: MENA

Corporate news and announcements from the stock markets of Middle East and North Africa.

BHM Capital appointed liquidity provider for Aram Group on ADX

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DUBAI, UAE: BHM Capital Financial Services PSC one of the leading companies in the UAE financial markets, has been appointed as a Liquidity Provider for Aram Group Company, PJSC (formerly Sharjah Group Company P.S.C). According to the agreement, BHM Capital will provide liquidity for Aram Group’s securities listed on the Abu Dhabi Securities Exchange “ADX”…

Nakilat and Karpowership to jointly own and operate Floating Storage Regasification Units

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DOHA, QATAR: ​Nakilat and Karpowership have signed a Memorandum of Understanding (MoU) to collaborate in the LNG-to-power market and jointly own and operate Floating Storage Regasification Units (FSRUs). Nakilat’s Chief Executive Officer Eng. Abdullah Al-Sulaiti said: “We are very pleased and excited to sign this agreement with Karpowership today. This fits very well with Nakilat’s…

Aldar to create 1,000 jobs for UAE nationals by 2026

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ABU DHABI, UAE: Aldar Properties will create employment opportunities for 1,000 UAE nationals over the next five years in line with the ambitious Emiratisation goals set out in the UAE’s ‘Projects of the 50’ initiative. The announcement reaffirms the company’s commitment to increase Emiratisation levels in the private sector and develop the next generation of…

Arbitration claims reached to approximately AED 3.5 billion

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DUBAI, UAE: As part of its endeavors to update its shareholders and for transparency and disclosure purposes and in accordance with regulatory requirements, Union Properties PJSC, one of the most notable developers in Dubai, now updates on the arbitration claim filed by one of its subsidiaries. The total estimated amount included in the subsidiary’s claims…

Huawei Arab Innovation Day 2021

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RIYADH, KSA: Held under the theme of “Collaboration to Drive Innovations in the Arab World,” Huawei Arab Innovation Day 2021 witnessed landmark keynotes and discussions led by ministerial and senior leaders from the Arab governments, regional and international ICT organizations, and high-level technology stakeholders from different verticals and industries. The opening keynote was delivered by…

Orascom Construction evaluates acquisition Sawiris Family business

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DUBAI, UAE: Orascom Construction announced the Board of Directors approved management’s proposal to evaluate the potential acquisition of a leading equipment importation, distribution and services business in Egypt owned by Sawiris Family. Founded by the late Onsi Sawiris over 30 years ago, the target company is wholly owned by the Sawiris Family and operates independently…

Barwa Real Estate signs cooperation agreement with Huawei

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DOHA, QATAR: Barwa Real Estate Group has signed a cooperation agreement with Huawei to provide all its in-progress and future projects with all smart technology services related to ICT systems, with a view to increase the Group’s contribution to the development of a more sustainable society; a society that enhances the concept of the smart…

ADNOC distribution continues expansion in northern emirates

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SHARJAH, UAE: ADNOC Distribution, the UAE’s largest fuel and convenience retailer, has continued its expansion in the Northern Emirates with two further openings in Sharjah, the Al Talaaa and Al Madean stations, both located in the Industrial Area. The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience…