Orient Insurance intention of acquiring

DUBAI, UAE: Orient Insurance's Board of Directors (PJSC) announced that the company will submit an offer to acquire non-owned shares of Orient UNB Takaful (PJSC), sum of 16.09% of the …

NNR November 3, 2021

MENA

GFH Financial acquires high-rise in Baltimore for $90 million

MANAMA, BAHRAIN: GFH Financial Group has expanded its US multifamily residential portfolio after acquiring a third asset, a luxury high-rise in Baltimore, Maryland, for an estimated $90 million. The acquisition…

NNR October 31, 2021

Euronext MENA

Fertiglobe, first free zone company, commences trading on ADX

AMSTERDAM: Fertiglobe has become the first free zone company to list onshore in the UAE, with trading in the shares to commence on the Abu Dhabi Exchange (ADX) on Wednesday.…

NNR October 27, 2021

MENA

DP World reports strong volume growth of 11.9% for 9M2021

DUBAI, UAE: DP World Limited handled 58.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 9M2021, with gross container volumes increasing by 11.9% year-on-year on…

NNR October 26, 2021

MENA

Edita Food Industries raises price points across flagship Molto range

CAIRO, EGYPT: Edita Food Industries, a leader in the Egyptian packaged snack food market, announced today that it has increased prices across the Molto product range at its baked goods…

NNR October 25, 2021

MENA

BHM Capital appointed liquidity provider for Aram Group on ADX

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…

NNR October 25, 2021

MENA

GFH Financial signs investment partnership with Schroders Capital

MANAMA, BAHRAIN: GFH Financial Group has entered into a strategic partnership with Schroders Capital to invest in select private equity and venture capital deals on a discretionary basis. Schroders Capital…

NNR October 24, 2021

MENA

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

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…

NNR October 24, 2021

MENA

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

Bayan Al Hosani, Executive Director for People, Culture and Performance, Aldar Properties, added: “With such a diversified business, Aldar presents many interesting career paths for both experienced and graduate Emiratis…

NNR October 24, 2021

MENA

Arbitration claims reached to approximately AED 3.5 billion

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…

NNR October 24, 2021

MENA

Huawei Arab Innovation Day 2021

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…

NNR October 22, 2021

Euronext MENA

OCI and ADNOC complete Fertiglobe bookbuilding, raising over $795 million

AMSTERDAM: OCI N.V., Abu Dhabi National Oil Company (ADNOC) and Fertiglobe announced the successful completion of Fertiglobe’s IPO bookbuilding process, and the final offer price of its initial public offering…

NNR October 20, 2021