PARIS, FRANCE: Technip Energies and National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company, have signed a Memorandum of Understanding (MoU) to advance energy transition in United Arab Emirates (UAE) and other countries in the MENA region. The MoU was signed at the GASTECH conference on Sept. 21, by NPCC CEO Eng…
Category: MENA
Corporate news and announcements from the stock markets of Middle East and North Africa.
Emiratesis launching new technical solution for cargo shipments
DUBAI, UAE: Emirates SkyCargo is launching a new technical solution for its customers that will enhance user experience and the efficiency of the booking process for cargo shipments. Working with WiseTech Global, a leading provider of software solutions to the logistics industry, Emirates SkyCargo will be providing direct access to its flights and inventory for…
Huawei to invest $15mn in Middle East
DUBAI, UAE: Huawei plans to invest $15 million over the next three years in a newly unveiled HUAWEI CLOUD Oasis Program aimed at accelerating the development of technology enterprises and ecosystems in the Middle East. The HUAWEI CLOUD Oasis Program was launched during the second edition of the HUAWEI CLOUD Summit held virtually this year…
Gulf Coast Growth Ventures commissions start-up of petrochemical JV
RIYADH, KSA: Saudi Basic Industries Corporation (SABIC) has commenced commissioning activities and preparations for initial start-up of the joint venture project with Exxon Mobil in the U.S. Gulf Coast. nMobil and SABIC, called Gulf Coast Growth Ventures. The project includes the establishment of an ethylene production unit with annual capacity of about 1.8 million tons, which…
Eng. Saleh Al-Sharafi appointed CEO of Waseef Company
DOHA, QATAR: Barwa Real Estate Group announced the appointment of Eng. Saleh Abdullah Al-Sharafi as CEO of Al-Wasef Asset Management Company “Wasif”, which is wholly owned by Barwa Real Estate Group. The Group’s Board of Directors welcomes Al-Sharafi to his new position, and expresses the great confidence that Barwa Real Estate attaches to him, and…
Ooredoo & CK Hutchison agree $6bn merger of Indonesian businesses
DOHA, QATAR: Ooredoo Group and CK Hutchison Holdings have signed definitive transaction agreements for the proposed merger of their respective telecommunications businesses in Indonesia, PT Indosat Tbk (Indosat Ooredoo) and PT Hutchison 3 Indonesia (H3I). Ooredoo is an international communications company operating across the Middle East, North Africa and Southeast Asia. The merged company will be named PT Indosat Ooredoo Hutchison…
DP WORLD to invest £300mn London Gateway logistics hub
DUBAI, UAE: DP WORLD will begin work next month on a new fourth berth at its London Gateway logistics hub to increase supply chain resilience and create more capacity for the world’s largest vessels, a news release said. The £300 million sum – which builds on the £2bn investment DP World has made in Britain…
Hutchison to run dry port and bonded logistics in SPARK industrial city
HONG KONG: King Salman energy Park (SPARK) and Hutchison Ports signed a shareholders’ agreement for the formation of a joint venture to manage and operate the dry port and bonded logistics zone in the SPARK energy industrial city. Designed to ensure ease of access to global markets, the three-square-kilometre dry port will enable the future…
Arabian Centres Company announces opening of Jeddah Park Centre
JEDDAH, KSA: Arabian Centres Company announced the opening of Jeddah Park centre located on Prince Muhammad Bin Abdulaziz Road in Jeddah on Thursday 09th September 2021, to be the 22nd centre in the company’s portfolio. The centre has a GLA of 126.5k square meters, and it contains over 350 commercial units that include the finest…
AUB becomes Gold Sponsor of Bahrain Bourse’s Smart Investor Program
BAHRAIN: Bahrain Bourse, a self-regulated multi-asset marketplace, has announced Ahli United Bank (AUB) as a Gold Sponsor for the 4th Edition of the “Smart Investor” Program. The Smart Investor Program is a national awareness program organized in collaboration with INJAZ Bahrain, aimed at promoting financial and investment literacy among elementary school students in Bahrain. Mrs….
Amanat Holdings announces its Social Infrastructure Platform
DUBAI, UAE: Amanat Holdings, GCC’s largest healthcare and education investment company, has announced the launch of its Social Infrastructure Platform with the acquisition of the real estate property of Cambridge Medical and Rehabilitation Centre’s (CMRC) facility in Abu Dhabi for AED 46 million, a news release said. The transaction marks Amanat’s first investment in healthcare…
Al Salam Bank unveils its newly formed brand DNA
MANAMA, BAHRAIN: Al Salam Bank recently held an exclusive key-note event at the glittering Bahrain National Theatre, one of the largest theatres in the Arab world, which has emerged as an architectural landmark that embodies the artistic and cultural dynamism of the Kingdom. The event was held in celebration of the Bank’s newly launched Brand…