Orascom Construction evaluates acquisition Sawiris Family business

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…

NNR October 19, 2021

MENA

Dubai Investments inks AED 1bn beachfront development deal with Marjan

DUBAI, UAE: Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), has signed an agreement with Marjan - the master-developer of freehold properties in Ras…

NNR October 19, 2021

MENA

Barwa Real Estate signs cooperation agreement with Huawei

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,…

NNR October 18, 2021

MENA

ADNOC distribution continues expansion in northern emirates

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…

NNR October 17, 2021

MENA

ADNOC Drilling approves business growth plan, inclusion in FTSE Indices

ABU DHABI, UAE: The inaugural ADNOC Drilling Board meeting was chaired by Dr. Sultan Ahmed Al Jaber, ADNOC Managing Director and Group CEO, as well as ADNOC Drilling Chairman, approved…

NNR October 17, 2021

MENA

GFH intends to acquire 21.03% stake in Khaleeji Commercial Bank

DUBAI, UAE: GFH Financial Group has expressed intention to make an offer to acquire up to 187.589 million ordinary shares representing 21.03% stake in Khaleeji Commercial Bank. This acquisition will…

NNR October 17, 2021

Euronext MENA

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 to jointly develop a 50-100…

NNR October 14, 2021

MENA

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 Capital Markets Apprenticeship Program with…

NNR October 13, 2021

MENA

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 filing said. The platform covers a long-term investment period. DP…

NNR October 12, 2021

MENA

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 majority Saudi-owned bank to close…

NNR October 10, 2021

MENA

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 Mohamed is a professional banker…

NNR October 10, 2021

MENA

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 Company has secured long-term agreements…

NNR October 10, 2021