ACWA Power announces IPO on Saudi Stock Exchange
RIYADH, KINGDOM OF SAUDI ARABIA: International Company for Power and Water Projects (ACWA Power) announced intention to proceed with an Initial Public Offering (IPO) and...
Orascom signs $4.5bn contract for Egypt’s high speed rail system
DUBAI, UAE: Orascom Construction PLC has signed, in a consortium with Siemens Mobility and Arab Contractors, a contract with the National Authority for Tunnels (NAT)...
AmCham Bahrain elects new board and officers
MANAMA, BAHRAIN: The American Chamber of Commerce in Bahrain (AmCham Bahrain) announced the successful election of its Board Officers following its recent election of Board...
Sudatel Group launches 4G service in Mauritania
ABU DHABI, UAE: Sudatel Telecom Group, through its operator (Chinguitel ), launched the mobile 4G services in the Mauritanian capital, Nouakchott along with six other...
ADIB launches world’s first Islamic digital proposition for youth
ABU DHABI, UAE: Abu Dhabi Islamic Bank (ADIB) has officially unveiled ‘Amwali’, world’s first Islamic digital proposition targeting youth between the age of 8 to...
Qatari companies included FTSE Micro Cap Index
DOHA, QATAR: Baladna, Doha Insurance Group and Qatar Industrial Manufacturing will be included in FTSE Micro Cap Index from September 16, 2021. Moreover, Qatar Fuel...
ADNOC Distribution included in FTSE Emerging Markets Index
ABU DHABI, UAE: ADNOC Distribution will be included in the FTSE Emerging Markets (EM) Index, from 16 September 2021, a news release said. ADNOC is...
MSCI upgrades Abu Dhabi Commercial Bank ESG rating to ‘AA’
ABU DHABI, UAE: Abu Dhabi Commercial Bank (ADCB) has received an upgrade in its MSCI ESG rating to ‘AA’ from ‘A’ driven by “leading digital...
Dana Gas wins arbitration on sale of Egypt assets
SHARJAH, UAE: Dana Gas PJSC has received an award in its favour dated 19 July 2021 from the London Court of Arbitration (LCIA). The arbitration...
Batelco gets licenses for open banking to enter the FinTech arena
BAHRAIN: Batelco Financial Services, a subsidiary of Batelco, has been granted a full operating license by the Central Bank of Bahrain (CBB). Batelco is the...
Aramex and DB Schenker sign MoU to accelerate expansion ambitions in Abu Dhabi and MEA
DUBAI, UAE: Aramex and Germany-based DB Schenker signed a strategic Memorandum of Understanding (MoU) with the aim to drive forward synergistic opportunities in supply chain solutions across multiple critical...
Dubai Investments buys additional shares in National General Insurance
DUBAI, UAE: Dubai Investments PJSC (DIC) has bought an additional 15.19% shares of National General Insurance Company PJSC (NGI) from Emirates NBD Bank PJSC. The aggregate ownership of Dubai...