DP World Australia announces acquisition of Silk Logistics

DUBAI, UAE: DP World Australia, a subsidiary of DP World, announces it has entered into a binding Scheme Implementation Deed for the acquisition of 100% of the issued share capital…

NNR November 11, 2024

MENA

IMF projects economic growth at the rate of 5.1% for the UAE in 2025

The UAE's real GDP is forecasted to remain stable at 4% in 2024, with an expected increase to 5.1% in 2025, according to the latest World Economic Outlook (WEO) released…

NNR October 23, 2024

MENA

Masdar partners with Presight to develop an advanced asset management tool

ABU DHABI: Masdar, the UAE’s leading clean energy company, has entered into a strategic partnership with Presight, a top-tier big data analytics firm powered by generative artificial intelligence (AI). This…

NNR October 15, 2024

MENA

KASCO Developments launches in UAE real estate with AED 1.2bn initial investments

Dubai, UAE: KASCO Developments – the latest venture by the prominent KASCO Group – has officially launched into the thriving UAE property market. Having been involved in real estate since…

NNR September 19, 2024

MENA

Web3 streaming platform myco raises $10 million for its Series A funding

Dubai: UAE-based Web3 streaming platform, myco, has successfully completed the first closing of its Series A funding, raising $10 million from prominent venture investors across MENA, North America and Europe.…

NNR August 27, 2024

MENA

Multiways International launches Daria BOND Smartphone in UAE market

DUBAI: Multiways International has announced the launch of the revolutionary Daria BOND Smartphone in the UAE market. Designed by Multi Ways International, the Daria BOND smartphone ushers in a new…

NNR August 16, 2024

MENA

Qatar Investment Authority announces an initial $180m investment in TechMet

DOHA: Qatar Investment Authority (QIA) has announced today an initial $180m investment in TechMet, reflecting QIA’s commitment to secure the supply of responsibly sourced critical minerals. TechMet is an investment…

NNR August 7, 2024

MENA

ABHI & Rollee collaborate to promote financial inclusivity for gig workers

Abu Dhabi, UAE: ABHI, an embedded finance platform revolutionizing financial transactions across the MENAP region, has partnered with Rollee, a data infrastructure that provides institutions with users’ risk profiles, to…

NNR July 30, 2024

MENA

Aramco acquires an equity interest in APQ’s Blue Hydrogen Industrial Gases Company

Aramco has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ).

NNR July 16, 2024

MENA

Dubai Media announces partnership with NEP Group

DUBAI, UAE: Dubai Media has signed a memorandum of understanding with NEP Group, the leading media services provider supporting premier broadcasters and content creators worldwide, to enhance cooperation and exchange…

NNR July 4, 2024

MENA

ADNOC Drilling will see dividends grow by at least 10% per annum over next 5 years

ABU DHABI, UAE: ADNOC Drilling Company announced shareholder approval of new progressive dividend policy at its General Shareholder Meeting. The new, progressive policy will see dividends grow by at least…

NNR June 25, 2024

MENA

Akasa Air commences operations from Riyadh, Saudi Arabia

Akasa Air commenced operations from Riyadh, connecting it to Mumbai with daily direct flights. The inaugural flight on 15th June 2024 departed Chhatrapati Shivaji Maharaj International Airport in Mumbai

NNR June 16, 2024