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 the UAE’s largest fuel and…

NNR August 22, 2021

MENA

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 transformation initiatives” to support small…

NNR August 22, 2021

MENA

Dana Gas wins arbitration on sale of Egypt assets

The assets will continue to be operated by Dana Gas for the benefit of its shareholders and the people of Egypt SHARJAH, UAE: Dana Gas PJSC has received an award…

NNR July 25, 2021

MENA

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 first telecom company in the…

NNR July 18, 2021

MENA

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 industries to and from Abu…

NNR July 14, 2021

MENA

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 Investments PJSC (DIC) has now…

NNR July 14, 2021

MENA

Bahrain Bourse adopts Global Industry Classification Standard (GICS) for listed companies

MANAMA, BAHRAIN: Bahrain Bourse will adopt the Global Industry Classification Standard (GICS) for listed companies effective as of 11th July 2021, a news release said. This is in line with…

NNR July 11, 2021

MENA

GFH acquires US based student housing portfolio

This Investment is expected to reflect positively on the Group’s financials and increase the returns for the Group. MANAMA, BAHRAIN: GFH Financial Group has signed to acquire a $100 million…

NNR July 11, 2021

MENA

DP World acquires Imperial Logistics for $890 million

DUBAI, UAE: DP World has entered into a transaction implementation agreement regarding cash offer of ZAR66 per share to acquire all outstanding shares of JSE listed Imperial Logistics, implying an equity consideration of…

NNR July 8, 2021

MENA

DP World acquires syncreon for an enterprise value of $1.2 billion

DUBAI, UAE: DP World announced the acquisition of 100 per cent of syncreon for an enterprise value of $1.2 billion. This transaction is subject to customary completion conditions and is…

NNR July 1, 2021

MENA

Shelf Drilling gets Total E&P Nigeria contract for the Baltic

DUBAI, UAE: Shelf Drilling Ltd. has secured a contract for the Baltic jack-up rig with Total E&P Nigeria Limited for operations offshore Nigeria, a news release said. The contract duration…

NNR June 29, 2021

MENA

GFH Financial buys FedEx logistics facility in Ohio for $100 million

The group increases its logistics investments in the North American and European to more than US$ 300 million. MANAMA, BAHRAIN: GFH Financial Group (GFH) has bought a US-based warehousing and…

NNR June 26, 2021