Abu Dhabi based Multiply Marketing acquires stake in U.S. digital media platform Firefly

Samia Bouazza, Chief Executive Officer of Multiply Marketing Consultancy commented: “Firefly’s investment will bring more value to all advertisers seeking to personalize their messaging and hyper-target their audiences. ABU DHABI:…

NNR May 9, 2021

MENA

Etisalat raises Euro 1.0 billion through 7-year and 12-year bonds

ABU DHABI: Emirates Telecommunications Group Company has successfully issued 7 and 12 years bonds under its established USD 10 billion “Euro Medium Term Note” (EMTN) Programme. Etisalat is rated Aa3…

NNR May 9, 2021

MENA

Senaat intends to merge Emirates Steel with Arkan Building Materials

ABU DHABI: General Holding Corporation (Senaat) has expressed intention to combine its wholly-owned subsidiary Emirates Steel Industries with Arkan Building Materials Company (ADX: ARKAN). “The Board of Directors of Arkan…

NNR May 9, 2021

MENA

Al Meera Consumer Goods to launch two Lifestyle Community Malls in Lusail

DOHA: Al Meera Consumer Goods Company has announced its acquisition of two properties from Qatari Diar where the retailer has set sights to launch Al Meera lifestyle community malls, a…

NNR May 9, 2021

MENA Wire

Nabd launches financial markets data and news section in Arabic

DUBAI: Nabd, the largest personalized Arabic news app and platform, has launched a new section giving business users access to local, regional, and international financial markets data and up-to-the-minute economic…

NNR May 3, 2021

MENA

TAQA Group completes $1.5 billion 7-year and 30-year dual-tranche bond offering

ABU DHABI: Abu Dhabi National Energy Company (TAQA) announced today the successful placement of an aggregate US$1.5 billion in 7-year and 30-year dual-tranche senior unsecured notes. The 7-year notes, sized…

NNR May 2, 2021

MENA

Dubai Investments reports surge in profits to AED 123.8 million in Q1

DUBAI: Dubai Investments PJSC has reported a surge in Q1 2021 net profit to AED 123.8 million compared to a loss of AED 6.8 million in the same period last…

NNR May 2, 2021

MENA

Qatar listed companies report 30.74% jump in profits

DOHA: All of Qatar Stock Exchange listed companies - with the exception of Qatar General Insurance & Reinsurance Company - have disclosed their financial results for the period ended March…

NNR May 2, 2021

MENA

Ooredoo extends exclusivity period with CK Hutchison to combine Indonesian businesses

DOHA, QATAR: Ooredoo Q.P.S.C. has extended the period of exclusivity for the non-legally binding Memorandum of Understanding (MoU) with CK Hutchison Holdings Limited in relation to a possible transaction to…

NNR April 28, 2021

MENA

eGate Egypt becomes exclusive distributor of Lleida.net services in Egypt

CAIRO: eGate Egypt has signed an agreement with Lleida.net to distribute all the services catalogue of Lleida.net, a news release said. Through the agreement, eGate Egypt becomes with immediate effect…

NNR April 28, 2021

MENA

ADES secures contract renewals for seven offshore rigs in KSA

DUBAI, UK: ADES International Holding, leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA) has secured contract renewals for seven of its…

NNR April 28, 2021

MENA

Drake & Scull International wins over AED376 million contracts

DUBAI: Drake & Scull International (DSI) has won contracts of over AED 376 million in Tunisia, India and Palestine, a news release said. Drake & Scull International (DSI) is a…

NNR April 27, 2021