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Orascom adds $650 million to its backlog in Q1 2021
DUBAI: Orascom Construction PLC announces that it has added USD 650 million of new awards to its backlog in Q1 2021. These new awards mark an increase of 8% y-o-y…
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Gulf International Bank wins at The Digital Banker Middle East & Africa Innovation Awards 2021
MANAMA: Gulf International Bank (GIB) has been named winner in eight key categories by The Digital Banker Middle East & Africa Innovation Awards 2021, a news release said. For its success over…
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Dana Gas terminates agreement for sale of its Egyptian assets
SHARJAH, UAE: Dana Gas PJSC has terminated its agreement for the sale of its Egyptian assets, announced on 25th October 2020, a news release said. A number of conditions precedent…
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Roebuck Asset Management sold Avonmouth logistics center in UK for $123 million
MANAMA, BAHRAIN: Roebuck Asset Management has concluded an off-market sale of Accolade Park to Tritax Big Box REIT Plc for $123 million, a news release said. Roebuck Asset Management is…
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DP World reports 10% volume growth in 1Q
DP World reports strong start to 2021 with 10% volume growth in 1Q DUBAI: DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container…
S&P revises Oman Insurance’s outlook to positive on improved operating performance
DUBAI: Oman Insurance Company is assigned a positive outlook by S&P Global Ratings, based on improved operating performance while affirming an A- rating, a news release said. The rating agency…
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AmCham members tour Mueller Middle East
Mueller Middle East (MME) is a US-Bahrain FTA success story. MANAMA, BAHRAIN: Members of the American Chamber of Commerce in Bahrain (AmCham) enjoyed a tour of Mueller Middle East (MME),…
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GFH Properties awarded ‘Best Development in MENA’
MANAMA, BAHRAIN: GFH Properties, one of the leading real estate developments in the Kingdom of Bahrain, has received the "Best Development in MENA" award for its "The Harbour Row" project…
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Dubai Islamic Bank closes lowest-ever pricing on an AT1 sukuk from the GCC
DUBAI: Dubai Islamic Bank PJSC (DIB), rated A3 by Moody's and A by Fitch, successfully priced a landmark USD 500 million Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a…
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GFH shareholders approve $42 million dividend in cash and bonus shares
MANAMA: GFH Financial Group shareholders approved the Board of Directors’ recommendation for the distribution of a total dividend of US$42million. This included cash profits for all ordinary shares, save for treasury shares, at…
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Bahrain Bourse commences first edition of capital markets apprenticeship program
MANAMA: Bahrain Bourse has commenced the first edition of the Capital Markets Apprenticeship Program on Thursday, 1st April 2021 with the participation of 8 interns out of more than 470…
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Abdulla Al Nuaimi appointed CEO of Dubai National Insurance and Reinsurance
DUBAI: Dubai National Insurance and Reinsurance (DNIRC) has appointed Abdulla Al Nuaimi as Chief Executive Officer (CEO) of the company effective from April 11, 2021. Dubai National Insurance & Reinsurance…