Telecom Egypt to launch a new subsea system circling the African continent

CAIRO: Telecom Egypt announced its plans to launch Hybrid African Ring Path (HARP) by 2023, a new subsea system that will outline the African continent, forming the shape of a…

NNR March 3, 2021

MENA

Al Moammar Information Systems and Abunayyan Holding to jointly develop green data centers in KSA

RIYADH: Al Moammar Information Systems (MIS) has signed a non-binding memorandum of understanding (MoU) with Abunayyan Holding Group to establish a joint venture company with the aim of exploring the…

NNR February 28, 2021

MENA

Aljazira Takaful enforces decision to merge Solidarity Saudi Takaful into Aljazira Takaful

RIYADH: Al Jazira Takaful Company announced the enforcement of the decision to merge Solidarity Saudi Arabia into Al Jazira Takaful Company and transfer all the assets and liabilities of Solidarity…

NNR February 28, 2021

MENA

Vodafone Qatar unveils enhanced Giganet Network

Vodafone mobile phone store shopfront sign with interior view of sales floor in indoor shopping mall DOHA, QATAR: Vodafone Qatar has launched a new cross-country campaign to showcase the improvements…

NNR February 28, 2021

MENA

Tabreed expands its R&D funding commitment to boost efficiency and sustainability

Company targeting efficiency improvement of 30% against comparable industry performance benchmarks ABU DHABI: National Central Cooling Company PJSC (Tabreed) has announced the launch of four pilot projects, which are part…

NNR February 28, 2021

MENA

GFH Financial acquires distribution facility in Chicago for $135 million

MANAMA: GFH Financial Group (GFH) announced the acquisition of a mission-critical distribution facility in Chicago, Illinois, which has been leased since November 2015 to blue chip tenant, Michelin North America. The…

NNR February 23, 2021

MENA

Qatari Germany for Medical Devices evaluating plant expansion

The demand for medical supplies is expected to increase locally and internationally, so the company has studied the addition of new products to its product portfolio. DOHA, QATAR: Qatari Germany…

NNR February 21, 2021

MENA

JCPDI and Hutchison Ports sign investment and operation agreement for JCDPI Port

Mr. Eric Ip (centre), Group Managing Director of Hutchison Ports, and Mr. Andy Tsoi (second from left), Managing Director of Hutchison Ports, Middle East and Africa and senior executives of…

NNR February 15, 2021

MENA

Avanceon gets solar power system contract for a Middle Eastern oil giant

DUBAI: Avanceon FZE, a subsidiary of Avanceon Limited incorporated in the United Arab Emirates, has been contracted to provide a comprehensive Solar Power System for one of the largest oil…

NNR February 15, 2021

MENA

Qatar Islamic Bank completes $100 million Islamic trade facility in MENAT with HSBC

DOHA: Qatar Islamic Bank completed with HSBC Bank Middle East its first Islamic Trade Facility in MENAT valued at USD 100 million, in January 2021. The Financial Institutions Refinance trade…

NNR February 14, 2021

MENA

Emirates Integrated Telecommunications posts net income of AED 1.44 billion

The Board approved foreign ownership of up to 49% of the company’s share capital DUBAI, UAE: Emirates Integrated Telecommunications Company PJSC (EITC) published its financial results for the year ended…

NNR February 9, 2021