Qatar Petroleum to develop world’s largest LNG project

DOHA: Qatar Petroleum is developing the North Field East Project (NFE), the world’s largest LNG project, which will raise Qatar’s LNG production capacity from 77 million tons per annum (MMTPA)…

NNR February 9, 2021

MENA

Cellcom Israel files law suit against Xfone

NETANYA: Cellcom Israel Ltd. has filed a law suit against Xfone and its controlling shareholder for the enforcement of the network sharing agreement and payment of unpaid monthly payments in…

NNR February 8, 2021

MENA

Gulf Downstream Association appoints Khalid Hadi as acting Secretary General

MANAMA: The Gulf Downstream Association (GDA) announced the appointment of Mr. Khalid Hadi as Acting Secretary General. Mr. Hadi is a seasoned industry veteran who will lead the Association’s continued…

NNR February 8, 2021

MENA

DP World reports 7.6% gross volume growth in 4Q2020 and flat growth for FY2020

At a consolidated level, DP World terminals handled 11.2 million TEU during 4Q2020, increasing 10.1% on a reported basis and up 5.2% on a like-for-like basis. DUBAI: DP World Limited…

NNR February 8, 2021

MENA

Elbit Systems gets $82mn contract from BAE Systems to supply Netherlands army

HAIFA, ISRAEL: Elbit Systems Ltd. announced it was awarded an approximately $82 million contract from BAE Systems Hägglunds AB to supply the Royal Netherlands Army (RNLA) with Active Protection Systems…

NNR February 7, 2021

MENA

Elbit Systems gets $46mn contract to supply APCs to a country in Asia-Pacific

HAIFA, ISRAEL: Elbit Systems Ltd announced it was awarded a contract valued at approximately $46 million to supply VBTP 6X6 Armored Personnel Carriers (APCs) to the army of a country…

NNR February 7, 2021

MENA

UDC signs agreement to finance development of Gewan Island

DOHA, QATAR: United Development Company (UDC), a leading Qatari shareholding company and the master developer of The Pearl-Qatar and Gewan Islands, has signed an agreement with Qatar National Bank (QNB)…

NNR July 25, 2019

MENA

Hikma and Richter sign agreement for cariprazine

LONDON: Hikma Pharmaceuticals, the multinational pharmaceutical company, and Gedeon Richter PLC announced the signing of an exclusive license agreement to commercialise cariprazine, a novel antipsychotic, in certain Middle East and…

NNR July 25, 2019

MENA

Investcorp raises up to $142 million in its maiden private equity India fund

BAHRAIN: Global alternative asset manager Investcorp, announced the final close of its maiden Private Equity Fund offering for India. The fund gained a total capital commitment of around Rs 1000…

NNR July 24, 2019

MENA

Emirates Integrated Telecommunications post profit of AED 464mn

DUBAI, UAE: Emirates Integrated Telecommunications Company (EITC) published its financial results for Q2 2019 ended June 30, 2019, reporting AED 3.19 billion revenues, AED 1.47 billion EBITDA and AED 464…

NNR July 24, 2019

MENA

DFM launches Sustainability Strategic Plan 2025 to promote best practices

DUBAI: As part of its leading role amongst regional exchanges as well as its status as 'The World Class Regional Market place, the Dubai Financial Market (DFM) has launched its…

NNR July 24, 2019