Akasa Air commences operations from Riyadh, Saudi Arabia

Akasa Air commenced operations from Riyadh, connecting it to Mumbai with daily direct flights. The inaugural flight on 15th June 2024 departed Chhatrapati Shivaji Maharaj International Airport in Mumbai

NNR June 16, 2024

MENA

AGWA and Believer Meats collaborate to boost cultivated meat industry in Abu Dhabi

The collaboration aims to develop capabilities in cultivated meat and establish a presence in Abu Dhabi, leveraging the Emirate's strategic location and resources for growth

NNR June 16, 2024

MENA

Omorfia Group has acquired The Grooming Company Holding from CedarBridge Capital Partners

ABU DHABI, UAE: Omorfia Group, the beauty anchor majority owned by Multiply Group, has successfully acquired 100% ownership of The Grooming Company Holding (TGCH), a premier provider of salon and…

NNR June 12, 2024

MENA

ADNOC and Alpha Dhabi JV Enersol to acquire 42.206% stake in Gordon Technologies for $270 million

ABU DHABI, UAE: ADNOC Drilling Company and Alpha Dhabi Holding announced their joint venture Enersol RSC LTD has agreed to acquire an additional 42.206% equity stake in Gordon Technologies LLC…

NNR June 11, 2024

MENA

Zand Bank and MANTRA sign collaboration

DUBAI: Zand Bank PJSC, the digital bank licensed by the Central Bank of the UAE, and MANTRA, an RWA-focused Layer 1 blockchain, have signed a Memorandum of Understanding (MOU) to…

NNR June 6, 2024

MENA

Emaar announces AED 1.5 billion expansion of Dubai Mall

DUBAI: Emaar Properties has announced a monumental expansion of Dubai Mall, which will include 240 new luxury stores and food and beverage outlets. This project represents an investment of 1.5…

NNR June 3, 2024

MENA

International Islamic Trade Finance Corporation signs mutual business cooperation with Qatar Development Bank

DOHA: The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and Qatar Development Bank (QDB) have announced the signing of a Memorandum of Understanding (MoU) to bolster mutual business cooperation. The…

NNR June 3, 2024

MENA

Saudi Arabia’s low-cost airline, flyadeal orders 51 aircraft in landmark Airbus deal

RIYADH, KSA: flyadeal, one of the youngest and fastest growing low-cost airlines in the Kingdom of Saudi Arabia and the Middle East, today announced a landmark order for 51 narrowbody…

NNR May 29, 2024

MENA

Gulf Land announces luxury residences in Dubai in partnership with Tonino Lamborghini Group

Dubai, UAE: Gulf Land Property Developers recently announced its collaboration with Tonino Lamborghini Group to develop an upscale residential community in the heart of Dubai. This distinctive development will bear…

NNR May 15, 2024

MENA

ADNOC Logistics and Services posts 34% increase in net profit in Q12024

ABU DHABI, UAE: ADNOC Logistics and Services plc (ADNOC L&S), a global energy maritime logistics announced its Q1 2024 financial results. For the first quarter of 2024, ADNOC L&S delivered…

NNR May 8, 2024

MENA

Dana Gas reports decline in earnings in Q12024

SHARJAH, UAE: Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, announced today its financial results for the quarter ended 31 March 2024. For the first…

NNR May 8, 2024

MENA

Dubai Taxi Company reports 16% revenue growth in Q1 2024

Dubai, UAE - Dubai Taxi Company PJSC (DTC), the premier mobility solutions provider in Dubai, has released its financial results for the first quarter of 2024, showcasing a continuation of…

NNR May 8, 2024