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Qatar Islamic Bank signs financing agreement
DOHA: Qatar Islamic Bank (QIB) has has signed a long-term financing agreement with Barwa Real Estate company, in the amount of QAR 600 million. The purpose of the agreement is…
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Orascom Construction, Siemens to build Egypt’s first high-speed rail system
The first high-speed line will stretch across 460km and has an order value of around USD 3 billion. DUBAI, UAE: Orascom Construction PLC has signed, together with Siemens Mobility and…
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GFH Financial Group acquires Hidd Mall
DUBAI: GFH Financial Group would like to announce thatit has acquired 80% alongside the stake of a strategic partner of Hidd Mall. The 46,000 m2 mall, located in the fast-growing…
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MYTILINEOS and INWASTE to construct treatment plant for hazardous waste in Greece
ATHENS: MYTILINEOS S.A. announced the signing of an agreement through its subsidiary ZEOLOGIC S.A., with INWASTE S.A., for the design, supply and construction of an innovative treatment plant for Hazardous…
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Al Ramz Capital and Foodco National Foodstuff sign liquidity providing agreement
DUBAI: Foodco National Foodstuff PJSC, a subsidiary of Foodco Holding PJSC, appointed Al Ramz Capital LLC as a liquidity provider for its shares following the approval of Abu Dhabi Securities…
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Tabreed Energy Services signs strategic partnership with ADCP to promote energy conservation
ABU DHABI: Tabreed Energy Services, a wholly owned subsidiary of Tabreed, established a strategic partnership with Abu Dhabi Commercial Properties (ADCP) to increase energy efficiency across a number of their…
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BH Mubasher signs MoU with Osool ESB Securities in Egypt
DUBAI: BH Mubasher Financial Services PJSC signed a Memorandum of Understanding (MOU) with Osool ESB Securities Brokerage , a public company listed in Egypt that provides Stock brokerage and trading…
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Tele2 partners with Nokia for 5G core deployment in Sweden and the Baltics
The deployment is expected to start during 2021. STOCKHOLM: Tele2 AB has chosen Nokia as partner for the deployment of its 5G core network. Nokia’s cloud infrastructure and mobile applications…
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Fahim Al Shehhi becomes CEO of Islamic Arab Insurance Company
DUBAI: Fahim Al Shehhi has been appointed as the new Chief Executive Officer of Islamic Arab Insurance Company (SALAMA) effective from January 13, 2021. Parvaiz Siddiq has, for personal reasons,…
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SHUAA-led consortium buys out AED 1.13 billion debt of Dubai-based Stanford Marine Group
SMG balance sheet successfully restructured with SHUAA’s debt buyout deal; the transaction provides cash recovery to lenders and saves more than 1,800 jobs UNITED ARAB EMIRATES: SHUAA Capital has successfully…
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Shell and K-Electric to explore possibility of electric vehicle charging stations
KARACHI: Playing an active part in the government’s aim to promote the use of Electric Vehicles, Shell Pakistan Limited (SPL) and K-Electric Limited (KE) have signed a Memorandum of Understanding…
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Appear Inc launching graphene battery-powered 5G smartphone
SAN FRANCISCO: Appear Inc. announced the launch of the world’s lightest and first graphene battery-powered smartphone with innovative water-resistant technology. There is already a lot of interest in this smartphone.…