Aramex appoints Thomas Kipp as new Chief Operating Officer

DUBAI: Aramex, a leading global provider of comprehensive logistics and transportation solutions, announced the appointment of Thomas Kipp as the Company’s new Chief Operating Officer (COO). Mr. Kipp brings over…

NNR October 27, 2020

Union Properties pays AED 70 million to its largest lender

DUBAI: Union Properties PJSC, the iconic real estate developer with a portfolio of diversified subsidiaries, has announced the successful completion of AED 70 million payment towards its largest lender. This…

NNR October 26, 2020

Al Mal Capital REIT receives SCA Approval for IPO on Dubai Financial Market

DUBAI: Al Mal Capital announced today that it has received the Securities and Commodities Authority of the UAE (SCA) approval to float its newly founded entity, Al Mal Capital REIT,…

NNR October 26, 2020

Huawei announces Q3 2020 business results

BEIJING: Huawei announced its business results for the first three quarters of 2020. During this period, Huawei generated USD98.57 billion in revenue, an increase of 9.9% over the same period…

NNR October 25, 2020

Emirates celebrates 35 years of connecting Pakistan to the world

Since its first flight in 1985, Emirates has carried more than 28 million passengers to and from Pakistan. KARACHI: The first Emirates flight took off on 25 October 1985 from…

NNR October 25, 2020

Saudi Arabia and International Telecommunication Union sign MoU to support AI for sustainable development efforts

Saudi Arabia will support ITU in developing projects, activities and initiatives to facilitate greater multi-stakeholder participation, international cooperation, and knowledge sharing. RIYADH, SAUDI ARABIA: Saudi Arabia, represented by the Saudi…

NNR October 23, 2020

SHUAA Capital successfully prices $150 million bond issuance

DUBAI: SHUAA Capital, the leading asset management and investment banking platform in the region, announces that it has successfully priced a USD 150 million bond issuance. The bond priced with…

NNR October 22, 2020

Pioneer Natural Resources agrees to $4.5 billion acquisition of Parsley Energy

AUSTIN: Pioneer Natural Resources Company and Parsley Energy Inc. have entered into a definitive agreement under which Pioneer will acquire all of the outstanding shares of Parsley in an all-stock…

NNR October 21, 2020

BASF and GO Pakistan sign MoU for research-based collaboration for the automotive industry

GO will use BASF’s wide range of additives for conventional fuel to reduce fuel consumption and emissions. KARACHI: BASF has entered a partnership with Gas and Oil (GO) Pakistan to…

NNR October 20, 2020

Emirates NBD posts net profit of AED 5.6 billion

DUBAI: Emirates NBD, a leading banking group in the region, delivered a net profit of AED 5.6 billion in the first nine months of 2020, a news release said. Net…

NNR October 20, 2020

Ahli United Bank launches Bahrain Trade under its AUB Trader Platform

BAHRAIN: Ahli United Bank Bahrain (AUB), has announced the launch of Bahrain Trade under its AUB Trader Platform by adding Bahrain Bourse under the list of electronic markets available on…

NNR October 18, 2020

Amanat Holdings invests $5.0 million in US-based EdTech company BEGiN

The acquisition is Amanat’s first ever venture capital investment and is in line with Amanat’s strategic goals to invest in rapidly-growing education and healthcare technology players. DUBAI: Amanat Holdings PJSC…

NNR October 18, 2020