SES seeks merger with Intelsat
Business
Aramco JV HAPCO breaks ground
Business
ADNOC makes logistics push
Business
QatarEnergy, Shell sign agreement
QatarEnergy will supply 18m barrels of crude oil per year to Shell.
Business
Savola to pay $93m in dividends
Business
Al Rajhi to issue sukuk
Business
ADNOC signs ammonia pact
Business
MBRSC, e& enterprise ink MoU
Business
WeDeliver raises $2.4 million in pre-Seed round
This is the largest pre-Seed round for a Saudi-based startup and the third-largest in Mena region.
EITC’s Q2 net increases 11.4% to AED240m
Dubai-based company's capital expenditures stood at AED649 million during the quarter.
Dusit debuts in Oman with 252-unit deluxe resort
The dusitD2 Naseem Resort is the first Dusit-branded hotel in Oman 's Jabal Akhdar.
Samana expands sales team with new GM
Samana also increases its sales workforce by 55% and doubles its sales revenue in 2021.
Hugh Fraser forms new alliances in UAE, Egypt
Clients of HFI will be supported by Al Suweikat and Al Busaies Law Office in Al Khobar.
Former Saudi minister to head IDB
Former Saudi economy and planning minister Mohammed Sulaiman Al-Jasser will head the bank.
Standard Chartered appoints CEO for Saadiq
Khurram Hilal brings over 20 years of Islamic banking experience to the CEO position.
Ipsen expands into MEA with UAE headquarters
The French pharmaceutical firm has inaugurated its new regional headquarters in Dubai.
Audi Middle East H1 sales rise 37%
Audi Middle East has posted a 37% increase in sales in the first half of 2021.
Sharjah Islamic Bank’s profit rises 25.6% in H1
Sharjah Islamic Bank's operating profit increases 25.6% to AED 417.3 million in the first six months
Company News
Petrofac shares surge
Business
SES seeks merger with Intelsat
Business
Aramco JV HAPCO breaks ground
Business
ADNOC makes logistics push
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Alibaba to split into six groups
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Savola to pay $93m in dividends
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Al Rajhi to issue sukuk
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ADNOC signs ammonia pact
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Dar Al Arkan issues sukuk of $600m
issuance is the ninth tranche Sukuk program in US dollars.
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Business
OQGN inks $1.2bn financing deal
Deal will provide firm access to capital in dual currencies.
- OQGN is the exclusive operator of the natural gas transportation network in Oman.
- This is considered one of the largest syndicates of Sharia-compliant financing in Oman.
Business
ADNOC L&S buys VLCC
Firm has committed $2 billion for more such carriers.
- The very large crude carrier is a four dual-fuel engine ship – which can also run on liquefied natural gas.
- The carriers, which can carry up to 2 million barrels of crude per voyage, were built in South Korea.
Business
ACWA to get land for Egypt wind project
The Saudi energy developer will be allocated 3,000 sq km of land.
- Once operational, the wind farm is expected to produce approximately 50,000 gigawatt-hours of clean energy annually.
- It will provide electricity to around 11 million households and significantly reduce carbon emissions by 25.5 million tons per year.