Nuvias Appointed a Pan-EMEA Distributor for Juniper Networks

London -- Nuvias has been appointed as a pan-EMEA distributor for Juniper Networks’ full range of high-performance networking, security, data centre and cloud solutions. High-value distribution … [Read more...]

UAE consumer spending forecast to exceed USD 261 billion in 2021: analysis

Dubai, UAE -- Dubai Chamber analysis predicts a CAGR of 7.5% in UAE consumer spending over the next 5 years - Housing identified as top spending category in 2016, accounting for 41% of total … [Read more...]

Abu Dhabi Global Market successfully closed 2nd batch of FinTech RegLab applications

Abu Dhabi, UAE -- Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has successfully closed the application for its second cohort of the ADGM FinTech Regulatory … [Read more...]

Access World to build a 3PL facility in Jebel Ali Free Zone

Dubai, UAE -- Access World Logistics L.L.C., a joint-venture between U.A.E. based Rais Hassan Saadi (RHS) Group and Switzerland-headquartered Access World Group (Access World) organized a … [Read more...]

Regional banks urged to consider assurance of capital numbers

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged banks in the Middle East to follow its newly published framework for assuring bank capital numbers. The framework aims to … [Read more...]

King Salman appoints commissions to develop Al-Ola and Diriyah Gate

Jeddah, Saudi Arabia -- King Salman bin Abdulaziz has decreed the establishment of renovation commissions tasked with the development of two of the most important archaeological and historic sites in … [Read more...]

Saudi Aramco and Jacobs create Joint Venture for Social Infrastructure Program Management

Saudi Arabia -- Saudi Aramco entered into an agreement today with Jacobs (NYSE:JEC) to form a Saudi Arabia-based joint venture company to provide professional program and construction management … [Read more...]

Al Baraka Banking Group achieved operating income of US$ 249 mn

Bahrain -- The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it achieved a total operating income of US$ 249 million during the first quarter of 2017 … [Read more...]

Aldar awards AED 1.7 billion development contract for Yas Acres

Abu Dhabi, UAE -- Aldar Properties PJSC (‘Aldar’), Abu Dhabi's leading listed property development, investment and management company, has appointed Trojan General Contracting as the main contractor … [Read more...]

Q1 2017 M&A deal value increased 61.8 per cent

· Middle East M&A benefits from US investment in Industrials & Chemicals sector · Two major deals led M&A deal value to reach eight year high of US$ 5.5 billion · Overall Q1 2017 deal … [Read more...]

Bloom Properties key projects

Abu Dhabi, UAE -- Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, has provided investors and home buyers with updates of the … [Read more...]

GCC risk premiums will rise as credit downgrades continue, says Fisch Asset Management

-          Risk premiums will rise as GCC credit ratings continue to suffer downgrades -          GCC central banks are expected to follow the recent US Fed rate hike -          Sovereigns continue … [Read more...]

Etisalat AGM approves 80 fils per share dividend for 2016

Etisalat’s shareholders today backed the board’s recommendation to pay full 2016 dividends of 80 fils per share during the annual general meeting held at the company’s headquarters in Abu Dhabi. Key … [Read more...]

HH Sheikh Mohammed bin Rashid Al Maktoum Inaugurates Second Phase of the Mohammed bin Rashid Al Maktoum Solar Park

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has inaugurated the 200 megawatt (MW) second phase of the Mohammed bin Rashid Al Maktoum Solar … [Read more...]

ADIB’s shareholders approve cash dividends of 24.52% for fiscal year 2016

Shareholders of Abu Dhabi Islamic Bank (ADIB) have approved the distribution of 24.52% cash dividends for 2016 at the bank’s Annual General Meeting (AGM) held on Sunday 2nd April 2017. The cash … [Read more...]

Heavy oil reserves are targets waiting to be extracted

Strategic investments will play a pivotal role in enabling the recovery of a widely abundant yet complex energy resource that can potentially extend the life expectancy of hydrocarbon supplies, … [Read more...]

DEWA hosts conference for qualified bidders on 200MW of the Mohammed bin Rashid Al Maktoum Solar Park

Dubai Electricity and Water Authority (DEWA) hosted a conference for international developers who have been qualified to submit tenders for the 200MW Concentrated Solar Power (CSP) plant based on the … [Read more...]

ETFGI reports assets invested in active ETFs/ETPs listed globally reached a new record high of 47 billion US dollars at the end of February 2017

London – ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in active ETFs/ETPs listed globally reached a new record … [Read more...]

Sloanes ready to hand over Bayat Plaza to investors by Q4

Jeddah - Sloanes Real Estate Brokers, a subsidiary of the SABBAN Group of Companies, has announced that its iconic residential twin-towers, Bayat Plaza, is now 90% complete and on schedule for handing … [Read more...]

Bahrain’s GFH appoints Shaikh Ahmed bin Khalifa Al-Khalifa as new Chairman of the board

Manama, Bahrain – GFH Financial Group (“GFH” or “the Group”) announced today that it has convened its first meeting in Abu Dhabi last Thursday for its new Board of Directors, whose appointment was … [Read more...]