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$500m deal to implement Oman–Gulf electricity interconnection projectThe GCC Interconnection Authority (GCCIA) and Sohar International Bank have signed a $500 million interim financing agreement to support the implementation of a direct electricity interconnection project linking the authority’s grid with that of Oman. Th More… |
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Adnoc shifts stakes in its listed firms to company's XRG unitAbu Dhabi National Oil Company (Adnoc) announced on Thursday that it will transfer its equity stakes in its listed companies to XRG (XRG), Adnoc’s wholly-owned international energy investment company. Adnoc will continue to retain control and ultimate ow More… |
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Rasmal Ventures invests in logistics tech firm NEXXRasmal Ventures, a Qatar-based leading venture capital fund with backing from the Qatar Investment Authority (QIA), has announced its investment in NEXX, a Hong Kong and Qatar-based AI-driven logistics technology company. The announcement was made during the 1 More… |
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NBB appoints Bassam Al Tattan as Head of Private BankingNational Bank of Bahrain (NBB) has appointed Bassam Al Tattan as Head of Private Banking. Bassam brings with him over 17 years of experience in the financial services sector across the GCC. Prior to joining NBB, Bassam held various senior roles within Ahli Uni More… |
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Dar Global achieves key London Stock Exchange milestoneDar Global, a Saudi-born international luxury real estate developer, has announced the completion of its transfer of ordinary shares from the Equity Shares (Transition) category to the Equity Shares (Commercial Companies) category of the Official List of the UK Financial Conduct Authority (FC More… |
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Saudi Arabia approves crowdfunding via capital market institutionsSaudi Arabia's Capital Market Authority (CMA) board has approved the regulatory framework enabling capital market institutions licensed for "arranging" activities to offer debt instruments in the sukuk and debt market through securities crowdfunding platforms. More… |
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Arcapita acquires US parking lot maintenance group C&K PavingArcapita Group Holdings Limited (Arcapita), the global alternative investment firm, has announced that it has acquired a majority equity stake in C&K Paving (C&K), one of the leading providers of parking lot maintenance services in the United States. More… |
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Sicomin to showcase key epoxy resin products at Dubai expoSicomin, a leading global epoxy resin specialist and supplier of advanced composite materials, has announced that it will be showcasing a comprehensive range of its products in co-ordination with its UAE distributor Modest Marketing at the upcoming MECAM Expo 2025 in Dubai. More… |
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Al Salam Bank signs strategic deal with Denodo, NAIB ITAl Salam Bank, a leading financial institution in Bahrain, has signed a strategic deal with Denodo, a global leader in data management, AWS and NAIB IT, a Bahrain-based systems integrator known for delivering high-impact technology solutions across banking, government, public sector, and ente More… |
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Sobha Realty issues its largest ever $750m green sukukSobha Realty, a leading global luxury real estate developer, has announced the successful issuance of its inaugural $750 million green sukuk. This landmark transaction, the largest in the company's history and the largest Green Sukuk by a real estate More… |
