Kuwait's National Industries Group has signed a memorandum of understanding to sell a 29.9 percent stake in Noor Financial Investment Co to an unidentified buyer for 28 million dinars ($99.43 million), the company said on Sunday.
Compared with global trends, many aspects of digital services are under-served in the Middle East region, with many services either absent or immature, said an industry expert.
“Demand in the region for new services –
Qatar First Investment Bank (QFIB) is eyeing at least five regional equity deals each valued at between $15 million to $60 million and expects to close two to three of those acquisitions this year, its chief executive said.
Noor International Holding, a leading Lebanese real estate development company, has announced the launch of ‘Harissa Elite Residence,’ a major development project that seeks to combine luxury urban living with natural beauty.
Noor Takaful, the Sharia’a compliant insurance brand of Noor Investment Group, has launched the GCC’s first online real-time, web-based, Islamic insurance service.
With a simple click of a mouse, the easy to use online facility allows cust
Noor Takaful, the Islamic insurance arm of Noor Investment Group, has teamed up with Mondial Assistance Group, to launch travel takaful.
The scheme will offer a wide spectrum of support services for contingencies arising during foreign tra
Noor Islamic Bank has topped the 2008 Bloomberg list of leading Sharia’a compliant lead arrangers in the UAE and ranked third on the list of leading Islamic finance Book Runners in the country in its first year of operation.
The ratings we
Noor Dubai, the UAE-born charity initiative focused on preventing and treating low vision and curable forms of blindness around the world, has helped heal more than 11,000 Yemenis of all ages this week at its free cataract treatment camp in the we
Noor Financial Investment Co has urged Kuwait's central bank to "dramatically" cut the discount rate to help the financial sector cope with the global crisis.
The central bank slashed its discount rate by 50 basis points to 3.75 perc
Qatar Telecommunications Company (Qtel) and Kuwait's Noor Financial Investment have bid for Oman's second fixed-line licence, said a magazine report.
Oman's telecoms regulator declined to name the other bidders, according to MEED.