DUBAI / WAM Dubai Clear, a subsidiary of the Dubai Financial Market (DFM), and the Securities Clearing Centre Company “Muqassa”, a subsidiary of Saudi’s Tadawul group, signed a memorandum of cooperation, creating a broad framework to strengthen collaboration and share knowledge on central clearing services as well as to actively explore ways of enhancing these services in line with ...

  Abu Dhabi / WAM International Holding Company (IHC) on Thursday announced the acquisition of a 50% stake in Turkish clean energy market leader “Kalyon Enerji” for AED1.8 billion through its subsidiary International Energy Holding. Kalyon Enerji is owned by the giant Turkish group Kalyon Holding, which operates in the Construction, Energy and Aviation industries. In this transaction, IHC’s subsidiary, ...

  Dubai / WAM Aramex on Thursday announced its financial results for the first half ending June 30. The company reported revenues of AED2.97 billion, while the net profit stood at AED91.9 million. On a group level, GP margins remained stable over both Q2 and six-month periods, driven by accelerated growth in the Logistics and freight-forwarding business and efficiencies in ...