Business & Money | Friday 3 July, 2026 11:25 am

How XM Took Football Season Marketing to the Extreme with a Wide Demo Competition Push

During one of the biggest football moments of the year, XM, also known in the region as XM Arabia, appeared to take a bold, multi-channel marketing approach, blending the energy of global football excitement with the competitive nature of online trading. From LED screen placements across...

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Business & Money | Friday 3 July, 2026 11:05 am

ICD Mobilizes Private Sector Funding for USD 60 Million Shariah-compliant Syndicated Financing Facility for Asakabank

ICD, acting as Mandated Lead Arranger and Bookrunner, has structured and closed a USD 60 million Shariah-compliant Syndicated Financing Facility for Joint Stock Company “Asakabank” (“Asakabank”) of Uzbekistan, with an accordion feature to increase the facility size.The facility is...

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Business & Money | Thursday 2 July, 2026 10:22 am

Retal signs SAR 123.8M deals with ROSHN to develop 163 units in Makkah

Retal Urban Development Co. signed, on July 1, two agreements with PIF-owned ROSHN Group to develop 163 residential units in AlManar Community in Makkah. In a Tadawul statement, the company said the deals value is SAR 123.83 million, noting that they are conditional agreements to purchase and...

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Business & Money | Thursday 2 July, 2026 8:00 am

Saudi Arabia ranks 1st globally in 2026 ICT Development Index

Saudi Arabia has ranked first globally in the 2026 ICT Development Index (IDI) issued by the International Telecommunication Union (ITU). The index evaluates the digital development of 159 economies through a range of indicators grouped under two main pillars, namely universal connectivity and...

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Business & Money | Thursday 2 July, 2026 8:00 am

DP World launches Egypt’s first integrated Logistics Distribution Centre at Sokhna Logistics Park

DP World today announced the launch of Egypt's first fully integrated Logistics Distribution Centre (LDC) at Sokhna Logistics Park, marking a significant milestone in the country’s logistics sector. The new facility enables international companies to access the Egyptian market while serving...

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Business & Money | Thursday 2 July, 2026 8:00 am

Sharjah Chamber, Ethiopian Consul-General explore strengthening economic partnership

The Sharjah Chamber of Commerce and Industry (SCCI) discussed plans to organise reciprocal trade missions between the emirate of Sharjah and the Federal Democratic Republic of Ethiopia. The move aims to strengthen direct business-to-business engagement and expand investment cooperation,...

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Business & Money | Thursday 2 July, 2026 8:00 am

NBQ, Sobha Realty, sing MoU to offer home financing solutions for off-plan projects

National Bank of Umm Al Qaiwain (NBQ) and Sobha Realty have signed a Memorandum of Understanding (MoU) to provide preferential mortgage and financing solutions for customers purchasing off plan residential units across Sobha Realty’s developments. The partnership reflects the commitment...

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Business & Money | Thursday 2 July, 2026 8:00 am

Al Zeyoudi meets President of Uruguay, discusses strengthening economic partnerships with Latin American, Caribbean officials

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, met with President Yamandú Orsi of the Oriental Republic of Uruguay on the sidelines of the UAE's participation in the Mercosur Summit, hosted in Asunción, the capital of Paraguay. During the meeting, Dr. Al Zeyoudi conveyed the...

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Business & Money | Wednesday 1 July, 2026 11:00 am

ICIEC and ICD Pioneer First Joint Syndicated Financing Transaction to Mobilize Islamic Finance and Expand Private Sector Investment in Member Countries

Jeddah - The Islamic Corporation for the Insurance of Investment and Export Credit (“ICIEC”), a Shariah-based multilateral insurer, and the Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the IsDB Group, both members of the Islamic...

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Business & Money | Tuesday 30 June, 2026 3:04 pm

Global Water Organization convenes one year progress meeting during Saudi Water Week

The Global Water Organization (GWO) hosted the Heads of Delegation from its eight founding Member States at the Saudi Water Week, taking place in Jeddah, Saudi Arabia from June 28 to July 2.  Representatives from Greece, Kuwait, Mauritania, Pakistan, Qatar, Saudi Arabia, Senegal and Spain ...

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