Business & Money | Sunday 27 July, 2025 11:06 am

du reports a stellar net profit expansion in Q2 2025 with a 25.1% year-over-year growth

 Emirates Integrated Telecommunications Company PJSC (du) reported its financial results for the second quarter of 2025. Continuing the positive momentum established in the first quarter, our revenues increased by 8.6% year-over-year, reflecting strong performance across all business segments...

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Business & Money | Sunday 27 July, 2025 11:03 am

Wipro Wins Multi-Year “Smart Grid” Deal from Saudi Electric Company

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced a multi-year strategic contract from Saudi Electric Company – National Grid SA. Wipro will implement a Smart Meter Data Management (MDM) system for the transmission ...

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Business & Money | Sunday 27 July, 2025 10:58 am

RAKEZ expands wealth planning support for clients through collaboration with Pioneer Asset Management

Ras Al Khaimah Economic Zone (RAKEZ) entered a strategic partnership with Pioneer Asset Management, a leading and independent wealth advisory firm, to enhance the financial planning support available to its clients. Under this agreement, RAKEZ will refer businesses and individuals seeking...

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Business & Money | Sunday 27 July, 2025 10:55 am

Thrilling Conclusion to the Second Edition of the ‘GCC Esports League, presented by Genesis’ Highlights Growth of Regional Esports Ecosystem

The Saudi Esports Federation (SEF) has successfully concluded the electrifying second edition of the GCC Esports League, presented by Genesis, the Korean luxury automotive brand renowned for its commitment to performance, design, safety, and innovation.  Held at the cutting-edge SEF Arena ...

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Business & Money | Sunday 27 July, 2025 9:14 am

Miahona unit signs SAR 210M refinancing deal with ANB

Miahona Co. signed a Shariah-compliant refinancing agreement with Arab National Bank (ANB), for SAR 210 million. The deal was signed through Miahona’s wholly owned subsidiary, Industrial Cities Development and Operations Co. (ICDOC). The deal includes two term financing facilities —...

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Business & Money | Sunday 27 July, 2025 9:00 am

NDF inks SAR 5.5B credit facilities with Riyad Bank, SAB

The National Development Fund (NDF) signed two credit facility agreements with Riyad Bank and Saudi Awwal Bank (SAB), at a value of SAR 5.5 billion. The facilities aim to provide more support for development projects in the Kingdom and enable its 12 development funds and banks to achieve their ...

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Business & Money | Thursday 24 July, 2025 12:01 pm

Naseej Tech inks SAR 18.4M contract with King Khalid University

Naseej for Technology Co. (Naseej Tech) signed on July 23 a contract for the operation and maintenance of eLearning at King Khalid University, at SAR 18.39 million (VAT inclusive). According to a statement to Tadawul, the company pointed out that the project aims to provide professional...

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Business & Money | Thursday 24 July, 2025 11:56 am

Qomel renews SAR 52M credit facility with SNB

Qomel Co. renewed a SAR 52 million Shariah-compliant credit facility with Saudi National Bank (SNB), the company said in a statement to Tadawul. The one-year financing facility was secured on July 23 and will be used to finance various projects. The facility is backed by a promissory note ...

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Business & Money | Thursday 24 July, 2025 11:52 am

Al-Falih inaugurates SAR 375M Al-Jawhara Tower project in Syria

Minister of Investment Khalid Al-Falih laid the foundation stone for Al-Jawhara Tower project in the Syrian capital, Damascus, with a total investment exceeding SAR 375 million. Al-Jawhara Tower is a fully integrated real estate development that combines business, hospitality, and retail...

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Business & Money | Thursday 24 July, 2025 11:42 am

UAB, Lune partner to deliver AI-powered, personalised banking experiences

United Arab Bank (UAB) has announced a strategic partnership with Lune, a leading UAE-based fintech company specialising in AI-driven transaction enrichment and financial data analytics solutions. This collaboration is set to enhance UAB’s upcoming mobile banking experience by delivering...

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