Business & Money | Tuesday 20 May, 2025 7:54 am

Aramco publishes sustainability report for 2024

Saudi Aramco announced, in its Sustainability Report for 2024 that it aims to achieve net-zero greenhouse gas emissions for scopes 1 and 2 across all its wholly-owned and operated assets by 2050.The company said that it has set a new interim target to reduce the carbon intensity of its upstream...

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Business & Money | Tuesday 20 May, 2025 7:52 am

FAB first in MENA to adopt Oracle-Mastercard virtual card solution for B2B finance payments

First Abu Dhabi Bank (FAB) is the first bank in the Middle East and North Africa (MENA) to pilot an innovative embedded finance and payments solution developed in partnership with Oracle and Mastercard. This collaboration combines the strengths of the two industry leaders to revolutionize...

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Business & Money | Tuesday 20 May, 2025 7:51 am

ADNOC, Tawazun Council partner to strengthen collaboration in key sectors

ADNOC and Tawazun Council have signed a framework agreement to strengthen strategic collaboration in key sectors in the UAE. The agreement will enable Tawazun Council to focus on its core mandate by receiving comprehensive logistical and operational support from ADNOC. The agreement was signed at...

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Business & Money | Tuesday 20 May, 2025 7:48 am

NMDC LTS, Jiangsu Huaying Valves announce MoU to explore establishment of valve facility in UAE

NMDC LTS, a business vertical of NMDC Group, a global leader in engineering, procurement, construction (EPC), and marine dredging (Abu Dhabi Securities Exchange: NMDC), has announced the signing of an MoU to explore the establishment of a Joint Venture with Jiangsu Huaying Valves Co. Ltd at the...

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Business & Money | Tuesday 20 May, 2025 7:46 am

Innovest Holding, OXON Technologies forge strategic partnership to power UAE’s clean energy future

Innovest Holding LLC, a leading sustainable technologies investment firm based in Abu Dhabi, today announced a landmark strategic partnership with Nevada-based energy solutions innovator OXON Technologies. This collaboration marks a significant step forward in pioneering the next generation of...

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Business & Money | Tuesday 20 May, 2025 7:43 am

Emirates Development Bank launches AED1 bn Emirates Growth Fund to accelerate growth of UAE-based SMEs

Emirates Development Bank (EDB) today announced the launch of the Emirates Growth Fund (EGF), a transformative AED 1 billion growth equity platform designed to accelerate the scale, resilience, and global competitiveness of UAE-based SMEs. Officially unveiled at the fourth edition of Make it...

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Business & Money | Tuesday 20 May, 2025 7:41 am

PureHealth’s Local Procurement Spend Reaches AED 2.25 Billion, Advancing UAE National In-Country Value Program

As the 2025 edition of Make it in the Emirates gets underway today, PureHealth, the largest healthcare group in the Middle East, announced that its total investment in locally sourced goods and services has now reached AED 2.25 billion. In 2024 alone, the group directed AED 1 billion into the...

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Business & Money | Tuesday 20 May, 2025 7:32 am

1276 nationals apply for Dubai Customs’ training and scholarship programs

Dubai Customs concluded its active participation in the 2025 National Service Career Fair, held at the Dubai Exhibition Centre in Expo City Dubai from 12 to 14 May. The department’s stand attracted significant interest, receiving 1,529 visitors, and 1,276 UAE nationals applied for the training...

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Business & Money | Monday 19 May, 2025 10:50 am

Alinma Bank plans USD-denominated AT-1 sukuk

Alinma Bank plans to issue USD-denominated additional Tier 1 (AT1) sukuk, following a May 5 board resolution authorizing the CEO to take all necessary steps to execute the issuance. In a statement to Tadawul, the bank said the sukuk will likely be issued through a special purpose vehicle...

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Business & Money | Monday 19 May, 2025 10:48 am

Al-Rumayyan expects PIF’s investments in Europe to hit $170B from $85B

Saudi Arabia’s Public Investment Fund (PIF) has deployed $85 billion in Europe between investments and procurements from 2017 to 2024, said Governor Yasir Al-Rumayyan at the FII Priority Summit.  The fund anticipates these investments to grow to $170 billion by...

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