Business & Money | Monday 17 November, 2025 2:31 pm

ADNOC listed companies deliver AED9.43 billion net profit in Q3 2025

ADNOC Group’s listed portfolio companies have reported record financial results for the third quarter and first nine months of 2025, reflecting continued strategic execution, operational excellence, and a firm commitment to delivering long-term value to shareholders. The performance highlights...

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Business & Money | Monday 17 November, 2025 2:29 pm

Expo Centre Sharjah, SEIFE discuss joint cooperation

Expo Centre Sharjah engaged in discussions with the Syrian Establishment for International Fairs and Exhibitions (SEIFE) to strengthen cooperation in organising and hosting trade exhibitions and economic events. The meeting focused on opportunities for knowledge exchange and partnership...

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Business & Money | Monday 17 November, 2025 2:26 pm

flydubai inks deal with GE Aerospace for 60 GEnx-1B engines

flydubai, the Dubai-based carrier, and GE Aerospace today announced a new order for 60 GEnx-1B engines to power flydubai’s first widebody fleet of 30 Boeing 787-9. The agreement, signed at the Dubai Airshow 2025, also includes spare engines and a long-term services agreement to support the...

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Business & Money | Monday 17 November, 2025 2:23 pm

'Ajman Chamber' strengthens franchise ecosystem, propelling local brands to scale up

The Ajman Chamber of Commerce and Industry (ACCI) has signed a Memorandum of Understanding (MoU) with Facilitate Middle East Consulting to establish a sustainable service platform that provides comprehensive support, including consulting, operational, and legal services to entrepreneurs and project ...

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Business & Money | Monday 17 November, 2025 2:20 pm

Noatum Maritime, Siemens Energy, Green Parrot Tech sign partnership

Noatum Maritime, an AD Ports Group company, together with Siemens Energy, and Green Parrot Tech FZE (GPT), have signed a partnership agreement to explore opportunities for collaboration in the offshore renewable energy sector. The parties intend to leverage their combined capabilities and...

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Business & Money | Monday 17 November, 2025 2:19 pm

Al Majdiah signs SAR 1B Riyadh real estate deal

Dar Al Majed Real Estate Co. (Al Majdiah) signed an investment agreement on Nov. 13 with Jadwa Fund 47, managed by Jadwa Investment Co., and landowner Abdullah Al-Qassim to participate in the development of a premium mixed-use real estate project in Riyadh. Under the agreement, Al Majdiah ...

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Business & Money | Monday 17 November, 2025 2:11 pm

MIS wins SAR 190.5M project with NCM

Al Moammar Information Systems (MIS) won, on Nov. 16, a project valued at nearly SAR 190.5 million, including VAT, from the National Center for Meteorology (NCM), according to a Tadawul statement. The project is to provide IT system services for all NCM sites, ensuring that all...

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Business & Money | Monday 17 November, 2025 2:04 pm

Major cities need over 1.5M housing units by 2030: Al-Hogail

The Saudi housing market in the five major cities—Riyadh, Makkah, Jeddah, Madinah, and Dammam—will require more than 1.5 million additional residential units by 2030, Minister of Municipalities and Housing Majed Al-Hogail said. Speaking at the Cityscape 2025 Conference, Al-Hogail noted...

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Business & Money | Monday 17 November, 2025 12:00 pm

Masar inks 3 reservation agreements to sell land worth SAR 689.3M

Umm Al-Qura for Development and Construction Co. (Masar) said special purpose vehicles (SPV) of its fully owned development fund signed two reservation agreements to sell land plots within the Masar Destination project for SAR 462.11 million. Alinma First Development Co. Ltd. and Al-Inma...

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Business & Money | Monday 17 November, 2025 12:00 pm

Arabian Drilling renews four Aramco contracts worth over SAR 2B

Arabian Drilling Co. secured extensions for four rig contracts with Saudi Arabian Oil Co. (Saudi Aramco), adding more than SAR 2 billion to its backlog, with durations ranging from five to ten years. In a statement to Tadawul, the company said the renewals will add 30 committed...

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