Business & Money | Friday 6 June, 2025 1:37 am

Port of NEOM welcomes first automated cranes

Port of NEOM, the integrated logistics hub in Oxagon, received the first batch of fully automated, remote-controlled ship-to-shore (STS) and electric rubber-tyred gantry (eRTG) cranes. The equipment is first-of-its-kind to deploy in Saudi Arabia and will significantly accelerate handling...

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Business & Money | Friday 6 June, 2025 1:34 am

Saudi Arabia, UAE top investors in high-quality office fit-outs: JLL

Saudi Arabia and UAE rank among the top countries globally in terms of investment in high-quality office fit-outs, a recent study by JLL revealed. The average cost in both countries exceeds $2,400 per square meter, well above the global average of $1,830, as workplaces increasingly become a...

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Business & Money | Friday 6 June, 2025 1:33 am

Asian firms in talks to list shares on Tadawul: Al-Rumaih

Several Asian companies are currently in talks to list their shares on the Saudi Exchange (Tadawul), CEO Mohammed Al-Rumaih told Reuters. These companies are evaluating opportunities to tap into the Kingdom’s diverse investor base, as Saudi Arabia is considering a new listing framework aimed ...

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Business & Money | Friday 6 June, 2025 1:12 am

Derayah Financial: D360 Bank EGM OKs 27% capital hike to SAR 2.1B via SAR 450M rights issue

Derayah Financial Co. stated that the extraordinary general meeting (EGM) of D360 Bank, in which the company holds a 20% stake, approved increasing capital by 27% from SAR 1.65 billion to SAR 2.1 billion.   This is through the issuance of 45 million rights shares, at SAR 10 each,...

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Business & Money | Wednesday 4 June, 2025 1:01 pm

Armenia Stock Exchange joins 'Tabadul' platform

Abu Dhabi Securities Exchange (ADX) announced that the Armenia Stock Exchange (AMX) has officially gone live on the Tabadul platform, becoming the sixth market to join the region’s first-of-its-kind mutual market access platform. Tabadul was launched by ADX in July 2022 as the region's first ...

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Business & Money | Wednesday 4 June, 2025 12:59 pm

UAE maintains IAEA’s Broader conclusion for 3rd consecutive year; showcases commitment to peaceful nuclear energy

For the third consecutive year, the United Arab Emirates has received the International Atomic Energy Agency's (IAEA) "Broader Conclusion" in the IAEA's 2024 Safeguards Implementation Report, the highest level of assurance granted by the Agency. This recognition affirms that all declared...

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Business & Money | Wednesday 4 June, 2025 12:57 pm

Etihad celebrates first flights to Prague, Warsaw

Etihad Airways is celebrating the launch of flights to two new destinations in Central Europe – Prague and Warsaw. On Monday 2nd June, the UAE’s national airline operated its inaugural flight to the enchanting Czech capital Prague, one of 16 new destinations the airline will add this year. ...

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Business & Money | Wednesday 4 June, 2025 12:56 pm

EDGE signs record-breaking AED9 billion naval contract with Kuwait Ministry of Defence

EDGE, one of the world’s leading advanced technology and defence groups, has announced the signing of a major AED9 billion (US$2.45 billion) defence contract with the Kuwait Ministry of Defence for the supply of FALAJ3 62-metre missile boats. This contract marks the largest naval...

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Business & Money | Wednesday 4 June, 2025 12:52 pm

Kuwait Real Estate, IFA sign AED198 million agreement to develop Al Tay Hills Project

Kuwait Real Estate Company, in collaboration with its subsidiary IFA Hotels and Resorts, has signed a contract with Darwish Engineering, one of the UAE’s leading construction firms, to execute infrastructure works for the Al Tay Hills residential project in Sharjah, with a total value of AED198...

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Business & Money | Wednesday 4 June, 2025 12:25 pm

SNB completes SAR 1.73B sukuk issue

Saudi National Bank (SNB) announced completing the issuance of SAR-denominated additional Tier 1 sukuk worth SAR 1.73 billion. The sukuk issue was settled on June 3, the lender said in a statement to Tadawul. Sukuk Issue DetailsOffer TypeSAR-denominated additional Tier 1 sukukOffer...

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