Business & Money | Tuesday 18 February, 2025 1:03 pm

UAE hosts Strategic Financial Dialogue with Russia to strengthen financial, investment cooperation

The UAE, represented by the Ministry of Finance, hosted the UAE-Russia Strategic Financial Dialogue in Abu Dhabi today. The forum aimed to strengthen cooperation across various financial and economic sectors of mutual interest and to discuss best practices in budget preparation, public-private ...

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Business & Money | Tuesday 18 February, 2025 12:57 pm

ADNOC Distribution, TotalEnergies mark two-year anniversary of TEME joint venture in Egypt

ADNOC Distribution and TotalEnergies are celebrating two years of successful partnership in Egypt at this year’s Egypt Energy Show (EGYPES) with a co-branded booth that showcases the partnership’s role in strengthening Egypt’s energy infrastructure. In 2023, ADNOC Distribution acquired...

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Business & Money | Tuesday 18 February, 2025 11:15 am

HONOR Announces Its Participation at MWC 2025

Global technology brand HONOR announced its participation at MWC 2025 and is set to make a major announcement at this year’s Mobile World Congress (MWC) in Barcelona, with a keynote presentation on Sunday, March 2, 2025, where HONOR will introduce the "HONOR ALPHA PLAN", the brand’s new...

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Business & Money | Tuesday 18 February, 2025 10:38 am

BinDawood Holding acquires Zahrat Al Rawdah; deal value changed to SAR 441.1M

BinDawood Holding Co. completed its acquisition of 100% of Zahrat Al Rawdah Pharmacies LLC for SAR 441.1 million, the company announced in a statement to Tadawul. The final price was reduced from the initially reported figure, according to the share purchase agreement. All...

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Business & Money | Tuesday 18 February, 2025 10:33 am

ACWA Power pens SAR 8.6B deal for Egypt's Hurghada wind project

Saudi Minister of Energy Prince Abdulaziz bin Salman announced that ACWA Power Co. signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Co. for a 2-gigawatt wind energy project in South Hurghada. The project, the largest of its kind in Egypt, is...

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Business & Money | Tuesday 18 February, 2025 10:31 am

NWC lifts Riyadh’s Heet plant capacity to 400,000 m3/day at SR 387m+

The National Water Company (NWC), represented by its Central Cluster, has completed the implementation of the third phase of the wastewater treatment plant (STP) south of the capital, Riyadh. This is part of the company’s ongoing efforts to strengthen infrastructure in the environmental services...

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Business & Money | Tuesday 18 February, 2025 10:27 am

Msheireb Properties Announces 2025 Innovation in Design Awards in Partnership with Fast Company Middle East

Msheireb Properties announced the 2025 Innovation in Design Awards, a prestigious initiative in partnership with Fast Company Middle East that champions creativity, innovation, and sustainability in design and architecture. With an expanded list of categories, the second annual awards will...

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Business & Money | Tuesday 18 February, 2025 9:19 am

MAESTRAL, the EDGE-Fincantieri Joint Venture, to be awarded €500 million UAE Navy Support Contract

 EDGE, one of the world’s leading advanced technology and defence groups, and Fincantieri, one of the world’s leading groups in high-complexity shipbuilding, announced today that MAESTRAL, their Abu Dhabi-based shipbuilding joint venture, will be awarded a major ‘In-Service Support...

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Business & Money | Tuesday 18 February, 2025 9:15 am

ASB Capital Launches in the DIFC Bridging Regional and Global Markets

ASB Capital, a purpose-driven asset management firm licensed by the Dubai Financial Services Authority (DFSA), has commenced operations in the Dubai International Financial Centre (DIFC) with a starting AUM of $4.5 billion. The firm is set to offer a diverse portfolio of wealth and asset management ...

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Business & Money | Tuesday 18 February, 2025 9:13 am

Abu Dhabi to further enhance trade and investments with China

The Abu Dhabi Department of Economic Development (ADDED) is leading the emirate’s economic delegation to China as part of ongoing efforts to further strengthen partnerships with leading economies and cement Abu Dhabi’s stature as global magnet for talent, businesses, and investments. With...

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