Business & Money | Sunday 19 October, 2025 2:43 pm

Almajed Oud executes SAR 200M Islamic facility agreement with Al Rajhi Bank

Almajed Oud Co. activated on Oct. 16 a Shariah-compliant credit facility agreement inked with Al Rajhi Banking & Investment Corporation for SAR 200 million, according to a statement to Tadawul. The 12-month, renewable deal is guaranteed by a forward-sale agreement and a promissory...

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Business & Money | Sunday 19 October, 2025 2:41 pm

11th Pre-Owned Boat Show in Dubai to kick off with yachts, boats worth over AED200 million on display

The 11th edition of The Pre-Owned Boat Show in Dubai is all set to take place at Dubai Creek Marina from October 31st to November 2nd, 2025, under the theme “A Boat for Everyone.” More than 50 local, regional, and international brands will take part in the event this year, as the show will ...

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Business & Money | Sunday 19 October, 2025 2:39 pm

'Ministry of Climate Change', IBM to develop AI solutions for enivornment

The Ministry of Climate Change and Environment (MoCCAE) has signed a cooperation agreement with IBM, a global leader in hybrid cloud and AI, to develop and implement AI-driven capabilities in alignment with the ministry’s digital transformation strategy, while supporting the objectives of Zero...

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Business & Money | Sunday 19 October, 2025 2:31 pm

UAE strengthens global leadership in cloud investments, data centre projects

The UAE is witnessing a major boom in data centre and cloud infrastructure projects, driven by the acceleration of government digital transformation and the widespread adoption of artificial intelligence technologies, reinforcing its position as a leading regional hub for cloud infrastructure and a ...

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Business & Money | Sunday 19 October, 2025 2:29 pm

Dubai International Chamber launches its first Eastern Europe representative office in Poland

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has officially opened its first representative office in Eastern Europe in Poland’s capital city, Warsaw. The strategic move reflects the chamber’s commitment to strengthening economic...

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Business & Money | Sunday 19 October, 2025 12:58 pm

BSF plans to redeem SAR 5B sukuk

Banque Saudi Fransi (BSF) announced plans to redeem its additional Tier 1 capital sukuk worth SAR 5 billion, on Nov. 3, 2025, in full, at face value. In a statement to Tadawul, the bank said that the sukuk were issued on Nov. 3, 2020, in the aggregate face amount of SAR 5 billion, qualifying...

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Business & Money | Sunday 19 October, 2025 12:49 pm

ACWA Power, SEC reach financial close for SAR 10.8B Qurayyah IPP

Saudi Electricity Co. (SEC) and ACWA Power Co. said that Hajar Two Electricity Co., the Project Company, achieved financial close on the 3,010-megawatt (MW) Qurayyah Combined-Cycle Gas Turbine (CCGT) Independent Power Plant (IPP) expansion project in the Eastern Province of Saudi Arabia. In...

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Business & Money | Sunday 19 October, 2025 12:46 pm

du’s Internet Exchange, UAE-IX hits record-breaking peak traffic at 1 terabit per second, leading Internet Exchanges in the Middle East

 du, the leading telecom and digital services provider, today announced, through its datamena ecosystem platform, together with DE-CIX, the global leader in Internet Exchange (IX) operations, announced a major milestone for UAE-IX. The leading Internet Exchange in the Middle East has reached a ...

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Business & Money | Sunday 19 October, 2025 12:44 pm

ALMARAI, SHAHID & MMS REDEFINE BRAND STORYTELLING WITH MULTIDIMENSIONAL CONTENT INTEGRATION

In a groundbreaking demonstration of how brands can seamlessly live across multiple layers of content, Almarai, in partnership with Shahid and MBC Media Solutions (MMS), redefined brand integration with a multidimensional strategy— evolving for the first time ever from simple product placement to ...

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Business & Money | Sunday 19 October, 2025 12:34 pm

Automechanika Dubai Awards 2025 reveals finalists driving industry innovation and excellence

The fifth edition of Automechanika Dubai Awards has announced its 2025 finalists, celebrating individuals, products and organisations redefining excellence, innovation, and leadership across the Middle East’s automotive aftermarket and service industry sector. Among this year’s highlights...

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