Business & Money | Monday 18 May, 2026 10:13 am

Taiba signs SAR 2.4M agreement to develop, operate 3 hotels in Madinah

Taiba Investments Co. signed final partnership agreement on May 17 with Osool Integrated Real Estate Co. to establish a special purpose vehicle (SPV) with a total investment size of SAR 2.4 billion.Taiba will contribute SAR 300 million to the SPV, which is set to implement the development...

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Business & Money | Monday 18 May, 2026 10:04 am

Dar Al Arkan plans USD-denominated sukuk issuance

Dar Al Arkan intends to issue USD-denominated, Shariah-compliant, fixed-rate, senior unsecured sukuk under Regulation S (Reg S), according to a statement to Tadawul. The real estate developer mandated Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Al Rayan Investment, Arqaam...

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Business & Money | Monday 18 May, 2026 9:56 am

ADPIC SIGNS AGREEMENT WITH TROJAN CONSTRUCTION HOLDING TO ADVANCE NATIONAL TALENT DEVELOPMENT THROUGH BUNAA PROGRAMME

 The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has announced the signing of a strategic agreement with Trojan Construction Holding, to support the implementation of the Bunaa Programme, a long-term initiative aimed at developing the next generation of Emirati professionals within...

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Business & Money | Monday 18 May, 2026 9:50 am

Modon partners with Montage Hotels & Resorts to bring ultra-luxury hospitality brand to Egypt’s Ras El Hekma

Abu Dhabi-based Modon Holding and Montage Hotels & Resorts have announced Montage Ras El Hekma, which will introduce the first branded residences for purchase at Ras El Hekma on Egypt’s Mediterranean coast. This is the first Montage resort in Egypt – supporting the emerging city’s growth...

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Business & Money | Monday 18 May, 2026 9:47 am

Dubai Holding Real Estate and Abu Dhabi Islamic Bank launch integrated Sharia-compliant home financing solutions for customers across Nakheel, Meraas and Dubai Properties

Dubai Holding Real Estate, one of the largest integrated master developers in Dubai, has entered into a strategic partnership with Abu Dhabi Islamic Bank (ADIB) to expand access to Sharia-compliant home financing solutions for eligible customers across Nakheel, Meraas and Dubai Properties. The ...

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Business & Money | Monday 18 May, 2026 9:45 am

TROJAN CONSTRUCTION HOLDING AND ORASCOM CONSTRUCTION FORM JOINT COMPANY “EVERWATER” TO DELIVER LARGE-SCALE WATER INFRASTRUCTURE PROJECTS ACROSS THE REGION

Trojan Construction Holding and Orascom Construction PLC (ADX and EGX: ORAS) have signed an agreement for the establishment of Everwater for Treatment Systems, a 50:50 joint company headquartered in Abu Dhabi, dedicated to delivering EPC and O&M services for large-scale water infrastructure...

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Business & Money | Monday 18 May, 2026 9:23 am

ADPIC Launches Unified Governance Framework to Accelerate Infrastructure Delivery Across Abu Dhabi

The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has announced a new infrastructure governance framework designed to accelerate approvals, strengthen coordination and enhance delivery across Abu Dhabi’s capital project ecosystem.  Announced during the opening day of the Abu...

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Business & Money | Monday 18 May, 2026 9:03 am

Saudi Ports Authority Exports 20,000 Tons of Urea to Bangladesh

The Saudi Ports Authority (Mawani) announced today the departure of a new export shipment totaling 20,000 tons of urea products from Yanbu Commercial Port to Bangladesh aboard the vessel COURTESY K as part of the authority’s efforts to support national exports and enhance the efficiency of the...

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Business & Money | Sunday 17 May, 2026 8:00 am

The Minister of Commerce issues a decision imposing a direct penalty on anyone who fails to perform their duty in submitting financial statements.

Saudi Arabia’s Minister of Commerce issued a decision imposing direct penalties on companies that fail to file financial statements on time, according to the official gazette. The decision classifies penalties into two categories. The first covers all company types except unlisted...

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Business & Money | Sunday 17 May, 2026 8:00 am

Dubai Chambers, CCPIT Jiangsu discuss deepening trade, investment cooperation

Dubai Chambers recently held a meeting with the China Council for the Promotion of International Trade Jiangsu Sub-Council (CCPIT Jiangsu) to discuss ways to strengthen trade and investment cooperation between Dubai and China. The meeting was attended by Mohammad Ali Rashed Lootah, President...

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