Business & Money | Friday 28 November, 2025 1:39 pm

Dubai Chambers signs MoU with e& to enhance support for local business community

Dubai Chambers has signed a Memorandum of Understanding (MoU) with e& UAE, the flagship telecom arm of global technology group of e&, to enhance cooperation in delivering value-added communications services that support the growth of Dubai’s business community, advance shared objectives,...

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Business & Money | Friday 28 November, 2025 1:37 pm

EGA, TAQA, DUBAL Holding, EWEC sign agreements to decarbonise aluminium production

Emirates Global Aluminium (EGA), Abu Dhabi National Energy Company PJSC (TAQA), DUBAL Holding and Emirates Water and Electricity Company (EWEC) have signed a series of agreements to decarbonise aluminium production and expand renewable and clean energy development in Abu Dhabi. The initiative...

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Business & Money | Friday 28 November, 2025 1:35 pm

Dubai Silicon Oasis successfully concludes Doers Summit 2025

Under the patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority, the first Middle East edition of the Doers Summit 2025 concluded at Dubai Silicon Oasis, the special economic zone for knowledge and innovation and member of DIEZ. The...

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Business & Money | Friday 28 November, 2025 1:34 pm

Islamic Treasury Sukuk Auction for November 2025 attracts bids worth AED5.48 billion

The Ministry of Finance (MoF), in its capacity as issuer and in collaboration with the Central Bank of the UAE (CBUAE) as issuing and payment agent, announced the successful completion of the November 2025 auction of UAE dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a total issuance of...

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Business & Money | Friday 28 November, 2025 1:31 pm

Nasdaq Dubai welcomes $500 million Sukuk listing by Sharjah Islamic Bank

Nasdaq Dubai has welcomed the listing of a US$500 million Sukuk by Sharjah Islamic Bank (SIB), issued under its US$3 billion Trust Certificate Issuance Programme. The five-year Sukuk, maturing in November 2030, carries a profit rate of 4.6 percent. The issuance attracted strong demand from...

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Business & Money | Friday 28 November, 2025 1:25 pm

National Building subsidiary renews SAR 127M credit facility with Al Rajhi Bank

National Building and Marketing Co.’s (NBM) subsidiary, Ajeej Steel Manufacturing Co., renewed today, Nov. 27, a Shariah-compliant banking facilities agreement worth SAR 127 million with Al Rajhi Bank, according to a statement on Tadawul. The financing is secured by guarantees of debt...

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Business & Money | Friday 28 November, 2025 1:22 pm

Opening Nomu to new investor categories to boost liquidity, spur trading: Elkuwaiz

Mohammed Elkuwaiz, Chairman of the Capital Market Authority (CMA), said that the regulator’s decision to allow new categories of qualified investors to enter the Nomu-Parallel Market is expected to provide more resilience in the market without compromising the integrity of trading...

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Business & Money | Friday 28 November, 2025 1:20 pm

ACWA Power secures financial close for 2 wind, 5 solar projects in Saudi Arabia

ACWA Power Co. announced the financial close of two major wind power projects, Starah and Shaqra, located in the central region of Saudi Arabia, with production capacities of 2,000 MW and 1,000 MW, respectively, according to a Tadawul statement today. The financing amounts to SAR 5.44 billion...

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Business & Money | Friday 28 November, 2025 1:18 pm

SERA introduces consumer protection framework

Saudi Electricity Regulatory Authority (SERA) launched today, Nov. 27, its new consumer protection framework, in an event attended by Minister of Energy Prince Abdulaziz bin Salman. According to a statement published on the authority’s X account, SERA Governor Abdullah Al Bishi said the...

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Business & Money | Thursday 27 November, 2025 3:27 pm

Middle East Emerging as a Key AI Data Center Nexus, Finds New BCG Report Launched at MWC Doha 2025

Boston Consulting Group (BCG) today announced the launch of its new report, “AI Data Centers: An Opportunity in the Middle East”, during the sidelines of MWC Doha 2025, revealing that the Middle East is rapidly positioning the region as a rising global nexus for AI data center investment and...

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