Business & Money | Tuesday 18 March, 2025 11:04 am

Alkhorayef Water raises private financing from SNB to SAR 850M

Alkhorayef Water and Power Technologies Co. (AWPT) renewed and increased its Shariah-compliant banking facilities agreement with Saudi National Bank (SNB). The agreement facilitates the issuance of all types of guarantees, letters of credit, and both long-term and short-term loans, AWPT said...

More Details

Business & Money | Tuesday 18 March, 2025 10:58 am

Saudi Architecture Characters Map attracts investments, supports local economy: Al-Hogail

The Saudi Architecture Characters Map will play a significant role in attracting investments and supporting the local economy, Minister of Municipalities and Housing Majid Al-Hogail said. It will also enhance the Kingdom's position as a leading cultural and tourism destination, he...

More Details

Business & Money | Tuesday 18 March, 2025 10:54 am

Media Rotana and Dubai Police, in Partnership with the Emirates Red Crescent and Dubai National School - Al Barsha, Celebrate Emirati Children's Day in the Year of Community

In celebration of Emirati Children’s Day, Media Rotana Dubai hosted a special Ramadan Iftar in partnership with the Emirates Red Crescent and Dubai National School – Al Barsha.  The event welcomed children from the Emirates Red Crescent and Dubai National School - Al Barsha, who...

More Details

Business & Money | Tuesday 18 March, 2025 10:51 am

King Salman directs to pay SAR 3B Ramadan aid to social security beneficiaries

Saudi Arabia’s King Salman bin Abdulaziz Al Saud directed the disbursement of more than SAR 3 billion in Ramadan aid for social security beneficiaries, based on the proposal presented by Crown Prince Mohammed bin Salman, the Saudi Press Agency (SPA) reported. Each head of family will receive ...

More Details

Business & Money | Tuesday 18 March, 2025 10:48 am

SAL to establish logistics zone at SAR 4B; joins Shareek program

SAL Saudi Logistics Services Co. (SAL) signed a preliminary agreement with Sela Co. to lease a land plot spanning 1.56 million square meters (sqm) in Falcon City, Riyadh. SAL intends to develop, construct, and operate a logistics zone on the land, according to statement to Tadawul. The...

More Details

Business & Money | Tuesday 18 March, 2025 10:45 am

Elm shareholders OK acquisition of PIF’s equity in Thiqah

Elm Co.’s shareholders approved the authorization of an indirect interest for board members Raed Ismail and Abdullah Al-Salem in the transactions and contracts concluded between Elm and the Public Investment Fund (PIF), according to a statement to Tadawul. The approval came during the...

More Details

Business & Money | Tuesday 18 March, 2025 10:40 am

Ruwad approves funding for 4 new projects worth AED720,000

The Project Funding Committee of the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) has approved funding for four new small businesses with a total value of AED720,000. These approvals were based on the 32nd and 33rd meetings of the committee, held in January and March 2025,...

More Details

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

Sharjah’s AED25 billion coastal development to enhance emirate's real estate landscape

The real estate sector in Sharjah is undergoing a major transformation with the launch of the Ajmal Makan City – Sharjah Waterfront project in Al Hamriyah, a coastal development valued at AED25 billion (US$6.8 billion). The project spans over 60 million square feet and features a mix of...

More Details

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

UL Solutions and Aramco Plan to Collaborate on Joint Projects to Help Enhance Safety in Saudi Arabia

UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced its collaboration with Aramco, one of the world’s leading integrated energy and chemicals companies, to explore opportunities to enhance safety through Aramco’s In-Kingdom Total Value Add (IKTVA) goals, which...

More Details

Business & Money | Tuesday 18 March, 2025 10:23 am

Investors gain AED715 million from three Downtown Dubai land sales

Three plots of land in Downtown Dubai have been sold for a combined profit of AED715 million, highlighting the incredible growth and investment potential of the city’s real estate market. The three transactions, all completed within the space of five days last month, brought individual...

More Details