Business & Money | Monday 20 October, 2025 9:19 am

UAE advances global climate leadership at G20 ECSWG Ministerial Meeting, launches agri-business collaboration with South Africa

Dr Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, led a high-level UAE delegation on a strategic visit to Cape Town, South Africa. She took part in the G20 Environment and Climate Sustainability Working Group (ECSWG) Ministerial Meeting and launched the UAE-South...

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Business & Money | Monday 20 October, 2025 9:16 am

Ruwad approves funding for three new Sharjah projects worth AED 1.8 million

The Sharjah Entrepreneurship Foundation (Ruwad),affiliated with the Sharjah Economic Development Department (SEDD), has approved funding for three projects in the Emirate, totalling AED 1.8 million. This was announced during the 38th meeting of the Foundation’s Project Financing Committee,...

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Business & Money | Monday 20 October, 2025 9:15 am

Sumou signs SAR 135M infrastructure development deal in Jeddah

Sumou Real Estate Co. signed on Oct. 19 a management, development, and implementation agreement for infrastructure works at a project in Jeddah’s Obhur Al Shamaliyah district, covering a total area of 960,000 square meters. The agreement was signed with Diyar Real Estate Development Fund...

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Business & Money | Sunday 19 October, 2025 2:52 pm

REGA detects 18 violations in rental relationship regs in Riyadh

The Real Estate General Authority (REGA) announced that it has detected a number of violations of rental relationship regulations in Riyadh, as part of its oversight efforts to ensure compliance with regulations and maintain balance in the market. The authority received 268 reports, with...

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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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