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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Technology & IT | Friday 28 November, 2025 11:09 am

SearchInform Opens Second Gulf Office in Riyadh

Riyadh - SearchInform, the leading developer of information security and risk management solutions, has opened an office in Riyadh. This expansion aims to strengthen the company’s regional presence and meet the growing demand for data protection across the Gulf.“Saudi Arabia is one of the most...

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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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Business & Money | Thursday 27 November, 2025 12:00 pm

DFSA, Hong Kong Monetary Authority co-host second Joint Climate Finance Conference

The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), and the Hong Kong Monetary Authority (HKMA) today hosted the second edition of the DFSA–HKMA Joint Climate Finance Conference. The hybrid conference, which took place...

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Business & Money | Thursday 27 November, 2025 12:00 pm

AD Ports Group sells 9.77% stake in NMDC Group to Alpha Dhabi Holding for AED1.6 billion

AD Ports Group today announced the sale of its 9.77 percent stake in NMDC Group PJSC to Alpha Dhabi Holding PJSC for AED1.6 billion (US$436 million). AD Ports Group received its stake in NMDC from Abu Dhabi Developmental Holding Company – ADQ ahead of its listing in February 2022. In...

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Business & Money | Thursday 27 November, 2025 12:00 pm

Abu Dhabi Customs, India’s Central Board of Indirect Taxes and Customs sign statement of cooperation

Abu Dhabi Customs and India’s Central Board of Indirect Taxes and Customs have signed a statement to foster innovation in facilitating bilateral trade through digital transformation and data exchange. The agreement also launches a pilot project for a Trusted Digital Trade Corridor under the...

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Business & Money | Thursday 27 November, 2025 12:00 pm

Almoosa signs SAR 657.5M contract to build Al-Khobar hospital

Almoosa Health Co. signed on Nov. 26 a contract with BEC Arabia to execute the preliminary foundational and structural works for the Almoosa Specialist Hospital project in Al-Khobar, for SAR 657.5 million (excluding VAT). In a statement to Tadawul, the company said the scope of...

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Business & Money | Thursday 27 November, 2025 12:00 pm

ZMH Advisors Partners with Takamol Holding to Promote Data-Driven Policy Design, Sustainability, Corporate Governance, and Stakeholder Engagement in Saudi Arabia

 ZMH Advisors LLC (“ZMH Advisors”), a leading data-driven stakeholder engagement, sustainability, corporate governance, and policy advisory firm, announced today the signing of a Memorandum of Understanding (MOU) with Takamol Holding (“Takamol”) during the U.S.–Saudi Investment Forum ...

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Business & Money | Thursday 27 November, 2025 12:00 pm

RAKEZ strengthens UAE-China economic ties through high-level roadshow across key cities

Ras Al Khaimah Economic Zone (RAKEZ) has concluded a strategic roadshow across Guangzhou, Foshan, and Hangzhou, led by Group CEO Ramy Jallad, to deepen cooperation with government entities, industry organisations, and business leaders in China. The mission reflects RAKEZ’s ongoing commitment to...

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