Business & Money | Tuesday 13 October, 2026 8:00 am

UAE explores advanced manufacturing partnerships at China Industry Fair 2026

The UAE is exploring opportunities to strengthen industrial, technological and investment cooperation with China through the participation of a UAE delegation, led by Hasan Jasem Al Nowais, Undersecretary of the Ministry of Industry and Advanced Technology (MoIAT), alongside senior ministry...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Shams launches AI-powered 'Bedaya' business setup platform

The "Bedaya" platform, which is powered by artificial intelligence, has been launched by Sharjah Media City (Shams) to allow entrepreneurs and investors to plan the setting up of their businesses via a smooth, fast, and integrated digital service. The platform reviews user-submitted business...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Al Yamamah Steel’s contracts backlog hits SAR 1.1B; sales, profit likely to grow in 2027: CEO

Sahal Al-Thobaiti, CEO of Al Yamamah Steel Industries Co., said that the company’s current contracts backlog is valued at approximately SAR 1.1 billion, adding that it expects to secure additional contracts before the end of 2026. In an interview with Asharq Bloomberg on the sidelines of the ...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Saudi Arabia to sustain investment in oil, gas, renewables, infrastructure: Minister

Saudi Arabia will continue investing in reliable oil and gas supplies, expanding renewable energy, strengthening electricity grids and storage facilities, upgrading gas infrastructure, and developing new technologies and low-emission solutions, Energy Minister Prince Abdulaziz Al Saud...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Riyadh sees exceptional growth, 2 bridges 42% complete: RCRC CEO

Ibrahim Al-Sultan, CEO of the Royal Commission for Riyadh City (RCRC), said the capital is experiencing an exceptional phase of growth in its economy, population, and urban development. He noted that development efforts are focused on three main areas: roads, transportation, and traffic...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Aramco targets 80% increase in gas sales capacity by 2030: CEO

Saudi Aramco President and CEO Amin Nasser said the company aims to increase gas sales capacity by about 80% from 2021 levels by 2030 and expand renewable energy projects. Speaking at the 25th World Petroleum Congress (WPC) in Riyadh, Nasser said gas and renewables would each account for half...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Saudi Arabia attracts SAR 6T investments since strategy launch: Minister

Minister of Investment Fahad Al-Saif stated that investments from domestic and international sources have reached about SAR 6 trillion since the launch of the National Investment Strategy. Speaking during a ministerial panel discussion at the WPC Energy Congress 2026, Al-Saif explained that...

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Business & Money | Tuesday 13 October, 2026 8:00 am

SRC launches second mortgage-backed securities transaction

The Saudi Real Estate Refinance Co. (SRC), a PIF-owned subsidiary, announced the launch of the Kingdom's second residential mortgage-backed securities (RMBS), the first domestic issuance of its kind to receive publicly disclosed credit ratings from Moody’s and Fitch. The second issuance is...

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Business & Money | Monday 12 October, 2026 4:16 pm

DIEZ doubles size of Oraseya Capital fund to AED1 billion

The Dubai Integrated Economic Zones Authority (DIEZ) has announced the doubling of the venture capital fund managed by its investment arm, Oraseya Capital, from AED500 million to AED1 billion. The expansion aims to strengthen Oraseya Capital’s capacity to support companies with global growth ...

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Business & Money | Monday 12 October, 2026 4:14 pm

SIF 2026 puts business resilience, future leadership in focus

Under the theme “Building Adaptive Economies,” the ninth Sharjah Investment Forum (SIF 2026) will host a series of specialised workshops within its programme of more than 140 activities, exploring how skills and institutional expertise can strengthen business competitiveness and turn investment ...

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