The Emirates Nuclear Energy Company (ENEC) has been named winner of the ‘Excellence in Energy-Power’ category at the 2025 Platts Global Energy Awards, hosted by S&P Global Commodity Insights in New York.This marks the first time in a decade an exclusively nuclear energy company has received ...
The Ministry of Finance (MoF) has announced the issuance of Cabinet Decision No. 153 of 2025 regarding the application of the reverse charge mechanism on trading of metal-scrap between registrants in the UAE, effective from 14th January 2026. The measures taken pursuant to the provisions of...
Dubai Electricity and Water Authority (DEWA) has awarded a new contract worth AED289 million for works to strengthen Dubai’s water transmission network connected to the Hassyan water plant, one of the world’s largest seawater reverse-osmosis projects. DEWA is developing the project under...
The United Arab Emirates continues to advance the new economy as a core pillar of sustainable economic growth, driven by innovation, advanced technology and the knowledge economy, contributing to economic diversification and enhanced competitiveness across sectors including artificial intelligence, ...
The Republic of Korea's exports grew 6.8 percent from a year earlier in the first 20 days of this month, mainly on the back of strong global demand for semiconductors, according to data from the Korea Customs Service on Monday. Outbound shipments reached US$43 billion in the 1st to 20th...
Middle Eastern mergers and acquisitions (M&A) have demonstrated remarkable resilience and strategic focus, with deal values surging 260% to $53 billion in the first nine months of 2025 compared to the same period last year. This exceptional growth comes despite experiencing its lowest levels...
Cherry Trading Co. signed today, Dec. 21, a Shariah-compliant credit facility deal worth SAR 250 million with Alinma Bank, according to a Tadawul filing. The three-year financing is covered by a promissory note and the assignment of proceeds. The loan will be utilized to purchase new...
His Excellency Eng. Ahmed bin Sulaiman Al Rajhi, the Minister of Human Resources and Social Development and Chairman of the Board of Directors of the Social Development Bank (SDB), inaugurated the second edition of the Entrepreneurship and Modern Business Practices Forum (DeveGo 2025), organized by ...
Lucid Motors currently has between seven and eight completed buildings in Saudi Arabia, laying the groundwork for the next phase: transitioning from vehicle assembly to a full production unit where cars are produced entirely within the Kingdom for export purposes, said Faisal Sultan, President of...
National Medical Care Co. (Care) signed today, Dec. 21, a contract with BEC Arabia Contracting Co. to execute mechanical, electrical, and plumbing (MEP) works, as well as finishing works, for the first phase of the Care Medical Hospital project in the Al-Narjis district, Riyadh. In a...
