Business & Money | Monday 19 May, 2025 10:11 am

400 UAE companies benefit from AED65.7 billion contract awards in H1 2025 as ADNOC boosts local economic growth

Nearly 400 local suppliers, contractors and service providers have received contract awards from ADNOC valued at AED65.7 billion in the first half of 2025 as the company deploys its purchasing power to boost socioeconomic growth, empower businesses and generate long-term value for the...

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Business & Money | Monday 19 May, 2025 10:09 am

Sharjah hosts inaugural 2025 WTCA Middle East Members Conference

The emirate of Sharjah hosted the inaugural 2025 World Trade Centers Association (WTCA) Middle East Members Conference, organised by Expo Centre Sharjah, bringing together leaders and representatives from the region’s growing number of 18 World Trade Center businesses. The Conference aimed...

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Business & Money | Monday 19 May, 2025 10:04 am

Fourth 'Make it in the Emirates' kicks off in Abu Dhabi

The fourth edition of Make it in the Emirates kicked off today under the theme “Advanced Industries Accelerated”. The event runs until 22nd May at the ADNEC Centre Abu Dhabi, with broad local and international participation from decision-makers, officials from both public and private...

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Business & Money | Monday 19 May, 2025 9:13 am

Dubai Supreme Council of Energy reviews sustainable biofuel projects

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, chaired the 88th meeting of the Council, which was held virtually in the presence of Saeed Mohammed Al Tayer, Vice Chairman of the Council. The meeting was also attended by Ahmed Buti Al Muhairbi,...

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Healthcare | Sunday 18 May, 2025 3:10 pm

Saudi Signage & Labelling Expo and Saudi Paper & Packaging Expo unite top local and international companies, amid fast-growing market demand

As Saudi Arabia’s signage, labelling, paper and packaging industries continue their growth trajectory driven by investments in smart city infrastructure, retail expansion and tourism development, Saudi Signage & Labelling Expo and the inaugural Saudi Paper & Packaging Expo return to...

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Technology & IT | Sunday 18 May, 2025 2:38 pm

Next-Level Creativity: HONOR 400 Series Debuts the Industry-leading “AI Image to Video” Feature

With the upcoming launch of the HONOR 400 Series, HONOR introduces a feature that feels like magic and works like art: the industry-leading “AI Image to Video.” Part of the powerful AI Creative Editor suite, this innovation is poised to completely change the way we interact with our photo...

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Business & Money | Sunday 18 May, 2025 9:35 am

Avalon Pharma renews SAR 50M credit agreement with Alinma Bank

Middle East Pharmaceutical Industries Co. (Avalon Pharma) renewed its SAR 50 million credit facility agreement with Alinma Bank to support its working capital and capital expenditure. In a statement to Tadawul, the company said the one-year facility was obtained on May 15, 2025. The...

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Business & Money | Sunday 18 May, 2025 9:27 am

Bank Albilad completes $650M AT1 sukuk issuance

Bank Albilad completed the issuance of a US dollar-denominated additional Tier 1 sukuk issuance.DetailsOffer TypeUS dollar-denominated additional Tier 1 green sukuk Offer Value$650 mlnTotal No. of Sukuk3,250 (based on minimum denomination and total issue size)Nominal...

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Business & Money | Sunday 18 May, 2025 9:14 am

ACWA Power Signs Agreements Worth USD 500 Million With US Firms, Expanding Collaboration to USD 6 Billion

ACWA Power, the world’s largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, announced the signing of Memorandums of Understanding (MoUs) with US companies, totalling USD 500 million. Signed at the Saudi–US Investment Forum in...

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Business & Money | Sunday 18 May, 2025 9:12 am

DEWA PJSC added to the MSCI Emerging Markets Index

MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced that Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider,...

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