Business & Money | Wednesday 7 May, 2025 1:14 pm

ADQ prices US$2 billion dual-tranche bond in 3rd debt capital markets issuance

Abu Dhabi Developmental Holding Company PJSC (ADQ), an active sovereign investor focused on critical infrastructure and global supply chains, has announced the successful pricing of a US$2 billion bond. The issuance marks ADQ’s third offering in international debt capital markets and...

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Business & Money | Wednesday 7 May, 2025 1:10 pm

DEWA’s Distribution Network Smart Centre promotes Dubai’s pioneering digital transformation

Dubai Electricity and Water Authority (DEWA) enhances the resilience and efficiency of Dubai's smart network through its Distribution Network Smart Centre (DNSC), enabling advanced features such as the upgrade of automatic decision-making capabilities. The smart centre accelerates DEWA's...

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Business & Money | Wednesday 7 May, 2025 1:09 pm

DMCC awards main works contract for two towers in Uptown Dubai

DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced the appointment of Ali & Sons Contracting Company – Sole Proprietorship LLC to spearhead the second phase of Uptown Dubai's transformative development. Ali & Sons...

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Business & Money | Tuesday 6 May, 2025 1:18 pm

Alkhorayef Water wins SAR 85.95M contract with NWC

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded, on May 5, a contract to supply, install, test, and commission pumps and variable frequency drives (VFDs) in Jazan Region, with National Water Co. (NWC), for SAR 85.95 million, not including VAT. The contract is valued at SAR 85.95 ...

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Business & Money | Tuesday 6 May, 2025 1:09 pm

Saudi Arabia continues to lure domestic, foreign investments: Minister

Saudi Arabia continues to attract both domestic and foreign investments, despite global geopolitical and economic challenges, said Saudi Minister of Investment Khalid Al-Falih. The Kingdom developed high capabilities to adapt to shocks, through accumulated experience in confronting various...

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Business & Money | Tuesday 6 May, 2025 11:47 am

Bin Touq meets with tourism ministers of Spain, Croatia to enhance prospects for cooperation in sector

During a European tour that included Spain and Croatia, Abdulla Bin Touq Al Marri, UAE Minister of Economy, met with Tonči Glavina, Minister of Tourism and Sports of Croatia; and Rosario Sánchez Grau, Spanish Secretary of State for Tourism, with the aim of enhancing cooperation in the sector. As...

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Business & Money | Tuesday 6 May, 2025 11:41 am

Technology plays key role in reshaping entrepreneurship landscape in UAE

Technology is playing a pivotal role in reshaping the entrepreneurship scene in the United Arab Emirates. Innovation-based startups are becoming a major driver of the national economy and a primary source of employment and sustainable solutions. This contributes to enhancing the country's global...

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Business & Money | Tuesday 6 May, 2025 11:39 am

EWEC opens Q2 2025 clean Energy Certifications Auction

- Emirates Water and Electricity Company (EWEC), a leading company in the integrated coordination of planning, purchasing, supply, and system despatch services for water and electricity across the UAE, today announced that registration is now open for its Q2 2025 Clean Energy Certificates (CECs)...

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Business & Money | Tuesday 6 May, 2025 11:38 am

UAE, Croatia explore ways to strengthen bilateral economic relations

Abdulla bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Ante Šušnjar, Croatia’s Minister of Economy and Sustainable Development, to explore the strengthening of cooperation across various economic sectors. The meeting took place during Bin Touq’s official visit to...

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Business & Money | Tuesday 6 May, 2025 11:36 am

ADNOC Drilling awarded $806 million long-term contract for three newbuild island rigs

ADNOC Drilling Company announced today it has been awarded a contract for three island rigs by ADNOC Offshore for an estimated total contract value of US$806 million to support expanding operations at the offshore Zakum development project. These three rigs are in addition to three ordered in...

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