Business & Money | Monday 23 June, 2025 9:15 am

Yanbu Cement, Southern Cement extend MoU on potential merger

Yanbu Cement Co. and Southern Province Cement Co. have agreed to extend the non-binding memorandum of understanding (MoU) for an additional three months as of June 23, 2025, in order to consider a potential share swap and to carry out the due diligence process. This will include the...

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Business & Money | Monday 23 June, 2025 9:08 am

Banan unit signs SAR 244M deal with Armah Sports to set up 2 sports clubs

Banan Real Estate Co.’s subsidiary Qimam Noshoz Real Estate Development Co. and Armah Sports Co. inked a contract to develop and lease two sports clubs in Riyadh’s Al-Rahmaniyah neighborhood, at a total value of SAR 244.11 million (excluding VAT). In two separate statementsto Tadawul, the...

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Business & Money | Monday 23 June, 2025 9:07 am

Jadwa Acquires Majority Stake in Makhazen Alenaya Through GCC Diversified Private Equity Fund

Jadwa Investment announced the acquisition of a majority stake in Makhazen Alenaya through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund. In an emailed statement to Argaam, Jadwa Investment said that Makhazen was founded in 2019. It is a fast-growing Saudi retail...

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Business & Money | Monday 23 June, 2025 8:38 am

National Human Rights Institution Receives Chairman of the Arab Charter on Human Rights Committee

 As part of its ongoing efforts to strengthen institutional collaboration and promote the exchange of expertise with regional and international entities, the National Human Rights Institution (NHRI) welcomed His Excellency Counselor Mohammed Saeed Al Shehhi, Chairman of the Arab Charter on...

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Technology & IT | Sunday 22 June, 2025 11:08 am

Dubai proptech Prop-AI secures $1.5 million Pre-Seed

Prop-AI team (Image supplied)#UAE #funding - Dubai-headquartered AI-powered real estate company Prop-AI has secured $1.5 million in pre-seed funding to expand its property investment platform across the Middle East and North Africa (MENA) region. The round was led by Abu Dhabi-based venture capital ...

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Technology & IT | Sunday 22 June, 2025 11:05 am

iPadOS 26 introduces powerful new features that push the capabilities and versatility of iPad even further

CUPERTINO, CALIFORNIA Apple today previewed iPadOS 26, the biggest iPadOS release ever, taking a huge leap forward and pushing the unique capabilities and versatility of iPad even further. A beautiful design brings a new look to iPad, making the experience even more expressive and delightful. While ...

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Business & Money | Sunday 22 June, 2025 8:11 am

Saudi Energy Minister says OPEC+ became major oil price guarantor

Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ has become a key guarantor of oil prices and the sector as a whole. In his speech at the St. Petersburg Economic Forum, he also mentioned that OPEC+ is a trustworthy and successful alliance that adapts to changing conditions and has...

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Business & Money | Sunday 22 June, 2025 8:03 am

PIF sets up new company to build, operate Expo 2030 Riyadh facilities

The Public Investment Fund (PIF) announced today, June 19, the launch of Expo 2030 Riyadh Co. (ERC), a wholly owned subsidiary tasked with developing and operating the Expo 2030 Riyadh site’s facilities — being the first-of-its-kind event to be hosted in Saudi Arabia. According to a PIF...

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Business & Money | Sunday 22 June, 2025 7:49 am

SEDCO Capital REIT acquires Al Basateen’s Palm View for SAR 650 million

In one of the largest real estate transactions in the Saudi capital during the first half of 2025, SEDCO Capital REIT announced the acquisition of the Palm View office project from Al Basateen Company, located in the Al Basateen district, Diriyah, for a total value of SAR 650 million. The...

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Business & Money | Sunday 22 June, 2025 7:47 am

UAE cements its position as global destination for attracting FDI with total inflows of AED 167.6 billion in 2024

The UAE ranked 10th globally as a leading destination for inbound foreign direct investment (FDI) in 2024, achieving an unprecedented AED 167.6 billion (USD 45.6 billion in FDI inflows, according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report...

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