Business & Money | Tuesday 24 June, 2025 2:06 pm

Dar Al Arkan set to issue USD-denominated sukuk

Dar Al Arkan Real Estate Development Co. is set to issue US-denominated, Shariah-compliant, fixed-rate, senior unsecured sukuk under Regulation S, according to a statement to Tadawul. The real estate developer mandated Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Alkhair...

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Business & Money | Tuesday 24 June, 2025 2:02 pm

SISCO subsidiary signs SAR 1.6B concession deals with MAWANI to operate 4 Red Sea terminals

Sustained Infrastructure Holding Co.’s (SISCO Holding) subsidiary, Red Sea Gateway Terminal (RSGT), signed 20-year concession agreements with the Saudi Ports Authority (MAWANI) to operate four existing general cargo facilities along the Red Sea coast, with a total capital expenditure investment...

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Business & Money | Tuesday 24 June, 2025 1:59 pm

Fakeeh Care inks SAR 938M credit facility deal with Alinma Bank

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) signed, on June 23, a Shariah-compliant credit facility agreement at competitive terms and conditions with Alinma Bank, according to a statement to Tadawul. The total credit amount of SAR 938 million is split between SAR 638 million in...

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Business & Money | Tuesday 24 June, 2025 1:57 pm

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

Jadwa Investment, a leading investment management and advisory firm in the Middle East, today announced the acquisition of a majority stake in Makhazen Alenaya through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund. Founded in 2019, Makhazen is a fast-growing Saudi...

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Business & Money | Tuesday 24 June, 2025 1:53 pm

Dubai Customs secures HBC Women Leadership Award in London

In a development that underscores international appreciation for Dubai Customs’ expanding efforts in empowering female professionals and leadership roles, the organization has attained a significant accomplishment by winning the distinguished Harvard Business Awards Council (HBC) honor. Eman Badr ...

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Environment & Energy | Tuesday 24 June, 2025 10:05 am

Saudi Arabia’s 2nd Stormwater & Wastewater Conference 2025 Opens in Jeddah, Advancing Sustainable Water Infrastructure Solutions

The 2nd edition of the Stormwater & Wastewater Conference 2025 officially opened today at the Jeddah Hilton, convening government officials, global technology innovators, and leading industry experts to drive the development of resilient and sustainable water infrastructure systems across the...

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Business & Money | Tuesday 24 June, 2025 9:54 am

Ministry of Economy and Tourism, Oman’s Ministry of Commerce strengthen bilateral ties

The Competition Department at the Ministry of Economy and Tourism held a coordination meeting with the Competition Protection and Monopoly Prevention Centre at Oman’s Ministry of Commerce, Industry, and Investment Promotion. The meeting marked a significant step forward in enhancing...

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Business & Money | Tuesday 24 June, 2025 9:46 am

ADIO, ADPIC strategic partnership to advance PPP delivery in Abu Dhabi

The Abu Dhabi Investment Office (ADIO) and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have signed a strategic partnership agreement to establish a collaborative operating model that supports the planning, structuring, and procurement of public-private partnerships (PPPs) for...

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Business & Money | Tuesday 24 June, 2025 9:44 am

ForsaTEK 2025 offers platform for high-impact, scalable innovation

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive Emirates Airline and Group, inaugurated the third edition of ForsaTEK, the innovation platform and annual event organised by the Emirates Group. The event was attended by Sarah Al Amiri, Minister of Education, along with a...

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Business & Money | Tuesday 24 June, 2025 9:43 am

Wealthbrix announces official market entry from Dubai International Financial Centre

Wealthbrix Capital Partners Limited, a newly launched independent wealth management firm, today announced its official market entry from Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA region). Founded by a team of...

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