Business & Money | Wednesday 25 June, 2025 9:17 am

Borouge to develop AI-powered autonomous operations to accelerate growth

Borouge Plc has announced its collaboration with Honeywell to conduct a proof of concept for AI-powered autonomous operations, which has the potential to revolutionise plant operations in the UAE. The collaboration between Borouge and Honeywell is set to deliver the petrochemical industry’s...

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Business & Money | Wednesday 25 June, 2025 9:13 am

Mutakamela Insurance shareholders approve SAR 1.3B contracts with BSF

Mutakamela Insurance Co.’s shareholders, in an ordinary general meeting (OGM) held on June 23, approved business and contracts concluded with Banque Saudi Fransi (BSF) and its subsidiaries during 2024 for a total value of SAR 1.3 billion. In a statement to Tadawul, the company said that the...

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Business & Money | Wednesday 25 June, 2025 9:12 am

New KPMG Study Emphasizes Need for Robust Internal Controls and Monitoring Systems to Combat Rise in Corporate Fraud in MENA

Financial fraud is becoming a mounting concern across the Middle East. In Saudi Arabia, incidents are increasing by 15% annually, driven by economic transformation, digital integration, and the rapid pace of Vision 2030. Across the wider region, more than 223,000 digital assets remain vulnerable to ...

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Business & Money | Wednesday 25 June, 2025 9:11 am

Axelerated Solutions inks SAR 32.24M contracts for cybersecurity system update

Axelerated Solutions for Information and Communication Technology Co. signed on June 24, two contract worth SAR 32.24 million (incl. 15% VAT) with Najm for Insurance Services Co. to update cybersecurity systems, renew operating technical support services, and increase server capacity, according to...

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Business & Money | Wednesday 25 June, 2025 9:06 am

Sport Clubs aims to double number of branches, eyes franchising: CEO

Sport Clubs Company, which owns the Body Masters brand, holds now the second-largest market share in terms of revenue, operating a network of 56 branches across 17 cities in the Kingdom. It also serves over 125,000 active members, CEO Wael El Merhabi told Argaam in an interview. Sport Clubs...

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Business & Money | Wednesday 25 June, 2025 9:03 am

Sports Ministry inks contracts to build 2 hotels in King Abdullah Sports City

Saudi Arabia’s Ministry of Sports signed today, June 24, contracts to build two hotels at King Abdullah Sports City in Jeddah with both local and international companies. The project will cover an area of 16,000 square meters and offer a total capacity of 585 hotel rooms. In a post on its...

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Business & Money | Wednesday 25 June, 2025 8:59 am

Hawiya completes residential real estate auction in Riyadh worth SAR 919.5M

Hawyia Auctions Co. announced it successfully held an auction, on June 24, for residential real estate located in the Al-Jawhara Masterplan in Al-Raed district of Riyadh. The properties are owned by Al-Jawhara Real Estate Development Co. (a single-person company under the Al-Jawhara Real...

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Business & Money | Tuesday 24 June, 2025 2:28 pm

ACCA announces redesign of qualification for a redefined accountancy profession

Future ACCA Qualification unveiled as employers look to accountants to take broader role in embracing AI-driven technology and driving sustainable business Global accountancy body ACCA (the Association of Chartered Certified Accountants) has announced a redesign of its gold standard ACCA...

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Business & Money | Tuesday 24 June, 2025 2:14 pm

Dubai Chambers’ President elected as member of Executive Board of International Chamber of Commerce

The International Chamber of Commerce (ICC) has elected Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, as a member of its Executive Board, reinforcing Dubai’s leadership in advancing global trade, driving business growth, and fostering international partnerships. The ICC is ...

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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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