Business & Money | Monday 23 June, 2025 12:54 pm

UAE, Indonesia sign MoU for safeguarding public resources, promoting effective governance principles

The UAE Accountability Authority and the Audit Board of the Republic of Indonesia have signed a strategic Memorandum of Understanding (MoU) aimed at strengthening bilateral cooperation in the areas of safeguarding public resources and promoting effective governance principles. The MoU was...

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Business & Money | Monday 23 June, 2025 12:52 pm

Ministry of Energy and Infrastructure kicks off phase 2 of Zero Bureaucracy Programme

The Ministry of Energy and Infrastructure (MoEI) kicked off phase 2 of its Zero Bureaucracy Programme that aims to radically restructure services by reducing the number of steps, minimising required documents and fields, and shortening the time needed to deliver the service — all to ensure...

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Business & Money | Monday 23 June, 2025 11:00 am

Sharjah Chamber, Kazakhstan Consulate discuss strengthening strategic partnerships between private sectors

The Sharjah Chamber of Commerce and Industry (SCCI) engaged in discussions with the Consulate General of the Republic of Kazakhstan in Dubai and the Northern Emirates to explore ways to enhance economic cooperation and strengthen trade and investment relations between the two countries. The...

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Business & Money | Monday 23 June, 2025 9:43 am

Dubai DET, Marriott International sign MoU to strengthen hospitality ecosystem

The Dubai Department of Economy and Tourism (DET) has signed a strategic Memorandum of Understanding (MoU) with Marriott International, one of the world’s largest hospitality companies, which aims to further boost the city’s international visibility, diversify the destination offering, elevate...

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Business & Money | Monday 23 June, 2025 9:40 am

UAE advances as global maritime power through system of legislation, investments

The UAE has become a leading global maritime hub, building on a strong record of achievements, progressive legislation, and strategic investments that have made it a model in maritime sustainability, advanced infrastructure, and sound governance. Thanks to its strategic geographic location at...

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Business & Money | Monday 23 June, 2025 9:38 am

With exports to more than 90 countries, Al Barakah Dates Factory serves as leading model for growth, expansion of innovative food industries in Dubai

Dubai has successfully laid a strong foundation for the growth of a sustainable, competitive industrial sector that supports economic diversification. Today, it stands as a prime destination for major industrial investments, offering unique advantages — most notably a robust regulatory and...

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Business & Money | Monday 23 June, 2025 9:33 am

Saudia Launches Flights to Larnaca and Venice

Saudia, the national flag carrier of Saudi Arabia, has officially launched flights to two new destinations; Larnaca in Cyprus and Venice in Italy, further reinforcing its commitment to expanding its global footprint and enhancing access to key international destinations. The inaugural flight...

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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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