Business & Money | Sunday 18 May, 2025 9:35 am

Avalon Pharma renews SAR 50M credit agreement with Alinma Bank

Middle East Pharmaceutical Industries Co. (Avalon Pharma) renewed its SAR 50 million credit facility agreement with Alinma Bank to support its working capital and capital expenditure. In a statement to Tadawul, the company said the one-year facility was obtained on May 15, 2025. The...

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Business & Money | Sunday 18 May, 2025 9:27 am

Bank Albilad completes $650M AT1 sukuk issuance

Bank Albilad completed the issuance of a US dollar-denominated additional Tier 1 sukuk issuance.DetailsOffer TypeUS dollar-denominated additional Tier 1 green sukuk Offer Value$650 mlnTotal No. of Sukuk3,250 (based on minimum denomination and total issue size)Nominal...

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Business & Money | Sunday 18 May, 2025 9:14 am

ACWA Power Signs Agreements Worth USD 500 Million With US Firms, Expanding Collaboration to USD 6 Billion

ACWA Power, the world’s largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, announced the signing of Memorandums of Understanding (MoUs) with US companies, totalling USD 500 million. Signed at the Saudi–US Investment Forum in...

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Business & Money | Sunday 18 May, 2025 9:12 am

DEWA PJSC added to the MSCI Emerging Markets Index

MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced that Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider,...

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Business & Money | Sunday 18 May, 2025 9:10 am

TAQA Group Reports Revenue of AED 14.2 Billion for Q1 2025

Abu Dhabi National Energy Company PJSC (“TAQA” or “the Group”), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has reported its earnings for the three-month period ending 31 March 2025.  TAQA delivered a 3.8% year-on-year revenue...

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Business & Money | Sunday 18 May, 2025 9:07 am

ADPHC and Gilead Sciences Ireland Sign MoU to Strengthen Public Health Collaboration in Abu Dhabi

The Abu Dhabi Public Health Centre (ADPHC) has signed a two-year Memorandum of Understanding (MoU) with Gilead Sciences Ireland to enhance disease prevention, early detection, and public awareness in key health areas in Abu Dhabi Emirate. The MoU establishes a framework for collaboration...

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Business & Money | Sunday 18 May, 2025 9:05 am

Saudia Expands AlFursan Loyalty Program through Strategic Partnership with Al-Dawaa Medical Services

Saudia, the national flag carrier of Saudi Arabia, announced a new partnership between its AlFursan Loyalty Program and Al-Dawaa Medical Services Co. (DMSCO), one of the Kingdom’s leading healthcare providers. This collaboration underscores AlFursan’s ongoing efforts to expand its partner...

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Business & Money | Sunday 18 May, 2025 8:58 am

du unveils Sustainability Report 2024, building a sustainable future through digital innovation

du, the leading telecom and digital services provider, today announced the release of its Sustainability Report for 2024, marking significant achievements in environmental stewardship, digital inclusion, and social responsibility.  Adel AlRais, Head of Corporate Communication &...

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Business & Money | Sunday 18 May, 2025 8:54 am

Checkout.com and du Pay Announce Strategic Partnership to Power Wallet Top-Ups supporting Fintech Services

 Leading global digital payment solutions provider Checkout.com, has entered a strategic partnership with du Pay, one of the UAE’s fastest-growing fintech platforms focused on advancing financial inclusion and accessibility across the UAE. This collaboration enables du Pay to leverage...

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Business & Money | Sunday 18 May, 2025 8:43 am

Completion of Field Inspections and Approval for the Launch of Nad Al Sheba Mall

The Department of Planning and Development– Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, has announced the completion of all necessary field and environmental inspections at Nad Al Sheba Mall in Dubai. The mall has received official approval to open its doors to...

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