Business & Money | Tuesday 27 May, 2025 10:57 am

MT Group launches phase 2 of supply chain expansion in Abu Dhabi

MT Group today announced the launch of phase 2 of its supply chain expansion in Abu Dhabi, marking a significant milestone in the Emirate’s advanced manufacturing objectives. The launch includes the establishment of a large-scale valve manufacturing facility and a forging unit, both under MT ...

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Business & Money | Tuesday 27 May, 2025 10:52 am

Aldar announces launch day sell-out of all 133 homes at Waldorf Astoria Residences

Aldar has announced the launch day sell-out of all 133 homes at Waldorf Astoria Residences Yas, the first ever branded residential development on Yas Island generating AED 850 million in sales. The development attracted a broad range of buyers with its world-class amenities, legendary Waldorf...

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Business & Money | Tuesday 27 May, 2025 10:46 am

World Utilities Congress opens in Abu Dhabi

The World Utilities Congress 2025 opened today at ADNEC Centre Abu Dhabi under the patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council. Themed “Innovating for a New Age of Utilities”, the three-day event ...

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Business & Money | Tuesday 27 May, 2025 10:36 am

ADNOC Drilling secures $1.15 billion, 15-year contract for two jack-up rigs

ADNOC Drilling Company announced today the award of a $1.15 billion, 15-year contract for two jack-up rigs by ADNOC Offshore in support of its growing offshore operations. The contract will follow existing agreements, bringing accretive rates that generate long-term revenue and attractive...

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Business & Money | Tuesday 27 May, 2025 10:33 am

Mulkia Investment signs acquisition agreement for Tuwaiq Residential Complex on behalf of its real estate fund

Mulkia Investment Company has signed an agreement to acquire the Tuwaiq Residential Complex, located in the Tuwaiq district in western Riyadh, with a land area of 710,877 square meters and built-up areas exceeding million square meters. The acquisition is being made on behalf of the Mulkia Tuwaiq...

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Business & Money | Tuesday 27 May, 2025 10:30 am

Saudi, Kuwait unveil new oil discovery in Neutral Zone

Saudi Arabia and Kuwait announced today, May 26, a new oil discovery in the jointly operated Wafra field. The oil find is located in the North Wafra Warrah-Burgan reservoir, about five kilometers north of the main Wafra site. Saudi Arabia’s Ministry of Energy said crude flowed from the...

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Business & Money | Tuesday 27 May, 2025 10:30 am

The Myriad Redefines Student Living for a Mobile, Urban Generation

As co-living becomes essential to young urban life, The Myriad offers an institutional model that merges flexibility with community. Dubai, UAE – As co-living gains momentum among Millennial and Gen Z residents, The Myriad is emerging as a standout model in the Gulf for student accommodation ...

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Business & Money | Tuesday 27 May, 2025 10:06 am

Minister of Communications Conducts On-Site Visit to Review Mobily’s Network Readiness for Serving Pilgrims

His Excellency Engineer Abdullah Alswaha Minister of Communications and Information Technology, visited Etihad Etisalat Company “Mobily” operational headquarters in Makkah  to review the company’s operational preparations for this year’s Hajj season (1446H), aimed at serving the Guests ...

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Business & Money | Tuesday 27 May, 2025 10:00 am

Kinderini Crowned Product of The Year 2025 Gulf in the ‘Biscuits’ Category

Kinderini, Kinder’s first plain biscuits, wins the hearts of consumers across the GCC DUBAI – Kinderini made big waves at the consumer-driven Product of the Year Award - Gulf, sweeping the ‘Biscuits’ category. The prestigious event was held at Dubai Miracle Garden on March 19, 2025....

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Business & Money | Tuesday 27 May, 2025 9:39 am

GAS signs SAR 830.6M contracts with SPPC

Gas Arabian Services Co. (GAS) signed two contracts on May 25 with the Saudi Power Procurement Co. (SPPC), the principal buyer, with a total value of SAR 830.64 million, excluding value-added tax (VAT). In a statement to Tadawul, GAS said the first contract entails the construction of gas...

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