Business & Money | Monday 19 May, 2025 10:09 am

Sharjah hosts inaugural 2025 WTCA Middle East Members Conference

The emirate of Sharjah hosted the inaugural 2025 World Trade Centers Association (WTCA) Middle East Members Conference, organised by Expo Centre Sharjah, bringing together leaders and representatives from the region’s growing number of 18 World Trade Center businesses. The Conference aimed...

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Business & Money | Monday 19 May, 2025 10:04 am

Fourth 'Make it in the Emirates' kicks off in Abu Dhabi

The fourth edition of Make it in the Emirates kicked off today under the theme “Advanced Industries Accelerated”. The event runs until 22nd May at the ADNEC Centre Abu Dhabi, with broad local and international participation from decision-makers, officials from both public and private...

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Business & Money | Monday 19 May, 2025 9:13 am

Dubai Supreme Council of Energy reviews sustainable biofuel projects

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, chaired the 88th meeting of the Council, which was held virtually in the presence of Saeed Mohammed Al Tayer, Vice Chairman of the Council. The meeting was also attended by Ahmed Buti Al Muhairbi,...

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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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