Business & Money | Saturday 3 May, 2025 9:03 am

Gold delivers highest return among major assets YTD, oil biggest loser: El-Erian

Economist Mohamed El-Erian shared his monthly update on the performance of major asset classes, noting that while April was a down month for most, these asset classes largely recovered by the end of the month.   In a post on X, President, Queens' College, wrote: “A few assets...

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Business & Money | Saturday 3 May, 2025 8:38 am

RAKEZ leadership visits China to boost bi-lateral business ties

 Ras Al Khaimah Economic Zone (RAKEZ) concluded a high-level delegation—led by its Group CEO Ramy Jallad—to China, aimed at deepening bilateral economic cooperation and opening new avenues for strategic partnerships. The visit underscores RAKEZ’s commitment to building global business...

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Business & Money | Friday 2 May, 2025 10:22 am

MAG SIGNS STRATEGIC PARTNERSHIP WITH MULTIBANK GROUP TO TOKENIZE $3 BILLION REAL ESTATE ASSETS

MAG, the leading real estate developer in the UAE has signed a historic $3 billion tokenization agreement with MultiBank Group, the world’s largest financial derivatives institution based in Dubai, and Mavryk, a leading blockchain innovator — marking the largest real-world asset (RWA)...

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Business & Money | Friday 2 May, 2025 10:10 am

du claims Guinness World Record for longest livestream in partnership with TikTok LIVE MENA

du, the leading telecom and digital services provider, has officially set a new Guinness World Record for the "longest promotional livestream." This was accomplished in collaboration with TikTok Live MENA as part of du’s innovative campaign to rigorously test and showcase the strength of its...

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Business & Money | Friday 2 May, 2025 9:33 am

ERRA Outlines Future Plans During Its General Assembly at the Abu Dhabi International Book Fair

As part of its participation in the Abu Dhabi International Book Fair 2025 (ADIBF), the Emirates Reprographic Rights Management Association (ERRA) held its third annual general assembly meeting yesterday. During the session, members reviewed the association’s key achievements in 2024 and approved ...

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Business & Money | Friday 2 May, 2025 8:31 am

Middle East stands out as a growth outlier amid recession risks, inflation pressures, and policy uncertainty

 Against the backdrop of rising global volatility, St. James’s Place (SJP), a FTSE-listed global financial advisory firm with over one million customers and $245 billion in assets under management, is urging investors to stay anchored to long-term fundamentals and adopt diversified...

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Business & Money | Friday 2 May, 2025 8:15 am

“Mawani” and “Alissa Universal Motors” Sign Agreement to Establish a Logistics Zone at King Abdulaziz Port in Dammam with an Investment Value of SAR 300 Million

The Saudi Ports Authority “Mawani” and Alissa Universal Motors—a subsidiary of Abdul Latif Alissa Holding Group—have signed an agreement to establish a logistics zone at King Abdulaziz Port in Dammam, with a total investment value reaching SAR 300 million. The project includes development...

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Business & Money | Friday 2 May, 2025 7:19 am

NWC completes various sewer lines in Riyadh for SR +11 million

The National Water Company (NWC) announced the completion of various sewerage lines in the city of Riyadh at a total cost of more than 11 million Saudi Riyals. This is part of the company’s ongoing efforts to implement its strategic plans to create infrastructure in both the water and wastewater...

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Business & Money | Thursday 1 May, 2025 3:05 pm

Saudi Arabia's capital market system attracts inflows: ElKuwaiz

Mohammed ElKuwaiz Chairman of the Capital Market Authority (CMA), said the growth in the financial sector indicators in the 2024 annual report of Saudi Vision 2030 marked a key upside for the local capital market, thereby boosting investor confidence and enhancing Saudi Arabia’s attractiveness to ...

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Business & Money | Thursday 1 May, 2025 9:53 am

Saudia and Aseer Development Authority Sign MOU

Saudia, the national carrier of Saudi Arabia, has signed a Memorandum of Understanding (MOU) with the Aseer Development Authority (ASDA) at the Arabian Travel Market 2025.  This strategic partnership, signed by Arved von zur Muehlen, EVP & Chief Commercial Officer at Saudia, and Eng....

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