Business & Money | Wednesday 26 February, 2025 11:46 am

Maktoum bin Mohammed meets with UK’s Economic Secretary to the Treasury

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, today met with Emma Reynolds, the UK’s Economic Secretary to the Treasury. The meeting was held at H.H. Sheikh Maktoum's office. H.H. Sheikh Maktoum said the...

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Business & Money | Wednesday 26 February, 2025 11:44 am

Bisconni Middle East Manufacturing to set up AED110 million factory in KEZAD

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones and Bisconni Middle East Manufacturing today announced the signing of a 50-year land lease agreement for the establishment of their state-of-the-art manufacturing facility in KEZAD...

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Business & Money | Wednesday 26 February, 2025 11:34 am

Dubai DET signs strategic partnership with Amadeus to foster innovation in travel technology

The Dubai Department of Economy and Tourism (DET) has signed a strategic memorandum of understanding (MoU) with Amadeus, a global leader in travel technology, to facilitate a city-wide ecosystem for the rapid prototyping of travel tech solutions, and further enhance Dubai’s capabilities as a...

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Business & Money | Wednesday 26 February, 2025 11:29 am

e& reports AED10.8 billion in net profit in 2024

e& has delivered record financial performance in 2024, reporting a consolidated net profit of AED10.8 billion, an increase of 4.3 percent year-over-year (YoY). This milestone reflects three years of strategic transformation, reinforcing the Group’s position as a global technology group,...

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Business & Money | Wednesday 26 February, 2025 11:27 am

Al Yamamah Steel signs SAR 175M tower supply deal in Western Region

Al Yamamah Steel Industries Co. signed a contract worth SAR 174.91 million today, Feb. 25, with Hyundai Engineering & Construction Co.’s branch to supply steel towers for a 380 kV ultra-high voltage transmission line project in the Western Region. The contract has a...

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Business & Money | Wednesday 26 February, 2025 11:20 am

Riyadh Metro’s Qasr Al Hokm Station to open today

The Royal Commission for Riyadh City (RCRC) will inaugurate Qasr Al Hokm Metro Station today. 26 at 6 am Makkah time, as part of the Riyadh Metro project. Being among the four focal metro hubs, the new station connects the Blue and Orange lines with the Riyadh bus network, serving key...

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Business & Money | Wednesday 26 February, 2025 11:16 am

NDMC offers EUR 2.25B international bonds

The National Debt Management Center (NDMC) completed receiving investors' orders for the international Euro-denominated bonds under the Kingdom's Global Medium-Term Note Issuance Program (GMTN), at EUR 2.25 billion. The total order book reached around EUR 10 billion, which equals an...

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Business & Money | Wednesday 26 February, 2025 11:14 am

Riyad Bank redeems $1.5B Tier 2 sukuk

Riyad Bank announced the full redemption of its $1.5 billion fixed rate reset international Tier 2 sukuk due 2030, at face value, at the end of the fifth year on Feb. 25. Details of Redeemed SukukTypeUS-dollar denominated international Tier 2 sukukValue$1.5 blnRedemption...

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Business & Money | Wednesday 26 February, 2025 11:10 am

Equipment House wins SAR 53.2M Health Ministry project

Scientific and Medical Equipment House Co. (Equipment House) secured approval on Feb. 25 for a project worth SAR 53.16 million (including VAT) with Saudi Arabia’s Ministry of Health’s General Office. In a statement to Tadawul, Equipment House said the 24-month project involves replacing...

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Business & Money | Wednesday 26 February, 2025 11:08 am

SAL Logistics signs agreement with King Salman Humanitarian Aid and Relief Center

SAL Logistics Services, the leading provider of cargo handling and logistics solutions in the Kingdom, has signed a partnership agreement with the King Salman Humanitarian Aid and Relief Center (KSRelief) to provide integrated logistics services in support of the center’s efforts to deliver...

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