Business & Money | Sunday 23 February, 2025 10:28 am

Estonia Enhances Global Defence Innovation Through Strategic Alliances

 Estonia is enhancing its defence innovation through strategic alliances globally. His Excellency (H.E.) Hanno Pevkur, Estonia’s Minister of Defence, visited the UAE and attended the IDEX 2025 conference—the global stage for defence innovation and collaboration. Investment in European ...

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Business & Money | Sunday 23 February, 2025 10:23 am

Dubai Maritime Authority Launches Project to Expand Telecommunications Coverage in Dubai Waters

Dubai Maritime Authority, part of the Ports, Customs, and Free Zone Corporation, has launched a project to expand telecommunications network coverage in Dubai waters in collaboration with three strategic partners. The announcement was made during the Dubai International Boat Show 2025 in the...

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Business & Money | Sunday 23 February, 2025 10:19 am

BAMX Properties officially launches in the UAE

BAMX Properties – a forward-thinking real estate developer renowned internationally for its commitment to quality, sustainability, and luxury – has announced its official launch in the UAE. The company held a special launch event last night at the 5-star H Hotel in Dubai. With a legacy...

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Business & Money | Sunday 23 February, 2025 10:17 am

EDGE Group and SIATT Announce Deal with the Brazilian Navy for Advanced MANSUP Anti-ship Missiles

EDGE, one of the world’s leading advanced technology and defence groups, has announced that SIATT will be awarded a deal by the Brazilian Navy to supply advanced MANSUP anti-ship missiles, which will be integrated onto its upcoming fleet of Tamandaré class stealth frigates. The agreement was...

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Business & Money | Sunday 23 February, 2025 10:10 am

Deloitte unveils Dubai’s Real Estate Predictions report for 2025, with 2024 figures showing 20% rise in residential sales prices, 19% in rentals

Deloitte, the leading global professional services firm, has released its annual Dubai Real Estate Predictions report for 2025, highlighting another strong year for the real estate market across all sectors. The Emirate’s reputation as a safe-haven for investors remains solid, bolstered by a 5%...

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Business & Money | Sunday 23 February, 2025 9:17 am

Minister of Commerce approves actual beneficiary rules

Minister of Commerce Majid Al-Kassabi approved the actual beneficiary rules, which will take effect on April 3, 2025, the official gazette Umm Al-Qura reported on Friday. The rules aim to enhance corporate transparency in line with international standards and establish a database for recording ...

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Business & Money | Saturday 22 February, 2025 10:34 am

Saudi Arabia among top attractive destinations for investors: Al-Falih

Saudi Arabia is deemed one of the top ten most attractive destinations for investment and investors worldwide, reflecting the growing confidence of the international community in investment in the Kingdom, said Minister of Investment Khalid Al-Falih.   In a speech at the FII Priority ...

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Business & Money | Saturday 22 February, 2025 10:29 am

PIF does not target annual, quarterly profit; satisfied with ret

Abdulmajeed Alhagbani, Head of Securities Investments, MENA Investments Division, at the Public Investment Fund (PIF), said the Saudi market has a unique advantage, especially for Asian investors.   Assets are priced in riyal, which is pegged to the US dollar, which provides relative ...

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Business & Money | Saturday 22 February, 2025 6:11 am

Saudi Real Estate Refinance Company (SRC) Completes Pricing of its First USD 2 Billion International Sukuk Offering

 The Saudi Real Estate Refinance Company (SRC), a PIF Company, has successfully completed the pricing of its first government-guaranteed international Sukuk, valued at USD 2 billion. The issuance, structured in two tranches with maturities of three and ten years, was oversubscribed 6 times,...

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Business & Money | Friday 21 February, 2025 12:57 am

CONNECT-PS and Al-Haddad Group Forge Strategic Joint Venture in Saudi Arabia

CONNECT-PS, a leading provider of Information Technology solutions and services, announced a groundbreaking joint venture with Al-Haddad Group in Saudi Arabia. This strategic alliance marks a significant milestone in CONNECT-PS’s ambitious growth trajectory and supports its expansion plans in the ...

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