Business & Money | Tuesday 18 February, 2025 10:38 am

BinDawood Holding acquires Zahrat Al Rawdah; deal value changed to SAR 441.1M

BinDawood Holding Co. completed its acquisition of 100% of Zahrat Al Rawdah Pharmacies LLC for SAR 441.1 million, the company announced in a statement to Tadawul. The final price was reduced from the initially reported figure, according to the share purchase agreement. All...

More Details

Business & Money | Tuesday 18 February, 2025 10:33 am

ACWA Power pens SAR 8.6B deal for Egypt's Hurghada wind project

Saudi Minister of Energy Prince Abdulaziz bin Salman announced that ACWA Power Co. signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Co. for a 2-gigawatt wind energy project in South Hurghada. The project, the largest of its kind in Egypt, is...

More Details

Business & Money | Tuesday 18 February, 2025 10:31 am

NWC lifts Riyadh’s Heet plant capacity to 400,000 m3/day at SR 387m+

The National Water Company (NWC), represented by its Central Cluster, has completed the implementation of the third phase of the wastewater treatment plant (STP) south of the capital, Riyadh. This is part of the company’s ongoing efforts to strengthen infrastructure in the environmental services...

More Details

Business & Money | Tuesday 18 February, 2025 10:27 am

Msheireb Properties Announces 2025 Innovation in Design Awards in Partnership with Fast Company Middle East

Msheireb Properties announced the 2025 Innovation in Design Awards, a prestigious initiative in partnership with Fast Company Middle East that champions creativity, innovation, and sustainability in design and architecture. With an expanded list of categories, the second annual awards will...

More Details

Business & Money | Tuesday 18 February, 2025 9:19 am

MAESTRAL, the EDGE-Fincantieri Joint Venture, to be awarded €500 million UAE Navy Support Contract

 EDGE, one of the world’s leading advanced technology and defence groups, and Fincantieri, one of the world’s leading groups in high-complexity shipbuilding, announced today that MAESTRAL, their Abu Dhabi-based shipbuilding joint venture, will be awarded a major ‘In-Service Support...

More Details

Business & Money | Tuesday 18 February, 2025 9:15 am

ASB Capital Launches in the DIFC Bridging Regional and Global Markets

ASB Capital, a purpose-driven asset management firm licensed by the Dubai Financial Services Authority (DFSA), has commenced operations in the Dubai International Financial Centre (DIFC) with a starting AUM of $4.5 billion. The firm is set to offer a diverse portfolio of wealth and asset management ...

More Details

Business & Money | Tuesday 18 February, 2025 9:13 am

Abu Dhabi to further enhance trade and investments with China

The Abu Dhabi Department of Economic Development (ADDED) is leading the emirate’s economic delegation to China as part of ongoing efforts to further strengthen partnerships with leading economies and cement Abu Dhabi’s stature as global magnet for talent, businesses, and investments. With...

More Details

Business & Money | Tuesday 18 February, 2025 9:07 am

RED SEA INTERNATIONAL FILM FESTIVAL ANNOUNCES DATES FOR ITS FIFTH EDITION IN 2025

The Red Sea International Film Festival (RSIFF) today announced the dates for its highly anticipated fifth edition, set to take place from December 4-13 at its permanent home in Al-Balad, historical Jeddah, Saudi Arabia. Marking a major milestone, RSIFF’s fifth anniversary promises to build...

More Details

Business & Money | Tuesday 18 February, 2025 8:58 am

Emirates Health Services and Dell Technologies Sign MoU to Enhance Digital Infrastructure in the Healthcare Sector

Emirates Health Services (EHS) and Dell Technologies have signed a Memorandum of Understanding (MoU) to drive advancements in digital infrastructure by providing EHS with advanced artificial intelligence (AI) and cybersecurity technologies, paving the way for transformative changes in the UAE’s...

More Details

Business & Money | Tuesday 18 February, 2025 8:56 am

Kazakhstan Stock Exchange JSC (KASE) Goes Live on Tabadul Platform

Almaty hosted an international conference organized by Kazakhstan Stock Exchange JSC (KASE) dedicated to the Exchange joining the international trading platform Tabadul Hub. KASE is the the sixth stock market to join Tabadul. In August 2024, KASE and KASE Clearing Center JSC (KACC) officially...

More Details