Business & Money | Sunday 1 June, 2025 11:09 am

ADES wins SAR 129M contract in Cameroon

ADES Holding Co. was awarded, on May 30, a contract by Addax Petroleum Cameroon Ltd., valued for approximately SAR 128.9 million including mobilization and start-up fees. Under the new contract, ADES will operate its Admarine 510 jack-up offshore rig in Cameroon, marking the company’s entry...

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Business & Money | Sunday 1 June, 2025 11:07 am

TDF Participates as “Strategic Partner” in Aseer Investment Forum

Under the patronage of HRH Prince Turki bin Talal bin Abdulaziz, Governor of the Aseer Region and Chairman of the Aseer Development Authority, the Tourism Development Fund (TDF) -the national enabler of the tourism sector- took part in the 2nd edition of the Aseer Investment Forum. The forum...

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Business & Money | Sunday 1 June, 2025 11:03 am

RAKEZ concludes series of strategic engagements across China to boost bilateral cooperation

Ras Al Khaimah Economic Zone (RAKEZ) successfully concluded a multi-city business mission across China, further solidifying its role in advancing UAE-China trade and investment relations. The delegation participated in several high-level B2B engagements, the prestigious ‘UAE – China (Sichuan)...

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Business & Money | Sunday 1 June, 2025 11:01 am

Gridora signs inaugural MoU with Abu Dhabi Projects and Infrastructure Centre to accelerate delivery of transport infrastructure projects worth AED 35 billion

Gridora, the new infrastructure platform established by ADQ, IHC and Modon Holding, has signed its first Memorandum of Understanding (MoU) with Abu Dhabi Projects and Infrastructure Centre (ADPIC) for the delivery of high-impact transport infrastructure projects. The agreement marks a key milestone ...

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Business & Money | Sunday 1 June, 2025 10:59 am

du and Transguard Group join forces to drive digital transformation

 du, the leading telecom and digital services provider, today signed a Memorandum of Understanding (MoU) with Transguard Group, the region’s leading business support and outsourcing provider. The partners aim to collaborate across various domains, fostering innovation, efficiency, and...

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Business & Money | Sunday 1 June, 2025 10:55 am

Ministry of Industry and Advanced Technology Partners with Sinaha to Empower Industrial Sector and Boost Competitiveness of Local Products Under the Umbrella of Make it in the Emirates

The Ministry of Industry and Advanced Technology (MoIAT) and Sinaha — an e-commerce platform dedicated to supporting Emirati-made goods — have signed a partnership aimed at enhancing the competitiveness of national products. Through the partnership, Sinaha will design a national digital...

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Business & Money | Sunday 1 June, 2025 9:29 am

Soudah Development Completes First Phase of Emergency Repairs at “Sheikh’s Fortress” Heritage Site in Rijal Almaa

Soudah Development, a Public Investment Fund company, has announced the completion of the first phase of emergency repairs at the historic “Sheikh’s Fortress” site in Rijal Almaa. It is one of the heritage sites located in Jareen, one of the six development zones within the Soudah Peaks...

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| Saturday 31 May, 2025 8:36 am

Saudi Arabia awards exploration license for Jabal Sayid 3 site

The Ministry of Industry and Mineral Resources awarded an exploration license for Jabal Sayid 3 to a consortium of Polyus Mining Co. and TransOceanic Mineral Co.   The site is part of Saudi Arabia’s first mineralized belts.   In a post on X, the ministry said the...

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Government | Saturday 31 May, 2025 8:29 am

Saudi Arabia to maintain current pace of govt spending: Al-Jadaan

Saudi Arabia intends to maintain its current pace of government spending despite widening budget and current account deficits, as well as rising public debt, Finance Minister Mohammed Al-Jadaan has said.   Al-Jadaan added that he is not concerned about the fiscal deficit reaching up...

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Environment & Energy | Saturday 31 May, 2025 8:23 am

Saudi Aramco to maintain borrowing for growth; debt remains lowest among peers: CEO

Saudi Arabian Oil Co. (Saudi Aramco) is targeting more borrowing to finance growth and better leverage its balance sheet, CEO Amin Nasser said, adding that the oil giant will continue to tap bond markets moving forward.   In an interview with Bloomberg TV, the top executive indicated ...

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