Business & Money | Monday 26 May, 2025 9:51 am

CNTXT AI and Beam Partner to Tackle the Gulf’s $5.4 Billion AI Agent Opportunity

CNTXT AI, a Data and AI enabler driving AI readiness through sovereign infrastructure and high-quality data, has signed a strategic Memorandum of Understanding (MoU) with Beam AI, the leading platform for AI agents. Together, the two companies will deliver secure, scalable, and localized AI agents...

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Business & Money | Monday 26 May, 2025 9:39 am

ADNOC’s listed companies post strong Q1 results with over US$2.3 billion net profit

ADNOC Group's publicly traded portfolio companies combined to deliver over $2.3 billion (AED8.4 billion) in first quarter net profit, reflecting their resilient business models and ability to generate robust profits in evolving market conditions. Each of the six companies delivered strong...

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Business & Money | Monday 26 May, 2025 9:36 am

Pan Gulf obtains SAR 70M credit facility from SAB

Pan Gulf Marketing Co. obtained SAR 70 million Shariah-compliant credit facilities from Saudi Awwal Bank (SAB), according to a statement to Tadawul. The one-year financing, which involves no related parties, is secured by a promissory note and a corporate guarantee. Pan Gulf will utilize...

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Business & Money | Monday 26 May, 2025 9:33 am

Saudi economic growth to accelerate in 2025, 2026: Riyad Capital

Riyad Capital expects the Saudi economic growth to accelerate in 2025 and 2026, with non-oil activities maintaining a robust growth trajectory, while oil activities are anticipated to rebound. “We project continued solid growth for non-oil activities, fostered by a growth-oriented fiscal...

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Business & Money | Monday 26 May, 2025 9:11 am

NCLE to set up 3 educational complexes in Riyadh, Jeddah at SAR 168M

National Company for Learning and Education (NCLE) announced in a statement to Tadawul that its board of directors on May 25 approved a project to establish an educational complex at an estimated capacity of 2,000 students on the land plot located in Ishbiliyah district, Riyadh, at an estimated...

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Business & Money | Monday 26 May, 2025 9:07 am

Forbes Middle East launches 'Building the Future Summit' in Abu Dhabi

Forbes Middle East is gearing up to launch the first edition of its Building the Future Summit, taking place on May 26-27, 2025, at Berklee Abu Dhabi. The summit will bring together an exclusive cohort of real estate leaders, investors, innovators, and architects from across the region and around...

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Business & Money | Monday 26 May, 2025 9:06 am

Expo Khor Fakkan set to host 4th Mango Festival on June 27

The organising committee of the 4th Mango Festival held a coordination meeting as part of ongoing preparations for the upcoming edition of the festival. Organised by the Sharjah Chamber of Commerce and Industry (SCCI) in collaboration with the Municipal Council of Khor Fakkan and Khor Fakkan...

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Business & Money | Monday 26 May, 2025 8:05 am

Ministry of Finance organises workshop on government balance sheet preparation in collaboration with IMF

The Ministry of Finance, in collaboration with the International Monetary Fund (IMF), organised a specialised workshop titled "Preparing the Government Balance Sheet According to the GFSM 2014 Guidelines" in Dubai.The event brought together representatives from the Ministry of Finance, the Central...

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Business & Money | Monday 26 May, 2025 8:00 am

Ajman Chamber explores stronger ties with Chinese investors

Ali Rashid Al Kaitoob, Executive Director of the Studies and Investment Development Sector at the Ajman Chamber, affirmed the chamber's keenness to enhance economic cooperation with Chinese investors, leveraging growing UAE–China ties. In statements to the Emirates News Agency (WAM) during...

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Business & Money | Monday 26 May, 2025 7:46 am

National Water Company and Upsource by Solutions Collaborate to Enhance Customer Services in Saudi Water Distribution Sector

National Water Company (NWC) and upsource by solutions, a subsidiary of solutions by stc and a leading provider of business process outsourcing services, announced the signing of a strategic agreement aimed at developing and enhancing customer experience management services in Saudi Arabia’s...

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