Business & Money | Wednesday 11 June, 2025 10:19 am

RAKEZ to showcase UAE business opportunities at Egypt’s premier construction expo

Ras Al Khaimah Economic Zone (RAKEZ) is set to participate in the fifth edition of Big 5 Construct Egypt, the country’s largest and most influential construction industry event, taking place from 17 to 19 June 2025 at the Egypt International Exhibition Center (EIEC) in Cairo. With Egypt’s...

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Business & Money | Wednesday 11 June, 2025 10:16 am

ADNOC Gas takes final investment decision, awards $5 bn in contracts for first phase of its Rich Gas Development Project

ADNOC Gas Plc and its subsidiaries (together referred to as “ADNOC Gas” or the “Company”) announced today it has taken a FID and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) Project, marking a key milestone in the company’s largest-ever capital...

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Business & Money | Wednesday 11 June, 2025 10:09 am

Borouge, ADNOC L&S enter $531 million partnership to accelerate UAE petrochemical exports

Borouge Plc and ADNOC Logistics & Services Plc (ADNOC L&S) have entered a 15-year strategic partnership that will support a significant increase in the production and export of petrochemicals from the UAE. The mutually beneficial service agreement will deliver a minimum guaranteed...

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Business & Money | Wednesday 11 June, 2025 10:06 am

Clemta unlocks faster access to U.S. business banking for Gulf-based startups


Clemta’s new feature streamlines U.S. business setup for global entrepreneurs, removing early-stage banking delays and easing entry to the world’s largest venture capital market. Dubai – Clemta, a global digital platform, has launched a new capability for global entrepreneurs to...

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Business & Money | Wednesday 11 June, 2025 10:00 am

SEDCO Capital REIT board OKs Palm View acquisition for SAR 650M

SEDCO Capital, manager of the SEDCO Capital REIT Fund, announced that the fund’s board of directors signed a purchase agreement and completed the acquisition of Palm View office complex in Riyadh for SAR 650 million (excluding any acquisition-related fees). Located at Ad Diriyah, the...

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Business & Money | Wednesday 11 June, 2025 9:58 am

Cenomi Centers sells land plot in Al-Kharj for SAR 100M

Arabian Centres Co. (Cenomi Centers) announced the sale of a land plot to Saleh Mohammed Alsedairy in Al-Kharj city, located on the Riyadh-Al-Kharj Road, for SAR 100 million (excluding real estate transaction tax and brokerage fees). According to a statement on Tadawul, this transaction is...

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Business & Money | Wednesday 11 June, 2025 9:35 am

Wipro Strengthens Middle East Presence with New Regional Headquarters in Riyadh

 Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced the relocation of its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. The new office in Riyadh was inaugurated in a ceremony attended by the ...

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Business & Money | Wednesday 11 June, 2025 8:44 am

Fitch expects M&A activity to accelerate in Saudi insurance sector

Fitch Ratings expects insurance market consolidation in Saudi Arabia to accelerate in the next two years, driven by tighter capital rules and weak underwriting profitability due to intense price competition. Some smaller insurers may struggle to meet new requirements or stay profitable,...

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Business & Money | Tuesday 10 June, 2025 4:13 pm

Saudi Arabia resumes Umrah visas for international pilgrims today

Saudi Arabia resumed today, June 10, issuing Umrah visas to international pilgrims, Ministry of Hajj and Umrah’s 2025-2026 Umrah calendar showed. The ministry will issue Nusuk Umrah permits starting June 11. In the Umrah season calendar, the ministry clarified that it will stop...

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Business & Money | Tuesday 10 June, 2025 4:04 pm

Saudi Electricity says operating plan of Hajj 2025 season ‘successful’

Saudi Electricity Co. (SEC) announced the “successful” completion of the operational plan for the Hajj 2025 season, with no power outages or emergency disruption affecting the public electrical grid in Makkah and the Holy sites. On its official X account, SEC said it registered the...

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