Business & Money | Monday 2 June, 2025 10:32 am

UAE participates in Ministerial Meeting of GCC Financial and Economic Cooperation Committee

The UAE has taken part in the 123rd Ministerial Meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee, held today in Kuwait, bringing together the Ministers of Finance of the GCC member states. Led by Mohamed bin Hadi Al Hussaini, Minister of State for...

More Details

Business & Money | Monday 2 June, 2025 10:26 am

MOCCAE, Emirates Growth Fund to power UAE SMEs driving food security, AgriTech

The Ministry of Climate Change and Environment (MOCCAE) has signed a Memorandum of Understanding (MoU) with Emirates Growth Fund (EGF) to catalyse the growth of UAE-based companies shaping the future of food, agriculture, and environmental resilience. The agreement was signed during the...

More Details

Business & Money | Monday 2 June, 2025 10:12 am

First Avenue renews, increase SAR 320M credit facilities with Alinma Bank

First Avenue for Real Estate Development Co. renewed and increased a SAR 320 million Shariah-compliant credit facilities from Alinma Bank to support its expansion plans and the execution of its real estate projects. In a statement to Tadawul, the company said that the five-year facilities...

More Details

Business & Money | Monday 2 June, 2025 9:09 am

Industry Ministry to set up 3 mining complexes in Riyadh, Makkah

The Ministry of Industry and Mineral Resources has allocated three sites for the establishment of mining complexes in Riyadh and Makkah regions, ministry spokesperson Jarrah bin Mohammed Al-Jarrah said in a statement. The allocated sites include two complexes in the Riyadh region—the first...

More Details

Business & Money | Sunday 1 June, 2025 12:09 pm

Arab Sea wins SAR 17.2M project from King Abdulaziz University Hospital

Arab Sea Information Systems Co. received a notice from King Abdulaziz University Hospital for a project award worth SAR 17.2 million, including VAT. In a Tadawul statement, the company said the project aims to deliver managed services for computer operations over 36 months. The...

More Details

Business & Money | Sunday 1 June, 2025 12:06 pm

Sharjah Entrepreneurship Centre hosts first edition of Sheraa Deal Dock

The Sharjah Entrepreneurship Centre (Sheraa) hosted the first edition of Sheraa Deal Dock on May 29th at its headquarters, bringing together around 200 startups and bridging them with a network of active investors. The event also witnessed the signing of a Memorandum of Understanding (MoU)...

More Details

Business & Money | Sunday 1 June, 2025 12:04 pm

UAE-Serbia Comprehensive Economic Partnership Agreement officially comes into force

The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and the Republic of Serbia has officially come into force, marking a significant milestone in the deepening of economic ties between the two nations. The agreement is set to foster enhanced trade and investment ...

More Details

Business & Money | Sunday 1 June, 2025 11:24 am

Sharjah to host 29th World Investment Conference

In a significant step that underscores the UAE’s prominence on the global investment map, the Sharjah FDI Office (Invest in Sharjah), in collaboration with the World Association of Investment Promotion Agencies (WAIPA) and the UAE Ministry of Investment, has announced the 29th edition of the...

More Details

Business & Money | Sunday 1 June, 2025 11:19 am

ADNOC expands its STEM Education Programme to empower UAE students in AI

ADNOC has expanded its Science, Technology, Engineering and Mathematics (STEM) education programme to empower UAE students in artificial intelligence (AI) and advanced technology through an initiative called ‘STEM for Life: Future of AI Schools Challenge’ which held the finals today at the Abu...

More Details

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...

More Details