Business & Money | Monday 18 August, 2025 12:49 pm

Saudi Wood Expo returns to Riyadh from 1-3 September unlocking opportunities across the Kingdom’s $1 billion wood and woodworking sector

Saudi Arabia’s booming construction sector, backed by over $1.25 trillion in planned or active projects, is fuelling a sharp rise in demand for wood and woodworking solutions across commercial and residential developments (Source: Knight Frank). With mega and giga projects such as Diriyah,...

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Business & Money | Monday 18 August, 2025 12:00 pm

Sumou wins SAR 135M project in Jeddah

Sumou Real Estate Co. was awarded a project in Obhur Al-Janoubiyah district of Jeddah by Diyar Real Estate Development Fund Co., which represents a real estate fund managed by SEDCO Capital. The project is valued at approximately SAR 135 million (excluding VAT), according to a statement...

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Business & Money | Monday 18 August, 2025 12:00 pm

Tadawul to study feasibility of Damascus Stock Exchange project: Al-Falih

Saudi Investment Minister Khalid Al-Falih said the Saudi Stock Exchange (Tadawul) has launched preparations for a comprehensive feasibility study on establishing and operating a Damascus Stock Exchange. Speaking at the opening of the Saudi-Syrian roundtable, Al-Falih added that Saudi Arabia...

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Business & Money | Monday 18 August, 2025 12:00 pm

Riyadh Air, SATS Saudi Arabia tie-up to provide cargo handling services

Riyadh Air, the Kingdom’s new national carrier, signed a five-year strategic partnership with SATS Saudi Arabia Co., a subsidiary of SATS Ltd (SATS), to provide comprehensive cargo handling services at key airports across the Kingdom. The agreement includes major cargo operations at the...

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Business & Money | Monday 18 August, 2025 12:00 pm

IFZA launches new Free Zone in Panama

IFZA, one of the world’s most dynamic and fastest-growing Free Zone communities, has announced the launch of IFZA Panama, a landmark step in its global expansion strategy. The new Free Zone in Panama City marks IFZA’s first physical presence in Latin America and reinforces its commitment...

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Business & Money | Monday 18 August, 2025 12:00 pm

Awqaf Dubai’s endowment shares portfolio surpasses AED9 million in H1

The Endowments and Minors’ Trust Foundation in Dubai (Awqaf Dubai) announced that the value of its endowment shares portfolio surpassed AED9 million by the end of the first half of 2025, marking a 4.7 percent increase from the same period last year. According to a report by Awqaf Dubai’s...

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Business & Money | Monday 18 August, 2025 12:00 pm

UAE firm begins construction of 50 MW solar project in Central African Republic

UAE-based Global South Utilities (GSU), a Resources Investment Company, has officially broken ground on a 50-megawatt solar photovoltaic (PV) power plant in Sakaï, Central African Republic (CAR), marking a major step forward in the country’s energy access and clean energy transition. The...

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Business & Money | Monday 18 August, 2025 12:00 pm

Education Interface announces success of inaugural edition of National Youth Finance Pioneers programme

Education Interface has announced the landmark success of the inaugural edition of the National Youth Finance Pioneers (NYFP) programme, developed under its initiatives in partnership with First Abu Dhabi Bank (FAB) and with the support of the Ministry of Education (MoE), and held under the...

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Business & Money | Monday 18 August, 2025 12:00 pm

Masdar allocates over US$1.685 billion of green bond proceeds

Abu Dhabi Future Energy Company PJSC (Masdar), a global clean energy leader, today published its 2024 Green Finance Report, outlining the renewable energy projects financed by Masdar’s green bond issuances and impacts achieved. More than US$1.685 billion in green bond proceeds from 2023 and...

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Business & Money | Monday 18 August, 2025 12:00 pm

Nakheel awards AED2.6 billion contract for Bay Villas project in Dubai

Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth AED2.6 billion to Fibrex Contracting for the construction of the Bay Villas project at the Dubai Islands. Featuring 636 luxury units across five distinct property types, Bay Villas represents Nakheel's newest...

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