Business & Money | Thursday 24 July, 2025 12:01 pm

Naseej Tech inks SAR 18.4M contract with King Khalid University

Naseej for Technology Co. (Naseej Tech) signed on July 23 a contract for the operation and maintenance of eLearning at King Khalid University, at SAR 18.39 million (VAT inclusive). According to a statement to Tadawul, the company pointed out that the project aims to provide professional...

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Business & Money | Thursday 24 July, 2025 11:56 am

Qomel renews SAR 52M credit facility with SNB

Qomel Co. renewed a SAR 52 million Shariah-compliant credit facility with Saudi National Bank (SNB), the company said in a statement to Tadawul. The one-year financing facility was secured on July 23 and will be used to finance various projects. The facility is backed by a promissory note ...

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Business & Money | Thursday 24 July, 2025 11:52 am

Al-Falih inaugurates SAR 375M Al-Jawhara Tower project in Syria

Minister of Investment Khalid Al-Falih laid the foundation stone for Al-Jawhara Tower project in the Syrian capital, Damascus, with a total investment exceeding SAR 375 million. Al-Jawhara Tower is a fully integrated real estate development that combines business, hospitality, and retail...

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Business & Money | Thursday 24 July, 2025 11:42 am

UAB, Lune partner to deliver AI-powered, personalised banking experiences

United Arab Bank (UAB) has announced a strategic partnership with Lune, a leading UAE-based fintech company specialising in AI-driven transaction enrichment and financial data analytics solutions. This collaboration is set to enhance UAB’s upcoming mobile banking experience by delivering...

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Business & Money | Thursday 24 July, 2025 11:34 am

Arada awards AED678 million contract to build Armani Beach Residences

Arada has awarded the main construction contract for the ultra-luxury Armani Beach Residences at Palm Jumeirah to a subsidiary of global construction giant China Railway Group Ltd (CREC). Valued at AED678 million, the contract will result in the development of the landmark project by the end...

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Business & Money | Thursday 24 July, 2025 11:26 am

SIB signs agreement with Alawneh Exchange to strengthen financial connectivity between UAE, Jordan

Sharjah Islamic Bank (SIB) has announced the signing of a strategic cooperation agreement with Alawneh Exchange, one of the largest exchange companies in the Hashemite Kingdom of Jordan. This milestone agreement marks a significant step in enhancing regional partnerships and advancing...

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Business & Money | Thursday 24 July, 2025 11:24 am

Sharjah real estate transactions surge 48.1% to AED27 billion in H1 2025

Sharjah’s real estate sector recorded AED27 billion in transactions during the first half of 2025, a 48.1 percent increase from AED18.2 billion in the same period last year. Additionally, the number of transactions carried out by the Sharjah Real Estate Registration Department reached...

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Business & Money | Thursday 24 July, 2025 9:03 am

Al Rajhi REIT inks new lease agreement with 55% rise in rental income

Al Rajhi REIT Fund announced the early termination of the lease contract with Alfaris International Schools ahead of the original June 30, 2026 expiry date, the fund manager Al Rajhi Capital stated, adding that a new lease agreement was signed with Al Rowad International Schools Co. The...

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Business & Money | Thursday 24 July, 2025 9:00 am

National Building raises subsidiary’s capital to SAR 300M

National Building and Marketing Co. (NBM) increased the capital of its subsidiary, Ajeej Steel Manufacturing Co. (a closed joint stock company), from SAR 180 million to SAR 300 million. In a statement to Tadawul, NBM said the subsidiary’s share capital will be raised from 180 million to 300...

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Business & Money | Wednesday 23 July, 2025 3:50 pm

DP World mobilises $1 billion to boost trade flow

DP World Trade Finance has mobilised over US$1 billion in working capital for businesses across emerging markets, helping close the global trade finance gap and keep goods moving through some of the world’s most challenging economic environments. This milestone was achieved through a...

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