Business & Money | Wednesday 20 August, 2025 10:22 am

GIB Capital Announces Management of “Al Wuroud 2” Fund with SAR 1.5 Billion Investment in Taif

GIB Capital, one of the leading companies in asset management and in providing innovative banking, financial, and investment solutions, has announced the management of the “Al Wuroud 2” Fund — a closed-end private real estate fund — with investments exceeding SAR 1.5 billion. The fund is...

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Technology & IT | Wednesday 20 August, 2025 10:00 am

HONOR Magic V5 Sets New Guinness World Record for Foldable Smartphone Durability

In a remarkable demonstration of engineering prowess, the HONOR Magic V5 has officially entered the Guinness World Records by achieving the heaviest weight lifted by a suspended foldable smartphone. The device successfully lifted an impressive 104 kilograms, showcasing unprecedented durability in...

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Business & Money | Tuesday 19 August, 2025 3:50 pm

Cityscape Global Returns to Riyadh in November 2025

Cityscape Global, will return to the Exhibition and Convention Centre in Malham, Riyadh, from 17 - 20 November 2025. Held under the theme “The Future of Urban Living”, the event is sponsored by the Ministry of Municipalities and Housing (MOMAH) in partnership with the Real Estate General...

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Business & Money | Tuesday 19 August, 2025 11:54 am

Jahez secures SAR 150M facilities from NBB

Jahez International Company for Information System Technology obtained SAR 150 million worth of Shariah-compliant facilities from National Bank of Bahrain (NBB). The facilities were secured on Aug. 18, 2025, with a tenor of eight years, and will be used to fund capital...

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Business & Money | Tuesday 19 August, 2025 11:52 am

Tawuniya wins deal to provide health insurance services to NWC

The Company for Cooperative Insurance (Tawuniya) was awarded on Aug. 18 a contract with the National Water Co. (NWC) to provide cooperative health insurance services to the latter’s employees in accordance with the agreed terms and conditions, for a period of three years starting Aug. 25,...

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Business & Money | Tuesday 19 August, 2025 11:49 am

SAR to build new station in Al Zulfi

Saudi Arabia Railways (SAR) signed an agreement with the Cooperative for Logistics Services to build and operate a passenger station in Al Zulfi, Saudi Press Agency (SPA) reported. The deal adds a new passenger stop in Al Zulfi, making it the seventh station Al-Majmaah, Qassim on the North...

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Business & Money | Tuesday 19 August, 2025 11:47 am

Jabal Omar refinances SAR 2B facilities with Al Rajhi Bank

Jabal Omar Development Co. (JODC) signed on Aug. 18 a Murabaha financing agreement worth SAR 2 billion with Al Rajhi Bank to refinance existing facilities at improved terms, according to a statement to Tadawul. The financing facility has a tenor of five years, extendable for an additional...

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Business & Money | Tuesday 19 August, 2025 11:44 am

EGA to deliver first-ever CelestiAL-R billets to leading Japanese manufacturer Sankyo Tateyama

Emirates Global Aluminium, the largest industrial company in the United Arab Emirates and the world’s biggest ‘premium aluminium’ producer, today announced an agreement to supply of CelestiAL-R billets to Sankyo Tateyama, the leading Japanese manufacture of aluminium components for...

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Business & Money | Tuesday 19 August, 2025 11:41 am

MOHRE, e& money partner to facilitate wage payments for domestic workers

The Ministry of Human Resources and Emiratisation (MOHRE) and e& money, the fintech arm of e&, signed a Memorandum of Understanding (MoU) to provide wage protection services via the e& money platform. This enables individuals to manage salary payments for domestic workers in line with...

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Business & Money | Tuesday 19 August, 2025 11:39 am

UAE an inspiring model in improving government performance: Arab Investors Union

Gamal Bayoumi, Secretary-General of the Arab Investors Union, affirmed that the remarkable progress achieved by the United Arab Emirates in the Government Support Index 2025 reflects the forward-looking vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and continues the legacy of...

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