Business & Money | Monday 25 August, 2025 10:02 am

TAQA to expand global water platform through US$1.2 billion Acquisition of GS Inima

Abu Dhabi National Energy Company (TAQA) today announced that it has signed an agreement to acquire a 100% interest in GS Inima, a global leader in water treatment and water desalination, from GS Engineering & Construction. The transaction, valued at approximately US$1.2 billion, will...

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Business & Money | Monday 25 August, 2025 10:00 am

Creators HQ attracts 2,415 active members from 147 countries with combined following of over 2 billion

Creators HQ, the first headquarters for content creators in the UAE and the Middle East, has seen a strong response from top content creators. In six months, it attracted 2,415 active members from 147 countries as part of its strategy to position the UAE as the global capital of the content...

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Business & Money | Monday 25 August, 2025 9:56 am

Cityscape Global to showcase major opportunities following Saudi Arabia’s landmark Foreign Homeownership Law

Cityscape Global 2025, the world’s most attended real estate event, will serve as the premier platform to explore the transformative impact of Saudi Arabia’s newly approved foreign homeownership law. The announcement, which opens designated zones across the Kingdom to foreign property ownership ...

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Business & Money | Monday 25 August, 2025 9:48 am

Cityscape Global 2025 to Highlight AI and PropTech’s Potential to World’s Leading Real Estate Players

Cityscape Global 2025, the world’s most attended real estate event, will place Artificial Intelligence and technology at the heart of its agenda this November, showcasing how innovation is reshaping the built environment globally, and enabling the GIGA projects and mega developments that are part ...

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Business & Money | Monday 25 August, 2025 9:38 am

MoneyGram Expands Collaboration with Tahweel Alrajhi to Strengthen Receive Network Across Saudi Arabia

MoneyGram, a leading global payments and money transfer company, today announced a significant expansion of its receive network in Saudi Arabia through an enhanced partnership with Tahweel Alrajhi, the remittance arm of alrajhi bank – one of the Kingdom’s largest and most trusted financial...

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Business & Money | Monday 25 August, 2025 9:00 am

Investment Ministry: 34 licenses issued for regional HQs in Q2 2025

The Ministry of Investment stated that 34 licenses were issued for regional headquarters in Saudi Arabia during the second quarter of 2025. According to Argaam data, the decision to halt government contracts with any foreign company or commercial entity without a regional headquarters in the...

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Business & Money | Monday 25 August, 2025 9:00 am

SRC launches Saudi Arabia's 1st RMBS transaction

Saudi Real Estate Refinance Co. (SRC) launched the first-ever residential mortgage-backed securities (RMBS) transaction in the Kingdom. This landmark transaction is part of SRC’s efforts to develop the local market and enhance liquidity in the real estate finance sector by introducing, for...

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Technology & IT | Sunday 24 August, 2025 5:43 pm

HONOR Equipped Team Falcons with HONOR Magic7 Pro to Dominate at EWC 2025

Esports had grown into more than just gaming, it became a global stage for innovation, skill, and high-level competition, and HONOR was proud to be part of this evolution. To support that vision, HONOR partnered with Team Falcons, one of the Middle East’s leading esports organizations,...

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Business & Money | Sunday 24 August, 2025 10:55 am

Almoosa secures SAR 650M credit facility from BSF

Almoosa Health Co. signed, on Aug. 21, a Shariah-compliant credit facility agreement with Banque Saudi Fransi (BSF) at a total value of SAR 650 million. The facility will extend over a period of seven years, and will be guaranteed by a promissory note, the company said in a statement to...

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Business & Money | Sunday 24 August, 2025 10:53 am

ACWA Power, SEC secure SAR 12.8B financing for Rumah 1, Nairyah 1 power projects

ACWA Power and Saudi Electricity Co. (SEC) announced the financial close of two gas-fired combined-cycle power plant projects — Rumah 1 and Nairyah 1, the companies said in two separate Tadawul statements. The financing amounted to SAR 12.8 billion ($3.4 billion) and has a duration of...

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