Chinese Commerce Minister Wang Wentao said Beijing plans to strengthen cooperation with Saudi Arabia in renewable energy and supply chains, and to expand bilateral trade. Wang told Saudi Investment Minister Khalid Al-Falih that both countries should work together to defend international trade...
Emaar the Economic City (Emaar EC) extended the maturity of its debt-to-equity conversion agreement with the Public Investment Fund (PIF) until Dec. 31, 2025, instead of Sept. 7, 2025, the company said in a statement to Tadawul. According to Argaam data, the company in March amended its...
The Cabinet, chaired by King Salman bin Abdulaziz, approved today, Aug. 26, the Law of Expropriation of Real Estate for Public Benefit and Temporary Taking of Property. Minister of Finance Mohammed Al-Jadaan, said the updated law aims to enhance the governance of property expropriation...
United Carton Industries Co. (UCIC) signed an offer letter to renew Shariah-compliant banking facilities with Saudi Awwal Bank (SAB) worth SAR 140 million. In a statement to Tadawul, the company said it secured the financing on July 16 for a one-year term ending on July 15, 2026. The...
Amlak International Finance Co. signed on Aug. 26, a Shariah-compliant credit facility agreement with Emirates NBD – Saudi Arabia valued at SAR 250 million. The company said in a statement on Tadawul that the four-year facility secured by an assignment of receivables to the bank and a...
Space42, the UAE-based AI-powered SpaceTech company announced today the signing of a comprehensive Memorandum of Understanding (MoU) with Angola's Military Intelligence and Security Service (SISM). The five-year strategic partnership covers advanced technology collaboration across multiple...
ADNOC announced today it has signed a 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated and diversified energy company, for the supply of 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) sourced primarily from...
Reem Finance and Abu Dhabi Securities Exchange (ADX), one of the region’s fastest-growing exchanges, signed two agreements to allow more investors access to IPOs and trade securities on ADX. The aim is to make the process faster, simpler and more accessible for a growing base of...
A total of AED1.48 billion real estate valuation transactions were carried out in Ajman in July 2025. Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the month of July witnessed 220 real estate valuation transactions,...
A new report from KAPSARC and Strategy& Middle East, part of the PwC network, finds that the Gulf Cooperation Council (GCC) could play a critical role in closing the global gap in recycled plastics—with demand projected to outstrip supply by up to 35 million tons by 2030. To seize this...