Business & Money | Wednesday 6 August, 2025 3:03 pm

Schneider Electric reports significant sustainability milestones in Q2 2025

Schneider Electric, the leader in the digital transformation of energy management and automation, today announced its Q2 2025 extra-financial results, marking a pivotal moment as the company enters the final stretch of its 2021–2025 Schneider Sustainability Impact (SSI) program. With six months...

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Business & Money | Wednesday 6 August, 2025 1:16 pm

Riyadh Infrastructure Projects Code to take effect from tomorrow

Riyadh Infrastructure Projects Center (RIPC) announced that the Riyadh Infrastructure Projects Code will come into effect starting tomorrow, Aug. 7. The code will serve as a unified regulatory and technical guide for infrastructure projects, and as a reference for government and service...

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Business & Money | Wednesday 6 August, 2025 11:51 am

MAWANI signs SAR 500M deal to establish marine bunkering hub at King Fahad Industrial Port

The Saudi Ports Authority (MAWANI) signed a land lease agreement with the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank) to build an integrated marine bunkering hub at King Fahad Industrial Port in Yanbu, with a total investment of SAR 500 million. The project...

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Technology & IT | Wednesday 6 August, 2025 11:41 am

Discover the Innovation & Technology Behind HONOR Magic V5 Ultra-slim Design

HONOR, a global leading AI device ecosystem company is set to launch the HONOR Magic V5 in the Middle East, the ultra-slim foldable phone at just 8.8mm. This new flagship foldable combines the ultra-slim design, the industry’s largest battery in a foldable, and HONOR's super strong hinge in one...

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Business & Money | Wednesday 6 August, 2025 9:58 am

Arab Sea secures SAR 26M credit facilities from Riyad Bank

Arab Sea Information Systems Co. secured on Aug. 5 Shariah-compliant credit facilities worth SAR 26 million from Riyad Bank. In a statement published today on Tadawul, the company said the facilities are intended to support Arab Sea’s expansion in government projects as part of efforts to...

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Business & Money | Wednesday 6 August, 2025 9:42 am

Saudi Azm wins project from Digital Government Authority

Saudi Azm for Communication and Information Technology Co. awarded a project to activate the omnichannel platforms of the Digital Government Authority. In a statement on Tadawul, Azm said that the project value exceeds 10% of its total revenue for the fiscal year 2024, as it aims to activate...

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Business & Money | Wednesday 6 August, 2025 9:41 am

Tam Development bags SAR 38M contract from government entity

Tam Development Co., listed on the Nomu- Parallel Market, announced that it was awarded, on August 5, a contract by a government entity for a total value of SAR 38 million, according to a statement to Tadawul. Under the contract, the company will provide digital and operational solutions...

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Business & Money | Wednesday 6 August, 2025 8:47 am

Dubai Centre for Family Businesses introduces three advisory services

The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has launched three new specialised advisory services to support the sustainable growth of family businesses. The initiative aims to strengthen the governance of family-owned enterprises operating in...

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Business & Money | Wednesday 6 August, 2025 8:45 am

Dubai Airshow 2025 launches future-facing conference programme to drive global aerospace innovation

Dubai Airshow 2025 has announced the agenda for its accompanying conference programme, designed to stimulate ideas, address industry transformations, and accelerate progress across the aviation, space, and defence sectors. The conference will take place from 17th to 21st November at the Dubai...

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Business & Money | Wednesday 6 August, 2025 8:25 am

DIB reports AED3.7 bn in net profit for H1/25

Dubai Islamic Bank (DIB) showcased another robust performance in the first half of 2025, with operating revenue of AED 6.4 billion, driving a 16% YoY increase in pre-tax profit to AED 4.3 billion. Double-digit growth in financing and deposits, coupled with improved asset quality, underpinned...

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