Business & Money | Thursday 7 August, 2025 9:55 am

Jabal Omar raises land sale price in Makkah by SAR 21M

Jabal Omar Development Co. signed an addendum to the land sale agreement within its Makkah-based project with Azhar Co., which includes amending the sale price from SAR 1.14 billion to SAR 1.16 billion, an increase of SAR 21 million. According to a statement to Tadawul, the company said that...

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Business & Money | Thursday 7 August, 2025 9:53 am

Dubai Aerospace Enterprise reports $843.6 million H1 revenue

Dubai Aerospace Enterprise (DAE) reported a 24% year-on-year increase in revenue to US$843.6 million for the first half of 2025, up from $679.2 million in the same period last year. Profit before tax surged 228 percent to $506.8 million, compared with $154.3 million in H1 2024, supported by...

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Business & Money | Thursday 7 August, 2025 9:49 am

UAE Ambassador meets ACS Secretary-General to strengthen partnership

Hazza Al Kaabi, UAE Ambassador to the Republic of Cuba, met with Noemí Espinoza Madrid, the newly appointed Secretary-General of the Association of Caribbean States (ACS), at ACS Secretariat headquarters, as part of an official visit to the Republic of Trinidad and Tobago. This meeting...

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Business & Money | Thursday 7 August, 2025 9:38 am

United Arab Bank successfully raises AED1.03 billion through Rights Issue

United Arab Bank (UAB), listed on the Abu Dhabi Securities Exchange (ADX) announced the successful completion of its capital increase, which ended on July 29, 2025. The Rights Issue raised AED1,031 billion increasing the Bank’s issued capital from AED2,062 billion to AED3,093 billion. The...

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Business & Money | Thursday 7 August, 2025 9:36 am

Shamal Holding unveils Naïa Island Dubai

Shamal Holding, the Dubai-based diversified investment firm, today unveiled Naïa Island Dubai, a landmark private estate set to redefine ultra-luxury living in the region. At its heart, the island hosts the region’s first Cheval Blanc maison, which promises to set new standards for...

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Business & Money | Thursday 7 August, 2025 9:34 am

MoF partners with Institute of Management Accountants to launch CMA, FMAA certifications

The Ministry of Finance (MoF) has signed a strategic Memorandum of Understanding (MoU) with the Institute of Management Accountants (IMA) to launch the Certified Management Accountant (CMA) and Financial and Managerial Accounting Associate (FMAA) certifications. The MoU is part of the...

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Business & Money | Thursday 7 August, 2025 8:34 am

First Avenue, Al Shati Real Estate Fund tie-up for mixed-use project in Jeddah

First Avenue for Real Estate Development Co. signed today, Aug. 6, a contract with Al Shati Real Estate Fund for the development of a mixed-use project spanning 15,619 square meters in Al Shati District, Jeddah. In a statement to Tadawul, the Saudi-listed company said the project will...

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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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