Business & Money | Thursday 14 August, 2025 12:48 pm

Central Bank of UAE, Bank of South Sudan sign MoU to enhance cooperation in fields of payment, security printing

The Central Bank of the UAE and Bank of South Sudan signed a memorandum of understanding (MoU) aimed at establishing a comprehensive cooperation framework in the fields of security printing, developing innovative solutions for switching and processing payment card transactions in South Sudan, and...

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Business & Money | Thursday 14 August, 2025 12:46 pm

Sharjah Chamber reaffirms commitment to strategic partnership with Pakistan’s business community

The Sharjah Chamber of Commerce and Industry (SCCI) underscored the profound bilateral business relations between Sharjah and Pakistan, built upon strong historical foundations and steadfast friendship linking the UAE and the Islamic Republic of Pakistan. The Chamber reiterated its commitment...

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Business & Money | Thursday 14 August, 2025 12:44 pm

Dubai’s GDP reaches AED119.7 billion in Q1 2025, rising 4% YoY

Dubai recorded a GDP of AED119.7 billion in the first quarter of 2025, marking a 4 percent growth from the same period in 2024, in a testament to the continued resilience and vitality of the emirate's economy. The growth recorded in Q1 2025 was driven by strong performances across a wide range ...

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Business & Money | Thursday 14 August, 2025 12:42 pm

Intersec Saudi Arabia to be held under the patronage of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud

 Intersec Saudi Arabia, the Kingdom’s premier platform for security, safety and fire protection industries, will be held  under the patronage of His Royal Highness Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and in association with the General...

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Business & Money | Thursday 14 August, 2025 12:39 pm

The GCC’s Assets Under Management reached USD 2.2 trillion in 2024, representing 9% growth

The GCC’s asset management industry grew to $2.2 trillion in Assets under Management (AuM) in 2024, a 9% increase from the previous year, according to the 23rd edition of the Global Asset Management report, titled “From Recovery to Reinvention” by Boston Consulting Group (BCG).  In...

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Tourism & Hospitality | Thursday 14 August, 2025 12:37 pm

DXB set to welcome over 3.6 million guests during back-to-school peak

Dubai International (DXB) is gearing up for a busy end to the summer holidays, with families returning from vacation and students travelling back to Dubai ahead of the new academic year. Between 13 and 25 August 2025, DXB is expected to welcome more than 3.6 million guests, with daily averages ...

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Business & Money | Thursday 14 August, 2025 12:36 pm

EWEC issues Request for Proposals for developing Al Nouf Independent Power Producer

Emirates Water and Electricity Company (EWEC) has issued a Request for Proposals (RFP) for the development of the Al Nouf Independent Power Producer (IPP) project, the largest single-site carbon-capture-ready Combined Cycle Gas Turbine (CCGT) plant in the UAE. Al Nouf will be located within...

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Business & Money | Thursday 14 August, 2025 11:41 am

Al-Rumayyan says PIF currently accelerating pace of investments

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), said that the fund launched a new and promising phase of superior performance and qualitative innovation during the past year, marked by the systematic integration of artificial intelligence applications, smart automation solutions,...

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Business & Money | Thursday 14 August, 2025 11:37 am

SADAFCO sells Riyadh plot for SAR 110.3M

Saudia Dairy and Foodstuff Co. (SADAFCO) said it completed the sale of a 6,130-square-meter plot in Al-Murooj district, north Riyadh, for SAR 110.25 million, excluding real estate transaction tax. The buyers are Ibrahim Saedan and Haya Al Ajlan, with no special conditions or preferential...

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Business & Money | Thursday 14 August, 2025 11:07 am

Saudi Printing signs SAR 75M financing deal with SRMG

Saudi Printing and Packaging Co. (SPPC) signed on Aug. 13 a financing agreement with one of its major shareholders, Saudi Research and Media Group (SRMG) for SAR 75 million, according to a statement to Tadawul. The facility, which will mature on Dec. 31, 2028, will be used to finance the...

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