Business & Money | Tuesday 19 August, 2025 11:54 am

Jahez secures SAR 150M facilities from NBB

Jahez International Company for Information System Technology obtained SAR 150 million worth of Shariah-compliant facilities from National Bank of Bahrain (NBB). The facilities were secured on Aug. 18, 2025, with a tenor of eight years, and will be used to fund capital...

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Business & Money | Tuesday 19 August, 2025 11:52 am

Tawuniya wins deal to provide health insurance services to NWC

The Company for Cooperative Insurance (Tawuniya) was awarded on Aug. 18 a contract with the National Water Co. (NWC) to provide cooperative health insurance services to the latter’s employees in accordance with the agreed terms and conditions, for a period of three years starting Aug. 25,...

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Business & Money | Tuesday 19 August, 2025 11:49 am

SAR to build new station in Al Zulfi

Saudi Arabia Railways (SAR) signed an agreement with the Cooperative for Logistics Services to build and operate a passenger station in Al Zulfi, Saudi Press Agency (SPA) reported. The deal adds a new passenger stop in Al Zulfi, making it the seventh station Al-Majmaah, Qassim on the North...

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Business & Money | Tuesday 19 August, 2025 11:47 am

Jabal Omar refinances SAR 2B facilities with Al Rajhi Bank

Jabal Omar Development Co. (JODC) signed on Aug. 18 a Murabaha financing agreement worth SAR 2 billion with Al Rajhi Bank to refinance existing facilities at improved terms, according to a statement to Tadawul. The financing facility has a tenor of five years, extendable for an additional...

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Business & Money | Tuesday 19 August, 2025 11:44 am

EGA to deliver first-ever CelestiAL-R billets to leading Japanese manufacturer Sankyo Tateyama

Emirates Global Aluminium, the largest industrial company in the United Arab Emirates and the world’s biggest ‘premium aluminium’ producer, today announced an agreement to supply of CelestiAL-R billets to Sankyo Tateyama, the leading Japanese manufacture of aluminium components for...

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Business & Money | Tuesday 19 August, 2025 11:41 am

MOHRE, e& money partner to facilitate wage payments for domestic workers

The Ministry of Human Resources and Emiratisation (MOHRE) and e& money, the fintech arm of e&, signed a Memorandum of Understanding (MoU) to provide wage protection services via the e& money platform. This enables individuals to manage salary payments for domestic workers in line with...

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Business & Money | Tuesday 19 August, 2025 11:39 am

UAE an inspiring model in improving government performance: Arab Investors Union

Gamal Bayoumi, Secretary-General of the Arab Investors Union, affirmed that the remarkable progress achieved by the United Arab Emirates in the Government Support Index 2025 reflects the forward-looking vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and continues the legacy of...

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Business & Money | Tuesday 19 August, 2025 11:37 am

Dubai Chamber of Digital Economy supports establishment, expansion of 308 digital startups in H1

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has announced that it successfully supported 308 high-potential digital startups to establish and grow their businesses in the emirate during H1 2025, achieving year-over-year (YoY) growth of ...

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Business & Money | Tuesday 19 August, 2025 11:34 am

UAE ranks 16th globally in ‘Government Support Index’ in IMD World Competitiveness Yearbook 2025

The United Arab Emirates has achieved another landmark milestone in its record of global leadership, advancing to 16th place worldwide in the 2025 Government Support Index, one of the key indicators featured in the International Institute for Management Development’s (IMD) World Competitiveness...

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Business & Money | Tuesday 19 August, 2025 11:33 am

Nakheel awards new AED 2.6 billion contract to develop Bay Villas community at Dubai Islands

Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth AED 2.6 billion to Fibrex Contracting L.L.C. for the construction of the Bay Villas project at Dubai Islands. Featuring 636 luxury units across five distinct property types, Bay Villas represents Nakheel's newest...

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