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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Business & Money | Thursday 14 August, 2025 11:00 am

PIF AUM climbs 19% to SAR 3.42T by end-2024

Saudi Arabia’s Public Investment Fund (PIF) reported total assets under management (AUM) of SAR 3.42 trillion for 2024, including SAR 30 billion receivables from other parties, according to its 2024 annual report released today, Aug. 13. AUM rose 19% from SAR 2.87 trillion in 2023, the...

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Business & Money | Thursday 14 August, 2025 9:51 am

UAE, Philippines strengthen bilateral trade, investment ties

Dr. Thain bin Ahmed Al Zeyoudi, Minister of Foreign Trade, held a meeting with the Philippines Business Council in the UAE to explore expanding private sector relations between the two nations. This meeting follows the agreement of a bilateral Comprehensive Economic Partnership Agreement (CEPA)...

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Business & Money | Thursday 14 August, 2025 9:49 am

TAQA reports AED3.7 billion net income for H1 2025

Abu Dhabi National Energy Company PJSC (TAQA) today announced its financial results for the first half of 2025. The group delivered a 4.5 percent year-on-year increase in revenue for H1 2025, reaching AED28.4 billion. This growth was led by higher pass-through costs in the Transmission &...

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Business & Money | Wednesday 13 August, 2025 4:09 pm

Schneider Electric Accelerates eMobility in Saudi Arabia with New Solutions, Strategic Partnerships, and Local Empowerment

Schneider Electric, the global leader in the digital transformation of energy management and automation, announced a series of impactful initiatives to expand its electric mobility (eMobility) footprint in Saudi Arabia, including product launches, partnerships, and Saudi workforce training...

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Business & Money | Wednesday 13 August, 2025 2:48 pm

Aramco, DHL seek investors to build logistics hub in Saudi Arabia: Report

Saudi Aramco and DHL are seeking to attract investors to finance and build a logistics distribution center in Saudi Arabia, Bloomberg reported, citing sources. The sources expect the project, which will be implemented as a build-to-order model where the facility is designed according to...

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Business & Money | Wednesday 13 August, 2025 2:46 pm

AOL signs SAR 128.7M training deal With Hadaf

Academy of Learning (AOL) signed today, Aug. 13, a SAR 128.73 million training support agreement, including VAT, with the Human Resources Development Fund (Hadaf) to implement training and qualification programs leading to employment. The company said in a Tadawul filing that the contract...

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Business & Money | Wednesday 13 August, 2025 11:16 am

Over 35,000 new companies join Dubai Chamber of Commerce in H1 2025

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced its achievements for the first half of 2025. The chamber welcomed 35,532 new member companies during the first six months of 2025, marking a 4 percent year-over-year (YoY)...

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Business & Money | Wednesday 13 August, 2025 11:13 am

EMSTEEL becomes first company in MENA to earn global ResponsibleSteel™ certification

EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, announced today its steel business unit (Emirates Steel Industries, part of EMSTEEL Group) has officially become the first company in the Middle East and North Africa (MENA) region to receive...

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Business & Money | Wednesday 13 August, 2025 11:11 am

Amlak Finance posts AED200 million revenue in H1 2025, marking 61% growth

Amlak Finance PJSC today announced its H1 2025 financial results for the period that ended 30th June 2025. The company continued to focus on prudently managing its UAE operations and balance sheet. Amlak reported a net profit after income tax of AED18.53 million for H1 2025 compared to net...

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