Business & Money | Wednesday 27 August, 2025 11:09 am

Saudi Cabinet OKs Law of Expropriation of Real Estate for Public Benefit

The Cabinet, chaired by King Salman bin Abdulaziz, approved today, Aug. 26, the Law of Expropriation of Real Estate for Public Benefit and Temporary Taking of Property. Minister of Finance Mohammed Al-Jadaan, said the updated law aims to enhance the governance of property expropriation...

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Business & Money | Wednesday 27 August, 2025 11:06 am

UCIC renews SAR 140M banking facilities with SAB

United Carton Industries Co. (UCIC) signed an offer letter to renew Shariah-compliant banking facilities with Saudi Awwal Bank (SAB) worth SAR 140 million. In a statement to Tadawul, the company said it secured the financing on July 16 for a one-year term ending on July 15, 2026. The...

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Business & Money | Wednesday 27 August, 2025 11:03 am

Amlak signs SAR 250M credit deal with Emirates NBD Saudi Arabia

Amlak International Finance Co. signed on Aug. 26, a Shariah-compliant credit facility agreement with Emirates NBD – Saudi Arabia valued at SAR 250 million. The company said in a statement on Tadawul that the four-year facility secured by an assignment of receivables to the bank and a...

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Business & Money | Wednesday 27 August, 2025 11:00 am

Space42 signs strategic MoU with Angola

Space42, the UAE-based AI-powered SpaceTech company announced today the signing of a comprehensive Memorandum of Understanding (MoU) with Angola's Military Intelligence and Security Service (SISM). The five-year strategic partnership covers advanced technology collaboration across multiple...

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Business & Money | Wednesday 27 August, 2025 10:58 am

ADNOC signs 15-Year LNG Sales and Purchase Agreement with IndianOil

ADNOC announced today it has signed a 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated and diversified energy company, for the supply of 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) sourced primarily from...

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Business & Money | Wednesday 27 August, 2025 10:57 am

Reem Finance signs agreements with ADX to enhance investor participation in UAE capital markets

Reem Finance and Abu Dhabi Securities Exchange (ADX), one of the region’s fastest-growing exchanges, signed two agreements to allow more investors access to IPOs and trade securities on ADX. The aim is to make the process faster, simpler and more accessible for a growing base of...

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Business & Money | Wednesday 27 August, 2025 10:55 am

Ajman real estate valuation transactions reach AED1.48 billion in July 2025

A total of AED1.48 billion real estate valuation transactions were carried out in Ajman in July 2025. Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the month of July witnessed 220 real estate valuation transactions,...

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Business & Money | Wednesday 27 August, 2025 10:52 am

GCC can lead circular plastics push, amid global supply shortfall of up to 35 million tons

A new report from KAPSARC and Strategy& Middle East, part of the PwC network, finds that the Gulf Cooperation Council (GCC) could play a critical role in closing the global gap in recycled plastics—with demand projected to outstrip supply by up to 35 million tons by 2030. To seize this...

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Business & Money | Wednesday 27 August, 2025 10:12 am

du announces partnership with Abu Dhabi Business Women Council to empower women entrepreneurs

du, the leading telecom and digital services provider, today signed a Memorandum of Understanding (MoU) with the Abu Dhabi Business Women Council (ADBWC) at the Abu Dhabi Chamber of Commerce to strengthen the entrepreneurial spirit among women, foster inclusive growth and support the ambitions of...

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Business & Money | Wednesday 27 August, 2025 10:10 am

Empower approves over 23,000 NOC applications during the first half of 2025

Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, announced that it has approved 23,339 No Objection Certificate (NOC) applications during the first half of 2025, marking an increase of 18.7% compared to the same period last year. ...

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