Saudi Arabia’s booming construction sector, backed by over $1.25 trillion in planned or active projects, is fuelling a sharp rise in demand for wood and woodworking solutions across commercial and residential developments (Source: Knight Frank). With mega and giga projects such as Diriyah,...
The Endowments and Minors’ Trust Foundation in Dubai (Awqaf Dubai) announced that the value of its endowment shares portfolio surpassed AED9 million by the end of the first half of 2025, marking a 4.7 percent increase from the same period last year. According to a report by Awqaf Dubai’s...
UAE-based Global South Utilities (GSU), a Resources Investment Company, has officially broken ground on a 50-megawatt solar photovoltaic (PV) power plant in Sakaï, Central African Republic (CAR), marking a major step forward in the country’s energy access and clean energy transition. The...
Education Interface has announced the landmark success of the inaugural edition of the National Youth Finance Pioneers (NYFP) programme, developed under its initiatives in partnership with First Abu Dhabi Bank (FAB) and with the support of the Ministry of Education (MoE), and held under the...
Abu Dhabi Future Energy Company PJSC (Masdar), a global clean energy leader, today published its 2024 Green Finance Report, outlining the renewable energy projects financed by Masdar’s green bond issuances and impacts achieved. More than US$1.685 billion in green bond proceeds from 2023 and...
Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth AED2.6 billion to Fibrex Contracting for the construction of the Bay Villas project at the Dubai Islands. Featuring 636 luxury units across five distinct property types, Bay Villas represents Nakheel's newest...
The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.4%, from AED1,011.9 billion at the end of April 2025 to AED1,015.6 billion at the end of May 2025. The increase was due to AED3.4 billion growth in monetary deposits, and AED0.3 billion increase in currency ...
HONOR a global leading AI device ecosystem company has officially opened pre-orders for the much-anticipated HONOR Magic V5 across the Middle East and Africa. This announcement follows a successful regional launch event held in Dubai under the theme “Unfold New Possibilities”, which garnered...
Arabian Drilling Co. (ADC) extended the contracts for 11 onshore gas drilling rigs with SLB for one year. In a statement to Tadawul, the company said the extension represents 15%-20% of its 2024 revenues. All 11 rigs are currently in operation, and ADC will continue providing drilling...
Umm Al Qura for Development and Construction Co. (MASAR) announced the signing of an agreement to sell a land plot within the Masar Destination development in Makkah for SAR 145.12 million, according to a Tadawul statement. The transaction value excludes real estate transaction tax and any...