Business & Money | Thursday 4 September, 2025 1:55 pm

Saudi Arabia raises $5.5B from global sukuk issuance

The National Debt Management Center (NDMC) completed the issuance of an international Sukuk in USD under the Kingdom's Global Trust Certificate Issuance Program (KSA Ijarah Sukuk). A total of $5.5 billion (SAR 20.63 billion) was raised through the country’s first international issuance based ...

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Business & Money | Thursday 4 September, 2025 1:47 pm

Aramco to sell USD-denominated Sukuk in September: Report

Saudi Arabian Oil Co. (Saudi Aramco) plans to sell USD-denominated sukuk in September, Reuters reported, citing sources. The sources said Aramco is expected to raise $3-4 billion from the issuance. Argaam data shows the company completed a $5 billion medium-term dollar bond issuance in...

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Business & Money | Thursday 4 September, 2025 1:43 pm

Fakeeh Care secures SAR 720M facilities from SNB, SAB

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) signed, on Sept. 3, two Shariah-compliant credit facility agreements at competitive terms and conditions with Saudi National Bank (SNB) and Saudi Awwal Bank (SAB) at a total value of SAR 720 million. The company obtained SAR 570 million ...

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Business & Money | Thursday 4 September, 2025 1:39 pm

Empower sponsors and participates in the International District Energy Conference for Latin America and the Caribbean (LAC2025)

Building on its leading position in the global district cooling sector, Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, has announced its sponsorship and participation in the second International District Energy Conference in...

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Business & Money | Thursday 4 September, 2025 1:34 pm

Social Development Bank Highlights Successes of the Art Bank Initiative, in the Presence of Her Royal Highness Princess Haifa bint Abdul Mohsen

In the presence of Her Royal Highness Princess Haifa bint Abdul Mohsen, Director of Development and Partnerships at the Culture and Arts Society in Riyadh, and CEO of the Social Development Bank (SDB), Eng. Sultan Al-Hamidi, the SDB, in cooperation with the Culture and Arts Society, organized a...

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Business & Money | Thursday 4 September, 2025 1:12 pm

Emirates NBD finances two Boeing 777 freighters for Emirates Airline

Emirates NBD has signed a US$350 million aircraft financing deal with Emirates Airline. The facility supports the airline in the delivery of two Boeing 777-200LRF (Long Range Freighter) aircraft, further supporting Emirates SkyCargo’s fleet expansion and growth strategy and reinforcing Dubai and...

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Business & Money | Thursday 4 September, 2025 1:07 pm

Arabian Travel Market 2026 theme to focus on the future of global travel

Arabian Travel Market (ATM) has officially announced the theme for the 2026 edition of the leading international travel and tourism event in the Middle East, where the crossroads of East meets West: “Travel 2040: Driving New Frontiers Through Innovation and Technology.” Taking place from...

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Business & Money | Thursday 4 September, 2025 1:05 pm

Trakhees Conducts nearly 25,000 Field Inspections in the First Half of 2025

The Department of Planning and Development– Trakhees at the Ports, Customs, and Free Zone Corporation announced that it conducted nearly 25,000 field inspections of buildings and construction sites during the first half of 2025. This initiative comes as part of its ongoing efforts to enhance ...

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Business & Money | Thursday 4 September, 2025 1:03 pm

Dubai Chambers and International Chamber of Commerce Launch Chamber Benchmarking Tool to Enhance Performance and Competitiveness of Global Chambers

Dubai Chambers, in collaboration with the International Chamber of Commerce (ICC) and the World Chambers Federation (WCF), has launched the Chamber Benchmarking Tool, a first-of-its-kind platform enabling chambers of commerce to access best practices and benchmark their performance against global...

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Business & Money | Thursday 4 September, 2025 1:00 pm

Aqari Platform Continues to Shape the Future of Real Estate Services in Sharjah

The “Aqari” platform, developed by Sharjah Digital Department in collaboration with over twenty local and federal government entities, has reinforced its role as a comprehensive digital hub and the unified reference for real estate services in the Emirate of Sharjah, achieving remarkable...

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