Business & Money | Monday 11 August, 2025 1:20 pm

Mubadala Energy closes strategic investment in US Natural Gas & LNG Sector with Kimmeridge

Mubadala Energy today announced the closing of its recently reported strategic investment in the US natural gas sector through its partnership with Kimmeridge, the energy-focused alternative asset manager, and the rebranding of SoTex HoldCo to Caturus, in which Mubadala Energy now owns a 24.1%...

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Business & Money | Monday 11 August, 2025 1:18 pm

Abu Dhabi Chamber supports Al Dhafra’s business growth through direct SME outreach

As part of its ongoing commitment to inclusive growth and regional business empowerment, the Abu Dhabi Chamber of Commerce and Industry (ADCCI) – Al Dhafra Branch conducted field visits to a selected group of small and medium-sized enterprises (SMEs) across Al Dhafra region. This outreach...

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Business & Money | Monday 11 August, 2025 1:04 pm

UAE maintains global lead in digital transformation

The UAE continues to strengthen its leading position on the global digital transformation map, driven by a forward-looking vision and ambitious national policies that have made digital innovation a cornerstone of sustainable development and economic competitiveness. Public and private...

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Business & Money | Monday 11 August, 2025 10:53 am

Hit Reset: Transforming Retail for Impact – Retail Congress MENA 2025 Returns to Dubai

Get ready for the region’s most anticipated retail gathering. The Middle East Council of Shopping Centres & Retailers (MECSR) proudly presents Retail Congress MENA 2025, happening October 13–14, 2025, at The Ritz-Carlton, DIFC, Dubai. Under the theme “Hit Reset: Transforming Retail...

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Business & Money | Monday 11 August, 2025 10:31 am

MIS renews SAR 340.3M credit facilities with SAB

Al Moammar Information Systems Co. (MIS) renews, amends SAR 340.27 mln Shariah-compliant credit facility with Saudi Awwal Bank (SAB). The company said in a statement on Tadawul that the final agreement was signed on Aug. 10, 2025, and will run until Aug. 2, 2026. MIS issued a promissory note...

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Tourism & Hospitality | Sunday 10 August, 2025 12:00 pm

KKIA achieves highest ever daily traffic with over 142,000 passengers

King Khalid International Airport (KKIA) achieved record figures in July in terms of daily and monthly operational performance, Riyadh Airports Co., said in a post on X platform. The number of passengers at KKIA on July 31 exceeded 142,540, marking the airport’s highest ever daily...

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Business & Money | Sunday 10 August, 2025 12:00 pm

ADNOC Distribution eyes 160 new Saudi stations in 2026: CEO

Badr Al Lamki, CEO of ADNOC Distribution, said the company plans to pursue its expansion in the Saudi market by launching 160 new stations in 2026, leveraging the agent-owned station model. In an interview with Asharq, Al Lamki said this model enabled the company to double its number of...

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Business & Money | Sunday 10 August, 2025 12:00 pm

Cenomi Centers: Westfield branches in Jeddah, Riyadh to raise 2026 EBITDA by SAR 650M

Alison Rehill Erguven, CEO of Arabian Centres Co. (Cenomi Centers), said the financial impact of the Westfield Jeddah and Riyadh projects is expected to boost EBITDA by 40%, or SAR 650 million. Through its partnership with Unibail-Rodamco-Westfield (URW), Cenomi Centers will develop six malls, ...

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Business & Money | Sunday 10 August, 2025 8:22 am

FANR’s Board of Management Meeting spotlights Barakah operations, strengthens global ties

The Board of Management of the Federal Authority for Nuclear Regulation (FANR) convened its fourth meeting of 2025. During the meeting, the Board was briefed by the Chair of the Audit and Risk Committee on the status of FANR’s Audit Plan, and by the Chair of the Development and Improvement...

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Business & Money | Sunday 10 August, 2025 8:20 am

Abdulaziz bin Humaid chairs first meeting of Investment Attraction and Promotion Working Group for Ajman

The first meeting of the "Investment Attraction and Promotion Working Group for the Emirate of Ajman" was convened under the leadership of Sheikh Abdulaziz bin Humaid Al Nuaimi, the authorized member responsible for its activities. Held at the Executive Council's General Secretariat with all...

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