Business & Money | Sunday 31 August, 2025 12:29 pm

Red Sea Global, Riyadh Air launch strategic alliance

Red Sea Global (RSG) signed a strategic partnership agreement with Riyadh Air to integrate marketing efforts between the two parties. In a statement, RSG said the collaboration focuses on brand and marketing activities that will enhance visibility and awareness of both companies, highlighting...

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Business & Money | Sunday 31 August, 2025 12:22 pm

Asas Makeen buys land plot in Riyadh for SAR 53M to build residential units

Asas Makeen Real Estate Development and Investment Co. purchased on Aug. 28, an 8,800 sqm land plot in Al-Arid district, Riyadh, from Abdulrahman Al-Hamlan for SAR 52.98 million. In a statement to Tadawul, the company said the deal will be financed through a bank loan and part of its own...

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Business & Money | Sunday 31 August, 2025 12:17 pm

Ministry of Municipalities, SFDA update table of Food Law violations

Saudi Arabia’s Ministry of Municipalities and Housing and the Saudi Food and Drug Authority (SFDA) issued the updated version of Food Law violations, to enhance food safety and raise regulatory compliance among food establishments. According to the Ministry, the updated classifications of...

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Business & Money | Sunday 31 August, 2025 12:10 pm

Riyad Capital announces successful issuance of landmark SAR 500 million Saudi Riyal denominated Sukuk for Sumou Global Investment Company

Riyad Capital, the leading Saudi IB Advisor and a leading asset manager within Saudi Arabia and the GCC region, today announced the successful issuance of a SAR 500 million Saudi Riyal denominated sukuk for Sumou Global Investment Company (“Sumou”) a first of its kind for the Saudi Real Estate...

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Business & Money | Sunday 31 August, 2025 12:08 pm

UAE, India explore ways to maximise benefits of CEPA

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, underscored the importance of the UAE’s economic relationship with India during an official visit to Mumbai, where he held bilateral talks with Shri Piyush Goyal, India’s Minister of Industry and Commerce, and engaged with leading...

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Business & Money | Sunday 31 August, 2025 12:07 pm

ADRA issues 5,930 new economic licences to Emirati women entrepreneurs

The Abu Dhabi Registration and Licensing Authority (ADRA), the Abu Dhabi Department of Economic Development’s (ADDED) arm to develop and regulate the business sector, has announced the issuance of 5,930 new economic licences to Emirati women entrepreneurs in a year, reaching 21,115 licences by...

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Business & Money | Sunday 31 August, 2025 10:04 am

MIS awarded SAR 64.8M contract from Elm

Al Moammar Information Systems Co. (MIS) won today, Aug. 28, a SAR 64.83 million contract, including VAT, from Elm Co. to provide IT systems services. In a Tadawul filing, the company said the deal is expected to be signed on Sept. 28, noting there are no related parties to the deal. ...

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Business & Money | Sunday 31 August, 2025 9:00 am

Minister of Foreign Trade discusses cooperation with Vietnam Business Council

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, met the Vietnam Business Council in the UAE to discuss how the business communities in both nations can take full advantage of the opportunities that will be created once the Comprehensive Economic Partnership Agreement (CEPA), signed in...

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Business & Money | Sunday 31 August, 2025 8:57 am

ADNOC successfully completes AED1.16 billion sale of ADNOC L&S shares

Abu Dhabi National Oil Company (ADNOC) today announced that it has successfully completed a placement to institutional investors of c.222 million shares in ADNOC Logistics & Services plc (ADNOC L&S), representing approximately 3% of the Company’s issued share capital. The Offering...

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Business & Money | Sunday 31 August, 2025 8:54 am

Dragon Oil, Iraq’s Al-Amal Group boost oil and gas cooperation

Dragon Oil - a wholly owned subsidiary of Emirates National Oil Company (ENOC), which is fully owned by the Government of Dubai - signed a Memorandum of Understanding with Sohol Al-Salam Oil Services Co. (SAS Oil), a member of Iraq’s Al-Amal Group, to enhance cooperation in the Iraqi oil and gas...

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