Business & Money | Sunday 17 August, 2025 12:00 pm

Arabian Drilling renews 11 SLB gas rig contracts for 1 year

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...

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Business & Money | Friday 15 August, 2025 12:59 am

Dubai Maritime Authority Participates in Workshop in Collaboration with the Marine Leisure Association

Dubai Maritime Authority participated in a specialized workshop titled "Marine Leisure Association Workshop", attended by a distinguished group of representatives from Dubai’s maritime entities. The workshop aimed to elevate the role of marine leisure as a key contributor to the growth of...

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Business & Money | Friday 15 August, 2025 12:57 am

Azizi Developments Renews Bahra Electric Partnership For Busbar And Earthing Lightning Protection Solutions

 Azizi Developments, a leading private developer in the UAE, has announced its partnership extension with Bahra Electric, a renowned KSA-based electrical solutions provider. Under this collaboration, Bahra Electric is providing advanced busbar and earthing lightning protection systems across...

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Business & Money | Friday 15 August, 2025 12:01 am

NWC starts implementing 22 projects to boost services in Jeddah at over SR 1.8 billion

The National Water Company (NWC) has started implementing 22 capital projects in Jeddah city at a cost of over 1.8 billion Saudi Riyals. These projects include the construction of pipelines and networks totaling approximately 984 kilometers in length. The projects are part of the company's...

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Business & Money | Thursday 14 August, 2025 12:48 pm

Central Bank of UAE, Bank of South Sudan sign MoU to enhance cooperation in fields of payment, security printing

The Central Bank of the UAE and Bank of South Sudan signed a memorandum of understanding (MoU) aimed at establishing a comprehensive cooperation framework in the fields of security printing, developing innovative solutions for switching and processing payment card transactions in South Sudan, and...

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Business & Money | Thursday 14 August, 2025 12:46 pm

Sharjah Chamber reaffirms commitment to strategic partnership with Pakistan’s business community

The Sharjah Chamber of Commerce and Industry (SCCI) underscored the profound bilateral business relations between Sharjah and Pakistan, built upon strong historical foundations and steadfast friendship linking the UAE and the Islamic Republic of Pakistan. The Chamber reiterated its commitment...

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Business & Money | Thursday 14 August, 2025 12:44 pm

Dubai’s GDP reaches AED119.7 billion in Q1 2025, rising 4% YoY

Dubai recorded a GDP of AED119.7 billion in the first quarter of 2025, marking a 4 percent growth from the same period in 2024, in a testament to the continued resilience and vitality of the emirate's economy. The growth recorded in Q1 2025 was driven by strong performances across a wide range ...

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Business & Money | Thursday 14 August, 2025 12:42 pm

Intersec Saudi Arabia to be held under the patronage of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud

 Intersec Saudi Arabia, the Kingdom’s premier platform for security, safety and fire protection industries, will be held  under the patronage of His Royal Highness Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and in association with the General...

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Business & Money | Thursday 14 August, 2025 12:39 pm

The GCC’s Assets Under Management reached USD 2.2 trillion in 2024, representing 9% growth

The GCC’s asset management industry grew to $2.2 trillion in Assets under Management (AuM) in 2024, a 9% increase from the previous year, according to the 23rd edition of the Global Asset Management report, titled “From Recovery to Reinvention” by Boston Consulting Group (BCG).  In...

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Business & Money | Thursday 14 August, 2025 12:36 pm

EWEC issues Request for Proposals for developing Al Nouf Independent Power Producer

Emirates Water and Electricity Company (EWEC) has issued a Request for Proposals (RFP) for the development of the Al Nouf Independent Power Producer (IPP) project, the largest single-site carbon-capture-ready Combined Cycle Gas Turbine (CCGT) plant in the UAE. Al Nouf will be located within...

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