Business & Money | Tuesday 5 August, 2025 8:00 am

IHC reports AED54.7 bn revenue; AED10.8 bn net profit in H1/25

IHC, the global investment company focused on building dynamic value networks, has reported its financial results for the first half of 2025, achieving revenue of AED54.7 billion, a 31.1% increase compared to AED41.7 billion in H1 2024, and a profit after tax of AED10.8 billion. The second...

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Business & Money | Tuesday 5 August, 2025 8:00 am

DEWA's electricity transmission investments surpass AED7.6 billion

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), has revealed that DEWA’s electricity transmission network projects now exceed AED7.6 billion in value. He further noted that DEWA commissioned four 132 kV substations with a conversion capacity of 450...

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Business & Money | Tuesday 5 August, 2025 8:00 am

SCA developing four legislations on carbon credits, retail Sukuk

Waleed Al Awadhi, CEO of the Securities and Commodities Authority (SCA), has announced that the authority is studying and preparing four regulatory projects “legislations” aimed at enhancing the competitiveness of financial markets, increasing transparency, and protecting...

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Business & Money | Tuesday 5 August, 2025 8:00 am

View signs SAR 122M residential tower development contract in Riyadh

View United Real Estate Development Co. signed today, Aug. 5, a SAR 122 million contract to develop a residential tower in Riyadh with Yousef Al-Hazeem. In a statement to Tadawul, the company said the contract spans 30 months, starting from the issuance date of the off-plan sales...

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Business & Money | Tuesday 5 August, 2025 8:00 am

Avalon Pharma signs EUR 3M contract to market GLP1 products

Middle East Pharmaceutical Industries Co. (Avalon Pharma) signed a contract worth EUR 3 million with Adalvo Limited, a global pharmaceutical company headquartered in Malta, to secure the rights for the registration and marketing their GLP 1 products for weight loss and obesity. In a...

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Business & Money | Monday 4 August, 2025 12:22 pm

Classera Signs Major Strategic Agreements in Damascus in Presence of Syrian President and Saudi Minister of Investment

In a significant step to strengthen Saudi-Syrian economic cooperation and accelerate reconstruction and digital transformation, Classera, the global leader in smart learning solutions, has signed a series of strategic agreements with the Government of the Syrian Arab Republic, represented by the...

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Business & Money | Monday 4 August, 2025 9:58 am

Rasmala Delivers Robotics-Enabled Logistics Facility in the Netherlands

Distribution centre pre-leased for 15 years to a global outdoor fashion brand Dubai, UAE – Rasmala Investment Bank Limited (“Rasmala”), one of the leading Dubai-based alternative investment managers, announces the successful completion of its ground-up investment in a cutting-edge...

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Business & Money | Monday 4 August, 2025 8:00 am

Emaar The Economic City & Al Tahaluf Sign Deal to Deliver New Residential Projects in KAEC’s Al Murooj

 Emaar, The Economic City (EEC), the master developer of King Abdullah Economic City (KAEC), has signed an agreement with Al Tahaluf, a Saudi-American joint venture comprised of a K. Hovnanian subsidiary and the Hamad bin Saedan Real Estate Company, to develop two premium residential...

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Business & Money | Monday 4 August, 2025 8:00 am

RAKEZ and Peko join forces to simplify SME operations with digital solutions

 Ras Al Khaimah Economic Zone (RAKEZ) has partnered with UAE-based fintech company Peko to offer its clients a range of automated services that streamline day-to-day operations. From invoicing and payroll to utility payments and business travel bookings, the new services are accessible via...

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Business & Money | Monday 4 August, 2025 8:00 am

Azizi Developments' Beach Oasis Nears Completion at 94%, Final Works Underway

Azizi Developments, a leading private developer in the UAE, has announced that construction at Beach Oasis - its vibrant mixed-use community in the dynamic, rapidly growing Dubai Studio City - has reached 94% completion. The project is progressing as scheduled, with its handover set for Q3...

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