Business & Money | Monday 7 July, 2025 9:00 am

RAKEZ and ADIB sign strategic partnership to simplify banking for investors and support business growth

 Ras Al Khaimah Economic Zone (RAKEZ) has recently signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, aimed at facilitating the bank account opening process for RAKEZ clients. The agreement was signed by RAKEZ Chief...

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Business & Money | Sunday 6 July, 2025 4:21 pm

Naqi Water buys SAR 37.7M bottled drinking water production line

Naqi Water Co. signed a contract for the purchase and supply of a production line for the production of bottled drinking water in various sizes with Middle East Machinery Factory Co. Ltd. (MEMCO) for the establishment of its new factory in the city of Riyadh, at a value of EUR 8.5 million (SAR 37.7 ...

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Business & Money | Sunday 6 July, 2025 9:00 am

HRSD Ministry to classify work permits by skill level

Saudi Arabia’s Ministry of Human Resources and Social Development (HRSD) issued a decision to classify work permits based on skill level and included clear eligibility criteria for classifying the skills of expatriate labor. The Ministry added on its account on the X platform that the...

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Business & Money | Sunday 6 July, 2025 8:00 am

Ladun pens SAR 90.5M contract for Abha project

Ladun Investment Co. signed a contract for the implementation of a mixed-use project by Built Industrial Co., a subsidiary, with Arab Markets Co. for the "Abha Walk" project. The contract value is nearly SAR 90.5 million, excluding value-added tax, and will have a tenor of 18 months, the...

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Business & Money | Sunday 6 July, 2025 8:00 am

KEC signs deal for educational complex with Riyadh Schools Holding

Knowledge Economic City (KEC) signed, on July 3, a contract for the development and leasing of an educational complex in Knowledge Economic City (KEC) with Riyadh Schools Holding Co., a subsidiary of Mohammed Bin Salman Nonprofit City (Misk City), according to a Tadawul statement. The...

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Business & Money | Sunday 6 July, 2025 8:00 am

ADNOC’s Hail and Ghasha offshore gas mega-project achieves ‘sail-out’ milestone

ADNOC’s Hail and Ghasha mega-project has met a key development milestone, having completed the "sail-out" and installation of critical offshore facility structures from the NMDC Energy Yard in Mussafah, Abu Dhabi. The structures – called steel “jackets” – form the foundation of the...

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Business & Money | Sunday 6 July, 2025 8:00 am

MOCCAE collaborates with Tadweer Group to launch pilot project for managing targeted product waste

The Ministry of Climate Change and Environment (MOCCAE) has signed a Memorandum of Understanding (MoU) with Tadweer Group to implement a pilot project for managing targeted product waste under the UAE’s Extended Producer Responsibility (EPR) initiative. The EPR is one of the key initiatives...

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Business & Money | Sunday 6 July, 2025 8:00 am

Dubai Silicon Oasis to host Middle East edition of Cyprus-born 'Doers Summit'

Dubai Silicon Oasis, a specialised economic zone for knowledge and innovation, and a member of the Dubai Integrated Economic Zones Authority (DIEZ), signed an agreement with The Doers Company to host the first Middle East edition of its Doers Summit — formerly Reflect Festival, one of Europe’s...

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Business & Money | Sunday 6 July, 2025 8:00 am

Sharjah Chamber strengthens investment cooperation with Africa during first-ever trade mission to Mauritius

The Sharjah Chamber of Commerce and Industry (SCCI) concluded its first-ever official trade mission to the Republic of Mauritius, which was organised in collaboration with the Economic Development Board (EDB) of Mauritius from June 30 to July 3. The mission aimed at strengthening economic and...

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Business & Money | Sunday 6 July, 2025 8:00 am

UAE highlights potential of deeper trade, investment collaboration between BRICS nations

The United Arab Emirates, represented by Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, has participated in the BRICS Business Forum on the sidelines of the 17th BRICS Summit in Rio de Janeiro, Brazil. During the Forum, Al Zeyoudi highlighted the UAE’s strong relationships with...

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