Business & Money | Friday 28 November, 2025 1:34 pm

Islamic Treasury Sukuk Auction for November 2025 attracts bids worth AED5.48 billion

The Ministry of Finance (MoF), in its capacity as issuer and in collaboration with the Central Bank of the UAE (CBUAE) as issuing and payment agent, announced the successful completion of the November 2025 auction of UAE dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a total issuance of...

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Business & Money | Friday 28 November, 2025 1:31 pm

Nasdaq Dubai welcomes $500 million Sukuk listing by Sharjah Islamic Bank

Nasdaq Dubai has welcomed the listing of a US$500 million Sukuk by Sharjah Islamic Bank (SIB), issued under its US$3 billion Trust Certificate Issuance Programme. The five-year Sukuk, maturing in November 2030, carries a profit rate of 4.6 percent. The issuance attracted strong demand from...

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Business & Money | Friday 28 November, 2025 1:25 pm

National Building subsidiary renews SAR 127M credit facility with Al Rajhi Bank

National Building and Marketing Co.’s (NBM) subsidiary, Ajeej Steel Manufacturing Co., renewed today, Nov. 27, a Shariah-compliant banking facilities agreement worth SAR 127 million with Al Rajhi Bank, according to a statement on Tadawul. The financing is secured by guarantees of debt...

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Business & Money | Friday 28 November, 2025 1:22 pm

Opening Nomu to new investor categories to boost liquidity, spur trading: Elkuwaiz

Mohammed Elkuwaiz, Chairman of the Capital Market Authority (CMA), said that the regulator’s decision to allow new categories of qualified investors to enter the Nomu-Parallel Market is expected to provide more resilience in the market without compromising the integrity of trading...

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Business & Money | Friday 28 November, 2025 1:20 pm

ACWA Power secures financial close for 2 wind, 5 solar projects in Saudi Arabia

ACWA Power Co. announced the financial close of two major wind power projects, Starah and Shaqra, located in the central region of Saudi Arabia, with production capacities of 2,000 MW and 1,000 MW, respectively, according to a Tadawul statement today. The financing amounts to SAR 5.44 billion...

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Business & Money | Friday 28 November, 2025 1:18 pm

SERA introduces consumer protection framework

Saudi Electricity Regulatory Authority (SERA) launched today, Nov. 27, its new consumer protection framework, in an event attended by Minister of Energy Prince Abdulaziz bin Salman. According to a statement published on the authority’s X account, SERA Governor Abdullah Al Bishi said the...

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Business & Money | Thursday 27 November, 2025 3:27 pm

Middle East Emerging as a Key AI Data Center Nexus, Finds New BCG Report Launched at MWC Doha 2025

Boston Consulting Group (BCG) today announced the launch of its new report, “AI Data Centers: An Opportunity in the Middle East”, during the sidelines of MWC Doha 2025, revealing that the Middle East is rapidly positioning the region as a rising global nexus for AI data center investment and...

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Business & Money | Thursday 27 November, 2025 12:00 pm

DFSA, Hong Kong Monetary Authority co-host second Joint Climate Finance Conference

The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), and the Hong Kong Monetary Authority (HKMA) today hosted the second edition of the DFSA–HKMA Joint Climate Finance Conference. The hybrid conference, which took place...

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Business & Money | Thursday 27 November, 2025 12:00 pm

AD Ports Group sells 9.77% stake in NMDC Group to Alpha Dhabi Holding for AED1.6 billion

AD Ports Group today announced the sale of its 9.77 percent stake in NMDC Group PJSC to Alpha Dhabi Holding PJSC for AED1.6 billion (US$436 million). AD Ports Group received its stake in NMDC from Abu Dhabi Developmental Holding Company – ADQ ahead of its listing in February 2022. In...

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Business & Money | Thursday 27 November, 2025 12:00 pm

Abu Dhabi Customs, India’s Central Board of Indirect Taxes and Customs sign statement of cooperation

Abu Dhabi Customs and India’s Central Board of Indirect Taxes and Customs have signed a statement to foster innovation in facilitating bilateral trade through digital transformation and data exchange. The agreement also launches a pilot project for a Trusted Digital Trade Corridor under the...

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