Business & Money | Sunday 9 March, 2025 8:00 am

DEWA invites international developers to submit expressions of interest for 7th phase of Mohammed bin Rashid Al Maktoum Solar Park

Dubai Electricity and Water Authority (DEWA) has invited international developers to submit expressions of interest for a tender to develop the 1,600-megawatt (MW) seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park. This phase, which is expandable to 2,000MW, will use photovoltaic...

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Business & Money | Sunday 9 March, 2025 8:00 am

Alef completes phase 1 structural works at Al Mamsha Seerah

Alef, the real estate developer in the emirate of Sharjah, announced that the first phase of "Al Mamsha Seerah" is advancing at an accelerated pace, with 100 percent completion of structural work, in line with the scheduled delivery of the project in "Al Mamsha Sharjah" by Q4...

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Business & Money | Friday 7 March, 2025 2:54 pm

PIF extends deadline for central business district in Riyadh: Report

The Public Investment Fund (PIF) extended the deadline for receiving bids to appoint a project management consultancy (PMC) for its upcoming central business district (CBD) on the outskirts of Riyadh, according to MEED. The CBD will include a proposed two-kilometer-high tower. The...

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Business & Money | Friday 7 March, 2025 2:52 pm

PIF plans to invest $100M in AirAsia: Report

The Public Investment Fund (PIF) is poised to invest about $100 million in Malaysian carrier group AirAsia, Bloomberg reported, citing people familiar with the matter. The low-cost carrier is raising funds and offering investors up to a 15 percent stake at a $2 billion valuation. The...

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Business & Money | Friday 7 March, 2025 2:40 pm

DP WORLD AND MAWANI INAUGURATE SAR 3 BILLION STATE-OF-THE-ART TERMINAL IN JEDDAH

DP World and Saudi Ports Authority (Mawani) have unveiled the new state-of-the-art South Container Terminal at Jeddah Islamic Port, marking a major milestone in DP World’s SAR 3 billion ($800 million) expansion and development programme to upgrade the terminal and enhance Saudi Arabia’s...

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Business & Money | Friday 7 March, 2025 9:40 am

SPARK & Google.org launch Maharat for Tourism e-learning hub in Egypt

Cairo - SPARK, in partnership with EYouth and with support from  Google.org, has launched the Maharat for Tourism E-Learning Hub in Egypt -  a pioneering platform designed to equip 25,000 individuals across the MENA region with essential skills for the tourism...

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Business & Money | Thursday 6 March, 2025 2:34 pm

PIF, Italy’s SACE sign $3B MoU

The Public Investment Fund (PIF) and SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, signed a memorandum of understanding (MoU) to strengthen their bilateral partnership. Under the MoU, the parties will cooperate on sharing...

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Business & Money | Thursday 6 March, 2025 2:31 pm

Aramco mulls bid for BP’s Castrol lubricant assets: Report

Saudi Arabian Oil Co. (Saudi Aramco) is considering a potential bid to acquire BP’s lubricants assets, including those operating under the Castrol brand, Bloomberg reported, citing sources. Discussions are still in the early stages, with Aramco evaluating whether to make an offer for part or ...

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Business & Money | Thursday 6 March, 2025 2:24 pm

stc Group Increases Connectivity Speed in the Two Holy Mosques By Over 120%

stc Group, Saudi Arabia’s leading digital enabler, is enabling world-class connectivity for millions of pilgrims and visitors during Ramadan with its expanded 5G network, increasing network infrastructure to accommodate over 120% faster download speeds. stc Group’s network analytics...

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Business & Money | Thursday 6 March, 2025 2:20 pm

NADEC, Hilton Foods to set up JV for red meat processing

National Agricultural Development Co. (NADEC) signed an agreement with UK-based Hilton Foods Ltd., to establish a joint venture (JV) - a limited liability company - in which NADEC will hold a 51% stake. In a statement to Tadawul, NADEC said that the shareholders' agreement includes several...

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