Business & Money | Monday 18 August, 2025 12:00 pm

Gross banks’ assets reach AED4,878.3 billion at end of May 2025: CBUAE

The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.4%, from AED1,011.9 billion at the end of April 2025 to AED1,015.6 billion at the end of May 2025. The increase was due to AED3.4 billion growth in monetary deposits, and AED0.3 billion increase in currency ...

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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 | Sunday 17 August, 2025 12:00 pm

MASAR signs contract to sell land plot for SAR 145.1M

Umm Al Qura for Development and Construction Co. (MASAR) announced the signing of an agreement to sell a land plot within the Masar Destination development in Makkah for SAR 145.12 million, according to a Tadawul statement. The transaction value excludes real estate transaction tax and any...

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

Umm Al Qura for Development and Construction Company Announces Signing of Land Sale Agreement to a Real Estate Fund Managed by SEDCO Capital

Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar Destination, has announced the sale of a plot of land measuring 2,671.21square meters in Masar Central zone, adjacent to the King Abdullah Mosque project to Jazeel Al-Bina'a Company, the SPV of a...

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

Cabinet approves digital ID use for non-resident foreigners to own property

The Cabinet approved the use of a digital ID to enable non-Saudi, non-resident foreigners to own property in the Kingdom.The Real Estate General Authority (REGA) will coordinate with the Ministry of Interior, the Saudi Data and Artificial Intelligence Authority (SDAIA), the National Information...

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

FANR launches Nuclear and Radiation Excellence Award

The Federal Authority for Nuclear Regulation (FANR) has officially launched the Nuclear and Radiation Excellence Award to honour exceptional individuals and organisations advancing the fields of nuclear and radiation across the country. This national platform aims to recognise and celebrate...

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

ADNOC L&S JV receives first Very Large Ethane Carrier in major fleet expansion

ADNOC Logistics and Services plc (ADNOC L&S / the Company) today announced that AW Shipping, its joint venture with Wanhua Chemical Group, has taken delivery of Gas Yongjiang, the first of nine state-of-the-art Very Large Ethane Carriers (VLECs) from Jiangnan Shipyard in China. The vessel...

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

Supreme Committee for Development of Hatta launches 14 new investment opportunities for citizens at Sustainable Waterfalls project

Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the Supreme Committee for the Development of Hatta has launched 14 new investment and commercial opportunities at the Hatta Sustainable Waterfalls project. These...

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

DP World reports strong H1 2025 results: revenue up 20.4%, container volumes rise 6.7%

DP World today announced strong financial and operational results for the first half of 2025, underlining the resilience of its integrated global trade platform amid ongoing geopolitical and economic uncertainty. Revenue grew by 20.4% year-on-year to $11,244 million, driven by strong...

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

Abu Dhabi: A pioneering model in establishing quality standards, consumer protection

The Emirate of Abu Dhabi continues to strengthen its system of quality and regulatory oversight for products and services circulating in local markets, reinforcing its position as one of the leading destinations in ensuring consumer safety and protecting their rights. This is achieved by applying...

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