Business & Money | Sunday 4 May, 2025 11:23 am

UAE-Africa Ministerial Meeting held to enhance cooperation in transport, railway, infrastructure sectors

In a move reflecting the commitment of the United Arab Emirates to support sustainable development and enhance cooperation between countries around the world, Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, and Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure,...

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Business & Money | Sunday 4 May, 2025 11:21 am

AOL signs SAR 23M deal with Saudi Electronic University

Academy of Learning Co. (AOL) signed, on April 22, an inclusive framework agreement to provide training services with the Research and Studies Institute at the Saudi Electronic University, effective for a period of three years. The agreement is aimed at utilizing a variety of the company’s...

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Business & Money | Sunday 4 May, 2025 10:26 am

Al Arabia inks SAR 563.2M ad-lease deal for Riyadh Bus with revenue sharing

Arabian Contracting Services Co. (Al Arabia) signed an investment and leasing agreement on May 1 with the Royal Commission for Riyadh City (RCRC) for interior advertising spaces across the King Abdulaziz Project for Riyadh Public Transport, covering both trains and buses. According to a...

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Business & Money | Sunday 4 May, 2025 9:12 am

SEDCO Capital REIT signs MoUs to buy 4 office complexes in Riyadh

SEDCO Capital REIT Fund signed on May 1 two memorandums of understanding (MoUs) to acquire four office complexes in Riyadh, SEDCO Capital, the fund manager, said in a statement to Tadawul. Under the first MoU, SEDCO Capital said the target property is in final stages of finishing. It will be...

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Business & Money | Sunday 4 May, 2025 8:35 am

Al Arabia’s unit signs SAR 309.6M contract for billboards in Jeddah

Arabian Contracting Services Co. (Al Arabia) announced that its wholly owned subsidiary, Faden Media, signed a contract worth SAR 309.6 million to construct, operate, and maintain billboards on vacant land located along major roads in Jeddah (the first contract). The contract spans seven...

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Business & Money | Saturday 3 May, 2025 9:06 am

PIF completes pricing $1.25B sukuk

The Public Investment Fund (PIF) announced the completion of pricing sukuk worth $1.25 billion (approximately SAR 4.7 billion). The proceeds from the dollar-denominated sukuk issuance will be used for the fund's general purposes. The seven-year sukuk was more than 6.5 times...

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Business & Money | Saturday 3 May, 2025 9:05 am

Saudi incurs ‘limited’ trade war impact, holds edge amid presence in global markets: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said the aftermath of the ongoing global trade war and geopolitical tensions poised a “limited impact” on Saudi Arabia, compared to many other countries.   Addressing the press on the sidelines of the third edition of...

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Business & Money | Saturday 3 May, 2025 9:03 am

Gold delivers highest return among major assets YTD, oil biggest loser: El-Erian

Economist Mohamed El-Erian shared his monthly update on the performance of major asset classes, noting that while April was a down month for most, these asset classes largely recovered by the end of the month.   In a post on X, President, Queens' College, wrote: “A few assets...

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Business & Money | Saturday 3 May, 2025 8:38 am

RAKEZ leadership visits China to boost bi-lateral business ties

 Ras Al Khaimah Economic Zone (RAKEZ) concluded a high-level delegation—led by its Group CEO Ramy Jallad—to China, aimed at deepening bilateral economic cooperation and opening new avenues for strategic partnerships. The visit underscores RAKEZ’s commitment to building global business...

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Business & Money | Friday 2 May, 2025 10:22 am

MAG SIGNS STRATEGIC PARTNERSHIP WITH MULTIBANK GROUP TO TOKENIZE $3 BILLION REAL ESTATE ASSETS

MAG, the leading real estate developer in the UAE has signed a historic $3 billion tokenization agreement with MultiBank Group, the world’s largest financial derivatives institution based in Dubai, and Mavryk, a leading blockchain innovator — marking the largest real-world asset (RWA)...

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