Business & Money | Tuesday 5 August, 2025 8:00 am

SCA developing four legislations on carbon credits, retail Sukuk

Waleed Al Awadhi, CEO of the Securities and Commodities Authority (SCA), has announced that the authority is studying and preparing four regulatory projects “legislations” aimed at enhancing the competitiveness of financial markets, increasing transparency, and protecting...

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Business & Money | Tuesday 5 August, 2025 8:00 am

DEWA's electricity transmission investments surpass AED7.6 billion

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), has revealed that DEWA’s electricity transmission network projects now exceed AED7.6 billion in value. He further noted that DEWA commissioned four 132 kV substations with a conversion capacity of 450...

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Business & Money | Tuesday 5 August, 2025 8:00 am

IHC reports AED54.7 bn revenue; AED10.8 bn net profit in H1/25

IHC, the global investment company focused on building dynamic value networks, has reported its financial results for the first half of 2025, achieving revenue of AED54.7 billion, a 31.1% increase compared to AED41.7 billion in H1 2024, and a profit after tax of AED10.8 billion. The second...

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Business & Money | Tuesday 5 August, 2025 8:00 am

ADNOC Gas signs 10-year LNG supply agreement with Hindustan Petroleum Corporation

ADNOC Gas plc and its subsidiaries today announced the signing of a Heads of Agreement with Hindustan Petroleum Corporation Limited (HPCL) to supply 0.5 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) for a 10-year term. The agreement underscores ADNOC Gas’ expanded...

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Business & Money | Tuesday 5 August, 2025 8:00 am

NFPA to highlight critical role of global fire and life safety standards at Intersec Saudi Arabia

Intersec Saudi Arabia, the premier industry platform for security, safety and fire protection, has formed a groundbreaking collaboration with the National Fire Protection Association (NFPA), which will be a highlight of this year’s Fire Protection and Technology Summit.  Founded in...

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Business & Money | Monday 4 August, 2025 12:22 pm

Classera Signs Major Strategic Agreements in Damascus in Presence of Syrian President and Saudi Minister of Investment

In a significant step to strengthen Saudi-Syrian economic cooperation and accelerate reconstruction and digital transformation, Classera, the global leader in smart learning solutions, has signed a series of strategic agreements with the Government of the Syrian Arab Republic, represented by the...

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Business & Money | Monday 4 August, 2025 9:58 am

Rasmala Delivers Robotics-Enabled Logistics Facility in the Netherlands

Distribution centre pre-leased for 15 years to a global outdoor fashion brand Dubai, UAE – Rasmala Investment Bank Limited (“Rasmala”), one of the leading Dubai-based alternative investment managers, announces the successful completion of its ground-up investment in a cutting-edge...

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Business & Money | Monday 4 August, 2025 8:00 am

DFM announces 298% rise in net profit before tax for H1 2025 to AED777.1 million

Dubai Financial Market (DFM) today announced its consolidated financial results for the six-month period ending 30 June 2025, reporting a net profit before tax of AED777.1 million, up 298 percent compared to the same period in 2024, underscoring strong investor confidence and the continued...

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Business & Money | Monday 4 August, 2025 8:00 am

CBI reports pre-tax net profit of AED93m in H1’25

Commercial Bank International (CBI) today announced its financial results for the first half of 2025. Pre-tax net profit increased by 4% YoY from AED90 million in H1-24 to AED93 million in H1-25. The Bank reported pre-tax net profit of AED48 million for Q2-25 The operating profit increased by...

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Business & Money | Monday 4 August, 2025 8:00 am

ACWA Power’s business portfolio to double in 5 years: CEO

The size of ACWA Power Co.’s business portfolio doubled during the last three years, CEO Marco Arcelli stated. He expects it to double again over the coming five years, as the company proceeds with achieving its mission on a larger scale and with a larger impact. “What we have achieved so...

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