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

SRC Signs a Real Estate Finance Portfolio Purchase Agreement with Bank Albilad

The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a real estate finance portfolio purchase agreement with Bank Albilad. The signing took place in the presence of His Excellency Majid bin Abdullah Al-Hogail, the Minister of Municipalities and Housing and Chairman of SRC,...

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

BEYOND Launches PASSO, a Sculptural Icon on Palm Jumeirah

BEYOND Developments, the forward-thinking real estate brand shaping lifestyle destinations by the sea, has unveiled PASSO, a sculptural waterfront development located on the prestigious West Crescent of Palm Jumeirah. As BEYOND’s first flagship beyond its masterplan in Dubai Maritime City,...

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

Social Development Bank Launches "Asir: Craftsmanship Celebration" to empower productive families

The Social Development Bank launched the "Asir: Craftsmanship Celebration" event as part of the "Asir is More Beautiful" Diwaniya, in strategic partnership with the Italian Institute of Contemporary Art, an expert in artistic jewelry design and production that focuses on empowering craftsmen and...

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

Abu Dhabi’s non-oil foreign trade grew 34.7% in H1 2025

The Abu Dhabi’s non-oil foreign trade continued its growth trajectory, recording a strong performance during the first half of current year (From January to June 2025), soaring 34.7% to AED195.4 billion compared to AED145 billion during the corresponding period in 2024, according to statistics...

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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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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

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 | Sunday 3 August, 2025 8:00 am

Mohammed bin Rashid boards Etihad Rail passenger train for journey between Dubai, Fujairah ahead of commercial launch in 2026

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, reviewed the progress of Etihad Rail and embarked on a passenger train journey between Dubai and Fujairah. The visit reflects his commitment to personally overseeing strategic infrastructure...

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Business & Money | Sunday 3 August, 2025 8:00 am

UAE cementing its leadership in maritime sector through high-impact local projects

The UAE continues to solidify its position as a leading maritime power and a global model in the maritime sector through pioneering initiatives and projects that place sustainability at the core of its development policies. It was among the first countries to adopt integrated policies for marine...

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Business & Money | Sunday 3 August, 2025 8:00 am

AMEA Power joins second phase of Agadir desalination project in Morocco

AMEA Power, one of the fastest-growing renewable energy companies in the region, announced its entry into the second phase of the Agadir desalination project in Morocco. The facility will be powered by AMEA Power’s 150 MW wind project in Laayoune, which is being co-developed with...

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