Business & Money | Wednesday 11 June, 2025 9:58 am

Cenomi Centers sells land plot in Al-Kharj for SAR 100M

Arabian Centres Co. (Cenomi Centers) announced the sale of a land plot to Saleh Mohammed Alsedairy in Al-Kharj city, located on the Riyadh-Al-Kharj Road, for SAR 100 million (excluding real estate transaction tax and brokerage fees). According to a statement on Tadawul, this transaction is...

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Business & Money | Wednesday 11 June, 2025 9:35 am

Wipro Strengthens Middle East Presence with New Regional Headquarters in Riyadh

 Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced the relocation of its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. The new office in Riyadh was inaugurated in a ceremony attended by the ...

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Business & Money | Wednesday 11 June, 2025 8:44 am

Fitch expects M&A activity to accelerate in Saudi insurance sector

Fitch Ratings expects insurance market consolidation in Saudi Arabia to accelerate in the next two years, driven by tighter capital rules and weak underwriting profitability due to intense price competition. Some smaller insurers may struggle to meet new requirements or stay profitable,...

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Business & Money | Tuesday 10 June, 2025 4:13 pm

Saudi Arabia resumes Umrah visas for international pilgrims today

Saudi Arabia resumed today, June 10, issuing Umrah visas to international pilgrims, Ministry of Hajj and Umrah’s 2025-2026 Umrah calendar showed. The ministry will issue Nusuk Umrah permits starting June 11. In the Umrah season calendar, the ministry clarified that it will stop...

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Business & Money | Tuesday 10 June, 2025 4:04 pm

Saudi Electricity says operating plan of Hajj 2025 season ‘successful’

Saudi Electricity Co. (SEC) announced the “successful” completion of the operational plan for the Hajj 2025 season, with no power outages or emergency disruption affecting the public electrical grid in Makkah and the Holy sites. On its official X account, SEC said it registered the...

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Business & Money | Tuesday 10 June, 2025 3:58 pm

Saudi Arabia keen to support Syrian economy stability: Al-Falih

Minister of Investment Khalid Al-Falih emphasized the importance of creating a conducive environment to expand regional investment partnerships, the Saudi Press Agency reported. He also highlighted the Kingdom's commitment to supporting the stability and development of the Syrian economy to...

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Business & Money | Tuesday 10 June, 2025 3:57 pm

UAE participates in Indo Defence 2025 with National Pavilion showcasing over 90 defence products

The UAE is participating in Indo Defence 2025, held from 11 to 14 June at the Jakarta International Expo. The national pavilion is organised with the support of Tawazun Council and the Ministry of Defence, and as part of the ongoing efforts to enhance UAE’s global presence in the defence...

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Business & Money | Tuesday 10 June, 2025 3:52 pm

ENOC Group, DP World sign MoU to strengthen emergency response capabilities

ENOC Group and DP World have signed a Memorandum of Understanding (MoU) to enhance emergency and fire response capabilities across Dubai’s key energy and logistics infrastructure, through joint training, planning and coordination. The agreement was signed at the ENOC headquarters in Dubai by ...

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Business & Money | Tuesday 10 June, 2025 3:45 pm

Nasdaq Dubai welcomes listing of $500 million AT1 Sukuk by Sharjah Islamic Bank

Nasdaq Dubai today welcomed the listing of a US$500 million Additional Tier 1 (AT1) Sukuk issued by Sharjah Islamic Bank (SIB). The perpetual, non-call six-year AT1 Capital Certificates were issued by SIB Tier 1 Sukuk IIND Ltd and are compliant with Basel III regulations. The issuance...

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Business & Money | Tuesday 10 June, 2025 3:43 pm

National Human Rights Institution Conducts Introductory Visit to Dubai Police General Headquarters

As part of its efforts to strengthen institutional partnerships and promote a culture of human rights in the United Arab Emirates, the National Human Rights Institution (NHRI) conducted an introductory visit to the Dubai Police General Headquarters. The visit aimed to build bridges of cooperation...

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