Business & Money | Tuesday 27 May, 2025 10:36 am

ADNOC Drilling secures $1.15 billion, 15-year contract for two jack-up rigs

ADNOC Drilling Company announced today the award of a $1.15 billion, 15-year contract for two jack-up rigs by ADNOC Offshore in support of its growing offshore operations. The contract will follow existing agreements, bringing accretive rates that generate long-term revenue and attractive...

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Business & Money | Tuesday 27 May, 2025 10:33 am

Mulkia Investment signs acquisition agreement for Tuwaiq Residential Complex on behalf of its real estate fund

Mulkia Investment Company has signed an agreement to acquire the Tuwaiq Residential Complex, located in the Tuwaiq district in western Riyadh, with a land area of 710,877 square meters and built-up areas exceeding million square meters. The acquisition is being made on behalf of the Mulkia Tuwaiq...

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Business & Money | Tuesday 27 May, 2025 10:30 am

The Myriad Redefines Student Living for a Mobile, Urban Generation

As co-living becomes essential to young urban life, The Myriad offers an institutional model that merges flexibility with community. Dubai, UAE – As co-living gains momentum among Millennial and Gen Z residents, The Myriad is emerging as a standout model in the Gulf for student accommodation ...

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Business & Money | Tuesday 27 May, 2025 10:30 am

Saudi, Kuwait unveil new oil discovery in Neutral Zone

Saudi Arabia and Kuwait announced today, May 26, a new oil discovery in the jointly operated Wafra field. The oil find is located in the North Wafra Warrah-Burgan reservoir, about five kilometers north of the main Wafra site. Saudi Arabia’s Ministry of Energy said crude flowed from the...

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Business & Money | Tuesday 27 May, 2025 10:06 am

Minister of Communications Conducts On-Site Visit to Review Mobily’s Network Readiness for Serving Pilgrims

His Excellency Engineer Abdullah Alswaha Minister of Communications and Information Technology, visited Etihad Etisalat Company “Mobily” operational headquarters in Makkah  to review the company’s operational preparations for this year’s Hajj season (1446H), aimed at serving the Guests ...

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Business & Money | Tuesday 27 May, 2025 10:00 am

Kinderini Crowned Product of The Year 2025 Gulf in the ‘Biscuits’ Category

Kinderini, Kinder’s first plain biscuits, wins the hearts of consumers across the GCC DUBAI – Kinderini made big waves at the consumer-driven Product of the Year Award - Gulf, sweeping the ‘Biscuits’ category. The prestigious event was held at Dubai Miracle Garden on March 19, 2025....

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Business & Money | Tuesday 27 May, 2025 9:39 am

GAS signs SAR 830.6M contracts with SPPC

Gas Arabian Services Co. (GAS) signed two contracts on May 25 with the Saudi Power Procurement Co. (SPPC), the principal buyer, with a total value of SAR 830.64 million, excluding value-added tax (VAT). In a statement to Tadawul, GAS said the first contract entails the construction of gas...

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Business & Money | Tuesday 27 May, 2025 9:16 am

Arab Sea wins SAR 14.7M project with SPA

Arab Sea Information Systems Co. was awarded a project worth SAR 14.72 million, including VAT, with the Saudi Press Agency (SPA). In a statement to Tadawul, the company said that the 36-month contract covers the maintenance and operation of computer systems. The contract is expected...

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Business & Money | Monday 26 May, 2025 3:34 pm

Project Qatar 2025 kicks off with the participation of 200 local and international companies

Under the patronage of the Prime Minister and Minister of Foreign Affairs of the State of Qatar, Project Qatar 2025, the country's longest running international trade exhibition, kicked off. Organized by IFP Qatar with the support of the Ministry of Commerce and Industry and in partnership with the ...

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Business & Money | Monday 26 May, 2025 9:51 am

CNTXT AI and Beam Partner to Tackle the Gulf’s $5.4 Billion AI Agent Opportunity

CNTXT AI, a Data and AI enabler driving AI readiness through sovereign infrastructure and high-quality data, has signed a strategic Memorandum of Understanding (MoU) with Beam AI, the leading platform for AI agents. Together, the two companies will deliver secure, scalable, and localized AI agents...

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