Business & Money | Thursday 22 May, 2025 9:44 am

BSF Capital says flynas IPO priced at SAR 80/shr

BSF Capital, the lead manager, financial advisor and underwriter for the initial public offering of Saudi budget airline flynas, announced the completion of the book-building process for the institutional tranche, with the final offer price set at SAR 80 per share — the upper limit of the price...

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Business & Money | Thursday 22 May, 2025 9:40 am

Shalfa signs SAR 35.4M contract with ZATCA

Shalfa Facilities Management Co. signed on May 21 a contract worth SAR 35.39 million with the Zakat, Tax, and Customs Authority (ZATCA), in partnership with Shalfa International Security Services, according to a statement to Tadawul. Under the contract, Shalfa will provide security guard...

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Business & Money | Thursday 22 May, 2025 9:32 am

Emirates Growth Fund announces first investment in Tarmeem Healthcare Holding

Emirates Growth Fund (EGF), the UAE’s dedicated growth equity platform for scaling national SMEs backed by Emirates Development Bank (EDB), has announced its inaugural investment with a strategic minority stake in Tarmeem Healthcare Holding LTD, a rapidly growing healthcare provider transforming...

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Business & Money | Thursday 22 May, 2025 9:30 am

ExpoCulinaire 2025 opens at Expo Centre Sharjah

The 7th edition of ExpoCulinaire, the Middle East’s leading event for the food service, hospitality and catering industry, opened today at Expo Centre Sharjah. Organised by Purple Kitchen Events and supported by the Sharjah Chamber of Commerce and Industry (SCCI), ExpoCulinaire 2025 runs...

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Business & Money | Thursday 22 May, 2025 9:27 am

Borouge, Mubadala Bio sign partnership agreement to strengthen UAE’s healthcare, life sciences sectors

Borouge, a leading petrochemicals company, that provides innovative and differentiated polyolefins solutions, has signed a strategic cooperation agreement with Mubadala Bio, a life sciences company dedicated to pursuing better health outcomes for the UAE and beyond. The partnership will...

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Business & Money | Thursday 22 May, 2025 9:24 am

NMDC Energy, Al Gharbia join forces to accelerate pipeline manufacturing in UAE

NMDC Energy PJSC, a provider of engineering, procurement and construction services for offshore and onshore energy clients, has signed a strategic Memorandum of Understanding (MoU) with Al Gharbia, the Abu Dhabi based advanced pipeline manufacturer, to explore ways to accelerate pipe production in...

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Business & Money | Thursday 22 May, 2025 9:21 am

AHS to Launch $750 Million Casa AHS on Dubai Water Canal

AHS Properties, the UAE’s leading ultra-luxury real estate developer, has announced the launch of Casa AHS, a landmark waterfront development valued at $750 million (AED 2.75 billion). Set along the prestigious Dubai Water Canal, the project redefines elite urban living with a curated collection...

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Business & Money | Thursday 22 May, 2025 9:13 am

GE Vernova announces initiatives worth up to $14.2 billion during President Trump’s state visit to accelerate Saudi Arabia’s energy transition with U.S. technology and expertise

In the presence of HRH Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia and Donald Trump, President of the United States of America, GE Vernova Inc. (NYSE: GEV) announced initiatives worth up to $14.2 billion for its world class...

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Business & Money | Thursday 22 May, 2025 9:11 am

PwC Middle East and sirar by stc certify first cohort of CISO500 leaders, redefining cyber leadership in Saudi Arabia

 PwC Middle East and sirar by stc have successfully concluded the first cohort of training for the CISO500 programme, an exclusive initiative designed to strengthen Saudi Arabia’s cybersecurity capabilities. This five-day intensive training marks a significant milestone in the programme’s...

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Business & Money | Thursday 22 May, 2025 9:07 am

Ruler attends signing of MoU between Ras Al Khaimah and Miami to enhance cooperation across sectors

 His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, today witnessed the signing of a Memorandum of Understanding (MoU) between Ras Al Khaimah and Miami, Florida, with a view to strengthening and promoting exchange and cooperation across a...

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