Business & Money | Wednesday 16 July, 2025 11:07 am

Al Yamamah Steel inks SAR 68.7M contracts to supply wind towers

Al Yamamah Steel Industries Co. announced today, July 15, the signing of two contracts with SEPCOIII Electric Power Construction Co., Ltd. Branch, at a total value of SAR 68.66 million. In a statement to Tadawul, the company said that the first is contract is for supplying steel ...

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Business & Money | Wednesday 16 July, 2025 11:03 am

First Avenue, Asas Makeen ink deal to develop Jadah Al-Huda project in Riyadh

First Avenue for Real Estate Development Co. signed a contract with Asas Makeen Real Estate Development and Investment Co. to develop the Jadah Al-Huda residential project in Riyadh, according to a Tadawul statement. Construction will commence immediately upon obtaining regulatory...

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Business & Money | Wednesday 16 July, 2025 11:01 am

Zain KSA and Cisco to Collaborate on the Development of Advanced AI Infrastructure

Zain KSA, a leading provider of telecommunications and digital services in Saudi Arabia, has signed a Memorandum of Understanding (MoU) with Cisco, the global leader in networking and security, focusing on the development of cutting-edge AI infrastructure and GPU-as-a-Service...

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Business & Money | Wednesday 16 July, 2025 10:57 am

du becomes UAE's first telecom operator to achieve ISO 20400 certification for sustainable procurement

du, the leading telecom and digital services provider, has become the first telecom operator in the UAE, and the second in the GCC, to be awarded the ISO 20400 Sustainable Procurement certification. The international standard represents excellence in sustainable procurement processes, spotlighting...

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Business & Money | Wednesday 16 July, 2025 10:55 am

DEWA receives ‘3G Championship Award for Digital Transformation 2025’

Dubai Electricity and Water Authority (DEWA) has won the ‘3G Championship Award for Digital Transformation 2025' in recognition of the remarkable achievements of its Internal Audit Department. The accolade, which was announced at the Global Good Governance Awards organised by UK financial...

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Business & Money | Wednesday 16 July, 2025 10:54 am

IHC completes acquisition of eFunder, rebrands platform as Zelo to strengthen SME capital access in UAE

IHC, a global investment company focused on building dynamic value networks, today announced that it has completed the acquisition of eFunder, the UAE’s pioneering private financing platform for small and medium-sized enterprises (SMEs). The platform has now been rebranded as Zelo, marking a new...

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Business & Money | Wednesday 16 July, 2025 10:51 am

flydubai receives Executive Leadership for Middle East & Africa accolade at 2025 Airline Strategy Awards

Ghaith Al Ghaith, Chief Executive Officer at flydubai, has been awarded the Executive Leadership for the Middle East & Africa accolade at the 2025 Airline Strategy Awards in London last night. The Airline Strategy Awards, now in their 21st edition, are globally recognised for celebrating...

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Business & Money | Wednesday 16 July, 2025 10:47 am

Emirates NBD concludes AED 3.9 bn Syndicated Bonding Facilities for Dubai Metro ‘Blue Line’ Project

Emirates NBD has concluded AED 3.9 billion Syndicated Bonding Facilities to a consortium created by MAPA, LIMAK and CRRC that will deliver the new Dubai Metro ‘Blue Line’ Project. Dubai Road and Transport Authority (RTA) awarded a consortium of MAPA, LIMAK, and CRRC – the design and...

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Business & Money | Wednesday 16 July, 2025 10:45 am

Abu Dhabi Chamber launches initiative to empower entrepreneurs, small-enterprises in Al Ain

As part of the Abu Dhabi Chamber of Commerce and Industry's efforts to deepen engagement with entrepreneurs’ small enterprises, identify their needs, and shape more responsive trade policies that support their growth, the Chamber's Al Ain branch launched an initiative targeting enterprises in the ...

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Business & Money | Wednesday 16 July, 2025 10:43 am

ADNOC announces transfer of 24.9% OMV shareholding to XRG

Abu Dhabi National Oil Company PJSC (ADNOC) announced today its intention to transfer its 24.9 percent shareholding in OMV AG (OMV) to XRG PJSC (XRG), its wholly-owned international investment company. This transfer, which is subject to regulatory approvals, is aligned with ADNOC’s strategy...

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