Business & Money | Wednesday 16 July, 2025 10:40 am

Tadweer acquires 'Waste-to-Energy' stake from Masdar

Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading renewable energy companies, today announced the divestment of its stake, subject to customary closing conditions, in the Sharjah Waste-to-Energy plant to Tadweer Group, a leader in unlocking the value of waste. The...

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Business & Money | Tuesday 15 July, 2025 11:33 am

Lucidya Raises USD30 Million in Largest AI Funding Round in MENA

Lucidya, MENA’s leading AI-Powered customer experience management (CXM) platform, has announced the close of its USD30 million Series B round—the largest AI investment ever raised in the region. The round was led by Impact46, the Saudi VC behind IPOs Jahez and Rasan. New participants...

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Business & Money | Tuesday 15 July, 2025 11:30 am

SACO signs SAR 140.4M agreement to sell Riyadh warehouse

Saudi Company for Hardware (SACO) signed today, July 15, a sales agreement for its warehouse located in the Al-Mashael district in Riyadh, with a total value of nearly SAR 140.43 million, excluding real estate transaction tax and brokerage commission. According to a statement to Tadawul, the...

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Business & Money | Tuesday 15 July, 2025 11:22 am

Abu Dhabi Investment Office, Emirates Family Office Association sign agreement

The Abu Dhabi Investment Office (ADIO) and the Emirates Family Office Association (EFOA) have signed a strategic agreement to position Abu Dhabi as the preferred destination for global family offices and ultra-high net worth individuals (UHNWIs). The agreement formalises a long-term...

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Business & Money | Tuesday 15 July, 2025 11:18 am

National Bonds adds RAKBANK onto Al Manassah Sukuk Trading Platform

In a strategic move to broaden the reach of Al Manassah Sukuk Trading Platform in the UAE, National Bonds has onboarded the National Bank of Ras Al Khaimah (RAKBANK) onto Al Manassah Sukuk Trading Platform. Al Manassah is among the region’s first Sharia-compliant electronic platforms for...

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Business & Money | Tuesday 15 July, 2025 11:17 am

EGA supplies CelestiAL solar aluminium to Brembo

Emirates Global Aluminium (EGA) today announced an agreement to increase its CelestiAL solar aluminium supply to Brembo, the global leader in braking solutions. CelestiAL is EGA’s aluminium made in the UAE using solar power, which significantly reduces the emissions associated with aluminium ...

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Business & Money | Tuesday 15 July, 2025 11:15 am

Etihad announces seven new destinations

Etihad Airways has announced seven additional new destinations to further expand its network as part of its ongoing strategy to bring more point-to-point traffic directly to Abu Dhabi. The new destinations - Almaty, Kazakhstan; Baku, Azerbaijan; Bucharest, Romania; Medina, Saudi Arabia;...

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Business & Money | Tuesday 15 July, 2025 11:09 am

Dubai Centre for Family Businesses, Emirates NBD to support family businesses

The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has signed a Memorandum of Understanding with Emirates NBD to enhance support for family businesses in Dubai and promote their sustainable long-term growth. Under the terms of the MoU, the centre will...

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Business & Money | Tuesday 15 July, 2025 11:06 am

Diriyah inks SAR 2.25B contract for Diriyah Square project

Diriyah Co. announced the award of a major new SAR 2.25 billion contract to Salini Saudi Arabia, a subsidiary of Italy-based Webuild Group, for the construction of the high-profile Diriyah Square retail precinct, which is situated at the heart of Diriyah. The scope of the work covers...

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Business & Money | Tuesday 15 July, 2025 11:04 am

454 investment opportunities of SAR 143B developed in industrial sectors: Alkhorayef

The Ministry of Industry and Mineral Resources developed 454 investment opportunities, at SAR 143 billion, related to the target industrial sectors under the National Industrial Strategy in 2024, said Minister Bandar Alkhorayef. Over 1,450 products have been added to the mandatory...

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