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

Retal signs SAR 1.4B deal to develop residential units

Retal Urban Development Co. signed a sub-development agreement with the National Housing Co. to develop 995 residential units in Al-Aziziyah district, Al-Khobar, at an estimated value of SAR 1.41 billion, excluding taxes and fees. The contract duration is 42 months from the commencement date...

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Business & Money | Thursday 22 May, 2025 9:00 am

NWC Bolsters Operations Serving Pilgrims with 18 Projects Worth SAR400 Million

The National Water Company (NWC), represented by the Western Cluster, announced the completion of 18 operational and capital projects in Makkah and the Holy Sites, costing some SAR400 million. The projects are part of the company’s plans to improve the water and environmental services...

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Business & Money | Thursday 22 May, 2025 8:53 am

TAQA Morocco Joins Forces with Moroccan Public and Private Partners for the Accelerated Development of Large-scale Power and Water Projects in the Kingdom of Morocco

Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utility companies in Europe, the Middle East and Africa, announced today that its subsidiary  TAQA Morocco Group (“TAQA Morocco”), Morocco’s leading independent power producer, which is listed on...

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Business & Money | Wednesday 21 May, 2025 11:24 am

Sinad signs SAR 400M agreement to renew, upsize bank facilities with SAIB

Sinad Holding Co. signed a SAR 400 million Shariah-compliant bank facility agreement with Saudi Investment Bank (SAIB), renewing and upsizing its existing financing, the company said in a statement to Tadawul.The deal includes the renewal of a SAR 200 million short-term facility, available on...

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Business & Money | Wednesday 21 May, 2025 11:11 am

Saudi German Health awarded SAR 47.3M contract by Health Ministry

Middle East Healthcare Co. (Saudi German Health) won a SAR 47.3 million contract with the Ministry of Health (General Bureau), entailing the medical operation of the Mina Emergency Hospital 2 project, according to a statement to Tadawul today, May 20. Under the contract, Saudi German Health...

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Business & Money | Wednesday 21 May, 2025 11:02 am

Alinma Bank issues $500M AT1 sukuk

Alinma Bank completed the issuance of additional Tier 1 (AT1) sukuk worth $500 million. In a statement to Tadawul, the bank said the sukuk will be settled on May 28, 2025. DetailsOffer TypeUS dollar-denominated AT1 sukuk under its AT1 Capital Note ProgrammeOffer Value$500 mlnTarget...

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Business & Money | Wednesday 21 May, 2025 10:54 am

Mansour bin Zayed visits 'Make it in the Emirates 2025'; reiterates leadership's commitment to industrial growth

His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, visited today the ‘Make it in the Emirates 2025’, held at ADNEC Centre Abu Dhabi. The event witnesses broad local and international participation, bringing together...

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Business & Money | Wednesday 21 May, 2025 10:52 am

EMSTEEL CEO highlights AED6.2 billion boost to Abu Dhabi’s GDP

Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, revealed that the group has contributed approximately AED6.2 billion to the Gross Domestic Product (GDP) of the Emirate of Abu Dhabi. In statements to the Emirates News Agency (WAM), on the sidelines of the 'Make it in the Emirates...

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Business & Money | Wednesday 21 May, 2025 10:50 am

UAE, Bahrain explore ways to strengthen collaboration in transport, infrastructure

Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, received Dr. Shaikh Abdulla bin Ahmed Al Khalifa, Bahrain’s Minister of Transportation and Telecommunications. The visit is in line with the two countries’ commitment to strengthening synergies across the board and contributing...

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Business & Money | Wednesday 21 May, 2025 10:48 am

UAE’s 'DOCKTOUR ' project converts shipping containers into mobile clinics serving Africa

The DOCKTOUR project, a joint venture (JV) between AD Ports Group and Burjeel Holdings, was unveiled at the “Make it in the Emirates” as an innovative solution to deliver healthcare to remote regions in Africa by converting shipping containers into mobile medical units. Dr. Shamsheer...

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