Business & Money | Monday 19 May, 2025 10:36 am

2P wins SAR 60.6M project from Saudi Red Crescent

Perfect Presentation for Commercial Services Co. (2P) secured a SAR 60.6 million contract, inclusive of VAT, from the Saudi Red Crescent Authority to supply and implement computer equipment and digital infrastructure across its affiliated sites. In a statement to Tadawul, 2P said the project...

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Business & Money | Monday 19 May, 2025 10:32 am

SGS secures bank facilities with SNB, BSF up to SAR 850M

Saudi Ground Services Co. (SGS) signed two Shariah-compliant bank facilities agreements with Saudi National Bank (SNB) and Banque Saudi Fransi (BSF) up to SAR 550 million and SAR 300 million, respectively. The funds can be drawn when needed, SGS said in a statement to Tadawul. SNB...

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Business & Money | Monday 19 May, 2025 10:28 am

EDGE, Barricade AI join forces to transform global policing operations through AI

EDGE, one of the world's leading advanced technology and defence groups, announced that its entity, BEACON RED, signed a Memorandum of Understanding (MoU) with Barricade AI, the US-based provider of artificial intelligence (AI)-driven public safety solutions, at the World Police Summit, held in...

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Business & Money | Monday 19 May, 2025 10:15 am

UAE Cybersecurity Council develops national Drone Cybersecurity Guidelines

The UAE Cybersecurity Council (CSC) announced the development of the UAE’s first national Drone Cybersecurity Guidelines, in strategic collaboration with Reach Digital, a subsidiary of Reach Group and specialises in digital transformation and cybersecurity innovation, and Shieldworkz, a...

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Business & Money | Monday 19 May, 2025 10:11 am

400 UAE companies benefit from AED65.7 billion contract awards in H1 2025 as ADNOC boosts local economic growth

Nearly 400 local suppliers, contractors and service providers have received contract awards from ADNOC valued at AED65.7 billion in the first half of 2025 as the company deploys its purchasing power to boost socioeconomic growth, empower businesses and generate long-term value for the...

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Business & Money | Monday 19 May, 2025 10:09 am

Sharjah hosts inaugural 2025 WTCA Middle East Members Conference

The emirate of Sharjah hosted the inaugural 2025 World Trade Centers Association (WTCA) Middle East Members Conference, organised by Expo Centre Sharjah, bringing together leaders and representatives from the region’s growing number of 18 World Trade Center businesses. The Conference aimed...

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Business & Money | Monday 19 May, 2025 10:04 am

Fourth 'Make it in the Emirates' kicks off in Abu Dhabi

The fourth edition of Make it in the Emirates kicked off today under the theme “Advanced Industries Accelerated”. The event runs until 22nd May at the ADNEC Centre Abu Dhabi, with broad local and international participation from decision-makers, officials from both public and private...

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Business & Money | Monday 19 May, 2025 9:13 am

Dubai Supreme Council of Energy reviews sustainable biofuel projects

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, chaired the 88th meeting of the Council, which was held virtually in the presence of Saeed Mohammed Al Tayer, Vice Chairman of the Council. The meeting was also attended by Ahmed Buti Al Muhairbi,...

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Business & Money | Sunday 18 May, 2025 9:35 am

Avalon Pharma renews SAR 50M credit agreement with Alinma Bank

Middle East Pharmaceutical Industries Co. (Avalon Pharma) renewed its SAR 50 million credit facility agreement with Alinma Bank to support its working capital and capital expenditure. In a statement to Tadawul, the company said the one-year facility was obtained on May 15, 2025. The...

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Business & Money | Sunday 18 May, 2025 9:27 am

Bank Albilad completes $650M AT1 sukuk issuance

Bank Albilad completed the issuance of a US dollar-denominated additional Tier 1 sukuk issuance.DetailsOffer TypeUS dollar-denominated additional Tier 1 green sukuk Offer Value$650 mlnTotal No. of Sukuk3,250 (based on minimum denomination and total issue size)Nominal...

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