Business & Money | Wednesday 24 September, 2025 7:50 am

BYD plans ultra-fast EV charging expansion in Saudi Arabia, Gulf

BYD Co. Ltd. is stepping up its Gulf expansion efforts with a plan to deploy 500 to 1,000 ultra-fast electric vehicle (EV) charging stations, Executive Vice President (VP) Stella Li said. Under this plan, BYD will offer one-megawatt units in Saudi Arabia and the UAE that can deliver a...

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Business & Money | Wednesday 24 September, 2025 7:48 am

Farabi launches SAR 3.6B LAB production plant in Yanbu

Farabi Petrochemicals Co. inaugurated on Sept. 22 its fourth integrated linear alkyl benzene (LAB) plant in Yanbu Industrial City, with total investments of SAR 3.6 billion ($950 million). The new facility represents a significant addition to its production capacity, boosting annual output by...

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Business & Money | Monday 22 September, 2025 11:17 am

Cenomi Centers shareholders OK SAR 2.23B related-party deals

Arabian Centres Co.’s (Cenomi Centers) shareholders approved contracts and transactions with related parties totaling approximately SAR 2.23 billion for the fiscal year ended Dec. 31, 2024.Details of contracts and transactions: Related PartyValue of Transactions in 2024(SAR...

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Business & Money | Monday 22 September, 2025 9:23 am

Minister of Economy: UAE seeks to increase number of startups to more than two million by 2031

Abdullah bin Touq Al Marri, Minister of Economy and Tourism, affirmed that startups and entrepreneurs constitute a fundamental pillar in the UAE’s economic growth journey, noting that the country aims to increase the number of companies to more than two million by 2031. In statements to the...

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Business & Money | Monday 22 September, 2025 9:21 am

UAE signs MoUs with Seychelles, Uganda on auditing, oversight

The UAE Accountability Authority (UAEAA) signed two Memoranda of Understanding (MoUs) today, first with the Office of the Auditor General of the Republic of Seychelles, and the second with the Office of the Auditor General of the Republic of Uganda. According to a press release issued today,...

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Business & Money | Monday 22 September, 2025 9:11 am

Khalifa Fund to empower 1,000 entrepreneurs during first six months of 'The Emirates: The Startup Capital of the World'

The Khalifa Fund for Enterprise Development announced that it has provided support exceeding AED1.4 billion to more than 1,200 companies since its establishment in 2007 until the end of last August. Mouza Obaid Al Nasri, CEO of the Khalifa Fund for Enterprise Development, said in statements to ...

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Business & Money | Monday 22 September, 2025 9:09 am

Athar Awards 2025 unveils 274 finalists across 35+ categories for its biggest edition yet

 The highly anticipated shortlist of nominees for Athar Awards 2025 has been revealed, setting the stage for the boldest and most dynamic edition of Saudi Arabia’s biggest celebration of creativity and innovation. With 14 new categories added this year, the competition now spans more than 35 ...

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Business & Money | Monday 22 September, 2025 9:05 am

Deloitte Middle East spotlights AI, fraud risks, and UAE’s evolving compliance landscape at its 8th Financial Crime Symposium

Deloitte Middle East hosted its 8th Financial Crime Symposium in Dubai, bringing together regulators, business leaders, and industry experts to address the evolving financial crime landscape in the UAE and wider region. The half-day event, held on September 17, convened senior stakeholders...

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Business & Money | Monday 22 September, 2025 9:03 am

Bank Aljazira Signs Collaboration Agreements to Accelerate Digital Transformation

Bank Aljazira has signed several collaboration agreements with leading companies — including GO Telecom, SingleView, and Bwatech to strengthen the bank’s technical efficiency and further enhance customer service. The agreements were signed during the bank’s participation in Money 20/20 Middle ...

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Business & Money | Monday 22 September, 2025 9:00 am

Ortac Global Showcases Dubai’s Accounting and Compliance Services

As Dubai records 4.5% GDP growth in the first half of 2025 and prepares to welcome more than 22 million tourists, new regulatory measures and the city’s Quality of Life Strategy 2033 underline its ambition to attract businesses and families alike. Dubai, UAE: Dubai’s rapid economic...

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