Business & Money | Wednesday 20 August, 2025 12:00 pm

Hatta exports power to Dubai

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced the beginning of trial operation and electricity export from the pumped-storage hydroelectric power plant in Hatta to Dubai. This announcement was made during his visit to the project to review...

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Business & Money | Wednesday 20 August, 2025 12:00 pm

SEWA to enhance water security in Sharjah via strategic projects worth AED4 bn

The Sharjah Electricity, Water, and Gas Authority (SEWA) is actively working on several key projects, including the Al Hamriyah Independent Water Desalination Plant, which can produce up to 90 million gallons of water daily. Engineer Faisal Al Serkal, who leads the Water Department at SEWA,...

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Business & Money | Wednesday 20 August, 2025 12:00 pm

10 startups join Presight’s AI-Startup Accelerator Bootcamp in Abu Dhabi

Presight, a leading global AI and big data analytics company, is hosting its first-ever AI-Startup Accelerator Bootcamp in Abu Dhabi, bringing together 10 promising startups from across the globe for a transformative three-day programme designed to scale real-world AI solutions. The Bootcamp...

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Business & Money | Wednesday 20 August, 2025 12:00 pm

Saudi’s GACA grants VistaJet license as first foreign private jet operator

The General Authority of Civil Aviation (GACA) granted a foreign operator certificate to VistaJet, a private aircraft operator, making it the first international private jet operator permitted to operate domestic routes within the Kingdom. In a statement, the authority said that the...

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Business & Money | Wednesday 20 August, 2025 12:00 pm

Ras Al Khaimah, UAE, is undeniably one of the fastest-growing real estate markets in the Middle East: industry leaders

Ras Al Khaimah is experiencing an unprecedented real estate boom, rapidly emerging as among the most dynamic property markets in the UAE, guided by the forward-looking vision of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah.  The...

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Business & Money | Wednesday 20 August, 2025 12:00 pm

The Arabian Silk Road: First Global Path to Responsible Consumption and Production

Renowned for its green plains and world-famous dates, Al Qassim has emerged as a Saudi model for integrating agricultural heritage with modern sustainability practices. Under the patronage of HRH Prince Dr. Faisal bin Mishaal bin Abdulaziz Al Saud, the “Qassim Land” initiative was launched to...

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Business & Money | Wednesday 20 August, 2025 10:22 am

GIB Capital Announces Management of “Al Wuroud 2” Fund with SAR 1.5 Billion Investment in Taif

GIB Capital, one of the leading companies in asset management and in providing innovative banking, financial, and investment solutions, has announced the management of the “Al Wuroud 2” Fund — a closed-end private real estate fund — with investments exceeding SAR 1.5 billion. The fund is...

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Business & Money | Wednesday 20 August, 2025 9:01 am

MIS signs SAR 450M credit facility deal with GIB

Al Moammar Information Systems Co. (MIS) renewed and amended a SAR 450 million Shariah-compliant credit facility agreement with Gulf International Bank (GIB) - Saudi Arabia. In a statement to Tadawul, the company said the financing was secured on Aug. 14, with the agreement signed on Aug. 19....

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Business & Money | Tuesday 19 August, 2025 3:50 pm

Cityscape Global Returns to Riyadh in November 2025

Cityscape Global, will return to the Exhibition and Convention Centre in Malham, Riyadh, from 17 - 20 November 2025. Held under the theme “The Future of Urban Living”, the event is sponsored by the Ministry of Municipalities and Housing (MOMAH) in partnership with the Real Estate General...

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Business & Money | Tuesday 19 August, 2025 11:54 am

Jahez secures SAR 150M facilities from NBB

Jahez International Company for Information System Technology obtained SAR 150 million worth of Shariah-compliant facilities from National Bank of Bahrain (NBB). The facilities were secured on Aug. 18, 2025, with a tenor of eight years, and will be used to fund capital...

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