Business & Money | Thursday 22 May, 2025 9:27 am

Borouge, Mubadala Bio sign partnership agreement to strengthen UAE’s healthcare, life sciences sectors

Borouge, a leading petrochemicals company, that provides innovative and differentiated polyolefins solutions, has signed a strategic cooperation agreement with Mubadala Bio, a life sciences company dedicated to pursuing better health outcomes for the UAE and beyond. The partnership will...

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Business & Money | Thursday 22 May, 2025 9:24 am

NMDC Energy, Al Gharbia join forces to accelerate pipeline manufacturing in UAE

NMDC Energy PJSC, a provider of engineering, procurement and construction services for offshore and onshore energy clients, has signed a strategic Memorandum of Understanding (MoU) with Al Gharbia, the Abu Dhabi based advanced pipeline manufacturer, to explore ways to accelerate pipe production in...

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Business & Money | Thursday 22 May, 2025 9:21 am

AHS to Launch $750 Million Casa AHS on Dubai Water Canal

AHS Properties, the UAE’s leading ultra-luxury real estate developer, has announced the launch of Casa AHS, a landmark waterfront development valued at $750 million (AED 2.75 billion). Set along the prestigious Dubai Water Canal, the project redefines elite urban living with a curated collection...

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Business & Money | Thursday 22 May, 2025 9:13 am

GE Vernova announces initiatives worth up to $14.2 billion during President Trump’s state visit to accelerate Saudi Arabia’s energy transition with U.S. technology and expertise

In the presence of HRH Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia and Donald Trump, President of the United States of America, GE Vernova Inc. (NYSE: GEV) announced initiatives worth up to $14.2 billion for its world class...

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Business & Money | Thursday 22 May, 2025 9:11 am

PwC Middle East and sirar by stc certify first cohort of CISO500 leaders, redefining cyber leadership in Saudi Arabia

 PwC Middle East and sirar by stc have successfully concluded the first cohort of training for the CISO500 programme, an exclusive initiative designed to strengthen Saudi Arabia’s cybersecurity capabilities. This five-day intensive training marks a significant milestone in the programme’s...

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

Ruler attends signing of MoU between Ras Al Khaimah and Miami to enhance cooperation across sectors

 His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, today witnessed the signing of a Memorandum of Understanding (MoU) between Ras Al Khaimah and Miami, Florida, with a view to strengthening and promoting exchange and cooperation across a...

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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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