Business & Money | Tuesday 26 August, 2025 11:01 am

AD Ports Group expands Angola operations

AD Ports Group today announced the signing of an agreement to develop a digital Single Logistics Trade Window solution for Angola’s trade regulator - Agência Reguladora de Certificação de Carga e Logística de Angola (ARCCLA), and the purchase of 30 new trucks and 45 new trailers with an...

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Business & Money | Tuesday 26 August, 2025 10:31 am

Saudi Industrial Series to accelerate sector growth supporting Saudi Arabia’s Vision 2030 goals to double industrial GDP

As Saudi Arabia accelerates its transformation into a global industrial hub, dmg events, a leading international events organizer, announced the launch of Saudi Industrial Series, co-located with the second edition of Saudi Wood Expo, as part of their continued expansion, supporting the region’s...

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Business & Money | Tuesday 26 August, 2025 9:50 am

Knowledge Economic City secures SAR 305M loan from Riyad Bank

Knowledge Economic City (KEC) secured Shariah-compliant financing of SAR 305 million from Riyad Bank, the company said in a filing to Tadawul today, Aug. 26. The facility will be utilized for the execution of the remaining residential component of Al-Alya project, with a loan tenure of four...

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Business & Money | Tuesday 26 August, 2025 9:00 am

Riyadh Metro welcomes 100M passengers in less than 9 months

The Riyadh Metro, overseen by the Royal Commission for Riyadh City, has welcomed 100 million passengers in less than nine months since the project’s launch in early December 2024. According to the commission, ridership on the Blue Line (Olaya Corridor) reached about 46.5 million since...

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Business & Money | Monday 25 August, 2025 12:41 pm

'EMSTEEL' delivers first hydrogen-based rebar to 'Aldar'

EMSTEEL has delivered hydrogen-based rebar for the construction of Abu Dhabi’s first net-zero carbon mosque in Sustainable City, Yas Island. This marks a regional first, as Aldar becomes the inaugural developer in the MENA region to use low-emissions hydrogen-based steel. The rebar,...

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Business & Money | Monday 25 August, 2025 12:39 pm

E-commerce accounts for 29% of retail payments: Al-Kassabi

E-commerce made up 29% of total consumer retail payments in 2024, with more than 87 million shipments recorded, according to Minister of Commerce Majid Al-Kassabi. Speaking at a meeting with business leaders, entrepreneurs, and investors in the Aseer region, Al-Kassabi highlighted that the...

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Business & Money | Monday 25 August, 2025 11:12 am

Saudi Arabia hosts 1,900 food factories with SAR 88B investments: Industry Ministry

The Ministry of Industry and Mineral Resources said that Saudi Arabia hosts a robust food manufacturing base, comprising over 1,900 food factories with total investments exceeding SAR 88 billion. The Kingdom eyes attracting additional investments of SAR 78 billion by 2035, focusing on...

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Business & Money | Monday 25 August, 2025 10:02 am

TAQA to expand global water platform through US$1.2 billion Acquisition of GS Inima

Abu Dhabi National Energy Company (TAQA) today announced that it has signed an agreement to acquire a 100% interest in GS Inima, a global leader in water treatment and water desalination, from GS Engineering & Construction. The transaction, valued at approximately US$1.2 billion, will...

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Business & Money | Monday 25 August, 2025 10:00 am

Creators HQ attracts 2,415 active members from 147 countries with combined following of over 2 billion

Creators HQ, the first headquarters for content creators in the UAE and the Middle East, has seen a strong response from top content creators. In six months, it attracted 2,415 active members from 147 countries as part of its strategy to position the UAE as the global capital of the content...

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Business & Money | Monday 25 August, 2025 9:56 am

Cityscape Global to showcase major opportunities following Saudi Arabia’s landmark Foreign Homeownership Law

Cityscape Global 2025, the world’s most attended real estate event, will serve as the premier platform to explore the transformative impact of Saudi Arabia’s newly approved foreign homeownership law. The announcement, which opens designated zones across the Kingdom to foreign property ownership ...

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