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

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

ADNEC Group awarded ‘Plan to Action: Year of Sustainability’s Seal’

ADNEC Group has been officially recognised with the ‘Plan to Action: Year of Sustainability’s Seal’ for its tangible, data-backed achievements in environmental stewardship and sustainable innovation. The award was granted following a national open call to UAE-based organisations...

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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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Business & Money | Tuesday 19 August, 2025 11:52 am

Tawuniya wins deal to provide health insurance services to NWC

The Company for Cooperative Insurance (Tawuniya) was awarded on Aug. 18 a contract with the National Water Co. (NWC) to provide cooperative health insurance services to the latter’s employees in accordance with the agreed terms and conditions, for a period of three years starting Aug. 25,...

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Business & Money | Tuesday 19 August, 2025 11:49 am

SAR to build new station in Al Zulfi

Saudi Arabia Railways (SAR) signed an agreement with the Cooperative for Logistics Services to build and operate a passenger station in Al Zulfi, Saudi Press Agency (SPA) reported. The deal adds a new passenger stop in Al Zulfi, making it the seventh station Al-Majmaah, Qassim on the North...

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Business & Money | Tuesday 19 August, 2025 11:47 am

Jabal Omar refinances SAR 2B facilities with Al Rajhi Bank

Jabal Omar Development Co. (JODC) signed on Aug. 18 a Murabaha financing agreement worth SAR 2 billion with Al Rajhi Bank to refinance existing facilities at improved terms, according to a statement to Tadawul. The financing facility has a tenor of five years, extendable for an additional...

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