Business & Money | Tuesday 19 August, 2025 10:27 am

Empower signs a contract to design its new District Cooling Plant in Dubai Science Park

 Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, has signed a contract to design a new district cooling plant at Dubai Science Park. The new plant will have a total production capacity of 47,000 Refrigeration Tons (RT) and...

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Business & Money | Tuesday 19 August, 2025 10:24 am

D360 Digital Bank – The Exclusive Banking Partner of Thmanyah, the Official Broadcaster of Saudi Football

D360 Digital Bank, the first Shariah-compliant Saudi digital bank, announced its exclusive banking partnership with Thmanyah for the landmark broadcast rights of the Kingdom’s most prestigious football tournaments. This partnership positions D360 Bank as the exclusive financial partner,...

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Business & Money | Monday 18 August, 2025 12:49 pm

Saudi Wood Expo returns to Riyadh from 1-3 September unlocking opportunities across the Kingdom’s $1 billion wood and woodworking sector

Saudi Arabia’s booming construction sector, backed by over $1.25 trillion in planned or active projects, is fuelling a sharp rise in demand for wood and woodworking solutions across commercial and residential developments (Source: Knight Frank). With mega and giga projects such as Diriyah,...

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Business & Money | Monday 18 August, 2025 12:00 pm

Gross banks’ assets reach AED4,878.3 billion at end of May 2025: CBUAE

The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.4%, from AED1,011.9 billion at the end of April 2025 to AED1,015.6 billion at the end of May 2025. The increase was due to AED3.4 billion growth in monetary deposits, and AED0.3 billion increase in currency ...

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Business & Money | Monday 18 August, 2025 12:00 pm

Nakheel awards AED2.6 billion contract for Bay Villas project in Dubai

Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth AED2.6 billion to Fibrex Contracting for the construction of the Bay Villas project at the Dubai Islands. Featuring 636 luxury units across five distinct property types, Bay Villas represents Nakheel's newest...

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Business & Money | Monday 18 August, 2025 12:00 pm

Masdar allocates over US$1.685 billion of green bond proceeds

Abu Dhabi Future Energy Company PJSC (Masdar), a global clean energy leader, today published its 2024 Green Finance Report, outlining the renewable energy projects financed by Masdar’s green bond issuances and impacts achieved. More than US$1.685 billion in green bond proceeds from 2023 and...

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Business & Money | Monday 18 August, 2025 12:00 pm

Education Interface announces success of inaugural edition of National Youth Finance Pioneers programme

Education Interface has announced the landmark success of the inaugural edition of the National Youth Finance Pioneers (NYFP) programme, developed under its initiatives in partnership with First Abu Dhabi Bank (FAB) and with the support of the Ministry of Education (MoE), and held under the...

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Business & Money | Monday 18 August, 2025 12:00 pm

UAE firm begins construction of 50 MW solar project in Central African Republic

UAE-based Global South Utilities (GSU), a Resources Investment Company, has officially broken ground on a 50-megawatt solar photovoltaic (PV) power plant in Sakaï, Central African Republic (CAR), marking a major step forward in the country’s energy access and clean energy transition. The...

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Business & Money | Monday 18 August, 2025 12:00 pm

Awqaf Dubai’s endowment shares portfolio surpasses AED9 million in H1

The Endowments and Minors’ Trust Foundation in Dubai (Awqaf Dubai) announced that the value of its endowment shares portfolio surpassed AED9 million by the end of the first half of 2025, marking a 4.7 percent increase from the same period last year. According to a report by Awqaf Dubai’s...

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Business & Money | Monday 18 August, 2025 12:00 pm

IFZA launches new Free Zone in Panama

IFZA, one of the world’s most dynamic and fastest-growing Free Zone communities, has announced the launch of IFZA Panama, a landmark step in its global expansion strategy. The new Free Zone in Panama City marks IFZA’s first physical presence in Latin America and reinforces its commitment...

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