Business & Money | Sunday 13 July, 2025 9:21 am

Ministry of Finance wins global award for AI innovation in financial sector

The Ministry of Finance has clinched the Innovating for Impact Awards in the category of AI applications in the financial sector at the AI for Good Summit 2025, held at the Geneva International Conference Centre (CICG). The event was organised by the International Telecommunication Union (ITU) ...

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Business & Money | Sunday 13 July, 2025 9:19 am

AD Ports Group signs MoU with Critical Minerals Forum to strengthen global supply chains

AD Ports Group, a leading enabler of global trade, logistics, and industry, today announced the signing of a Memorandum of Understanding with the Critical Minerals Forum (CMF) to establish a strategic partnership aimed at strengthening global critical minerals supply chains. This collaboration ...

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Business & Money | Sunday 13 July, 2025 9:17 am

Dubai Chamber of Commerce, Ministry of Foreign Trade highlight role of CEPAs in boosting service exports

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully organised a workshop in collaboration with the Ministry of Foreign Trade to explore the role of the Comprehensive Economic Partnership Agreements (CEPAs) signed by the UAE in...

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Business & Money | Sunday 13 July, 2025 9:15 am

EGA starts-up final reduction cell in next generation technology pilot project

Homaid Al Shimmari, Chairman of Emirates Global Aluminium (EGA), started-up the final reduction cell in the company’s next generation smelting technology pilot project in Al Taweelah. The pilot is a key step in readying EX smelting technology for large-scale industrialisation, making the...

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Business & Money | Sunday 13 July, 2025 9:10 am

UAE, Germany launch joint business council to strengthen economic ties

Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy to the Federal Republic of Germany, and Katherina Reiche, German Minister of Economic Affairs and Energy, witnessed the official launch of the UAE-Germany Business Council (GUBC) during a high-level...

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Business & Money | Sunday 13 July, 2025 9:05 am

Updated investment law promotes equality, protects investors: Al-Jadaan

The updated Saudi Investment Law enhances equal opportunities, streamlines procedures, and protects investors, Minister of Finance Mohammed Al-Jadaan said. He added that targeted public investments support the growth of high-potential sectors and help mobilize private capital, the Saudi...

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Business & Money | Sunday 13 July, 2025 8:58 am

Saudia tops global airlines for on-time performance in June

Saudia, the national flag carrier of Saudi Arabia, said it maintained its strong operational performance, ranking first globally among airlines for on-time departure and arrival performance, according to June 2025 report by Cirium, a platform specialized in monitoring airline and airport...

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Business & Money | Sunday 13 July, 2025 8:55 am

Almoosa inks SAR 192M contract for construction, foundation works of Al-Hofuf hospital

Almoosa Health Co. signed, on July 10, a SAR 192 million contract with Masah Specialized Construction Co. to carry out preliminary construction works, foundation works, and the construction of the concrete structure for Almoosa Specialist Hospital project in Al-Hofuf. In a statement to...

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Business & Money | Sunday 13 July, 2025 8:53 am

Cenomi Centers hires financial advisor to refinance $875M sukuk

Arabian Centres Co. (Cenomi Centers) appointed Rothschild & Co as financial advisor for the refinancing of $875 million (SAR 3.28 billion) in sukuk maturing on Oct. 7, 2026, with White & Case continuing as legal advisor. In an emailed statement to Argaam, Cenomi Centers said it will...

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Business & Money | Thursday 10 July, 2025 9:55 am

Alinma Bank completes $500M sukuk issue

Alinma Bank completed the issuance of US dollar-denominated sukuk worth $500 million, under its Trust Certificate Issuance Program. The sukuk issue is expected to be settled on July 15, the bank said in a statement on Tadawul.  Sukuk Issuance DetailsOffering TypeUS...

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