Business & Money | Tuesday 25 February, 2025 11:43 am

PALMA DEVELOPMENT LAUNCHES AED 5 BILLION SERENIA DISTRICT AT JUMEIRAH ISLANDS, SETTING A NEW BENCHMARK FOR URBAN LIVING

 Palma Development, one of the most prestigious developers in the UAE real estate industry, has announced the launch of Serenia District, an AED 5 billion upscale residential community in the heart of Jumeirah Islands. Spanning 600,000 sq. ft. with a built-up area of 3.5 million sq. ft., the...

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Business & Money | Tuesday 25 February, 2025 11:39 am

Azizi Developments’ Founder and Chairman Mr. Mirwais Azizi donates AED 3 billion to the Fathers’ Endowment Campaign

Mr. Mirwais Azizi, Founder and Chairman of Azizi Developments, a leading private developer in the UAE, has donated AED 3 billion, the largest charitable contribution ever made by a private entity in the United Arab Emirates, to the Fathers’ Endowment campaign, an initiative launched by His...

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Business & Money | Tuesday 25 February, 2025 11:35 am

UAE President, Italian Prime Minister attend UAE-Italy Business Forum

President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Her Excellency Giorgia Meloni, Prime Minister of the Italian Republic, today attended the UAE-Italy Business Forum as part of His Highness' state visit to Italy. The forum’s sessions highlighted diverse areas such as energy...

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Business & Money | Tuesday 25 February, 2025 11:32 am

ADX unveils 'ADX Group' to further advance Abu Dhabi’s investment landscape

The Abu Dhabi Securities Exchange (ADX) launched “the New ADX Group” market infrastructure and two new subsidiaries, Abu Dhabi Clear (AD Clear) LLC and Abu Dhabi Central Securities Depository (AD CSD) LLC. This milestone aligns with Abu Dhabi’s long-term economic vision and augments ADX’s...

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Business & Money | Tuesday 25 February, 2025 11:31 am

UAE, Italy sign three investment memoranda to facilitate cooperation in pharmaceuticals, minerals, data centres, AI

The Ministry of Investment has signed three Memoranda of Understanding (MoUs) with the Republic of Italy to support mutual investments and strengthen cooperation in pharmaceuticals, minerals, as well as data centres and artificial intelligence (AI). Respectively, these agreements establish a...

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Business & Money | Tuesday 25 February, 2025 11:26 am

Shalfa signs SAR 162 contract with Presidency of State Security

Shalfa Facilities Management Co. signed on Feb. 24 a 60-month contract with the Presidency of State Security worth SAR 162 million, the company said in a statement to Tadawul. The contract entails providing operation, maintenance and cleaning works for the administrative buildings...

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Business & Money | Tuesday 25 February, 2025 11:21 am

Al Ashghal Al Moysra awarded 2 project worth SAR 11.1M

Al Ashghal Al Moysra Co. won on Feb. 24 a SAR 6.6 million project from the National Center for the Prevention and Control of Plant Pests and Animal Diseases (Weqaa Center). According to a statement to Tadawul, the company pointed out that the contract is expected to be signed on March...

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Business & Money | Tuesday 25 February, 2025 11:19 am

Jarir opens new SAR 41M showroom in Jubail

Jarir Marketing Co. opened today, Feb. 24, a new showroom in Al-Fanateer neighborhood in Jubail Industrial City, replacing its previous showroom in Al-Huwailet in Jubail. In a statement to Tadawul, the company said the showroom investment totaled SAR 41 million, noting that its financial...

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Business & Money | Tuesday 25 February, 2025 11:16 am

Equipment House subsidiary receives favorable ruling, NUPCO ordered to pay SAR 61.2M

Scientific and Medical Equipment House Co. (Equipment House) stated that Riyadh Commercial Court affirmed the initial ruling issued in the lawsuit filed by its wholly-owned subsidiary, Protecta Visions Co. against National Unified Procurement Co. (NUPCO). In a filing to Tadawul, the court...

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Business & Money | Tuesday 25 February, 2025 10:07 am

Takwene Becomes MENA’s First Record Label to Feature a Dolby Atmos Music Studio

This collaboration sets a new benchmark among music labels in the region for immersive audio production.Dubai, UAE - In a bold move set to redefine the landscape of audio production in the MENA region, Takwene—a leading digital content distributor, independent record label, music publisher, and...

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