Tourism & Hospitality | Thursday 14 August, 2025 12:37 pm

DXB set to welcome over 3.6 million guests during back-to-school peak

Dubai International (DXB) is gearing up for a busy end to the summer holidays, with families returning from vacation and students travelling back to Dubai ahead of the new academic year. Between 13 and 25 August 2025, DXB is expected to welcome more than 3.6 million guests, with daily averages ...

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Business & Money | Thursday 14 August, 2025 12:36 pm

EWEC issues Request for Proposals for developing Al Nouf Independent Power Producer

Emirates Water and Electricity Company (EWEC) has issued a Request for Proposals (RFP) for the development of the Al Nouf Independent Power Producer (IPP) project, the largest single-site carbon-capture-ready Combined Cycle Gas Turbine (CCGT) plant in the UAE. Al Nouf will be located within...

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Business & Money | Thursday 14 August, 2025 11:41 am

Al-Rumayyan says PIF currently accelerating pace of investments

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), said that the fund launched a new and promising phase of superior performance and qualitative innovation during the past year, marked by the systematic integration of artificial intelligence applications, smart automation solutions,...

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Business & Money | Thursday 14 August, 2025 11:37 am

SADAFCO sells Riyadh plot for SAR 110.3M

Saudia Dairy and Foodstuff Co. (SADAFCO) said it completed the sale of a 6,130-square-meter plot in Al-Murooj district, north Riyadh, for SAR 110.25 million, excluding real estate transaction tax. The buyers are Ibrahim Saedan and Haya Al Ajlan, with no special conditions or preferential...

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Business & Money | Thursday 14 August, 2025 11:07 am

Saudi Printing signs SAR 75M financing deal with SRMG

Saudi Printing and Packaging Co. (SPPC) signed on Aug. 13 a financing agreement with one of its major shareholders, Saudi Research and Media Group (SRMG) for SAR 75 million, according to a statement to Tadawul. The facility, which will mature on Dec. 31, 2028, will be used to finance the...

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Business & Money | Thursday 14 August, 2025 11:00 am

PIF AUM climbs 19% to SAR 3.42T by end-2024

Saudi Arabia’s Public Investment Fund (PIF) reported total assets under management (AUM) of SAR 3.42 trillion for 2024, including SAR 30 billion receivables from other parties, according to its 2024 annual report released today, Aug. 13. AUM rose 19% from SAR 2.87 trillion in 2023, the...

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Business & Money | Thursday 14 August, 2025 9:51 am

UAE, Philippines strengthen bilateral trade, investment ties

Dr. Thain bin Ahmed Al Zeyoudi, Minister of Foreign Trade, held a meeting with the Philippines Business Council in the UAE to explore expanding private sector relations between the two nations. This meeting follows the agreement of a bilateral Comprehensive Economic Partnership Agreement (CEPA)...

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Business & Money | Thursday 14 August, 2025 9:49 am

TAQA reports AED3.7 billion net income for H1 2025

Abu Dhabi National Energy Company PJSC (TAQA) today announced its financial results for the first half of 2025. The group delivered a 4.5 percent year-on-year increase in revenue for H1 2025, reaching AED28.4 billion. This growth was led by higher pass-through costs in the Transmission &...

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Business & Money | Thursday 14 August, 2025 9:46 am

New idle land regulations come into effect

Saudi Arabia’s Ministry of Municipal and Rural Affairs and Housing approved and enacted the executive regulations for white land fees, setting the levy at up to 10% of the land’s value, in line with urban development priorities. The rules apply to all vacant land within approved urban...

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Business & Money | Wednesday 13 August, 2025 4:09 pm

Schneider Electric Accelerates eMobility in Saudi Arabia with New Solutions, Strategic Partnerships, and Local Empowerment

Schneider Electric, the global leader in the digital transformation of energy management and automation, announced a series of impactful initiatives to expand its electric mobility (eMobility) footprint in Saudi Arabia, including product launches, partnerships, and Saudi workforce training...

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