Business & Money | Tuesday 25 November, 2025 8:00 am

SWA achieves SAR 3.3B financial savings in 2024

The Saudi Water Authority (SWA) reported in 2024 its highest annual financial savings since launching its initiative to reduce desalinated water production costs. By year-end, savings reached SAR 3.3 billion, bringing the cumulative five-year savings to more than SAR 10.9 billion, the...

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Business & Money | Tuesday 25 November, 2025 8:00 am

SAIB sells 44.4%-owned Riyadh land, records SAR 801.1M net proceeds

The Saudi Investment Bank (SAIB) finalized the sale of a 44.4%-owned land plot, located on Khurais Road in Riyadh. The bank’s share of net proceeds, after deducting auction-related costs and expenses, stood at SAR 801.1 million, according to a Tadawul filing. SAIB explained that...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Abyat launches new logistics center in Dammam at over SAR 100M

The Minister of Transport and Logistics Services, and Chairman of the Saudi Ports Authority (MAWANI), Saleh Al-Jasser, inaugurated Abyat’s new regional logistics center at King Abdulaziz Port in Dammam, which spans over an area of more than 110,000 square meters, with an investment value...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Aramco mulls stake sale in oil terminals, real estate assets: Report

Saudi Aramco is considering the sale of a stake in its lucrative oil export and storage terminals as part of broader plans to divest several assets, Bloomberg reported, citing informed sources. Banks have been asked to pitch for roles on feasibility studies for potential disposals that...

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Business & Money | Tuesday 25 November, 2025 8:00 am

MoF concludes field visits programme under ‘Leaders of Finance’ initiative

The Ministry of Finance (MoF) concluded its Field Visits to Financial Institutions programme, held under the Leaders of Finance initiative in partnership with local finance departments, international financial institutions, and the Federal Youth Authority, to empower Emirati youth and prepare...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Aldar advances phased delivery of Grade A logistics park at National Industries Park in Dubai

Aldar announced today a progress update on the construction of Aldar Logistics Centres, a next-generation Grade A logistics park located within the heart of National Industries Park (NIP), Dubai’s fast-growing industrial corridor. The project, which is part of a strategic partnership with DP...

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Business & Money | Tuesday 25 November, 2025 8:00 am

DGR, Dutch Consulate explore economic cooperation

To boost joint initiatives and partnerships, Sharjah’s Department of Government Relations (DGR) met with the Consulate-General of the Kingdom of the Netherlands to explore new cooperation and economic opportunities between the emirate and Dutch cities. Sheikh Fahim Al Qasimi, Chairman of...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Global innovation platforms, sustainable Chinese pavilion featured at Big 5 Global in DubaiGlobal innovation platforms, sustainable Chinese pavilion featured at Big 5 Global in Dubai

The 2025 edition of the Big 5 Global, which opened today at the Dubai World Trade Centre, features global innovation platforms and a sustainable Chinese pavilion built entirely from recyclable materials, reflecting the event’s focus on technology, sustainability and talent...

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Business & Money | Tuesday 25 November, 2025 8:00 am

AD Ports Group, Masdar sign partnership agreement to advance offshore wind projects

AD Ports Group (ADX: ADPORTS), a global enabler of integrated trade, transport, industry, and logistics solutions, and Abu Dhabi Future Energy Company PJSC (Masdar), a global clean energy leader, have signed a partnership agreement to collaborate on the development and delivery of offshore wind...

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Business & Money | Tuesday 25 November, 2025 8:00 am

UAE-Latvia Joint Economic Committee discusses ways to deepen bilateral economic partnership

Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, hosted his Latvian counterpart, Viktors Valainis, Minister of Economy, at the third UAE-Latvia Joint Economic Committee (JEC) in the UAE. The event that was attended by government officials, business leaders and private- sector...

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