Business & Money | Monday 24 February, 2025 12:14 pm

Ahmed bin Saeed: DIEZ achieves exceptional growth in 2024 financial results, strengthening its contribution to national economy

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority (DIEZ), today announced that DIEZ has achieved significant financial and operational growth in 2024, further strengthening its role in Dubai's economy and aligning with the goals of the Dubai Economic...

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Business & Money | Monday 24 February, 2025 12:05 pm

Sharjah records 1,246 sales transactions covering 10.4 million square feet

The Sharjah real estate achieved a solid and exceptional performance in the first month of 2025, as the volume of real estate transactions reached AED7 billion during January, while the total number of transactions reached 11,116, and the total area traded in sales transactions reached 10.4 million ...

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Business & Money | Monday 24 February, 2025 12:02 pm

Sharjah Islamic Bank approves AED458.7 million cash dividend for 2024

Sharjah Islamic Bank (SIB) shareholders have approved a 15 percent cash dividend distribution of the company’s capital for the fiscal year 2024, amounting to AED458.7 million. The decision was announced during the Annual General Assembly Meeting (AGM), held on Sunday morning, presided over...

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Business & Money | Monday 24 February, 2025 11:52 am

Noatum Maritime, Turkish Erkport launch 'United Global Ro-Ro' joint venture

Noatum Maritime, part of AD Ports Group, has established a new Joint Venture (JV) with Erkport, a Turkish-based company with a proven track record in the Roll-on/Roll-off (Ro-Ro) shipping industry, launching a Ro-Ro liner business with integrated networks. Under the terms of the agreement,...

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Business & Money | Monday 24 February, 2025 11:50 am

Investopia 2025 to develop innovative insights into future investment, finance opportunities in global economic landscape

Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the UAE capital, Abu Dhabi, will host the fourth edition of ‘Investopia’ under the slogan ‘Harnessing MegaForces,’ on 26 and 27 February. The ...

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Business & Money | Monday 24 February, 2025 10:57 am

Sumou announces project award with Municipality of Makkah

Sumou Real Estate Co. announced the award of the project to complete the development and implementation of infrastructure for the Shariah grant scheme No. 17 in collaboration with the Municipality of Makkah. In a statement to Tadawul, the company pointed out that it will receive 7.04% of the...

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Business & Money | Monday 24 February, 2025 10:54 am

Balady inks SAR 27.4M contract to supply solid waste treatment lines

Balady Poultry Trading Co. signed a supply, installation, supervision and operation contract with Denmark’s Haarslev Co. to provide solid waste treatment lines from the poultry slaughterhouse, for a total value of EUR 6.99 million (SAR 27.4 million). In a statement to Tadawul, the company...

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Business & Money | Monday 24 February, 2025 10:52 am

SRC’s second sukuk issue to be offered in 3 months: Al-Hogail

Majid Al-Hogail, Minister of Municipalities and Housing and Chairman of Saudi Real Estate Refinance Co. (SRC), said as much as $5 billion is planned to be issued under the company’s sukuk program, with $2 billion worth of sukuk offered so far. Speaking to Al Arabiya TV, Al-Hogail explained...

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Business & Money | Monday 24 February, 2025 10:50 am

Bawan to build high-voltage transformers factory, first phase to cost SAR 80M

Bawan Co.’s board of directors approved, on Feb. 21, a project by United Transformers Electric Co. (Utec Saudi), a subsidiary, to set up a factory for manufacturing high-voltage transformers. The first phase of the factory is estimated to cost SAR 80 million, the company said in a...

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Business & Money | Monday 24 February, 2025 10:46 am

MIS sells entire investment in OpenAI, achieving SAR 12.8M capital gains

Al Moammar Information Systems Co. (MIS) announced the sale of its entire investment in OpenAI, valued at $8.4 million (SAR 31.5 million). The cost price of the investment was $5 million (SAR 18.9 million). According to a statement to Tadawul, the company pointed out that this transaction...

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