Business & Money | Wednesday 30 July, 2025 12:00 pm

ADNOC Drilling posts $2.37 billion in revenues for H1

ADNOC Drilling Company announced today its financial results for the second quarter and first half of 2025, delivering record-breaking performance across revenue, EBITDA and net profit while maintaining strong momentum in shareholder returns and delivering regional expansion. The company...

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Business & Money | Wednesday 30 July, 2025 12:00 pm

GCAA grants approval for first national trial of autonomous baggage handling vehicles at DWC

The UAE General Civil Aviation Authority (GCAA), in close coordination with Dubai Airports and dnata, has issued the country’s first regulatory approval for the trial of autonomous baggage handling vehicles at Dubai World Central - Al Maktoum International (DWC). The approval marks a...

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Business & Money | Wednesday 30 July, 2025 12:00 pm

Noatum Maritime expands global footprint with inauguration of Shanghai office

Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, announced the official opening of its first office in Shanghai dedicated to its agency and maritime services arm – Noatum Maritime Services. The new office contributes to the Group’s international expansion...

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Business & Money | Wednesday 30 July, 2025 12:00 pm

NMDC Energy commences ops at Saudi-based manufacturing center

ADX-listed NMDC Energy, which specializes in engineering, procurement, and construction (EPC) solutions in the energy sector, kicked off operations at its manufacturing center in the Ras Al-Khair Special Economic Zone (SEZ) in Saudi Arabia. The 400,000-square-meter (sqm) center is designed to...

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Business & Money | Wednesday 30 July, 2025 12:00 pm

Sure inks SAR 13.3M contract with NDF

Sure Global Tech Co. signed a contract with the National Development Fund (NDF) to develop and enhance digital portals and platforms, at SAR 13.3 million (including VAT), according to a statement to Tadawul. The project entails providing technical services to develop and enhance the internal...

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Business & Money | Wednesday 30 July, 2025 12:00 pm

SRC, Bank Albilad sign mortgage portfolio deal

Saudi Real Estate Refinance Company (SRC) signed a mortgage portfolio purchase agreement with Bank Albilad to strengthen sustainability in the Kingdom’s housing finance sector and offer accessible home financing solutions to residents. The agreement deepens the existing partnership between...

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Business & Money | Tuesday 29 July, 2025 12:00 pm

Emerge, Misk City sign landmark solar agreement to power vision for green urban future

Emerge, the energy solutions joint venture between Masdar and EDF power solutions, has signed a long-term solar energy agreement with Misk City to deliver sustainable electricity over the next 20 years, marking a milestone in the City’s journey to becoming a model of environmental innovation and...

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Business & Money | Tuesday 29 July, 2025 12:00 pm

Eastern Province unveils Global Village Project with up to SAR 650M investments

The Eastern Province Municipality announced the “Global Village Project", a major investment initiative in collaboration with a Thai investor, Saudi Press Agency (SPA) reported. Spokesman Faisal Al-Zahrani said the project combines entertainment, tourism, culture, and commerce in a modern...

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Business & Money | Tuesday 29 July, 2025 12:00 pm

Industry Ministry issues 83 new licenses in June

The Ministry of Industry and Mineral Resources issued 83 new industrial licenses in June, while 58 new factories began production during the same month, according to the National Industrial and Mining Information Center (NIIC). The ministry said in a statement today, July 28 that investments...

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Business & Money | Tuesday 29 July, 2025 12:00 pm

Arabian Drilling signs SAR 75M contract for offshore drilling operations

Arabian Drilling Co. (ADC) signed today, July 29, an international contract for offshore drilling operations with a GCC-based company at a total value of SAR 75 million. The contract will last for a period of five to seven months, ADC said in a statement to Tadawul. Operations are...

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