Business & Money | Friday 6 June, 2025 1:33 am

Asian firms in talks to list shares on Tadawul: Al-Rumaih

Several Asian companies are currently in talks to list their shares on the Saudi Exchange (Tadawul), CEO Mohammed Al-Rumaih told Reuters. These companies are evaluating opportunities to tap into the Kingdom’s diverse investor base, as Saudi Arabia is considering a new listing framework aimed ...

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Government | Friday 6 June, 2025 1:28 am

1.67M pilgrims perform Hajj in 2025: GASTAT

Saudi Arabia welcomed 1.67 million pilgrims in Hajj season 2025, of whom 1.51 million came from outside the Kingdom. Domestic pilgrims, both citizens and residents, numbered 166,650.  The number of male pilgrims this year reached 877,840, while females hit 795,390.   Number ...

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Business & Money | Friday 6 June, 2025 1:12 am

Derayah Financial: D360 Bank EGM OKs 27% capital hike to SAR 2.1B via SAR 450M rights issue

Derayah Financial Co. stated that the extraordinary general meeting (EGM) of D360 Bank, in which the company holds a 20% stake, approved increasing capital by 27% from SAR 1.65 billion to SAR 2.1 billion.   This is through the issuance of 45 million rights shares, at SAR 10 each,...

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Government | Friday 6 June, 2025 12:09 am

Crown Prince arrives in Mina to check on Hajj facilities

Crown Prince Mohammed bin Salman, on behalf of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, arrived today, June 5, in Mina to ensure that pilgrims are receiving the services that enable them to perform their rituals with ease. The 1446 AH Hajj season commenced on...

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Government | Friday 6 June, 2025 12:08 am

King Salman extends income tax on downstream operations until 2030-end

Saudi Arabia’s King Salman bin Abdulaziz issued a royal decree amending the first two clauses of royal decree No. M/13, as reported in the Official Gazette.   Application of the tax rate stipulated in Article 7/B of the Income Tax Law on companies involved in downstream operations, ...

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Business & Money | Wednesday 4 June, 2025 1:01 pm

Armenia Stock Exchange joins 'Tabadul' platform

Abu Dhabi Securities Exchange (ADX) announced that the Armenia Stock Exchange (AMX) has officially gone live on the Tabadul platform, becoming the sixth market to join the region’s first-of-its-kind mutual market access platform. Tabadul was launched by ADX in July 2022 as the region's first ...

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Business & Money | Wednesday 4 June, 2025 12:59 pm

UAE maintains IAEA’s Broader conclusion for 3rd consecutive year; showcases commitment to peaceful nuclear energy

For the third consecutive year, the United Arab Emirates has received the International Atomic Energy Agency's (IAEA) "Broader Conclusion" in the IAEA's 2024 Safeguards Implementation Report, the highest level of assurance granted by the Agency. This recognition affirms that all declared...

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Business & Money | Wednesday 4 June, 2025 12:57 pm

Etihad celebrates first flights to Prague, Warsaw

Etihad Airways is celebrating the launch of flights to two new destinations in Central Europe – Prague and Warsaw. On Monday 2nd June, the UAE’s national airline operated its inaugural flight to the enchanting Czech capital Prague, one of 16 new destinations the airline will add this year. ...

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Business & Money | Wednesday 4 June, 2025 12:56 pm

EDGE signs record-breaking AED9 billion naval contract with Kuwait Ministry of Defence

EDGE, one of the world’s leading advanced technology and defence groups, has announced the signing of a major AED9 billion (US$2.45 billion) defence contract with the Kuwait Ministry of Defence for the supply of FALAJ3 62-metre missile boats. This contract marks the largest naval...

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Business & Money | Wednesday 4 June, 2025 12:52 pm

Kuwait Real Estate, IFA sign AED198 million agreement to develop Al Tay Hills Project

Kuwait Real Estate Company, in collaboration with its subsidiary IFA Hotels and Resorts, has signed a contract with Darwish Engineering, one of the UAE’s leading construction firms, to execute infrastructure works for the Al Tay Hills residential project in Sharjah, with a total value of AED198...

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