Business & Money | Thursday 24 July, 2025 11:34 am

Arada awards AED678 million contract to build Armani Beach Residences

Arada has awarded the main construction contract for the ultra-luxury Armani Beach Residences at Palm Jumeirah to a subsidiary of global construction giant China Railway Group Ltd (CREC). Valued at AED678 million, the contract will result in the development of the landmark project by the end...

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Business & Money | Thursday 24 July, 2025 11:26 am

SIB signs agreement with Alawneh Exchange to strengthen financial connectivity between UAE, Jordan

Sharjah Islamic Bank (SIB) has announced the signing of a strategic cooperation agreement with Alawneh Exchange, one of the largest exchange companies in the Hashemite Kingdom of Jordan. This milestone agreement marks a significant step in enhancing regional partnerships and advancing...

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Business & Money | Thursday 24 July, 2025 11:24 am

Sharjah real estate transactions surge 48.1% to AED27 billion in H1 2025

Sharjah’s real estate sector recorded AED27 billion in transactions during the first half of 2025, a 48.1 percent increase from AED18.2 billion in the same period last year. Additionally, the number of transactions carried out by the Sharjah Real Estate Registration Department reached...

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Business & Money | Thursday 24 July, 2025 9:03 am

Al Rajhi REIT inks new lease agreement with 55% rise in rental income

Al Rajhi REIT Fund announced the early termination of the lease contract with Alfaris International Schools ahead of the original June 30, 2026 expiry date, the fund manager Al Rajhi Capital stated, adding that a new lease agreement was signed with Al Rowad International Schools Co. The...

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Business & Money | Thursday 24 July, 2025 9:00 am

National Building raises subsidiary’s capital to SAR 300M

National Building and Marketing Co. (NBM) increased the capital of its subsidiary, Ajeej Steel Manufacturing Co. (a closed joint stock company), from SAR 180 million to SAR 300 million. In a statement to Tadawul, NBM said the subsidiary’s share capital will be raised from 180 million to 300...

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Business & Money | Wednesday 23 July, 2025 3:50 pm

DP World mobilises $1 billion to boost trade flow

DP World Trade Finance has mobilised over US$1 billion in working capital for businesses across emerging markets, helping close the global trade finance gap and keep goods moving through some of the world’s most challenging economic environments. This milestone was achieved through a...

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Business & Money | Wednesday 23 July, 2025 3:41 pm

Ecuadorian President receives UAE Accountability Authority President

President Daniel Noboa of the Republic of Ecuador received Humaid Obaid Abushibs, President of the UAE Accountability Authority, as part of an official visit by a UAE delegation aimed at strengthening cooperation and exchanging expertise in the fields of oversight, integrity, and...

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Business & Money | Wednesday 23 July, 2025 3:34 pm

Transport Minister launches trial phase of autonomous vehicles

Minister of Transport and Logistics Services and Chairman of the Transport General Authority (TGA) Saleh Al-Jasser launched today the initial pilot phase of autonomous vehicles in Riyadh.The autonomous vehicles will operate in this phase within a real-world environment, covering King Khalid...

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Business & Money | Wednesday 23 July, 2025 3:31 pm

SGH achieves remarkable milestone: Five hospitals granted 5-star rating by Newsweek’s Global Hospital Rating

Saudi German Health (SGH), a leading healthcare group in the Middle East and North Africa (MENA) region, has reinforced its industry leadership with five of its hospitals in Saudi Arabia earning five-star ratings in Newsweek’s Global Hospital Rating. The hospitals in Riyadh, Makkah, Madinah,...

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Business & Money | Wednesday 23 July, 2025 2:35 pm

NWC completes 2 water line and network projects in Al Bayan District, Riyadh at SR 101+ million

The National Water Company (NWC) announced the completion of two water pipeline and network projects in the Al Bayan district in eastern Riyadh at a cost of over 101 million Saudi riyals. The two projects will supply drinking water to more than 64,000 inhabitants of the district and include the...

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