Business & Money | Sunday 1 June, 2025 10:59 am

du and Transguard Group join forces to drive digital transformation

 du, the leading telecom and digital services provider, today signed a Memorandum of Understanding (MoU) with Transguard Group, the region’s leading business support and outsourcing provider. The partners aim to collaborate across various domains, fostering innovation, efficiency, and...

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Business & Money | Sunday 1 June, 2025 10:55 am

Ministry of Industry and Advanced Technology Partners with Sinaha to Empower Industrial Sector and Boost Competitiveness of Local Products Under the Umbrella of Make it in the Emirates

The Ministry of Industry and Advanced Technology (MoIAT) and Sinaha — an e-commerce platform dedicated to supporting Emirati-made goods — have signed a partnership aimed at enhancing the competitiveness of national products. Through the partnership, Sinaha will design a national digital...

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Business & Money | Sunday 1 June, 2025 9:29 am

Soudah Development Completes First Phase of Emergency Repairs at “Sheikh’s Fortress” Heritage Site in Rijal Almaa

Soudah Development, a Public Investment Fund company, has announced the completion of the first phase of emergency repairs at the historic “Sheikh’s Fortress” site in Rijal Almaa. It is one of the heritage sites located in Jareen, one of the six development zones within the Soudah Peaks...

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| Saturday 31 May, 2025 8:36 am

Saudi Arabia awards exploration license for Jabal Sayid 3 site

The Ministry of Industry and Mineral Resources awarded an exploration license for Jabal Sayid 3 to a consortium of Polyus Mining Co. and TransOceanic Mineral Co.   The site is part of Saudi Arabia’s first mineralized belts.   In a post on X, the ministry said the...

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Government | Saturday 31 May, 2025 8:29 am

Saudi Arabia to maintain current pace of govt spending: Al-Jadaan

Saudi Arabia intends to maintain its current pace of government spending despite widening budget and current account deficits, as well as rising public debt, Finance Minister Mohammed Al-Jadaan has said.   Al-Jadaan added that he is not concerned about the fiscal deficit reaching up...

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Environment & Energy | Saturday 31 May, 2025 8:23 am

Saudi Aramco to maintain borrowing for growth; debt remains lowest among peers: CEO

Saudi Arabian Oil Co. (Saudi Aramco) is targeting more borrowing to finance growth and better leverage its balance sheet, CEO Amin Nasser said, adding that the oil giant will continue to tap bond markets moving forward.   In an interview with Bloomberg TV, the top executive indicated ...

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Business & Money | Saturday 31 May, 2025 8:18 am

Upgrade of 30% of Saudi plants to generate SAR 250B returns: Official

Khalil Salamah, Vice Minister of Industry Affairs, said the upgrade of 30% of Saudi Arabia’s factories will generate an economic return of up to SAR 250 billion, Al-Eqtisadiah newspaper reported.   He added that the upgrade requires significant financial investments, noting that...

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Government | Saturday 31 May, 2025 8:14 am

Digital economy accounts for 15.6% of Saudi GDP in 2023: GASTAT

The digital economy accounted for 15.6% of Saudi Arabia's GDP in 2023, marking a 1.6% increase compared to 2022, according to the Digital Economy Statistics Bulletin 2023 issued recently by the General Authority for Statistics (GASTAT). As for the structure of the digital economy, the core...

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Business & Money | Saturday 31 May, 2025 5:23 am

Hong Kong aims to deepen partnership with Saudi Arabia: Minister

Hong Kong finance chief Paul Chan said the city seeks to strengthen its partnerships with the Middle East, especially Saudi Arabia. During his participation in the Capital Markets Forum, attended by Argaam, Chan referred to growing cooperation with Riyadh, Abu Dhabi, and Dubai in the fields of ...

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Business & Money | Thursday 29 May, 2025 12:55 pm

Al Fanar Gas Group, Siemens Energy sign strategic MoU to collaborate on clean energy, decarbonisation

Al Fanar Gas Group, the energy arm of EHC Investment, has signed a strategic Memorandum of Understanding (MoU) with Siemens Energy, to jointly advance decarbonisation and clean energy innovation across the UAE. The agreement, signed on the sidelines of the World Utilities Congress 2025 in Abu...

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