Business & Money | Tuesday 27 May, 2025 11:11 am

Aseer Governor: Over SAR 5B in investments launched since strategy approval

Since the approval of the Aseer Strategy, investments exceeding SAR 5 billion have been realized and are now being implemented, in addition to SAR 4 billion in investments whose details will be announced at the Asir Investment Forum, Asir Governor Turki bin Talal Al Saud stated. In his opening ...

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Business & Money | Tuesday 27 May, 2025 11:07 am

e& empowers 284 Emirati tech leaders through 'AI Graduate Programme'

e& has celebrated the next generation of Emirati tech leaders as its flagship "AI Graduate Programme" marked a new milestone. Since its launch in 2021, the e& AI Graduate Programme has hired 284 Emirati graduates, underscoring the Group’s commitment to nurturing local talent and building...

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Business & Money | Tuesday 27 May, 2025 11:05 am

Zayed Housing Programme approves 14,000 housing decisions over three years, considering issuing decisions in one day

The Sheikh Zayed Housing Programme, part of the Ministry of Energy and Infrastructure, has approved 14,000 housing decisions over the past three years. These decisions were distributed among government housing units and housing financing solutions in cooperation with national banks. They included...

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Business & Money | Tuesday 27 May, 2025 10:57 am

MT Group launches phase 2 of supply chain expansion in Abu Dhabi

MT Group today announced the launch of phase 2 of its supply chain expansion in Abu Dhabi, marking a significant milestone in the Emirate’s advanced manufacturing objectives. The launch includes the establishment of a large-scale valve manufacturing facility and a forging unit, both under MT ...

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Business & Money | Tuesday 27 May, 2025 10:52 am

Aldar announces launch day sell-out of all 133 homes at Waldorf Astoria Residences

Aldar has announced the launch day sell-out of all 133 homes at Waldorf Astoria Residences Yas, the first ever branded residential development on Yas Island generating AED 850 million in sales. The development attracted a broad range of buyers with its world-class amenities, legendary Waldorf...

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Business & Money | Tuesday 27 May, 2025 10:46 am

World Utilities Congress opens in Abu Dhabi

The World Utilities Congress 2025 opened today at ADNEC Centre Abu Dhabi under the patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council. Themed “Innovating for a New Age of Utilities”, the three-day event ...

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Business & Money | Tuesday 27 May, 2025 10:36 am

ADNOC Drilling secures $1.15 billion, 15-year contract for two jack-up rigs

ADNOC Drilling Company announced today the award of a $1.15 billion, 15-year contract for two jack-up rigs by ADNOC Offshore in support of its growing offshore operations. The contract will follow existing agreements, bringing accretive rates that generate long-term revenue and attractive...

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Business & Money | Tuesday 27 May, 2025 10:33 am

Mulkia Investment signs acquisition agreement for Tuwaiq Residential Complex on behalf of its real estate fund

Mulkia Investment Company has signed an agreement to acquire the Tuwaiq Residential Complex, located in the Tuwaiq district in western Riyadh, with a land area of 710,877 square meters and built-up areas exceeding million square meters. The acquisition is being made on behalf of the Mulkia Tuwaiq...

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Business & Money | Tuesday 27 May, 2025 10:30 am

Saudi, Kuwait unveil new oil discovery in Neutral Zone

Saudi Arabia and Kuwait announced today, May 26, a new oil discovery in the jointly operated Wafra field. The oil find is located in the North Wafra Warrah-Burgan reservoir, about five kilometers north of the main Wafra site. Saudi Arabia’s Ministry of Energy said crude flowed from the...

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Business & Money | Tuesday 27 May, 2025 10:30 am

The Myriad Redefines Student Living for a Mobile, Urban Generation

As co-living becomes essential to young urban life, The Myriad offers an institutional model that merges flexibility with community. Dubai, UAE – As co-living gains momentum among Millennial and Gen Z residents, The Myriad is emerging as a standout model in the Gulf for student accommodation ...

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