06 Rabi' I 1447 - 29 August 2025
    
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Eye of Dubai

ACWA Power signs agreement to develop green hydrogen project in Egypt worth more than $4 billion
Environment & Energy | Thursday 21 December, 2023 1:05 pm
Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed the framework agreement, following the MoU that was signed in 7th of December 2022 to outline the development of the first phase of the...
Battling the Shadows: Dubai Customs' Vigilance Unveils Unprecedented Drug Smuggling Tactics in 2022-2023
Government | Thursday 21 December, 2023 11:52 am
The effective investment by Dubai Customs in training and refining the skills of inspectors, along with equipping customs centers with cutting-edge inspection devices, has resulted in the discovery of unprecedented methods for detecting smuggling activities. In the years 2022-2023, Dubai Customs...
NWC holds a workshop to discuss ways to develop the quality and sustainability of project materials
Business & Money | Thursday 21 December, 2023 11:21 am
The National Water Company (NWC), represented by the (Projects and Technical Services and Shared Services) sectors, held a workshop on Sunday, December 17, at its headquarters in Riyadh to discuss ways to increase the local content of the industrial products used in drinking water and wastewater...
ADIB, Aldar Properties close AED 1 billion sustainability linked financing deal
Business & Money | Thursday 21 December, 2023 9:51 am
Abu Dhabi Islamic Bank (ADIB) has arranged an AED 1 billion sustainable bilateral facility for Aldar Properties PJSC (Aldar). The financing takes Aldar’s total ESG financing facilities to AED 4.8 billion as the company transitions towards sustainable financing for its projects and...
Data residency in Saudi: MarTech leader WebEngage bets big on the Kingdom’s thriving business ecosystem
Business & Money | Thursday 21 December, 2023 9:46 am
WebEngage, the leading marketing automation platform specializing in customer retention, today announced its ambitious roadmap for KSA. The marketing technology (MarTech) company will create data residency in December, subsequently storing clients’ data within the country, in a move reflective of ...
Avenues Al Khobar’s cornerstone laid for SAR 7.2B project, anticipated opening in 2027
Business & Money | Thursday 21 December, 2023 9:44 am
Prince Saud Bin Nayef Bin Abdulaziz, Governor of the Eastern Province, presided on Dec. 20 over the cornerstone ceremony for the Avenues-Al Khobar project.   With a value exceeding SAR 7.2 billion, the project will be implemented by Shomoul Holding and is anticipated to be...
PureHealth Holding's share price soars 76% on first day of trading on ADX
Business & Money | Thursday 21 December, 2023 9:42 am
PureHealth Holding's share price soared by more than 76% on its first day of trading on the Abu Dhabi Securities Exchange (ADX) today, closing at AED5.74 The share's opening price was AED3.26, before hitting a high of AED6.00 during the trading session. The company's market capitalisation also ...
Central Bank reports 10% growth in cash deposits to AED687.2 billion by end of October
Business & Money | Thursday 21 December, 2023 9:39 am
The Central Bank of the UAE (CBUAE) released data showing cash deposits surged to AED 687.2 billion this October, marking a substantial annual increase of 10.2 percent, or AED 63.7 billion, compared to AED 623.5 billion in October 2022. Breaking it down further, the Central Bank's cash...
Ministry of Culture honours the winners of 17th edition of Al Burda Award
Culture & Education | Thursday 21 December, 2023 9:23 am
In the presence of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, His Excellency Sheikh Salem bin Khalid Al Qassimi, Minister of Culture, on Tuesday, honoured 24 winners of the 17th edition of Al Burda Award. The award ceremony, held at Louvre Abu Dhabi, celebrated...
Al Akaria’s subsidiary wins SAR 722.1M contract from DGDA
Business & Money | Thursday 21 December, 2023 8:51 am
Saudi Real Estate Co.’s (Al Akaria) subsidiary, Saudi Real Estate Infrastructure Co. (Binyah), secured a contract worth SAR 722.1 million, including VAT, from the Diriyah Gate Development Authority (DGDA). The contract entails the execution of excavation works and related activities for...
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UCIC renews SAR 140M banking facilities with SAB
UCIC renews SAR 140M banking facilities with SAB
Wednesday 27 August, 2025 11:06