Business & Money | Wednesday 3 September, 2025 12:43 pm

ADNOC, RIQ forge $500m AI-powered reinsurance collaboration to anchor Abu Dhabi’s global risk hub

RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer and a subsidiary of International Holding Company (IHC), has entered into a strategic collaboration agreement with ADNOC, to develop a preferred reinsurance partnership targeting an allocation of over...

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Business & Money | Wednesday 3 September, 2025 12:38 pm

du announces strategic partners and sponsors for Envision 2025 to accelerate UAE’s AI-driven future

 du, the leading telecom and digital services provider, today announced its prestigious line-up of sponsors and partners for the third edition of Envision, taking place on Tuesday, 9th September 2025 at Atlantis The Royal. Guided by the theme ‘AI progress begins when leaders and technology...

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Business & Money | Wednesday 3 September, 2025 12:37 pm

ROSHN Group Announces Limited Release in Jeddah’s ALAROUS Community Near MARAFY Water Canal​

 ROSHN Group, Saudi Arabia's leading multi-asset class developer and a Public Investment Fund (PIF) company, has announced a new offering of homes for sale within ALAROUS community in northern Jeddah. The new homes are located near the upcoming 11.4-kilometer MARAFY man-made canal in the...

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Business & Money | Wednesday 3 September, 2025 12:11 pm

Social Development Bank Honored for Empowering Entrepreneurs at “One Thousand Miles” Program Closing Ceremony

His Excellency the Minister of Industry and Mineral Resources, Chairman of the National Industrial Development and Logistics Program Committee "NIDLP", Bandar Alkhorayef, honored the Social Development Bank (SDB) to recognize its distinguished efforts in supporting, empowering and qualifying...

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Business & Money | Wednesday 3 September, 2025 11:50 am

WETEX Opens Broad Investment Horizons for International Companies

Under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, Dubai Electricity and Water Authority (DEWA) will organise...

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Business & Money | Wednesday 3 September, 2025 11:48 am

Nasdaq Dubai welcomes Binghatti Holding’s $500mn Sukuk listing

Nasdaq Dubai, the region's international financial exchange, today welcomed the listing of a USD 500 million Sukuk by Binghatti Holding, a leading Dubai-based property developer. Issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, the Sukuk matures in 2030 and was...

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Business & Money | Wednesday 3 September, 2025 11:16 am

ADES extends contract with QatarEnergy, backlog estimated at SAR 808M

ADES Holding Co. announced the multi-year extension of its jack-up rig "Aquamarine Driller" contract with QatarEnergy. The total cumulative value of the firm period and optional extensions is estimated at SAR 808 million ($215 million). In a statement on Tadawul, ADES announced...

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Business & Money | Wednesday 3 September, 2025 10:14 am

Retail Show 2025 Opens Complimentary Visitor Registrations

Visitor registrations are now open for the highly anticipated Retail Show 2025, taking place on Oct 07- 08, 2025 at the Radisson Hotel Riyadh Airport. Returning bigger than ever, this event will be the epicentre of retail innovation, bringing together the industry’s most influential voices for...

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Business & Money | Wednesday 3 September, 2025 10:12 am

ANB completes $750M AT1 sukuk issuance

Arab National Bank (ANB) completed the issuance of its USD-denominated sustainable additional Tier 1 (AT1) sukuk offering for $750 million. In a statement on Tadawul, the bank said the settlement of the notes is expected to take place on Sept. 9. Issuance...

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Business & Money | Wednesday 3 September, 2025 10:10 am

Housing future relies on financing, private sector: Al-Hogail

Municipal and Rural Affairs and Housing Minister, Majed Al-Hogail said the future of housing and urban development relies on financing and private-sector partnerships. At a meeting organized by the Federation of Saudi Chambers (FSC) with top developers and investors, he noted that real estate...

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