Business & Money | Sunday 1 November, 2026 7:59 pm

DEWA International, Shanghai Electric expand cooperation in energy, water, green hydrogen

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) and Chairman of DEWA International, witnessed the signing of a Memorandum of Understanding between DEWA International, the global arm of DEWA, and Shanghai Electric to explore opportunities to develop and invest...

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Business & Money | Sunday 1 November, 2026 7:58 pm

Dubai Municipality updates Al Satwa area’s planning regulations to broaden development, investment scope

Dubai Municipality has updated the planning regulations for Al Satwa, expanding development options and permitting a wider range of residential and commercial uses based on plot location and characteristics. The update aims to improve land use efficiency, enhance the area's investment appeal,...

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Business & Money | Sunday 1 November, 2026 7:56 pm

Ministry of Finance, Federal Authority for Government Human Resources partner to launch digital transformation project for federal resource planning systems

In a step that reinforces the UAE’s leadership in digital government and future foresight, the Ministry of Finance and the Federal Authority for Government Human Resources signed a strategic partnership agreement to launch the transformation of the federal government’s enterprise resource...

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Business & Money | Sunday 1 November, 2026 7:55 pm

ARDCO’s share of projects hits SAR 3B, to exit 300,000 sqm land plots: CFO

The total value of projects in which Riyadh Development Co. (ARDCO) participates stands at approximately SAR 9 billion, with the company’s share exceeding SAR 3 billion, according to CFO Mohammed Alkulaib. Alkulaib told Al Arabiya TV that the projects will be financed through several...

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Business & Money | Sunday 1 November, 2026 12:14 pm

Dubai Airport Freezone, Forbes Middle East to host Future Growth Nexus Summit on November 23

Under the patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority (DIEZ), Dubai Airport Freezone (DAFZ) and Forbes Middle East will organise the inaugural Future Growth Nexus Summit on 23rd November at Mandarin Oriental Jumeira,...

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Business & Money | Sunday 1 November, 2026 12:02 pm

NWC Completes Water Networks in Al-Qoz, Al-Qunfudhah

The National Water Company (NWC) announced the completion of a water network project at Al-Qoz Center in Al-Qunfudhah Governorate of Makkah region, at a cost exceeding 55 million Saudi Riyals. The project is part of the company’s plans to strengthen the water sector’s infrastructure and...

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Business & Money | Sunday 1 November, 2026 11:56 am

Cenomi Centers signs SAR 825M contract for Madinah Downtown project

Arabian Centres Co. (Cenomi Centers) signed a design-and-build contract with Lynx Contracting Co. for the mall and office components of Saudi Downtown Co.’s Madinah Downtown project at a total value of SAR 825 million, excluding VAT. Saudi Downtown Co. is a subsidiary of the Public...

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Business & Money | Sunday 1 November, 2026 11:54 am

PIF and Aramco close HUMAIN transaction

The Public Investment Fund (PIF) and Saudi Aramco announced today, Nov. 1, the completion of a deal under which Aramco, through a wholly owned subsidiary, acquired a 49% stake in HUMAIN, while PIF retains its 51% ownership in the company. Under the deal, Aramco will inject approximately SAR...

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Cars & Autos | Sunday 1 November, 2026 8:52 am

Theeb Rent a Car Receives ‘A-’ Credit Rating from Tassnief with a Stable Outlook

Theeb Rent a Car Company announced that it has received a credit rating from SIMAH Credit Rating Agency (Tassnief), licensed by the Capital Market Authority (CMA). The Company was assigned a long-term credit rating of ‘A-’ and a short-term credit rating of ‘T-3’, with a stable outlook. This ...

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Business & Money | Thursday 29 October, 2026 6:15 pm

NWC Completes Two Sewer Network Projects in Al-Baha at SR +230m

The National Water Company (NWC) has completed two sewer network projects in Al-Baha city at a cost of more than 230 million Saudi Riyals. The two projects serve over 34,000 beneficiaries. This comes as part of the company’s efforts to strengthen water and sanitation infrastructure and improve...

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