Business & Money | Monday 23 February, 2026 8:42 am

AED 6.625 billion in total value of lease contracts in Ajman in 2025

The Municipality and Planning Department – Ajman announced remarkable growth in rental transactions during 2025, with the total value of lease contracts exceeding AED 6.625 billion, recording an increase of over AED 1.695 billion, and a growth rate of 34.4% compared to 2024, reaffirming Ajman’s ...

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Business & Money | Monday 23 February, 2026 8:40 am

RTA awards contract for Phase II of Hessa Street Development

The Roads and Transport Authority (RTA) has awarded a contract for Phase II of Hessa Street Development. The project spans the 3 km corridor between Al Khail Road and Sheikh Mohamed bin Zayed Road. It includes upgrading three major intersections by constructing bridges extending 8,835 metres...

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Business & Money | Monday 23 February, 2026 8:39 am

Launch of first-ever 7-year tranche Islamic Treasury Sukuk worth AED550 million: MoF

The Ministry of Finance (MoF), in its capacity as issuer and in collaboration with the Central Bank of the UAE (CBUAE) as issuing and payment agent, announced the launch of the first-ever 7-year tranche of UAE dirham-denominated Islamic Treasury Sukuk (T-Sukuk) valued at AED550 million. This...

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Business & Money | Monday 23 February, 2026 8:38 am

Abu Dhabi Chamber, US Chamber of Commerce to expand bilateral partnerships

The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the US Chamber of Commerce to enhance investment opportunities, exchange expertise, and strengthen communication channels between the business communities of Abu Dhabi and the United States. The agreement...

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Business & Money | Sunday 22 February, 2026 5:48 am

Alkhorayef Water inks SAR 57.3M contract with NWC in Hafer Al-Batin

Alkhorayef Water and Power Technologies Co. (AWPT) signed a contract with the National Water Co. (NWC), totaling SAR 57.28 million (excluding VAT). Under the 36-month contract, AWPT will carry out the operation and maintenance of water and wastewater networks in Hafer Al-Batin, Saudi Arabia,...

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Business & Money | Sunday 22 February, 2026 5:45 am

ROSHN inks SAR 1.3B deals to sell, develop land plots in SEDRA

ROSHN Group signed various strategic agreements to sell and develop land plots with an investment value exceeding SAR 1.3 billion. These agreements were signed in partnership with a number of local real estate developers for the establishment of residential and commercial projects within the SEDRA...

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Business & Money | Sunday 22 February, 2026 5:42 am

Red Sea subsidiary inks framework agreement with KSIA

Red Sea International Co.’s subsidiary, Fundamental Installation for Electric Work Co. Ltd. (First Fix), signed a framework agreement on Feb. 18 with King Salman International Airport (KSIA) Development Co. for the early works package at the KSIA project in Riyadh. The agreement sets general ...

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Business & Money | Sunday 22 February, 2026 5:39 am

Acwa signs solar projects deal with Türkiye Energy Ministry

Saudi Arabia’s utility Acwa has signed a comprehensive power purchase agreement (PPA) with Turkey’s Ministry of Energy and Natural Resources to develop solar power plants with multi-billion-dollar investments. Alparslan Bayraktar, Minister of Energy and Natural Resources, said on X that...

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Business & Money | Saturday 21 February, 2026 2:50 am

Shipfinex Secures In-Principle Approval from VARA, Marking a Key Milestone for Shipping Finance in Dubai

Shipfinex FZCO, a digital platform dedicated to the democratization of the maritime economy, is pleased to announce it has received In-Principle Approval (IPA) from Dubai’s Virtual Assets Regulatory Authority (VARA) for a Broker-Dealer license. This milestone marks a significant step forward ...

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Business & Money | Wednesday 18 February, 2026 1:16 pm

Saudi Arabia, Qatar ink maritime, logistics MoU

Saudi Ports Authority (Mawani) and Qatar Ports Management Co. (Mwani Qatar) signed a memorandum of understanding (MoU) to enhance maritime and logistics cooperation, aiming to boost port efficiency and support regional and international trade. The agreement spans eight key areas, including...

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