Business & Money | Thursday 23 April, 2026 4:13 pm

Sumou to manage infrastructure development for Riyadh land portfolio

Sumou Real Estate Co. said it signed an agreement to manage infrastructure development for land plots in Riyadh’s Al Qadisiyah, Al Rimal, and Al Janadriyah districts, covering a total area of 1.83 million square meters, according to a statement to Tadawul. The agreement was signed with...

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Business & Money | Thursday 23 April, 2026 4:11 pm

Dubai Chamber of Commerce, DIB organise open dialogue focused on banks’ role in enabling business resilience

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, recently organised an interactive dialogue in collaboration with DIB focused on banking solutions for the private sector. Bringing together 93 representatives from the business community, the...

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Business & Money | Thursday 23 April, 2026 4:10 pm

ADCB posts net profit of AED3.36 billion in Q1 2026

Abu Dhabi Commercial Bank (ADCB) reported a net profit after tax of AED3.361 billion for the first quarter of 2026, delivering a return on average equity of 16.3 percent. The bank recorded a pre-tax profit of AED3.781 billion, marking a 30 percent increase compared to the same period last year ...

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Business & Money | Thursday 23 April, 2026 4:08 pm

Abu Dhabi strengthens strategic financial engagement with Italy

A high-level delegation from Abu Dhabi, led by AGDM, has concluded a series of strategic engagements in Milan, Italy, bringing together global financial institutions, industry leaders, and sector participants, as part of its continued efforts to strengthen its position across the financial services ...

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Business & Money | Thursday 23 April, 2026 4:07 pm

UAE participates in UN-Habitat Executive Board meetings in Nairobi

The United Arab Emirates participated in the first 2026 Executive Board meetings of the United Nations Human Settlements Programme (UN-Habitat), held in Nairobi, Kenya, with the attendance of member states. The UAE delegation was led by Engineer Mohammed Ibrahim Al Mansoori, Undersecretary for ...

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Business & Money | Thursday 23 April, 2026 4:06 pm

Aldar acquires industrial, logistics portfolio in KEZAD from AD Ports Group for AED650 million

Aldar today announced the acquisition of an industrial and logistics portfolio from AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi – KEZAD Group for AED650 million. The transaction adds 163,000 square metres of modern, income-generating industrial and logistics space to Aldar's...

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Business & Money | Wednesday 22 April, 2026 1:49 pm

Driving Business Growth Through Customer-Centric PPC Management Services in Dubai

In the fast-paced digital economy of the Middle East, businesses are constantly vying for a split second of consumer attention. While organic growth remains a vital long-term strategy, the immediate impact of a well-executed paid strategy cannot be overstated. Statistics consistently show that...

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Business & Money | Wednesday 22 April, 2026 1:35 pm

Hawkamah and the Future of Corporate Governance in the Region

Strong governance is no longer a luxury reserved for large institutions. It has become a defining factor for resilience, credibility, and long-term success across organisations of all sizes. Within this landscape, Hawkamah Institute for Corporate Governance stands out as a regional leader shaping...

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Business & Money | Wednesday 22 April, 2026 11:36 am

PIF, State Street launch Saudi equity ETF

The Public Investment Fund (PIF) and State Street Investment Management (State Street IM) launched State Street Saudi Arabia Enhanced Active Equity UCITS ETF (SAQL). The PIF is an anchor investor in the ETF, which will actively invest in Saudi equities using a quantitative multi-factor stock...

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Business & Money | Wednesday 22 April, 2026 11:30 am

Riyadh Development to sell fund units to Sumou Holding for SAR 184.5M

Riyadh Development Co. said it signed an agreement on April 22 to sell all of its units in Al Arabi Riyadh Development Real Estate Fund to Sumou Holding Co. for SAR 184.5 million, according to a statement to Tadawul. The consideration will be paid in three installments over ...

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