Business & Money | Monday 30 March, 2026 9:23 am

Masar inks SAR 500M revolving facility with SAB

Umm Al Qura for Development and Construction Co. (Masar) said it signed a Shariah-compliant revolving credit facility worth SAR 500 million with Saudi Awwal Bank (SAB). In a statement to Tadawul, the company said the 12-month facility will be used to finance general working capital...

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Business & Money | Monday 30 March, 2026 9:18 am

ADNOC, OMV announce executive leadership for Borouge Group International AG

ADNOC and OMV on Friday announced the executive leadership team and Supervisory Board of Borouge Group International AG, a global polyolefins champion to be formed through the combination of their shareholdings in Borouge Plc and Borealis, followed by the acquisition of NOVA Chemicals. The new ...

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Business & Money | Monday 30 March, 2026 9:16 am

Dubai Chambers develops action plan with Confederation of Indian Industry to boost trade, investment flows

Dubai Chambers has hosted a meeting with senior representatives from the Confederation of Indian Industry (CII) to enhance trade and investment flows between Dubai and India. During the meeting, the two sides agreed to develop a joint action plan aimed at broadening business partnerships across a...

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Business & Money | Monday 30 March, 2026 9:15 am

Presight, NodeShift forge strategic partnership to scale sovereign AI solutions globally

Presight and NodeShift, a sovereign AI company which was part of Presight’s inaugural AI Accelerator Program, have announced a strategic partnership that includes joint go-to-market collaboration and investment support to expand the adoption of sovereign AI solutions across international...

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Business & Money | Monday 30 March, 2026 9:12 am

Dubai records strong performance in construction sector with more than 10,700 building permits issued in Q1/26

Dubai Municipality reported strong performance indicators in the building and construction sector during the first quarter of 2026, reflecting sustained development momentum across the emirate and a highly attractive investment environment that continues to reinforce Dubai’s position as a leading ...

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Business & Money | Monday 30 March, 2026 9:10 am

Dubai advances to 7th place in Global Financial Centres Index, marking highest-ever ranking

Dubai has achieved its highest-ever ranking in the Global Financial Centres Index (GFCI), climbing to seventh place globally, underscoring the emirate’s accelerating rise as one of the world’s most influential financial hubs and its importance in the global financial system. This...

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Business & Money | Monday 30 March, 2026 9:07 am

Emaar Development announces 100% dividend payout of AED4 billion

Emaar Development PJSC today held its Annual General Meeting (AGM), during which the Board of Directors reviewed the company’s financial performance for 2025 and discussed its strategic outlook for the coming period. During the AGM, shareholders approved the Board of Directors’ proposal to ...

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Business & Money | Monday 30 March, 2026 9:05 am

UAE real estate sector shines with major projects, strong March sales

The UAE continues to consolidate its position as one of the most dynamic real estate markets, with a steady pace of new project launches and uninterrupted construction activity during March 2026. This accelerating momentum in projects and rising sales reflects the strength of the UAE real...

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Business & Money | Sunday 29 March, 2026 9:18 am

$1B hospitality platform to develop 50 hotels in Saudi Arabia

A US-based Patel Family Office and Saudi industrial group Abdulhadi Al Qahtani & Sons (AHQ) launched a $1 billion hospitality platform to develop 50 hotels across Saudi Arabia. The platform aims to support business tourism and boost economic diversification in the Kingdom, according to the ...

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Business & Money | Sunday 29 March, 2026 9:17 am

Al-Jadaan lauds East-West pipeline role in easing global energy crisis

Saudi Finance Minister Mohammed Al-Jadaan said the Kingdom’s huge investments in the East-West pipeline played a key role in containing global oil supplies and mitigating the impact of the energy crisis. Addressing a panel session at the Future Investment Initiative held in Miami, US,...

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