Business & Money | Sunday 23 February, 2025 11:15 am

Kuwait’s Mabanee signs 2 contracts for Avenues Riyadh at SAR 1.13B

Kuwait’s real estate developer, Mabanee Co., announced that its Saudi subsidiary signed two contracts for construction work as part of the second phase of The Avenues-Riyadh project, at a total value of SAR 1.13 billion. In a statement to Boursa Kuwait, the company said the first contract...

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Government | Sunday 23 February, 2025 11:06 am

King Salman orders naming of 15 Riyadh squares after Saudi rulers

King Salman bin Abdulaziz issued a directive to name 15 major squares in Riyadh after the imams and kings of Saudi Arabia to commemorate Founding Day on Feb. 22. According to Saudi Press Agency, the directive was issued following a proposal by Crown Prince and Prime Minister Mohammed bin...

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Business & Money | Sunday 23 February, 2025 10:52 am

Al-Rumayan sees Kingdom poised for AI domination, 2x return on investment

The Kingdom has the potential to become a global leader in artificial intelligence, the Public Investment Fund’s (PIF) Governor, Yasir Al-Rumayyan stated. Speaking at the third PRIORITY Summit in Miami, hosted by the Saudi Future Investment Initiative (FII), Al-Rumayyan emphasized that the...

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Business & Money | Sunday 23 February, 2025 10:43 am

NWC and SWIC launch Wabel Incubator to support innovation in water sector

The National Water Company (NWC) and the Saudi Water Innovation Center (SWIC) announced the launch of the Wabel Incubator. It aims to support and develop innovations in the water sector. This came during the graduation ceremony of the 2024 incubated projects held in Riyadh on Thursday, February 13, ...

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Business & Money | Sunday 23 February, 2025 10:40 am

Dubai Customs launches "Al Munasiq" platform powered by AI to revolutionize customs classification processes

In line with Dubai's plan to accelerate the adoption of artificial intelligence (AI) applications, launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Executive Council of Dubai, Dubai...

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Business & Money | Sunday 23 February, 2025 10:35 am

Abu Dhabi signs groundbreaking agreements with China to strengthen economic and business partnerships

An Abu Dhabi economic delegation, led by the Abu Dhabi Department of Economic Development (ADDED), concluded a successful visit to China, which saw the signing of groundbreaking agreements to further enhance cooperation between government entities and private sector companies in Abu Dhabi and...

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Business & Money | Sunday 23 February, 2025 10:31 am

Shard Capital Partners LLP leads landmark investment alliance to establish Egypt’s first petrochemical complex in New Alamein

Shard Capital Partners LLP, in collaboration with UAE-based Royal Strategic Partners and Saudi Arabia’s Al-Qahtani Group, has announced the signing of a Framework Agreement with Egypt’s Ministry of Petroleum and Ministry of Investment to develop a ground-breaking petrochemical complex in the...

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Business & Money | Sunday 23 February, 2025 10:28 am

Estonia Enhances Global Defence Innovation Through Strategic Alliances

 Estonia is enhancing its defence innovation through strategic alliances globally. His Excellency (H.E.) Hanno Pevkur, Estonia’s Minister of Defence, visited the UAE and attended the IDEX 2025 conference—the global stage for defence innovation and collaboration. Investment in European ...

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Business & Money | Sunday 23 February, 2025 10:23 am

Dubai Maritime Authority Launches Project to Expand Telecommunications Coverage in Dubai Waters

Dubai Maritime Authority, part of the Ports, Customs, and Free Zone Corporation, has launched a project to expand telecommunications network coverage in Dubai waters in collaboration with three strategic partners. The announcement was made during the Dubai International Boat Show 2025 in the...

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Business & Money | Sunday 23 February, 2025 10:19 am

BAMX Properties officially launches in the UAE

BAMX Properties – a forward-thinking real estate developer renowned internationally for its commitment to quality, sustainability, and luxury – has announced its official launch in the UAE. The company held a special launch event last night at the 5-star H Hotel in Dubai. With a legacy...

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