Business & Money | Monday 24 February, 2025 12:30 pm

Rawasi Albina signs SAR 23.7M contract with NWC

Rawasi Albina Investment Co. signed today, Feb. 20, a contract worth SAR 23.66 million (VAT inclusive) with National Water Co. (NWC), according to a Tadawul statement. Under the 36-month contract, the company will undertake the water networks rehabilitation in Tabuk. The relevant...

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Business & Money | Monday 24 February, 2025 12:21 pm

DEWA organises 2nd cycle of CleanTech Innovators Exhibition

The Sustainability and Innovation Centre of Dubai Electricity and Water Authority (DEWA) is organising the second cycle of the CleanTech Innovators Exhibition from 24 to 26 February 2025. This is part of DEWA’s participation in the ‘UAE Innovates 2025’. Cleantech Innovators features an...

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Environment & Energy | Monday 24 February, 2025 12:18 pm

Clean energy export from Hatta to Dubai to begin next April

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has announced that the pumped-storage hydroelectric power plant DEWA is developing in Hatta will gradually begin exporting clean energy to Dubai for the first time in April 2025. He added that the operational...

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Business & Money | Monday 24 February, 2025 12:16 pm

FTA registers intellectual property for 'Muwafaq' package

The Federal Tax Authority (FTA) has announced the intellectual property registration of the "Muwafaq" package, which has been specifically developed to support small and medium-sized enterprises (SMEs) in the UAE. The authority highlighted that the package seeks to create a significant step...

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Business & Money | Monday 24 February, 2025 12:14 pm

Ahmed bin Saeed: DIEZ achieves exceptional growth in 2024 financial results, strengthening its contribution to national economy

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority (DIEZ), today announced that DIEZ has achieved significant financial and operational growth in 2024, further strengthening its role in Dubai's economy and aligning with the goals of the Dubai Economic...

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Business & Money | Monday 24 February, 2025 12:05 pm

Sharjah records 1,246 sales transactions covering 10.4 million square feet

The Sharjah real estate achieved a solid and exceptional performance in the first month of 2025, as the volume of real estate transactions reached AED7 billion during January, while the total number of transactions reached 11,116, and the total area traded in sales transactions reached 10.4 million ...

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Business & Money | Monday 24 February, 2025 12:02 pm

Sharjah Islamic Bank approves AED458.7 million cash dividend for 2024

Sharjah Islamic Bank (SIB) shareholders have approved a 15 percent cash dividend distribution of the company’s capital for the fiscal year 2024, amounting to AED458.7 million. The decision was announced during the Annual General Assembly Meeting (AGM), held on Sunday morning, presided over...

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Business & Money | Monday 24 February, 2025 11:52 am

Noatum Maritime, Turkish Erkport launch 'United Global Ro-Ro' joint venture

Noatum Maritime, part of AD Ports Group, has established a new Joint Venture (JV) with Erkport, a Turkish-based company with a proven track record in the Roll-on/Roll-off (Ro-Ro) shipping industry, launching a Ro-Ro liner business with integrated networks. Under the terms of the agreement,...

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Business & Money | Monday 24 February, 2025 11:50 am

Investopia 2025 to develop innovative insights into future investment, finance opportunities in global economic landscape

Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the UAE capital, Abu Dhabi, will host the fourth edition of ‘Investopia’ under the slogan ‘Harnessing MegaForces,’ on 26 and 27 February. The ...

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Business & Money | Monday 24 February, 2025 10:57 am

Sumou announces project award with Municipality of Makkah

Sumou Real Estate Co. announced the award of the project to complete the development and implementation of infrastructure for the Shariah grant scheme No. 17 in collaboration with the Municipality of Makkah. In a statement to Tadawul, the company pointed out that it will receive 7.04% of the...

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