Business & Money | Sunday 1 June, 2025 11:07 am

TDF Participates as “Strategic Partner” in Aseer Investment Forum

Under the patronage of HRH Prince Turki bin Talal bin Abdulaziz, Governor of the Aseer Region and Chairman of the Aseer Development Authority, the Tourism Development Fund (TDF) -the national enabler of the tourism sector- took part in the 2nd edition of the Aseer Investment Forum. The forum...

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Business & Money | Sunday 1 June, 2025 11:03 am

RAKEZ concludes series of strategic engagements across China to boost bilateral cooperation

Ras Al Khaimah Economic Zone (RAKEZ) successfully concluded a multi-city business mission across China, further solidifying its role in advancing UAE-China trade and investment relations. The delegation participated in several high-level B2B engagements, the prestigious ‘UAE – China (Sichuan)...

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Business & Money | Sunday 1 June, 2025 11:01 am

Gridora signs inaugural MoU with Abu Dhabi Projects and Infrastructure Centre to accelerate delivery of transport infrastructure projects worth AED 35 billion

Gridora, the new infrastructure platform established by ADQ, IHC and Modon Holding, has signed its first Memorandum of Understanding (MoU) with Abu Dhabi Projects and Infrastructure Centre (ADPIC) for the delivery of high-impact transport infrastructure projects. The agreement marks a key milestone ...

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Business & Money | Sunday 1 June, 2025 10:59 am

du and Transguard Group join forces to drive digital transformation

 du, the leading telecom and digital services provider, today signed a Memorandum of Understanding (MoU) with Transguard Group, the region’s leading business support and outsourcing provider. The partners aim to collaborate across various domains, fostering innovation, efficiency, and...

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Business & Money | Sunday 1 June, 2025 10:55 am

Ministry of Industry and Advanced Technology Partners with Sinaha to Empower Industrial Sector and Boost Competitiveness of Local Products Under the Umbrella of Make it in the Emirates

The Ministry of Industry and Advanced Technology (MoIAT) and Sinaha — an e-commerce platform dedicated to supporting Emirati-made goods — have signed a partnership aimed at enhancing the competitiveness of national products. Through the partnership, Sinaha will design a national digital...

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| Saturday 31 May, 2025 8:36 am

Saudi Arabia awards exploration license for Jabal Sayid 3 site

The Ministry of Industry and Mineral Resources awarded an exploration license for Jabal Sayid 3 to a consortium of Polyus Mining Co. and TransOceanic Mineral Co.   The site is part of Saudi Arabia’s first mineralized belts.   In a post on X, the ministry said the...

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Government | Saturday 31 May, 2025 8:29 am

Saudi Arabia to maintain current pace of govt spending: Al-Jadaan

Saudi Arabia intends to maintain its current pace of government spending despite widening budget and current account deficits, as well as rising public debt, Finance Minister Mohammed Al-Jadaan has said.   Al-Jadaan added that he is not concerned about the fiscal deficit reaching up...

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Environment & Energy | Saturday 31 May, 2025 8:23 am

Saudi Aramco to maintain borrowing for growth; debt remains lowest among peers: CEO

Saudi Arabian Oil Co. (Saudi Aramco) is targeting more borrowing to finance growth and better leverage its balance sheet, CEO Amin Nasser said, adding that the oil giant will continue to tap bond markets moving forward.   In an interview with Bloomberg TV, the top executive indicated ...

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Business & Money | Saturday 31 May, 2025 8:18 am

Upgrade of 30% of Saudi plants to generate SAR 250B returns: Official

Khalil Salamah, Vice Minister of Industry Affairs, said the upgrade of 30% of Saudi Arabia’s factories will generate an economic return of up to SAR 250 billion, Al-Eqtisadiah newspaper reported.   He added that the upgrade requires significant financial investments, noting that...

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Government | Saturday 31 May, 2025 8:14 am

Digital economy accounts for 15.6% of Saudi GDP in 2023: GASTAT

The digital economy accounted for 15.6% of Saudi Arabia's GDP in 2023, marking a 1.6% increase compared to 2022, according to the Digital Economy Statistics Bulletin 2023 issued recently by the General Authority for Statistics (GASTAT). As for the structure of the digital economy, the core...

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