Business & Money | Tuesday 20 May, 2025 8:07 am

Purity inks SAR 3.5M contract with RCHSP in Jubail

Purity Tech Co. inked a SAR 3.47 million contract, including VAT, with the Royal Commission Health Services Program (RCHSP) in Jubail on May 15, the company said in a statement to Tadawul. The 12-month agreement covers the development and maintenance of the unified enterprise resources system...

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Business & Money | Tuesday 20 May, 2025 8:05 am

PIF opens subsidiary company office in Paris

The Public Investment Fund (PIF) announced today, May 19, the opening of a new subsidiary company office in Paris, expanding its global presence and deepening ties in France, a priority international market. The new office reflects PIF’s approach to engaging closely with local partners,...

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Business & Money | Tuesday 20 May, 2025 8:00 am

Hail Investment Forum unveils SAR 8.5B in agreements, projects

Prince Abdulaziz Al Saud, Governor of Hail Province, oversaw the launch of a package of agreements, initiatives, and projects at the opening of the Hail Investment Forum 2025, with a total value of SAR 8.5 billion. These strategic partnerships between government entities and investment bodies...

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Business & Money | Tuesday 20 May, 2025 7:57 am

SPGA denies rumors about residential land distribution in Riyadh

The State Properties General Authority (SPGA) denied rumors regarding the distribution of residential land plots in Riyadh. In a statement, the authority emphasized that all major initiatives and development projects are only announced through official channels. SPGA urged the public to...

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Business & Money | Tuesday 20 May, 2025 7:54 am

Aramco publishes sustainability report for 2024

Saudi Aramco announced, in its Sustainability Report for 2024 that it aims to achieve net-zero greenhouse gas emissions for scopes 1 and 2 across all its wholly-owned and operated assets by 2050.The company said that it has set a new interim target to reduce the carbon intensity of its upstream...

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Business & Money | Tuesday 20 May, 2025 7:52 am

FAB first in MENA to adopt Oracle-Mastercard virtual card solution for B2B finance payments

First Abu Dhabi Bank (FAB) is the first bank in the Middle East and North Africa (MENA) to pilot an innovative embedded finance and payments solution developed in partnership with Oracle and Mastercard. This collaboration combines the strengths of the two industry leaders to revolutionize...

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Business & Money | Tuesday 20 May, 2025 7:51 am

ADNOC, Tawazun Council partner to strengthen collaboration in key sectors

ADNOC and Tawazun Council have signed a framework agreement to strengthen strategic collaboration in key sectors in the UAE. The agreement will enable Tawazun Council to focus on its core mandate by receiving comprehensive logistical and operational support from ADNOC. The agreement was signed at...

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Business & Money | Tuesday 20 May, 2025 7:48 am

NMDC LTS, Jiangsu Huaying Valves announce MoU to explore establishment of valve facility in UAE

NMDC LTS, a business vertical of NMDC Group, a global leader in engineering, procurement, construction (EPC), and marine dredging (Abu Dhabi Securities Exchange: NMDC), has announced the signing of an MoU to explore the establishment of a Joint Venture with Jiangsu Huaying Valves Co. Ltd at the...

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Business & Money | Tuesday 20 May, 2025 7:46 am

Innovest Holding, OXON Technologies forge strategic partnership to power UAE’s clean energy future

Innovest Holding LLC, a leading sustainable technologies investment firm based in Abu Dhabi, today announced a landmark strategic partnership with Nevada-based energy solutions innovator OXON Technologies. This collaboration marks a significant step forward in pioneering the next generation of...

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Business & Money | Tuesday 20 May, 2025 7:43 am

Emirates Development Bank launches AED1 bn Emirates Growth Fund to accelerate growth of UAE-based SMEs

Emirates Development Bank (EDB) today announced the launch of the Emirates Growth Fund (EGF), a transformative AED 1 billion growth equity platform designed to accelerate the scale, resilience, and global competitiveness of UAE-based SMEs. Officially unveiled at the fourth edition of Make it...

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