Business & Money | Sunday 9 March, 2025 8:00 am

King Salman, Crown Prince donate SAR 70M to National Campaign for Charitable Work

King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman donated SAR 40 million and SAR 30 million, respectively to the fifth edition of the National Campaign for Charitable Work through the Ehsan platform. The donation builds on the leadership's continuous support for...

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Business & Money | Sunday 9 March, 2025 8:00 am

MAWANI launches expansion of container terminal at Jeddah Port with SAR 3B investments

The Saudi Ports Authority (MAWANI), in collaboration with DP World, launched expansion and development works for the Southern Container Terminal at Jeddah Islamic Port. This initiative aims to boost operational capabilities and increase the port’s handling capacity, with an investment value of...

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Business & Money | Sunday 9 March, 2025 8:00 am

Raoom pens SAR 100M credit facility deal with Bank AlJazira

Raoom Trading Co. signed today, March 6, a Shariah-compliant credit facility agreement worth SAR 100 million with Bank AlJazira, according to a filing to Tadawul. The facility, available until Dec. 31, 2025, is guaranteed by a promissory note. The deal aims to support the...

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Business & Money | Sunday 9 March, 2025 8:00 am

Saudi German Health inks 3 contracts with Al-Sobh New Medical

Middle East Healthcare Co. (Saudi German Health) signed today, March 6, three contracts with Al-Sobh New Medical Co., according to a statement to Tadawul. The first contract permits the usage of Saudi German Hospital trademark and brand name at Al-Sobh New Medical Co.’s Sobhi Abdul Jalil...

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Business & Money | Sunday 9 March, 2025 8:00 am

Red Sea says phase 2 of staff camp project not to be activated

Red Sea International Co. received a letter from Webuild SpA, the contractor for the project to build a staff camp serving the Trojena Dam project at NEOM, related to the latter’s decision to not activate the project’s second phase as the initial phase should suffice. As a result, the...

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Business & Money | Sunday 9 March, 2025 8:00 am

Commercial registration services paused ahead of 2 new systems launch

The Ministry of Commerce announced a seven-day suspension of commercial registration and trade name system services, effective today, March 27. The services will resume in a fully updated format on April 3, coinciding with the implementation of the two new systems. In a statement on X,...

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Business & Money | Sunday 9 March, 2025 8:00 am

S&P projects 20% growth in UAE's insurance sector in 2025

S&P Global Ratings has projected that the UAE's insurance sector will maintain positive growth prospects in 2025, with growth expected to range between 10% and 20% in 2025, following an estimated 20% expansion in 2024. The agency also highlighted that other Gulf countries will experience...

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Business & Money | Sunday 9 March, 2025 8:00 am

Buimerc rings Nasdaq Dubai’s bell to mark its AED20 million contribution in support of Fathers’ Endowment campaign

Buimerc Corporation Ltd. rang the market opening bell to mark its support of the Fathers’ Endowment campaign, in the presence of Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, as well as representatives from the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), organisers of...

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Business & Money | Sunday 9 March, 2025 8:00 am

Ras Al Khaimah Government completes US$1 billion sukuk issuance

The Government of Ras Al Khaimah, acting through the Investment and Development Office of Ras Al Khaimah, successfully closed its offering of a 10-year US$1 billion senior unsecured sukuk at a profit rate of [5.038%] on 5th March 2025. The Government of Ras Al Khaimah tapped the international...

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Business & Money | Sunday 9 March, 2025 8:00 am

Emirates forges 11 strategic agreements at ITB Berlin 2025

Emirates airline concluded its participation in the ITB Berlin 2025, travel and tourism exhibition, by signing 11 strategic agreements over the three days of the event. According to a statement issued on Friday, the airline's officials held 270 high-level meetings, while its pavilion welcomed...

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