Business & Money | Tuesday 11 March, 2025 10:23 am

CMA approves Bank Albilad’s capital hike to SAR 15B via bonus issue

The Capital Market Authority (CMA) approved today, March 10, Bank Albilad’s request to increase its capital from SAR 12.5 billion to SAR 15 billion by distributing one bonus share for every five shares owned. Eligible shareholders are those registered with the Securities Depository Center...

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Business & Money | Monday 10 March, 2025 11:42 am

Investopia's fifth edition to take place on March 31 in Abu Dhabi

The fifth edition of Investopia will take place in Abu Dhabi from 31st March to 2nd April 2026. It will run over three days instead of two, based on growing interest from existing and new participants. The aim is to create an annual global platform for investment talks, bringing together...

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Business & Money | Monday 10 March, 2025 11:40 am

Sharjah Ramadan Majlis discusses ways to develop economy

The Sharjah Ramadan Majlis 2025 convened on Thursday in Mleiha, focusing on Sharjah’s industrial future and its impact on regional and local economic growth, especially regarding manufacturing. Under the theme “Sharjah: Shaping the Future, Empowering Growth", the event convened in the...

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Business & Money | Monday 10 March, 2025 11:36 am

UAE key player in shaping future of digital trade

The UAE’s Comprehensive Economic Partnership Agreements (CEPAs) with countries worldwide are paving the way for Emirati companies to play a pivotal role in digital trade and shape the future of this sector. As part of its commitment to a future-ready economy, the UAE has successfully...

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Business & Money | Monday 10 March, 2025 11:34 am

Dubai ranked world’s top destination for attracting Greenfield FDI for fourth successive year

Dubai has been ranked the world’s No.1 destination for Greenfield Foreign Direct investment (FDI) projects for the fourth successive year, according to the Financial Times Ltd.’s ‘fDi Markets’ data. In 2024, Dubai attracted AED52.3 billion ($14.24 billion) in estimated FDI capital, a...

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Business & Money | Monday 10 March, 2025 11:32 am

Metal Park launches AED110m Storage Hub in KEZAD

Khalifa Economic Zones Abu Dhabi – KEZAD Group and its strategic client Metal Park announced the launch of the first phase of Metal Park's state-of-the-art Storage Hub in KEZAD. The Storage Hub will offer world-class storage solutions and support services for businesses in the...

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Business & Money | Monday 10 March, 2025 11:30 am

Al Etihad Payments, Visa announce 'Jaywan- Visa' co-badging partnership

Al Etihad Payments, a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE's of the national card switch (UAESWITCH) and the UAE's domestic card scheme "Jaywan", and Visa, today announced their agreement to jointly introduce "Jaywan- Visa" debit and prepaid cards...

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Business & Money | Monday 10 March, 2025 11:24 am

Emaar EC amends plan to raise capital by converting PIF debt to new shares

Emaar The Economic City’s (Emaar EC) board of directors amended on March 8 an earlier recommendation to increase capital by converting the debt owed to the Public Investment Fund (PIF) into new ordinary shares. The board proposed increasing the amount of debt to be converted from SAR 3.97...

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Business & Money | Monday 10 March, 2025 11:22 am

Naseej Tech inks SAR 19.9M contract with King Khalid University

Naseej for Technology Co. (Naseej Tech) signed today, March 9, a contract for the operation and maintenance of managed computer services at King Khalid University, at SAR 19.89 million (VAT inclusive). In a statement to Tadawul, the company indicated that the project aims to provide managed...

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Business & Money | Monday 10 March, 2025 11:19 am

ACWA Power opens innovation hub in China

ACWA Power Co. launched its first overseas innovation center in Shanghai’s Pudong New Area, China, at an initial investment of CNY 20 million ($2.8 million), according to a statement on Tadawul today, March 9.The hub will focus on five key sectors: photovoltaics, wind power, energy storage, green ...

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