Business & Money | Monday 2 November, 2026 1:01 pm

Saudi Arabia launches Khobar Downtown project

Prince Saud bin Naif bin Abdulaziz, Governor of Eastern Province, witnessed today, Nov. 1, the launch of the Khobar Downtown project, developed by Saudi Downtown Co. (SDC), a subsidiary of the Public Investment Fund (PIF). This was in the presence of Prince Saud bin Bandar bin Abdulaziz,...

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Business & Money | Monday 2 November, 2026 1:00 pm

Kingdom Holding: Jeddah Tower reaches 120th floor

Kingdom Holding Co. (KHC) said Jeddah Tower has reached the 120th floor, with a height of approximately 482 meters. More than 322,000 cubic meters of concrete have been poured, representing around 72% of the total targeted volume, the company said in its financial results statement. More...

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Business & Money | Monday 2 November, 2026 9:51 am

ICD and Open Bank sign expression of intent for a potential USD 10 million line of financing in Uzbekistan

ICD and JSC Open Bank (Uzbekistan) have signed an Expression of Intent for a potential Shariah-compliant Line of Financing facility of up to USD 10 millionThe facility aims to channel funds to eligible private sector projects, including SMEs and corporates across UzbekistanThe potential Line of...

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Business & Money | Sunday 1 November, 2026 8:05 pm

Ras Al Khaimah Signs Landmark Friendship Agreement & 10 MoUs during Historic High-Level Tour of South China

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, witnesses the signing of a historic agreement between Ras Al Khaimah and Fujian Province, China, concluding a six-day China visit. Signed in Fuzhou, the agreement establishes a framework for...

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Business & Money | Sunday 1 November, 2026 8:03 pm

Sharjah Unveils Uruk: A New Generation of Sustainable Cities Built for the Post-AI Era

In the presence of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and Her Highness Sheikha Bodour bint Sultan Al Qasimi, President of American University of Sharjah and Chairperson of Sharjah Research, Technology and Innovation Park, a pioneering ...

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Business & Money | Sunday 1 November, 2026 8:01 pm

Dubai Chambers launches Agentic AI category as part of Mohammed Bin Rashid Al Maktoum Business Award

Dubai Chambers has announced the launch of the Agentic AI category under the Mohammed Bin Rashid Al Maktoum Business Award. The new category will recognise Dubai-based private sector companies demonstrating excellence in the practical and responsible implementation of Agentic AI to achieve tangible ...

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Business & Money | Sunday 1 November, 2026 7:59 pm

DEWA International, Shanghai Electric expand cooperation in energy, water, green hydrogen

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) and Chairman of DEWA International, witnessed the signing of a Memorandum of Understanding between DEWA International, the global arm of DEWA, and Shanghai Electric to explore opportunities to develop and invest...

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Business & Money | Sunday 1 November, 2026 7:58 pm

Dubai Municipality updates Al Satwa area’s planning regulations to broaden development, investment scope

Dubai Municipality has updated the planning regulations for Al Satwa, expanding development options and permitting a wider range of residential and commercial uses based on plot location and characteristics. The update aims to improve land use efficiency, enhance the area's investment appeal,...

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Business & Money | Sunday 1 November, 2026 7:56 pm

Ministry of Finance, Federal Authority for Government Human Resources partner to launch digital transformation project for federal resource planning systems

In a step that reinforces the UAE’s leadership in digital government and future foresight, the Ministry of Finance and the Federal Authority for Government Human Resources signed a strategic partnership agreement to launch the transformation of the federal government’s enterprise resource...

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Business & Money | Sunday 1 November, 2026 7:55 pm

ARDCO’s share of projects hits SAR 3B, to exit 300,000 sqm land plots: CFO

The total value of projects in which Riyadh Development Co. (ARDCO) participates stands at approximately SAR 9 billion, with the company’s share exceeding SAR 3 billion, according to CFO Mohammed Alkulaib. Alkulaib told Al Arabiya TV that the projects will be financed through several...

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