Business & Money | Sunday 5 April, 2026 4:12 pm

UAE Aa2 Rating with stable outlook unchanged following Moody’s Ratings periodic review

The Ministry of Finance announced that the credit rating agency Moody’s Ratings (Moody’s) has completed a periodic review of the ratings of the United Arab Emirates (UAE) on 30 March 2026. The review reassessed the appropriateness of the current rating, which remains unchanged at Aa2 with a...

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Business & Money | Sunday 5 April, 2026 4:10 pm

Sharjah Economic Council strengthens communication with investors in vital sectors

Sharjah Economic Council, part of Sharjah Department of Economic Development (SEDD), held a meeting with a number of investors from various vital sectors in the emirate. These sectors included tourism and hospitality, aviation, shipping and transportation, construction, retail outlets, and...

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Business & Money | Thursday 2 April, 2026 4:52 pm

KHC acquires stake in BEV from Prince Alwaleed for SAR 255M

Kingdom Holding Co. (KHC) signed an agreement to acquire a stake in Breakthrough Energy Ventures (BEV) from Prince Alwaleed bin Talal for SAR 255 million ($68 million). In a statement to Tadawul, the company said that the estimated value of the acquired stake is $98 million (SAR 367.5...

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Business & Money | Thursday 2 April, 2026 4:25 pm

NWC completes water lines and networks in Riyadh and Diriyah at about SR 37m

As part of its ongoing efforts to implement strategic plans supporting the infrastructure of the water and sanitation services sectors, the National Water Company (NWC) announced the completion of water lines and networks in Riyadh and Diriyah at a total cost of approximately 37 million Saudi...

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Business & Money | Wednesday 1 April, 2026 2:59 pm

Serving more than 137,000 beneficiaries NWC completes project to increase water supply efficiency in Madinah at SR 60 million

The National Water Company (NWC) announced the completion of a transmission line project, one of the most important water infrastructure projects in Madinah, at a cost of 60 million Saudi Riyals. This project has achieved a significant improvement in water supply efficiency in the region and serves ...

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Business & Money | Wednesday 1 April, 2026 2:00 pm

Cenomi Centers signs deals with Saudi Downtown to develop Al Khobar mall

Arabian Centres Co. (Cenomi Centers) signed on March 31 an agreement with Saudi Downtown Co., a wholly owned subsidiary of the Public Investment Fund (PIF), to develop a new shopping mall in Al Khobar. In a statement to Tadawul, the company said the contract value exceeds 5% of its annual...

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Business & Money | Tuesday 31 March, 2026 4:45 pm

Gulf Print & Pack will return to DWTC this September ​​​​

Gulf Print & Pack, the MENA region’s leading print and packaging technology trade event, will take place from 28 – 30 September 2026 at the Dubai World Trade Centre, organizer Informa has confirmed.Running the event in September creates enhanced flexibility for participation for the labels...

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Business & Money | Tuesday 31 March, 2026 1:33 pm

GASCO starts construction of SAR 88.7M fiberglass cylinders plant

National Gas and Industrialization Holding Co. (GASCO) started the establishment of a fiberglass cylinders manufacturing plant through Fiber Gas Industrial Co., a subsidiary of Khazeen Co., which is wholly owned by GASCO.In addition, Fiber Gas Industrial signed...

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Business & Money | Tuesday 31 March, 2026 1:31 pm

ADES wins SAR 2.73B jackup rig contracts in Nigeria

ADES Holding Co. said it signed multi-year contracts for three jackup rigs in Nigeria, with a total estimated value of SAR 2.73 billion ($729 million), including mobilization and start-up fees and the share of its local partner. In a statement to Tadawul, the company said the contracts were...

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Business & Money | Tuesday 31 March, 2026 1:28 pm

Alramz purchases land plots in Riyadh for SAR 94.6M

Alramz Real Estate Co. purchased commercial/residential land plots in Al Malqa District, Riyadh, from Mohammed Abdulaziz Al-Majed and Mohammed Ibrahim Al-Khalifa, for SAR 94.60 million. In a Tadawul statement, the company said the land plots span 8,600 square meters, and will be used for the...

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