Business & Money | Tuesday 17 June, 2025 8:00 am

COIMA, Eagle Hills partner to unlock €200m restoration of iconic Venice hotel

COIMA SGR, a leading Italian real estate investment and asset manager, has finalised an agreement to acquire 100 percent of the legacy debt on the historic Grand Hôtel des Bains, paving the way for the full restoration of the landmark property on the Lido di Venezia. The project will be...

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Business & Money | Tuesday 17 June, 2025 8:00 am

UAE’s Ministry of Defence Strengthens its Environmental Credentials with Tabreed and Emerge

 The UAE Ministry of Defence, in partnership with Tabreed, the world’s leading district cooling company, and Emerge, a joint venture between the UAE’s Masdar, a global clean energy leader, and France’s EDF Group, announced today the completion of a new project to integrate solar energy...

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Business & Money | Tuesday 17 June, 2025 8:00 am

AZIZI DEVELOPMENTS AND ESHARAH ETISALAT SECURITY SOLUTIONS PARTNER TO ENHANCE BURJ AZIZI CRITICAL COMMS

 Azizi Developments, a leading private developer in the UAE, has announced its partnership with Esharah Etisalat Security Solutions, the UAE-based provider of secure and mission-critical communication solutions. As part of this collaboration, Esharah will supply the TETRA communications system ...

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Business & Money | Monday 16 June, 2025 8:33 am

Almarai signs SAR 1.04B acquisition deal for Ival, Oska owner

Almarai Co. signed an agreement to acquire 100% of the shares of Pure Beverages Industry Co., the owner of Ival and Oska, in a deal valued at SAR 1.04 billion. In a statement to Tadawul, Almarai said Pure Beverages is a leading producer of premium bottled drinking water in Saudi Arabia and the ...

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Business & Money | Monday 16 June, 2025 8:30 am

Tasheel sets up fintech payroll processing firm in Saudi Arabia

United International Holding Co. (Tasheel) finalized the establishment of a new company, named Now Access, with SAR 10 million capital and a total investment of SAR 75 million. The new entity is specialized in providing payroll administration and processing services through fintech in the...

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Business & Money | Monday 16 June, 2025 8:28 am

ProMedEx inks MoU to establish JV in Saudi Arabia

Professional Medical Expertise Co. (ProMedEx) signed a non-binding memorandum of understanding (MoU) with Zhende Medical Co. Ltd and MedSurg FZ-LLC, according to a Tadawul statement. The move aims to establish a joint venture (JV) in Saudi Arabia to manufacture medical supplies and better...

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Business & Money | Monday 16 June, 2025 8:26 am

UAE’s GDP reached AED1,776 billion in 2024 with 4% growth

The UAE’s real gross domestic product (GDP) reached AED1,776 billion in 2024, marking a 4 percent increase compared to that of 2023. Non-oil GDP grew by 5 percent, totalling AED1,342 billion, while oil-related activities contributed AED434 billion to the overall economy. Abdulla bin...

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Business & Money | Monday 16 June, 2025 8:24 am

UAE leads globally in metrology as pillar of innovation, economic competitiveness

The UAE continues to advance its efforts to build a knowledge-based economy rooted in innovation and advanced technology, with metrology, the science of measurement, emerging as a key enabler of the country's future vision. It plays a vital role in enhancing quality of life, boosting industrial...

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Business & Money | Monday 16 June, 2025 8:21 am

Saudi Arabia’s NEOM Energy and Water Company wins global recognition for breakthrough in brine valorisation and water recovery

Saudi Arabia’s NEOM Energy and Water Company (ENOWA) has been named first runner-up in the Innovative Research and Development Award (International Institutions category) during the fourth cycle of the Mohammed bin Rashid Al Maktoum Global Water Award. The company was recognised for pioneering...

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Business & Money | Monday 16 June, 2025 8:19 am

Dubai Customs launches Masar33 to empower Emiratis in logistics

Dubai Logistics Academy has announced the launch of the first cohort of the "Certified Specialist in Customs and Trade Operations" program, developed in collaboration with (Nafis). This initiative is part of Dubai Customs' ongoing efforts to support a sustainable economic environment by empowering...

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