Business & Money | Tuesday 6 October, 2026 5:19 pm

Elm renews SAR 500M credit facility deal with Al Rajhi Bank

Elm Co. renewed a Shariah-compliant credit facility worth SAR 500 million with Al Rajhi Bank, according to a statement to Tadawul on Oct. 6. The 12-month facility is secured by a promissory note for the full amount of the financing. The funds will be used to finance working capital and...

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Business & Money | Tuesday 6 October, 2026 5:11 pm

SRC acquires 3rd mortgage portfolio from BSF

Saudi Real Estate Refinance Co. (SRC), a unit of the Public Investment Fund (PIF), signed an agreement to acquire a residential mortgage portfolio from Banque Saudi Fransi, which is the third deal of its kind between the two parties. The agreement builds on the cooperation between the company...

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Business & Money | Tuesday 6 October, 2026 5:03 pm

5.8M barrels currently transported through East-West pipeline: Abdulaziz bin Salman

Prince Abdulaziz bin Salman, Minister of Energy and Minister of Industry and Mineral Resources, said that 5.8 million barrels are currently transported through the East-West Pipeline. Speaking at the Made in GCC Forum & Exhibition in Bahrain, the Prince said there are clear directives to...

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Business & Money | Tuesday 6 October, 2026 9:24 am

ISA Saudi Automation Conference 2026 (ISA SAC 2026) will take place from 12–14 October 2026 at Kempinski Al Othman Hotel, Al Khobar, Saudi Arabia.

Organized by the ISA Saudi Arabia Section, with Saudi Aramco as Principal Sponsor, the three-day conference will bring together automation specialists, engineers, technology providers, researchers and industry professionals to explore developments in industrial automation, digital transformation...

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Business & Money | Monday 5 October, 2026 7:08 pm

Sharjah Chamber visits Badami Holding Group to strengthen private-sector competitiveness

harjah Chamber of Commerce and Industry (SCCI) conducted a field visit to Badami Holding Group, a global leader in automotive spare parts distribution, supply chain solutions and logistics, to gain insights into its operations and future growth plans. The visit also explored how the Chamber's...

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Business & Money | Monday 5 October, 2026 7:04 pm

Dubai CommerCity launches AED1.8 billion expansion to accelerate future commerce, digital economy growth

Dubai CommerCity (DCC), the region's first free zone dedicated exclusively to digital commerce and a joint venture between the Dubai Integrated Economic Zones Authority (DIEZ) and Wasl Group, continues to strengthen its position as an integrated platform supporting the growth of the digital economy ...

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Business & Money | Monday 5 October, 2026 6:58 pm

ADNOC signs agreement with Gulf Group to supply up to 2 million tonnes of LNG to Thailand

ADNOC today announced the signing of a multi-year Sales and Purchase Agreement (SPA) with Gulf Group, Thailand’s leading energy and infrastructure conglomerate, for the supply of liquefied natural gas (LNG) into Asia. The agreement was enabled by ADNOC's LNG marketing and trading platform,...

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Business & Money | Monday 5 October, 2026 6:56 pm

UAE Financial Intelligence Unit, VARA sign MoU to strengthen cooperation in combating financial crime

The UAE Financial Intelligence Unit (UAE FIU) and the Virtual Assets Regulatory Authority (VARA) have signed a Memorandum of Understanding (MoU) to enhance the exchange of information and expertise and strengthen joint coordination in combating financial crime involving virtual assets, supporting...

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Business & Money | Monday 5 October, 2026 6:54 pm

ADNEC Centre Abu Dhabi ready to host Global Food Week and AI Everything 2026

ADNEC Group, a Modon company, has confirmed the readiness of ADNEC Centre Abu Dhabi to host two major international events from tomorrow: the largest edition of Global Food Week 2026 and AI Everything 2026. The preparations underscore the Group's continued commitment to delivering world-class...

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Business & Money | Monday 5 October, 2026 6:50 pm

Crescent Enterprises, TVS Automobile Solutions announce strategic partnership to accelerate myTVS growth across India, UAE, MENA

Crescent Enterprises and TVS Automobile Solutions (TVS ASL) today announced a strategic partnership to support myTVS’ next phase of growth across India, the UAE and wider Middle East and North Africa (MENA). As part of the partnership, Crescent Enterprises has led a US$ 45 million Series D...

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