Business & Money | Monday 22 December, 2025 9:43 am

Abu Dhabi Finance Week 2025 receives over 35,000 attendees

Abu Dhabi Finance Week (ADFW) 2025 has attracted more than 35,000 participants during a week of dynamic discussions, announcements, and visionary collaboration that further reinforced Abu Dhabi’s position as a leading global financial hub. International participants accounted for more than...

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Business & Money | Monday 22 December, 2025 9:40 am

EGA to expand German aluminium recycling capacity more than six-fold

Emirates Global Aluminium (EGA) today announced a significant expansion of EGA Leichtmetall in Germany. The new facility, located near Hannover, will increase EGA Leichtmetall’s recycling capacity more than six-fold, adding 110 thousand tonnes per year of scrap sorting capacity and 153...

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Business & Money | Monday 22 December, 2025 9:40 am

International recognition for Barakah as ENEC wins ‘Excellence in Energy–Power’ Award at 2025 Platts Global Energy Awards

The Emirates Nuclear Energy Company (ENEC) has been named winner of the ‘Excellence in Energy-Power’ category at the 2025 Platts Global Energy Awards, hosted by S&P Global Commodity Insights in New York.This marks the first time in a decade an exclusively nuclear energy company has received ...

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Business & Money | Monday 22 December, 2025 9:35 am

MoF announces Cabinet Resolution on implementing reverse charge mechanism for VAT on scrap-metal trading

The Ministry of Finance (MoF) has announced the issuance of Cabinet Decision No. 153 of 2025 regarding the application of the reverse charge mechanism on trading of metal-scrap between registrants in the UAE, effective from 14th January 2026. The measures taken pursuant to the provisions of...

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Business & Money | Monday 22 December, 2025 9:28 am

DEWA awards AED289 million contract to expand Dubai’s Hassyan water transmission network

Dubai Electricity and Water Authority (DEWA) has awarded a new contract worth AED289 million for works to strengthen Dubai’s water transmission network connected to the Hassyan water plant, one of the world’s largest seawater reverse-osmosis projects. DEWA is developing the project under...

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Business & Money | Monday 22 December, 2025 9:26 am

UAE innovative policies strengthen new, circular economy pathways

The United Arab Emirates continues to advance the new economy as a core pillar of sustainable economic growth, driven by innovation, advanced technology and the knowledge economy, contributing to economic diversification and enhanced competitiveness across sectors including artificial intelligence, ...

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Business & Money | Monday 22 December, 2025 9:20 am

Korea's exports log 6.8% on-year gain during first 20 days of December

The Republic of Korea's exports grew 6.8 percent from a year earlier in the first 20 days of this month, mainly on the back of strong global demand for semiconductors, according to data from the Korea Customs Service on Monday. Outbound shipments reached US$43 billion in the 1st to 20th...

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Business & Money | Monday 22 December, 2025 8:59 am

Middle East M&A Activity Surges 260% Despite Market Volatility, Driven by Strategic Diversification and Digital Transformation

Middle Eastern mergers and acquisitions (M&A) have demonstrated remarkable resilience and strategic focus, with deal values surging 260% to $53 billion in the first nine months of 2025 compared to the same period last year. This exceptional growth comes despite experiencing its lowest levels...

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Business & Money | Monday 22 December, 2025 8:43 am

Cherry Trading secures SAR 250M credit facilities with Alinma Bank

Cherry Trading Co. signed today, Dec. 21, a Shariah-compliant credit facility deal worth SAR 250 million with Alinma Bank, according to a Tadawul filing. The three-year financing is covered by a promissory note and the assignment of proceeds. The loan will be utilized to purchase new...

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Business & Money | Monday 22 December, 2025 8:39 am

Eng. Ahmed bin Sulaiman Al Rajhi inaugurates the Entrepreneurship and Modern Business Practices Forum

His Excellency Eng. Ahmed bin Sulaiman Al Rajhi, the Minister of Human Resources and Social Development and Chairman of the Board of Directors of the Social Development Bank (SDB), inaugurated the second edition of the Entrepreneurship and Modern Business Practices Forum (DeveGo 2025), organized by ...

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