Business & Money | Thursday 13 November, 2025 2:52 pm

Al Tamimi & Company Advises Global Infrastructure Partners on Landmark US$11 Billion Investment in Saudi Arabia’s Jafurah Gas Processing Facilities

 Al Tamimi & Company has advised Global Infrastructure Partners (GIP), a BlackRock investment fund, on its acquisition of a 49% interest in the Jafurah gas processing facilities in Saudi Arabia from Aramco, through an investment in Jafurah Midstream Gas Company. The transaction, valued at...

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Business & Money | Thursday 13 November, 2025 2:25 pm

GACA signs MoU with Joby Aviation to speed up air taxi certification

Joby Aviation, a New York Stock Exchange (NYSE)-listed company developing electric air taxis, signed a memorandum of understanding (MoU) with Saudi Arabia’s General Authority of Civil Aviation (GACA) to accelerate the certification and rollout of air taxis in the Kingdom. In a statement, the ...

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Business & Money | Thursday 13 November, 2025 2:23 pm

EIF launches Riyadh Shooting Range development with investment exceeding SAR 491M

The Events Investment Fund (EIF) launched the Riyadh Shooting Range and Entertainment Complex, its first major development project, with an investment exceeding SAR 491 million (over $131 million). Located 40 minutes from Riyadh in Qiddiya, the Kingdom’s new global entertainment hub, the...

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Business & Money | Wednesday 12 November, 2025 4:13 pm

DATE 2025 to spotlight the region’s most powerful tech voices and ventures

MadinatJumeirah will host DATE — a Digitization, AI & Emerging Technology Summit, where technology meets investment and deals take shape. An initiative by Trescon, D DATE will bring together government leaders, global innovators, investors, and technology visionaries to explore how emerging...

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Business & Money | Wednesday 12 November, 2025 2:31 pm

Steel powers MENA’s $3 trillion industrial transformation as global leaders gather at Fastmarkets Middle East Iron & Steel in Dubai

Amid an unprecedented industrial transformation, steel remains the foundation of MENA’s next growth chapter. With over $3 trillion in active and planned projects and annual regional steel consumption forecast to surpass 65 million tonnes by 2027, the region is cementing its position as a driving...

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Business & Money | Wednesday 12 November, 2025 2:24 pm

Azizi Developments’ Azizi Grand reaches 67% construction milestone

Azizi Developments, a leading private developer in the UAE, has announced that construction at Azizi Grand in Dubai Sports City has now reached 67%. The 431-unit project remains on track for its Q1 2026 completion. The structure is now complete, with blockwork at 97% and internal plastering at ...

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Business & Money | Wednesday 12 November, 2025 2:14 pm

RAKEZ teams up with Emirates NBD to streamline business banking for investors

 Ras Al Khaimah Economic Zone (RAKEZ) has teamed up with Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, to streamline access to corporate banking services for SMEs and larger enterprises within the RAKEZ ecosystem.  The...

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Business & Money | Wednesday 12 November, 2025 1:24 pm

Soudah Development signs agreement with global professional services leader WSP to develop regional planning framework for Soudah and parts of Rijal Almaa

Soudah Development, a Public Investment Fund company chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, has signed a strategic agreement with WSP, a world leading professional services firm, uniting its engineering, advisory and...

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Business & Money | Wednesday 12 November, 2025 1:21 pm

TDF announces SAR 2.9B projects at TOURISE

The Tourism Development Fund (TDF) announced a portfolio of strategic projects and partnerships worth a total of SAR 2.9 billion on the first day of the TOURISE Summit 2025. The Fund unveiled five integrated tourism projects comprising a total of 1,211 hotel keys, including the Jared Aseer,...

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Business & Money | Wednesday 12 November, 2025 12:56 pm

AD Ports Group collaborates with Eurasian Economic Commission to explore cooperation

AD Ports Group is collaborating with the Eurasian Economic Commission (EEC), the executive body of the Eurasian Economic Union to explore cooperation in transport, infrastructure, and digitalisation of logistics in the EEU region. The collaboration plan was formalised by Arzybek Kozhoshev,...

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