Business & Money | Monday 22 December, 2025 8:11 am

Lucid to transition from assembly to full vehicle manufacturing in Saudi Arabia: ME President

Lucid Motors currently has between seven and eight completed buildings in Saudi Arabia, laying the groundwork for the next phase: transitioning from vehicle assembly to a full production unit where cars are produced entirely within the Kingdom for export purposes, said Faisal Sultan, President of...

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Business & Money | Monday 22 December, 2025 8:04 am

Care signs SAR 392M contract for hospital works in Al Narjis district

National Medical Care Co. (Care) signed today, Dec. 21, a contract with BEC Arabia Contracting Co. to execute mechanical, electrical, and plumbing (MEP) works, as well as finishing works, for the first phase of the Care Medical Hospital project in the Al-Narjis district, Riyadh. In a...

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Business & Money | Monday 22 December, 2025 8:01 am

Rawasi Albina signs MoU with Chinese firm to develop cabin manufacturing tech

Nomu-listed Rawasi Albina Investment Co. signed today, Dec. 21, a memorandum of understanding (MoU) with China-based Ningbo Spring System Integration Co. to strengthen cooperation in providing infrastructure business solutions across key sectors, including telecommunications, electricity, and...

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Business & Money | Sunday 21 December, 2025 11:44 am

RAKEZ signs strategic MoU with Russia-UAE Business Council to strengthen bilateral trade and investment cooperation

Ras Al Khaimah Economic Zone (RAKEZ) has signed a strategic Memorandum of Understanding (MoU) with the Russia-UAE Business Council (RUBC) to strengthen cooperation, expand bilateral trade and support long-term partnerships between businesses in Russia and the UAE. The agreement was formalised...

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Business & Money | Sunday 21 December, 2025 11:41 am

Medical & Motor to Power UAE Insurance Growth in 2026, Says Sukoon Insurance as It Marks 50 Years of Regional Leadership

Sukoon Insurance, celebrating 50 years of shaping the UAE insurance landscape, expects medical and motor lines to drive insurance sector growth in 2026. The outlook is supported by strong economic momentum, population expansion and accelerating digital transformation. Hammad Khan, Interim CEO...

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Business & Money | Sunday 21 December, 2025 11:40 am

PureHealth Launches Smart Energy Project to Cut Carbon Emissions by 36,000 Tonnes Over Seven Years

 PureHealth, the largest healthcare group in the Middle East, has launched a new energy efficiency and monitoring project in collaboration with smart building analytics company EPX. The initiative will reduce operational emissions by more than 36,000 tonnes of CO₂ equivalent over seven years ...

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Business & Money | Sunday 21 December, 2025 11:32 am

Dubai Courts Wins the Kuwait Creativity Award, in its thirteenth edition, in the Government Communication Category Among 1,846 Entries

Dubai Courts has won the Kuwait Creativity Award, in its thirteenth edition, in the Government Communication category—an eminent regional achievement that reflects its institutional leadership and sustained excellence in advancing modern government communication systems. The award is recognized...

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Business & Money | Sunday 21 December, 2025 11:31 am

Aljadaan says financial oversight law reflects fundamental shift in oversight methodology

Finance Minister Mohammed Al-Jadaan said that the Financial Oversight Law reflects a fundamental shift in the oversight methodology. In remarks delivered during the Financial Oversight Forum, the minister sees that it is an upgrade to the legislative framework governing financial operations in ...

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Business & Money | Sunday 21 December, 2025 9:16 am

Alfanar Engineering Services Appoints Eng. Amer Al Ajmi as Chief Executive Officer

Alfanar Engineering Services, a key division of Alfanar Projects, has announced the appointment of Eng. Amer Al Ajmi as the new Chief Executive Officer, marking the beginning of a new era of growth and innovation. This strategic move reflects the company’s ongoing commitment to strengthening its...

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Business & Money | Sunday 21 December, 2025 9:08 am

Saudi Arabia emerges as global model for economic development: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef affirmed that Saudi Arabia has become a global model for economic development and for building a diversified economy.   He noted that the Kingdom’s industrial environment is among the most attractive for investment,...

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