Business & Money | Wednesday 24 December, 2025 9:30 am

Masdar to develop Southeast Asia’s largest floating solar plant

Abu Dhabi Future Energy Company PJSC – Masdar has announced its first project in Malaysia, with the signing of a power purchase agreement (PPA) to develop a 200-megawatt (MW) floating solar photovoltaic (PV) project at the Chereh Dam in Pahang State. The project will be developed by a...

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Business & Money | Wednesday 24 December, 2025 9:27 am

Empower: Sustainable district cooling systems underpin Dubai’s new vertical expansion

Dubai continues to consolidate its position as one of the world’s most advanced cities in urban planning, guided by a comprehensive vision that extends beyond constructing skyscrapers to encompass smart infrastructure designed to support growth efficiently and sustainably. As vertical expansion...

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Business & Money | Wednesday 24 December, 2025 9:25 am

‘Future Partners’ helps turn innovative ideas into real projects

The Sharjah Economic Development Department hosted a "Future Partners" event at the Sharjah Holy Quran Academy. The session aimed to create chances for collaboration and build new partnerships among investors in the commercial and industrial sectors. The event provided a welcoming space...

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Business & Money | Wednesday 24 December, 2025 9:21 am

IHC strengthens digital services portfolio with majority acquisition of Peko Holdings

IHC Tuesday announced that it has successfully acquired a 70% stake in Peko Holdings Limited, a technology-driven company delivering an integrated digital platform designed to simplify and automate core business operations. Peko is an all-in-one digital platform purpose-built to help...

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Business & Money | Wednesday 24 December, 2025 9:15 am

Red Sea signs SAR 202.8M services contract for Trojena project

Red Sea International Co. signed today, Dec. 23, a contract with Webuild S.p.A. to provide integrated facilities management services (operations and maintenance) for the Trojena project (NEOM), valued at SAR 202.8 million, excluding value-added tax (VAT). In a statement to Tadawul, the company ...

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Business & Money | Wednesday 24 December, 2025 9:09 am

Cabinet: Saudi-Qatar electric rail to boost tourism, economy

Saudi Arabia’s Cabinet affirmed, in a session held today, Dec. 23, chaired by King Salman bin Abdulaziz, that the high-speed electric railway project linking the Kingdom and Qatar will support mobility and enhance tourism and economic activity. The Cabinet said the project will become one of ...

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Business & Money | Wednesday 24 December, 2025 9:06 am

MIS wins project with HUMAIN worth over 155% of 2024 revenues

Al Moammar Information Systems Co. (MIS) secured today, Dec. 23, a project to design and build a private data center dedicated to artificial intelligence (AI) technologies with HUMAIN Co. The project’s value exceeds 155% of MIS’ total revenues for 2024, including value-added tax (VAT),...

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Business & Money | Tuesday 23 December, 2025 4:02 pm

Aljazira Bank Launches Its New Brand Identity Under the Slogan “Wealth Grows Here”

Aljazira Bank announced the launch of its new brand identity under the slogan “Wealth Grows Here,” marking a natural evolution in a growth journey spanning more than five decades. Over the years, successive phases of transformation have shaped the Bank into what it is today, with the new...

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Business & Money | Tuesday 23 December, 2025 1:34 pm

Sharjah Coop Adopts LEAFIO Solutions to Enhance Space Efficiency and Automate Merchandising Processes

Sharjah Coop has signed a strategic cooperation agreement with LEAFIO, a global provider of AI-powered retail solutions specializing in automation platforms, supply chain optimization, and in-store merchandising management. This step reinforces the Coop’s ongoing commitment to strengthening its...

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Business & Money | Tuesday 23 December, 2025 1:31 pm

EA shareholders nod $55B PIF-led takeover: Report

Shareholders of video game company Electronic Arts (EA) approved the sale of the company to a consortium led by the Public Investment Fund (PIF) in a deal valued at $55 billion. According to Bloomberg, shareholders approved the acquisition at a price of $210 per share during a vote held on...

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