Business & Money | Friday 28 November, 2025 1:31 pm

Nasdaq Dubai welcomes $500 million Sukuk listing by Sharjah Islamic Bank

Nasdaq Dubai has welcomed the listing of a US$500 million Sukuk by Sharjah Islamic Bank (SIB), issued under its US$3 billion Trust Certificate Issuance Programme. The five-year Sukuk, maturing in November 2030, carries a profit rate of 4.6 percent. The issuance attracted strong demand from...

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Business & Money | Friday 28 November, 2025 1:25 pm

National Building subsidiary renews SAR 127M credit facility with Al Rajhi Bank

National Building and Marketing Co.’s (NBM) subsidiary, Ajeej Steel Manufacturing Co., renewed today, Nov. 27, a Shariah-compliant banking facilities agreement worth SAR 127 million with Al Rajhi Bank, according to a statement on Tadawul. The financing is secured by guarantees of debt...

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Business & Money | Friday 28 November, 2025 1:22 pm

Opening Nomu to new investor categories to boost liquidity, spur trading: Elkuwaiz

Mohammed Elkuwaiz, Chairman of the Capital Market Authority (CMA), said that the regulator’s decision to allow new categories of qualified investors to enter the Nomu-Parallel Market is expected to provide more resilience in the market without compromising the integrity of trading...

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Business & Money | Friday 28 November, 2025 1:20 pm

ACWA Power secures financial close for 2 wind, 5 solar projects in Saudi Arabia

ACWA Power Co. announced the financial close of two major wind power projects, Starah and Shaqra, located in the central region of Saudi Arabia, with production capacities of 2,000 MW and 1,000 MW, respectively, according to a Tadawul statement today. The financing amounts to SAR 5.44 billion...

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Business & Money | Friday 28 November, 2025 1:18 pm

SERA introduces consumer protection framework

Saudi Electricity Regulatory Authority (SERA) launched today, Nov. 27, its new consumer protection framework, in an event attended by Minister of Energy Prince Abdulaziz bin Salman. According to a statement published on the authority’s X account, SERA Governor Abdullah Al Bishi said the...

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Business & Money | Thursday 27 November, 2025 3:27 pm

Middle East Emerging as a Key AI Data Center Nexus, Finds New BCG Report Launched at MWC Doha 2025

Boston Consulting Group (BCG) today announced the launch of its new report, “AI Data Centers: An Opportunity in the Middle East”, during the sidelines of MWC Doha 2025, revealing that the Middle East is rapidly positioning the region as a rising global nexus for AI data center investment and...

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Business & Money | Thursday 27 November, 2025 12:00 pm

Modon Holding announces a strategic investment in Wellington Lifestyle Partners, expanding its global portfolio in luxury lifestyle destination development

Abu Dhabi-based Modon Holding P.S.C (“Modon”) today announced a strategic investment in Wellington Lifestyle Partners (“WLP”), joining a consortium of existing investors in the company.  Modon’s investment will support the long-term development of Wellington International...

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Business & Money | Thursday 27 November, 2025 12:00 pm

EmiratesGBC Celebrates Regional Excellence at 2025 MENA Green Building Awards

 Emirates Green Building Council (EmiratesGBC), a professional non-profit organization dedicated to advancing green building principles in the UAE, recognized and celebrated excellence and best practices in the built environment at the MENA Green Building Awards 2025. Organized in association...

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Business & Money | Thursday 27 November, 2025 12:00 pm

Automechanika Dubai to showcase the UAE’s drive to decarbonisation through alternative energy vehicles

As electric vehicle (EV) adoption in the UAE continues to accelerate at pace, supported by forward-looking government strategies, underscored by the UAE Net Zero 2050 Strategy, corporate fleet electrification, and consumers increasingly opting for smarter, technology-first vehicles, Automechanika...

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Business & Money | Thursday 27 November, 2025 12:00 pm

Msheireb Properties Wins Inc. Arabia Best in Business Award for Smart Cities and Urban Innovation

 Msheireb Properties' flagship development, Msheireb Downtown Doha, has won the Inc. Arabia Best in Business Award 2025 in the Smart Cities and Urban Innovation category. Recognising visionary businesses that redefine industries through innovation, impact, and leadership, the award was...

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