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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Business & Money | Wednesday 12 November, 2025 12:53 pm

Air Arabia reports record Q3 net profit of AED 656 million

Air Arabia (PJSC), the Middle East and North Africa's first and largest budget carrier operator, announced record financial and operational results for the third quarter and first nine months of 2025. Air Arabia’s net profit for the third quarter ending September 30, 2025, reached AED 656...

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Business & Money | Wednesday 12 November, 2025 12:35 pm

Empower commences operation of Deira Waterfront District Cooling Plant

Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, has commenced operations of its Deira Waterfront district cooling plant. The company stated that the plant has a total cooling capacity of 39,000 refrigeration tons (RT) and...

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Business & Money | Wednesday 12 November, 2025 9:22 am

Quara Finance officially launches digital financing solutions for ‘noon’ users

Quara Finance Co. announced the official launch of its partnership with noon E-commerce Marketing Solutions Co. (noon) on Nov. 11, whereby Quara offers financing services to users of noon platforms in the Kingdom. This follows the completion of a successful pilot phase, which began on Oct....

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Business & Money | Wednesday 12 November, 2025 9:22 am

Emirates REIT Announces Interim Dividend of USD 7.5 Million

Equitativa (Dubai) Limited has announced Emirates REIT’s intention to distribute an interim dividend of USD 7.5 million or USD 0.023499 per ordinary share for the six-month period ended 30 June 2025. The interim dividend represents the first dividend payment relating to the financial...

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