Business & Money | Wednesday 24 September, 2025 8:16 am

Tabreed, Johnson Controls enter agreement for development, supply of next generation cooling technology

Tabreed, the world’s leading district cooling company, and Johnson Controls, the global leader for smart, healthy and sustainable buildings, have signed a framework agreement to accelerate the development and deployment of next-generation cooling technologies. Tabreed is working on multiple...

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Business & Money | Wednesday 24 September, 2025 8:13 am

Kenzi Al Arabiya buys Jeddah land with Dar Al Arkan at market rates: Chairman

Kenzi Al Arabiya Co. purchased a land plot in Jeddah at market prices and in line with the real estate index in the targeted area, Chairman Abdulrahman Al Saawi said. The company is part of a consortium that acquired the SAR 4.5 billion site alongside Dar Al Arkan Real Estate Development...

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Business & Money | Wednesday 24 September, 2025 8:10 am

Azizi Developments Launches Azizi Lina in Dubai’s Downtown Jebel Ali

 Azizi Developments, one of the UAE’s leading private developers, has announced the unveiling of Azizi Lina, its latest freehold residential project strategically located in Downtown Jebel Ali. Positioned beside Jebel Ali Free Zone (JAFZA) — one of the world’s largest free zones and home ...

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Business & Money | Wednesday 24 September, 2025 8:08 am

Najm and Elm Sign a Partnership Agreement to Enhance Technological Systems and Data Exchange

Najm for Insurance Services has signed a cooperation agreement with Elm Company during its participation in the global Money20/20 Middle East conference, held in Riyadh from September 15 to 17. The agreement aims to establish a legal framework governing the relationship between the two...

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Business & Money | Wednesday 24 September, 2025 7:53 am

SNB Launches New SME Financing platform with Tarabut and Geidea

Saudi National Bank (SNB), the Kingdom’s largest financial institution, today announced plans to launch a first-of-its-kind Point-of-Sale (POS) lending solution for small and medium enterprises (SMEs). The solution is powered by Tarabut, MENA’s leading regulated financial...

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Business & Money | Wednesday 24 September, 2025 7:50 am

BYD plans ultra-fast EV charging expansion in Saudi Arabia, Gulf

BYD Co. Ltd. is stepping up its Gulf expansion efforts with a plan to deploy 500 to 1,000 ultra-fast electric vehicle (EV) charging stations, Executive Vice President (VP) Stella Li said. Under this plan, BYD will offer one-megawatt units in Saudi Arabia and the UAE that can deliver a...

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Business & Money | Wednesday 24 September, 2025 7:48 am

Farabi launches SAR 3.6B LAB production plant in Yanbu

Farabi Petrochemicals Co. inaugurated on Sept. 22 its fourth integrated linear alkyl benzene (LAB) plant in Yanbu Industrial City, with total investments of SAR 3.6 billion ($950 million). The new facility represents a significant addition to its production capacity, boosting annual output by...

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Business & Money | Monday 22 September, 2025 11:17 am

Cenomi Centers shareholders OK SAR 2.23B related-party deals

Arabian Centres Co.’s (Cenomi Centers) shareholders approved contracts and transactions with related parties totaling approximately SAR 2.23 billion for the fiscal year ended Dec. 31, 2024.Details of contracts and transactions: Related PartyValue of Transactions in 2024(SAR...

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Business & Money | Monday 22 September, 2025 9:23 am

Minister of Economy: UAE seeks to increase number of startups to more than two million by 2031

Abdullah bin Touq Al Marri, Minister of Economy and Tourism, affirmed that startups and entrepreneurs constitute a fundamental pillar in the UAE’s economic growth journey, noting that the country aims to increase the number of companies to more than two million by 2031. In statements to the...

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Business & Money | Monday 22 September, 2025 9:21 am

UAE signs MoUs with Seychelles, Uganda on auditing, oversight

The UAE Accountability Authority (UAEAA) signed two Memoranda of Understanding (MoUs) today, first with the Office of the Auditor General of the Republic of Seychelles, and the second with the Office of the Auditor General of the Republic of Uganda. According to a press release issued today,...

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