Business & Money | Thursday 23 October, 2025 12:53 pm

Adeer auctions Razon Al Musk hotel in Makkah for SAR 593.3M

Adeer Real Estate Co. announced the sale of Razon Al Musk hotel towers in Makkah, owned by Al Ahli Diyafa Real Estate Co., through a public auction held in Jeddah on Oct. 22. The property sold for SAR 593.3 million, Adeer said in a statement to Tadawul. The transaction is expected to have ...

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Business & Money | Thursday 23 October, 2025 12:40 pm

SISCO Holding’s GDI signs SPA to acquire Transcorp International for SAR 229.75M

Sustained Infrastructure Holding Co. (SISCO Holding) said its portfolio company, Green Dome Investments (GDI), signed a share purchase agreement (SPA) to acquire 100% of Transcorp International for AED 225 million (SAR 229.75 million). SISCO holds a 31.67% stake in GDI, the company said in a...

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Business & Money | Thursday 23 October, 2025 12:39 pm

Maaden signs SAR 391.1M EPCM deal with SABCO, Bechtel Australia

Saudi Arabian Mining Co. (Maaden) signed an engineering, procurement, and construction management (EPCM) services contract worth SAR 391.1 million ($104.3 million) with Saudi Arabian Bechtel Co. (SABCO) and Bechtel Australia Pty Ltd. In a statement to Tadawul, Maaden said the 39-month contract ...

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Business & Money | Wednesday 22 October, 2025 3:52 pm

78% of Middle East Women Business Leaders Confident in Growth, Yet Nearly Half Want Clearer AI and ESG Strategies: KPMG study

Female business leaders across the Middle East are turning global uncertainty into opportunity, with 78% expressing confidence in their companies’ growth prospects over the next three years. According to KPMG’s latest Middle East Female Leaders Outlook 2025 report, “A Call for Clarity,”...

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Business & Money | Wednesday 22 October, 2025 1:51 pm

‘Dubai Chamber’ trade missions reach 20 countries worldwide

Dubai Chamber of Commerce has expanded its trade missions to 20 countries worldwide, mainly across Asia and Africa, under its “New Horizons” initiative launched in early 2023 to support Dubai companies in exploring new global markets. Salem Alshamsi, Executive Vice President of...

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Business & Money | Wednesday 22 October, 2025 1:48 pm

Marjan, RAK Hospitality holding announce merger to shape future of Ras Al Khaimah

Marjan, the master developer of freehold properties in Ras Al Khaimah, and RAK Hospitality Holding (RAKHH), the government-owned investment and development arm in the emirate, have announced a landmark strategic merger to create a unified entity operating under Marjan. This strategic merger...

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Business & Money | Wednesday 22 October, 2025 1:45 pm

ADGM’s Numou launches ‘Procurement Financing’ initiative to enhance SME funding access

Numou, a subsidiary of ADGM, the international financial centre of Abu Dhabi, has launched Procurement Financing, a flagship initiative that enables SMEs with government or corporate contracts to seamlessly access funding. The new solution links guaranteed contract demand with accessible...

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Business & Money | Wednesday 22 October, 2025 1:41 pm

Dubai Chamber of Commerce organises 294 bilateral business meetings in Georgia

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has organised 294 bilateral business meetings between companies from Dubai and Georgia in Tbilisi, the country’s capital city. The meetings took place during the first leg of the chamber’s...

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Business & Money | Wednesday 22 October, 2025 1:39 pm

Ajman Chamber explores enhancing investments, trade exchange with Angola

Eng. Abdullah bin Mohammed Al Muwaiji, Chairman of Ajman Chamber, received Isabel Paula De Castro, Consul-General of the Republic of Angola in Dubai and the Northern Emirates, to discuss ways to enhance economic cooperation, develop reciprocal investments, and expand bilateral trade. Al...

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Business & Money | Wednesday 22 October, 2025 1:24 pm

Al-Quwaiz suggests reviewing foreign ownership next

Mohammed Al-Quwaiz, Chairman of the Capital Market Authority (CMA), said that after canceling the Qualified Foreign Investor (QFI) system and opening the main market (TASI) to all non-resident foreign investors, the next step will be reviewing foreign ownership limits, currently set at 10% per...

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