Business & Money | Monday 18 August, 2025 12:00 pm

Riyadh Air, SATS Saudi Arabia tie-up to provide cargo handling services

Riyadh Air, the Kingdom’s new national carrier, signed a five-year strategic partnership with SATS Saudi Arabia Co., a subsidiary of SATS Ltd (SATS), to provide comprehensive cargo handling services at key airports across the Kingdom. The agreement includes major cargo operations at the...

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Business & Money | Monday 18 August, 2025 12:00 pm

IFZA launches new Free Zone in Panama

IFZA, one of the world’s most dynamic and fastest-growing Free Zone communities, has announced the launch of IFZA Panama, a landmark step in its global expansion strategy. The new Free Zone in Panama City marks IFZA’s first physical presence in Latin America and reinforces its commitment...

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Business & Money | Monday 18 August, 2025 12:00 pm

Awqaf Dubai’s endowment shares portfolio surpasses AED9 million in H1

The Endowments and Minors’ Trust Foundation in Dubai (Awqaf Dubai) announced that the value of its endowment shares portfolio surpassed AED9 million by the end of the first half of 2025, marking a 4.7 percent increase from the same period last year. According to a report by Awqaf Dubai’s...

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Business & Money | Monday 18 August, 2025 12:00 pm

UAE firm begins construction of 50 MW solar project in Central African Republic

UAE-based Global South Utilities (GSU), a Resources Investment Company, has officially broken ground on a 50-megawatt solar photovoltaic (PV) power plant in Sakaï, Central African Republic (CAR), marking a major step forward in the country’s energy access and clean energy transition. The...

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Business & Money | Monday 18 August, 2025 12:00 pm

Education Interface announces success of inaugural edition of National Youth Finance Pioneers programme

Education Interface has announced the landmark success of the inaugural edition of the National Youth Finance Pioneers (NYFP) programme, developed under its initiatives in partnership with First Abu Dhabi Bank (FAB) and with the support of the Ministry of Education (MoE), and held under the...

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Business & Money | Monday 18 August, 2025 12:00 pm

Masdar allocates over US$1.685 billion of green bond proceeds

Abu Dhabi Future Energy Company PJSC (Masdar), a global clean energy leader, today published its 2024 Green Finance Report, outlining the renewable energy projects financed by Masdar’s green bond issuances and impacts achieved. More than US$1.685 billion in green bond proceeds from 2023 and...

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Business & Money | Monday 18 August, 2025 12:00 pm

Nakheel awards AED2.6 billion contract for Bay Villas project in Dubai

Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth AED2.6 billion to Fibrex Contracting for the construction of the Bay Villas project at the Dubai Islands. Featuring 636 luxury units across five distinct property types, Bay Villas represents Nakheel's newest...

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Business & Money | Monday 18 August, 2025 12:00 pm

Gross banks’ assets reach AED4,878.3 billion at end of May 2025: CBUAE

The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.4%, from AED1,011.9 billion at the end of April 2025 to AED1,015.6 billion at the end of May 2025. The increase was due to AED3.4 billion growth in monetary deposits, and AED0.3 billion increase in currency ...

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Business & Money | Monday 18 August, 2025 8:57 am

Renting in Saudi Arabia: Contracts, Deposits, and What to Check Before You Sign

Renting a property in Saudi Arabia can be a smooth experience if you understand the process, legal requirements, and market norms. Whether you are a local resident or an expatriate moving for work, the rental system has specific rules that protect both tenants and landlords. Platforms like Bayut...

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Technology & IT | Sunday 17 August, 2025 3:45 pm

HONOR Announces Pre-Orders for HONOR Magic V5 in the Saudi Market The all-new foldable sets new benchmarks in design, battery, durability, and AI innovation

HONOR a global leading AI device ecosystem company has officially opened pre-orders for the much-anticipated HONOR Magic V5 across the Middle East and Africa. This announcement follows a successful regional launch event held in Dubai under the theme “Unfold New Possibilities”, which garnered...

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