Business & Money | Monday 25 August, 2025 12:39 pm

E-commerce accounts for 29% of retail payments: Al-Kassabi

E-commerce made up 29% of total consumer retail payments in 2024, with more than 87 million shipments recorded, according to Minister of Commerce Majid Al-Kassabi. Speaking at a meeting with business leaders, entrepreneurs, and investors in the Aseer region, Al-Kassabi highlighted that the...

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Business & Money | Monday 25 August, 2025 11:12 am

Saudi Arabia hosts 1,900 food factories with SAR 88B investments: Industry Ministry

The Ministry of Industry and Mineral Resources said that Saudi Arabia hosts a robust food manufacturing base, comprising over 1,900 food factories with total investments exceeding SAR 88 billion. The Kingdom eyes attracting additional investments of SAR 78 billion by 2035, focusing on...

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Technology & IT | Monday 25 August, 2025 10:32 am

UAE Cyber Security Council: Over 12,000 Wi-Fi breaches recorded in UAE since start of year

The UAE Cyber Security Council (CSC) has warned of the serious risks posed by using open and untrusted public Wi-Fi networks, revealing that more than 12,000 breaches have been recorded through such networks in the country since the beginning of this year. According to the Council, these...

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Technology & IT | Monday 25 August, 2025 10:04 am

Al Seer Marine unveils AI transformation strategy

Al Seer Marine, a frontrunner in advanced maritime solutions and a subsidiary of IHC, has announced the roll-out of its comprehensive AI transformation strategy. This initiative positions AI at the core of the company’s next growth chapter, introducing smarter systems to advance automation...

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Business & Money | Monday 25 August, 2025 10:02 am

TAQA to expand global water platform through US$1.2 billion Acquisition of GS Inima

Abu Dhabi National Energy Company (TAQA) today announced that it has signed an agreement to acquire a 100% interest in GS Inima, a global leader in water treatment and water desalination, from GS Engineering & Construction. The transaction, valued at approximately US$1.2 billion, will...

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Business & Money | Monday 25 August, 2025 10:00 am

Creators HQ attracts 2,415 active members from 147 countries with combined following of over 2 billion

Creators HQ, the first headquarters for content creators in the UAE and the Middle East, has seen a strong response from top content creators. In six months, it attracted 2,415 active members from 147 countries as part of its strategy to position the UAE as the global capital of the content...

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Business & Money | Monday 25 August, 2025 9:56 am

Cityscape Global to showcase major opportunities following Saudi Arabia’s landmark Foreign Homeownership Law

Cityscape Global 2025, the world’s most attended real estate event, will serve as the premier platform to explore the transformative impact of Saudi Arabia’s newly approved foreign homeownership law. The announcement, which opens designated zones across the Kingdom to foreign property ownership ...

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Business & Money | Monday 25 August, 2025 9:48 am

Cityscape Global 2025 to Highlight AI and PropTech’s Potential to World’s Leading Real Estate Players

Cityscape Global 2025, the world’s most attended real estate event, will place Artificial Intelligence and technology at the heart of its agenda this November, showcasing how innovation is reshaping the built environment globally, and enabling the GIGA projects and mega developments that are part ...

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Business & Money | Monday 25 August, 2025 9:38 am

MoneyGram Expands Collaboration with Tahweel Alrajhi to Strengthen Receive Network Across Saudi Arabia

MoneyGram, a leading global payments and money transfer company, today announced a significant expansion of its receive network in Saudi Arabia through an enhanced partnership with Tahweel Alrajhi, the remittance arm of alrajhi bank – one of the Kingdom’s largest and most trusted financial...

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Business & Money | Monday 25 August, 2025 9:00 am

SRC launches Saudi Arabia's 1st RMBS transaction

Saudi Real Estate Refinance Co. (SRC) launched the first-ever residential mortgage-backed securities (RMBS) transaction in the Kingdom. This landmark transaction is part of SRC’s efforts to develop the local market and enhance liquidity in the real estate finance sector by introducing, for...

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