Business & Money | Thursday 4 December, 2025 9:15 am

Equipment House wins SAR 100M project from Health Ministry

Scientific and Medical Equipment House Co. (Equipment House) was awarded, on Dec. 3, a project valued at SAR 100 million, including VAT, by the Ministry of Health, the company said in a statement to Tadawul. The project entails renovating and developing the infrastructure of King Fahd...

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Business & Money | Wednesday 3 December, 2025 8:36 pm

Black Hat MEA Surges Through Day Two as the World’s Largest Capture the Flag Competition Takes Centre Stage

Black Hat MEA lit up Riyadh again for day two, pulling the global cybersecurity community deeper into the core questions shaping 2026. Thousands of specialists, founders, CISOs and researchers were in attendance to discuss the next trends in cybersecurity. Across the Executive Summit, Briefings and ...

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Business & Money | Wednesday 3 December, 2025 2:55 pm

AMMROC signs three strategic MoUs with Arab Organisation for Industrialisation in Egypt at EDEX 2025

The Advanced Military Maintenance, Repair and Overhaul Centre (AMMROC) has signed three strategic Memoranda of Understanding (MoUs) with the Arab Organisation for Industrialisation (AOI), represented by its leading industrial facilities in Egypt. The agreements aim to strengthen cooperation in ...

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Business & Money | Wednesday 3 December, 2025 2:53 pm

DAE signs long-term lease agreements with AJet for 10 Boeing 737-8 Aircraft

Dubai Aerospace Enterprise (DAE) Ltd today announced that it has signed long-term lease agreements with AJet and Turkish Airlines for 10 new Boeing 737-8 aircraft. The aircraft are scheduled to deliver in 2026 and 2027. Commenting on the agreement, Firoz Tarapore, Chief Executive Officer of...

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Business & Money | Wednesday 3 December, 2025 2:51 pm

Masdar City Free Zone opens 1st representative office in China

Masdar City Free Zone (MCFZ) has expanded its international footprint with the opening of its first representative office in China, a bold step that reinforces Abu Dhabi’s position as a global hub for innovation and sustainable economic growth. In collaboration with the Abu Dhabi Investment...

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Business & Money | Wednesday 3 December, 2025 12:03 pm

Dubai Chamber of Commerce launches Cyprus Business Council

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the establishment of the Cyprus Business Council. The new council is dedicated to expanding cooperation between the business communities in Dubai and Cyprus, deepening trade and...

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Business & Money | Wednesday 3 December, 2025 11:58 am

Red Sea signs SAR 266M contract with Baker Hughes Saudi

Red Sea International Co. signed a contract with Baker Hughes Saudi Arabian Co. Ltd. to design, manufacture, supply, and operate accommodation facilities in the Eastern Province. The project seeks to support oil and gas exploration activities in the region, Red Sea said in a statement to...

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Business & Money | Wednesday 3 December, 2025 11:51 am

Saudi Arabia shifts from economic cycle: Al-Jadaan

Saudi Finance Minister Mohammed Al-Jadaan said the Kingdom spent four decades facing fiscal-policy challenges, mainly because government spending rose and fell with the economic cycle, tracking oil prices and activity, which caused unwanted volatility. At a panel on sustainable development in...

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Business & Money | Wednesday 3 December, 2025 11:48 am

Dubai real estate’s record run continues as 2025 property sales climb to AED624.1 billion

The Dubai real estate market continued on its record-breaking surge in 2025, with November pushing the total number of property deals past the previous full-year peak, with a month still remaining. A market report issued by fäm Properties today shows that last month produced 19,019...

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Business & Money | Wednesday 3 December, 2025 11:46 am

“Soudah Development” and “National Grid” Sign SAR 1.3 Billion Agreement to Power Soudah Peaks

 Soudah Development, a Public Investment Fund (PIF) company, chaired by HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, has signed a landmark agreement with National Grid, a Subsidiary of the Saudi Electricity Company, valued at more than...

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