Business & Money | Sunday 2 November, 2025 2:30 pm

ENACT rallies global leaders to power AI era with reliable energy, bold investments

ADNOC, Masdar and XRG, today convened over 100 global leaders from the energy, technology, investment and government sectors at the ENACT Majlis in Abu Dhabi to advance the integrated solutions needed to ignite the twin engines of energy and artificial intelligence (AI) to accelerate global...

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Business & Money | Sunday 2 November, 2025 2:18 pm

Al Arabia inks 10-year deal to operate outdoor advertising billboards in AlUla

Arabian Contracting Services Co. (Al Arabia) signed a contract, on Oct. 30, with the Royal Commission for AlUla (RCU) to establish, operate, and maintain outdoor advertising billboards in AlUla. The company will also invest in specific sites in AlUla to establish various advertising...

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Business & Money | Sunday 2 November, 2025 2:08 pm

Jazan Chamber, Chinese firm sign EUR 10B deal to set automobile factory

Hazan Chamber of Commerce signed an agreement with China’s Xincheng Jiao Technology Co. to establish a modern automobile manufacturing plant. The Chamber stated in a post on X that the project will involve investments of approximately EUR 10 billion and will span 15 years under the...

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Business & Money | Sunday 2 November, 2025 10:52 am

Wesam Medical Holding Company Signs a Strategic Memorandum of Understanding with McLaren Health Care to Establish a Specialized Hematology and Oncology Hospital in the Kingdom of Saudi Arabia

Wesam Medical Holding, a Saudi healthcare investment company, has announced the signing of a strategic Memorandum of Understanding (MOU) with McLaren Health Care, one of the largest healthcare systems in the state of Michigan, United States, and operator of the Karmanos Cancer Institute, to...

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Environment & Energy | Friday 31 October, 2025 9:40 am

Aljomaih Energy and Water-led consortium achieves financial close for Jubail–Buraydah Water Transmission Project

SAR 8.5 billion independent pipeline project finalized in partnership with Buhur Investment Company and Nesma Group Aljomaih Energy and Water Company, in partnership with Buhur Investment Company and Nesma Group, announced the successful financial close of the Jubail–Buraydah Independent...

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Business & Money | Thursday 30 October, 2025 2:51 pm

ADNOC, Microsoft Powering Possible report: 88% of surveyed leaders say AI is essential to energy transformation

ADNOC and Microsoft today released the second edition of the Powering Possible report, highlighting the opportunities and challenges of AI adoption in the energy sector. More than 850 global experts across energy, technology, AI, academia and finance – including leaders from OpenAI,...

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Business & Money | Thursday 30 October, 2025 2:49 pm

TAQA announces sale of 250 MW Lignite-Based Power Plant in India

Abu Dhabi National Energy Company PJSC (TAQA) announced today the divestment of its 100 percent stake in TAQA Neyveli Power Company Private Limited (TAQA Neyveli) to MEIL Energy Private Limited, an affiliate of Megha Engineering & Infrastructures Limited (MEIL), an India-headquartered, large...

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Business & Money | Thursday 30 October, 2025 2:45 pm

UAE reiterates commitment to GCC economic cooperation

Abdullah bin Touq Al Marri, Minister of Economy and Tourism, headed the UAE delegation participating in the 69th meeting of the GCC Committee for Commercial Cooperation, held in Kuwait. The meeting discussed a range of topics aimed at strengthening economic and investment cooperation among...

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Business & Money | Thursday 30 October, 2025 2:43 pm

Abu Dhabi Investment Office to host DRIFTx 2025 in November

The Abu Dhabi Investment Office (ADIO) will host the second edition of DRIFTx, the emirate’s leading international exhibition showcasing the next generation of smart and autonomous mobility solutions, from 10th to 12th November. Held as part of the inaugural Abu Dhabi Autonomous Week (ADAW)...

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Business & Money | Thursday 30 October, 2025 2:36 pm

ADREC partners to advance blockchain in Abu Dhabi real estate

The Abu Dhabi Real Estate Centre (ADREC) today announced the signing of a strategic Memorandum of Understanding (MoU) with Technology Innovation Institute, VentureOne, Finstreet Limited, ADI DLT Foundation, and Advanced Real Estate Services. This landmark agreement establishes a comprehensive...

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