Business & Money | Sunday 5 July, 2026 7:27 pm

Sumou signs management contract with Arsh Real Estate

Sumou Real Estate Co. signed on July 1 a project development management contract with Arsh Real Estate on behalf of Arsh Real Estate Fund 3. In a statement to Tadawul, Sumou said it will receive a development management fee equal to 10% of construction costs, a marketing fee of 3% of...

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Business & Money | Sunday 5 July, 2026 2:16 pm

KPMG hold applications for Global Tech Innovator 2026 as Saudi startups eye the world stage

KPMG has opened applications for the sixth edition of its Global Tech Innovator (GTI) competition, the firm’s flagship search for ambitious technology companies in Saudi Arabia that are ready to scale beyond their home markets. Now in its sixth year, the GTI competition has become one of the ...

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Business & Money | Friday 3 July, 2026 12:18 pm

IsDBI and CIFCA Forge Strategic Partnership to Advance Islamic Finance in Tanzania

Baku, Azerbaijan - The Islamic Development Bank Institute (IsDBI) and the Tanzania-based Centre of Islamic Finance, Compliance and Advice (CIFCA) signed a Memorandum of Understanding (MoU) to strengthen cooperation in advancing Islamic finance, capacity development, professional certification,...

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Business & Money | Friday 3 July, 2026 11:25 am

How XM Took Football Season Marketing to the Extreme with a Wide Demo Competition Push

During one of the biggest football moments of the year, XM, also known in the region as XM Arabia, appeared to take a bold, multi-channel marketing approach, blending the energy of global football excitement with the competitive nature of online trading. From LED screen placements across...

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Business & Money | Friday 3 July, 2026 11:05 am

ICD Mobilizes Private Sector Funding for USD 60 Million Shariah-compliant Syndicated Financing Facility for Asakabank

ICD, acting as Mandated Lead Arranger and Bookrunner, has structured and closed a USD 60 million Shariah-compliant Syndicated Financing Facility for Joint Stock Company “Asakabank” (“Asakabank”) of Uzbekistan, with an accordion feature to increase the facility size.The facility is...

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Business & Money | Thursday 2 July, 2026 10:22 am

Retal signs SAR 123.8M deals with ROSHN to develop 163 units in Makkah

Retal Urban Development Co. signed, on July 1, two agreements with PIF-owned ROSHN Group to develop 163 residential units in AlManar Community in Makkah. In a Tadawul statement, the company said the deals value is SAR 123.83 million, noting that they are conditional agreements to purchase and...

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Business & Money | Thursday 2 July, 2026 8:00 am

Saudi Arabia ranks 1st globally in 2026 ICT Development Index

Saudi Arabia has ranked first globally in the 2026 ICT Development Index (IDI) issued by the International Telecommunication Union (ITU). The index evaluates the digital development of 159 economies through a range of indicators grouped under two main pillars, namely universal connectivity and...

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Business & Money | Thursday 2 July, 2026 8:00 am

DP World launches Egypt’s first integrated Logistics Distribution Centre at Sokhna Logistics Park

DP World today announced the launch of Egypt's first fully integrated Logistics Distribution Centre (LDC) at Sokhna Logistics Park, marking a significant milestone in the country’s logistics sector. The new facility enables international companies to access the Egyptian market while serving...

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Business & Money | Thursday 2 July, 2026 8:00 am

Sharjah Chamber, Ethiopian Consul-General explore strengthening economic partnership

The Sharjah Chamber of Commerce and Industry (SCCI) discussed plans to organise reciprocal trade missions between the emirate of Sharjah and the Federal Democratic Republic of Ethiopia. The move aims to strengthen direct business-to-business engagement and expand investment cooperation,...

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Business & Money | Thursday 2 July, 2026 8:00 am

NBQ, Sobha Realty, sing MoU to offer home financing solutions for off-plan projects

National Bank of Umm Al Qaiwain (NBQ) and Sobha Realty have signed a Memorandum of Understanding (MoU) to provide preferential mortgage and financing solutions for customers purchasing off plan residential units across Sobha Realty’s developments. The partnership reflects the commitment...

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