Business & Money | Monday 1 June, 2026 8:00 am

ADNEC Centre Abu Dhabi wins five global awards at Eventex 2026

The ADNEC Centre Abu Dhabi, the flagship venue of ADNEC Group, a Modon company, has won five global awards at Eventex 2026, one of the most prominent and renowned awards in the field of events, exhibitions, conferences, and experiential marketing worldwide. This accomplishment underscores its...

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Business & Money | Monday 1 June, 2026 8:00 am

UAE Fuel Price Committee announces prices for June

The UAE Fuel Price Committee has approved fuel prices for June 2026, with diesel prices recording a decline compared to the previous month, in a move that supports the stability of key sectors, particularly logistics and supply chains, thereby enhancing the competitiveness of the business...

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Business & Money | Monday 1 June, 2026 8:00 am

Dubai Chambers engages in series of meetings to strengthen trade, investment ties between Dubai, Ethiopia

Dubai Chambers has held a series of meetings with government entities, economic institutions, and investment organisations in Addis Ababa to explore ways of strengthening trade and investment between Dubai and Ethiopia. The meetings were attended by Mohammad Ali Rashed Lootah, President and...

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Business & Money | Monday 1 June, 2026 8:00 am

Dubai RTA digital revenue rises 20.6% to AED5.3 billion in 2025

Dubai’s Roads and Transport Authority (RTA) generated AED5.3 billion in revenue through digital channels in 2025, marking a 20.6 percent increase compared to 2024, reflecting growing adoption of digital services across its operations. Transactions completed through digital channels exceeded...

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Business & Money | Monday 1 June, 2026 8:00 am

DEWA commissions 1,994 11kV substations in 2025

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA commissioned 1,994 new 11kV substations in 2025, compared to 1,530 in 2024, representing an increase of more than 30 percent. Al Tayer said DEWA continues to expand and develop its...

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Business & Money | Monday 1 June, 2026 8:00 am

RCMC awards SAR 13.3B urban development projects

The Royal Commission for Makkah City and Holy Sites (RCMC) awarded six urban development sites in Makkah, covering a total area of more than 2.7 million square meters (sqm), with a combined value of SAR 13.3 billion. In a statement published on X, the commission said the projects are part of a ...

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Business & Money | Thursday 28 May, 2026 7:02 pm

The invisible technology behind contactless payment

Paying by bringing a card, smartphone, or watch close to the payment terminal may seem like an insignificant gesture: a beep, one (or several) green lights, and the purchase is done. But behind that single second lies a chain of technologies, standards, and controls that connect the merchant, the...

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Business & Money | Thursday 28 May, 2026 1:05 pm

How Dinero Pay Strengthened Its Payment Infrastructure for Saudi Arabia’s Growing Digital Economy

How Dinero Pay Strengthened Its Payment Infrastructure for Saudi Arabia’s Growing Digital Economy Saudi Arabia’s payments market is evolving quickly as merchants and consumers shift toward mobile wallets, alternative payment methods, and faster digital checkout experiences. For payment...

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Business & Money | Thursday 28 May, 2026 7:39 am

Saudi Aramco transfers PRefChem ownership to PETRONAS

Saudi Aramco and Petroliam Nasional Berhad (PETRONAS) today signed an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. Bhd. (collectively, “PRefChem”), located within the Pengerang Integrated Complex,...

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Business & Money | Thursday 28 May, 2026 7:37 am

Saudi Arabia set to launch Riyadh cooling project by 2027

Saudi Arabia is set to begin the Riyadh cooling project next year, to reduce asphalt and wall temperatures by 8-15°C through urban cooling technologies, Al Eqtisadiah newspaper reported.The project is pending completion of studies as well as final approvals. It aims to address heat islands across...

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