Business & Money | Tuesday 12 May, 2026 2:14 pm

DCIIS UAE launches its 2026 Edition, unveiling a new era for Data Centre Innovation in the Region

Advanced Conferences & Meetings (ACM) proudly announces the official launch of the 2026 Data Centre & Infrastructure Innovation Summit (DCIIS UAE), taking place 29 - 30 June 2026 at Dusit Thani Dubai. As the UAE accelerates its national digital transformation agenda and aims to double its...

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Business & Money | Tuesday 12 May, 2026 1:08 pm

Royal Commission for AlUla Signs Investment Agreement with National Company for Learning and Education

The Royal Commission for AlUla (RCU) has signed an investment agreement with the National Company for Learning and Education (NCLE) to lease, operate, and develop an educational complex in AlUla through Trbyh Namouthajyah Schools, with the aim of contributing to enhancing the quality of education...

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Business & Money | Tuesday 12 May, 2026 1:06 pm

Saudi EXIM Signs Cooperation Agreement with Alinma Bank

The Saudi Export-Import Bank (Saudi EXIM) signed a cooperation agreement with Alinma Bank to issue bank guarantees that support local SMEs in securing the financing needed to complete and expand their export operations.Under the agreement, Saudi EXIM will allocate a SAR500 million credit facility...

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Business & Money | Tuesday 12 May, 2026 1:05 pm

GCC Secretary-General: GCC and UK Commerce Ministers Commend Progress in Free Trade Agreement Negotiations

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi stated that the commerce ministers of the GCC member states and the United Kingdom have commended the significant progress achieved in the Free Trade Agreement (FTA) negotiations between the two sides. They expressed their...

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Business & Money | Tuesday 12 May, 2026 12:56 pm

Municipalities Minister: Saudi Arabia to Showcase Sustainable Urban Success at World Urban Forum

Minister of Municipalities and Housing Majed Al-Hogail, leading the Kingdom’s delegation at the 13th World Urban Forum in Baku, Azerbaijan, revealed that Saudi Arabia will showcase its pioneering experience in sustainable urban development, highlighting qualitative transformations in housing,...

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Business & Money | Tuesday 12 May, 2026 12:43 pm

Arabian Pipes signs supply contract in Kuwait’s KAC Trading

Arabian Pipes Co. signed a contract on May 11 with Kuwait’s KAC Trading Co. to manufacture and supply casing pipes for Kuwait Oil Co.In a statement to Tadawul, the company said the contract value exceeds 5% of its total revenue, according to its latest audited financial statements for 2025.The...

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Business & Money | Tuesday 12 May, 2026 12:42 pm

Al Akaria awards first package of Porta Jeddah project at SAR 463.1M

Saudi Real Estate Co. (Al Akaria) awarded, on May 11, the first package of the Porta Jeddah project in Jeddah to Mounes Mohamed Alshayeb for Civil Construction (MOBCO) at SAR 463.13 million, excluding VAT. The company said in a Tadawul filing that the first package includes execution of the...

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Business & Money | Tuesday 12 May, 2026 12:33 pm

Saudi Arabia's Industrial Sector Records 188 New Licenses in March 2026

The Ministry of Industry and Mineral Resources issued 188 new industrial licenses during March 2026, while 78 factories commenced production in the same month, according to the ministry's National Center for Industrial and Mining Information.The new licenses represent investments exceeding SAR1.81...

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Business & Money | Tuesday 12 May, 2026 12:26 pm

RAK Ceramics delivers resilient Q1 2026 performance amid regional disruptions

RAK Ceramics PJSC (Ticker: RAKCEC: Abu Dhabi), one of the world’s leading lifestyle ceramics brands, reported resilient financial results for the first quarter ending 31st March 2026.  Financial Highlights (Q1 2026) RAK Ceramics delivered a resilient first-quarter performance in...

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Business & Money | Tuesday 12 May, 2026 12:22 pm

Nahyan bin Mubarak Unveils Greenz by Danube, Dubai’s First Fully Furnished Master Villa Project

H.E. Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, unveiled “Greenz by Danube,” the latest development by Danube Properties, during a major event held at Coca-Cola Arena in Dubai. The launch was attended by Rizwan Sajan, Founder and Chairman of Danube Group, along...

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