Business & Money | Tuesday 14 July, 2026 6:45 am

Empower reinforces its leadership with a new agreement to supply the ‘Mercedes-Benz Places|Binghatti City’ project for a total cooling capacity of 37,000 RT

 Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, has signed an agreement with Binghatti Developers to supply district cooling services to the ‘Mercedes-Benz Places|Binghatti City’project in Meydan, for a total capacity...

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Business & Money | Tuesday 14 July, 2026 6:29 am

Riyadh Development adopts CFA Institute's GIPs

Riyadh Development Co. (ARDCO) announced that it has adopted the Global Investment Performance Standards (GIPS) for Asset Owners, issued by the CFA Institute, according to a Tadawul statement. In addition, the company completed an independent verification of its investment performance policies ...

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Business & Money | Sunday 12 July, 2026 10:02 am

Masar signs 3 land sale agreements for SAR 441.1M

Umm Al Qura for Development & Construction Co. (Masar) signed three reservation agreements to sell land plots for SAR 441.1 million, according to a statement to Tadawul. The land plots, with a total area of 7,387 square meters, are located off the pedestrian boulevard within Zone 2 of the...

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Business & Money | Sunday 12 July, 2026 8:00 am

Al-Hogail launches SAR 1.67B projects in Al Baha

Saudi Minister of Municipalities and Housing, Majed Al-Hogail, inaugurated municipal and housing projects and laid the cornerstone for other developments in Al Baha Region on Thursday, July 9, with total investments exceeding SAR 1.67 billion, the Saudi Press Agency (SPA) reported. The...

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Business & Money | Sunday 12 July, 2026 8:00 am

Royal order relieves AlKhorayef, appoints Prince Abdulaziz as industry minister

A royal order was issued today relieving Bandar AlKhorayef of his duties as Minister of Industry and Mineral Resources. The order appoints Prince Abdulaziz bin Salman bin Abdulaziz Al Saud as Minister of Industry and Mineral Resources, in addition to his current role as Minister of...

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Business & Money | Sunday 12 July, 2026 8:00 am

Saudi Arabia completes SAR 1B Boulevard Business Park project

Saudi Arabia completed the the Boulevard Business Park project within the Boulevard City, with investments exceeding SAR 1 billion, General Entertainment Authority (GEA), Chairman Turki Al Al Sheikh announced. In a post on X, Al Al Sheikh said the project comprises nine office buildings...

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Business & Money | Sunday 12 July, 2026 8:00 am

Saudi Arabia, Canada eye 13 agreements, MoUs worth $1B: Report

Saudi Arabia and Canada intend to sign 13 agreements and MoUs today, July 9, at an estimated value of $1 billion, during Canadian Prime Minister Mark Carney’s visit to the Kingdom, Al Arabiya reported, citing its sources. The agreements cover the infrastructure, mining, and industry sectors, ...

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Business & Money | Sunday 12 July, 2026 8:00 am

The Rock-It Company establishes Middle East Regional Headquarters in Abu Dhabi

With the support of the Abu Dhabi Investment Office (ADIO), The Rock-It Company (Rock-It) has established its Middle East Regional Headquarters (RHQ) in Abu Dhabi, reinforcing the emirate’s position as a leading destination for global companies establishing regional operations and specialist...

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Business & Money | Sunday 12 July, 2026 8:00 am

ADNOC L&S expands LNG fleet with order for four new carriers

ADNOC Logistics and Services plc (ADNOC L&S) today announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately US$900 million (AED3.3 billion). Each vessel has a capacity of 175,000 m³, enabling the efficient transport of growing global ...

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Business & Money | Sunday 12 July, 2026 8:00 am

Dubai Future District Fund backs MetaProp to anchor early-stage PropTech innovation

Dubai Future District Fund (DFDF) has committed capital to MetaProp Fund IV L.P., one of the world's most active and specialised venture capital firms investing in PropTech. This partnership positions MetaProp as a foundational early-stage PropTech partner for DFDF, supporting Dubai’s...

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