Business & Money | Tuesday 13 October, 2026 8:00 am

Sharjah Investment Forum 2026 to begin on Wednesday

The ninth edition of the Sharjah Investment Forum (SIF 2026) will begin on Wednesday, reaffirming its position as one of the leading investment conferences and exhibitions in the Middle East and North Africa (MENA) region. The two-day forum, to be held at Al Jawaher Reception and Convention...

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Business & Money | Tuesday 13 October, 2026 8:00 am

UAE Cabinet approves AED292.5 billion Federal General Budget Plan for 2027–2029

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the Federal General Budget Plan for 2027–2029, with a total outlay of AED292.5 billion. The Cabinet also approved the Federal General Budget Plan...

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Business & Money | Tuesday 13 October, 2026 8:00 am

UAE explores advanced manufacturing partnerships at China Industry Fair 2026

The UAE is exploring opportunities to strengthen industrial, technological and investment cooperation with China through the participation of a UAE delegation, led by Hasan Jasem Al Nowais, Undersecretary of the Ministry of Industry and Advanced Technology (MoIAT), alongside senior ministry...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Shams launches AI-powered 'Bedaya' business setup platform

The "Bedaya" platform, which is powered by artificial intelligence, has been launched by Sharjah Media City (Shams) to allow entrepreneurs and investors to plan the setting up of their businesses via a smooth, fast, and integrated digital service. The platform reviews user-submitted business...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Al Yamamah Steel’s contracts backlog hits SAR 1.1B; sales, profit likely to grow in 2027: CEO

Sahal Al-Thobaiti, CEO of Al Yamamah Steel Industries Co., said that the company’s current contracts backlog is valued at approximately SAR 1.1 billion, adding that it expects to secure additional contracts before the end of 2026. In an interview with Asharq Bloomberg on the sidelines of the ...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Saudi Arabia to sustain investment in oil, gas, renewables, infrastructure: Minister

Saudi Arabia will continue investing in reliable oil and gas supplies, expanding renewable energy, strengthening electricity grids and storage facilities, upgrading gas infrastructure, and developing new technologies and low-emission solutions, Energy Minister Prince Abdulaziz Al Saud...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Riyadh sees exceptional growth, 2 bridges 42% complete: RCRC CEO

Ibrahim Al-Sultan, CEO of the Royal Commission for Riyadh City (RCRC), said the capital is experiencing an exceptional phase of growth in its economy, population, and urban development. He noted that development efforts are focused on three main areas: roads, transportation, and traffic...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Aramco targets 80% increase in gas sales capacity by 2030: CEO

Saudi Aramco President and CEO Amin Nasser said the company aims to increase gas sales capacity by about 80% from 2021 levels by 2030 and expand renewable energy projects. Speaking at the 25th World Petroleum Congress (WPC) in Riyadh, Nasser said gas and renewables would each account for half...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Saudi Arabia attracts SAR 6T investments since strategy launch: Minister

Minister of Investment Fahad Al-Saif stated that investments from domestic and international sources have reached about SAR 6 trillion since the launch of the National Investment Strategy. Speaking during a ministerial panel discussion at the WPC Energy Congress 2026, Al-Saif explained that...

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Business & Money | Tuesday 13 October, 2026 8:00 am

SRC launches second mortgage-backed securities transaction

The Saudi Real Estate Refinance Co. (SRC), a PIF-owned subsidiary, announced the launch of the Kingdom's second residential mortgage-backed securities (RMBS), the first domestic issuance of its kind to receive publicly disclosed credit ratings from Moody’s and Fitch. The second issuance is...

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