Business & Money | Tuesday 25 March, 2025 11:26 am

Saudi banks mulls selling NPLs via securitization deals- Sources

Saudi banks are considering selling non-performing loans (NPLs) through securitization deals, Bloomberg reported, citing sources. The sources suggested that the first major sale could occur this year, creating additional opportunities for lending to support ambitious development initiatives...

More Details

Business & Money | Tuesday 25 March, 2025 11:24 am

DEWA’s General Assembly Approves Dividend Payment of AED 3.1 Billion to Shareholders for H2 of 2024

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders have, in the general assembly held on 21 March 2025, ...

More Details

Business & Money | Tuesday 25 March, 2025 11:21 am

Saudi Coffee Company Partners with Halal Products Development Company to Expand Coffee in the Halal Market

The Saudi Coffee Company (SCC) and Halal Products Development Company (HPDC) have announced the signing of a Strategic Cooperation Agreement aimed at enhancing collaboration between the coffee industry and halal sector, expanding access to coffee products through certifications. This strategic ...

More Details

Business & Money | Monday 24 March, 2025 11:32 am

Aramco explores new investment opportunities in China: CEO

Saudi Aramco President and CEO Amin Nasser said the company continues to explore new and additional investment opportunities in China. Nasser pointed out that China represents a large market for Aramco and is a key element in the company's global strategy. He further explained...

More Details

Business & Money | Monday 24 March, 2025 11:28 am

Dubai Supreme Council of Energy strengthens green economy agenda

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, chaired the 87th meeting of the Council, which was held virtually in the presence of Saeed Mohammed Al Tayer, Vice Chairman of the Council. The meeting was also attended by Ahmed Buti Al Muhairbi,...

More Details

Business & Money | Monday 24 March, 2025 11:26 am

Dubai International Chamber facilitates expansion of fiber optics company Emtelle into Indonesia

Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has successfully supported the expansion of Emtelle, a Dubai-based fibre optic solutions company, into Indonesia. The chamber’s representative office in Jakarta played a key role in facilitating the...

More Details

Business & Money | Monday 24 March, 2025 11:25 am

DAE announces completion of Aeromexico Boeing 737 MAX mandate

Dubai Aerospace Enterprise (DAE) Ltd announced that it had delivered from its orderbook the sixth and final Boeing 737 MAX family aircraft to Aeromexico under its current mandate. The mandate comprised of three 737-8 and three 737-9 aircraft. Aeromexico has been a customer of DAE for over a...

More Details

Business & Money | Monday 24 March, 2025 11:23 am

ENOC Group achieves AED395 million in energy efficiency savings over decade

ENOC Group recorded remarkable success in energy reduction through comprehensive Energy & Resource Management (E&RM) activities across its operations. Driving resilience through sustainable economic growth, the Group saved AED395 million in total energy from 2014 to 2024, mitigating...

More Details

Business & Money | Monday 24 March, 2025 11:22 am

ADNOC Gas shareholders approve record $3.41 billion dividend for 2024

ADNOC Gas plc and its subsidiaries confirmed shareholder approval at its Annual General Meeting (AGM) to distribute $3.41 billion in full-year dividends for 2024, including a final dividend payment of $1.706 billion scheduled for distribution in the second quarter of 2025. Dr. Sultan Ahmed Al...

More Details

Business & Money | Monday 24 March, 2025 11:17 am

SCA recovers AED4.1mln for investors through amicable settlements in 2024

The Securities and Commodities Authority (SCA), through amicable settlements, has successfully recovered AED4.1 million in favour of investors during 2024. This achievement is the result of the SCA's relentless efforts in facilitating amicable settlements and effectively utilising the service...

More Details