Business & Money | Tuesday 23 June, 2026 9:52 am

Yaqeen Capital launches SAR 600M real estate fund in Madinah

Yaqeen Capital launched and commenced operations of the Yaqeen Madinah Hotel Fund, a Shariah-compliant closed-ended private real estate development fund. According to a statement on Tadawul, the fund targets a size of approximately SAR 600 million, including bank financing. The fund will...

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Business & Money | Tuesday 23 June, 2026 9:23 am

Arab Coordination Group Convenes 21st Heads of Institutions Meeting in Vienna to Advance Joint Development Action and Global Partnerships 

Vienna, Austria – The Arab Coordination Group (ACG), one of the world’s largest partnerships of development finance institutions, convened its 21st Meeting of Heads of Institutions today at the headquarters of the OPEC Fund for International Development in Vienna, Austria. The meeting was...

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Business & Money | Tuesday 23 June, 2026 7:42 am

Red Sea subsidiary signs SAR 352.6M subcontract for Diriyah project

Red Sea International Co. announced that its subsidiary, Fundamental Installation for Electric Work Co. Ltd. (First Fix), signed a subcontract worth SAR 352.6 million (excluding VAT) with Salini Saudi Arabia Co. to execute mechanical, electrical, and plumbing (MEP) works for a project in...

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Business & Money | Tuesday 23 June, 2026 7:40 am

Asas Makeen renews SAR 350M credit facilities with Al Rajhi Bank

Asas Makeen Real Estate Development and Investment Co. renewed its Shariah-compliant credit facilities agreement worth SAR 350 million with Al Rajhi Bank. In a statement to Tadawul, the company said it obtained the financing on June 21. The facilities have varying tenors of 6, 24, 36, and 120...

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Business & Money | Tuesday 23 June, 2026 7:37 am

Ministry of Energy and Infrastructure, KHDA host Future Circles dialogue

The Ministry of Energy and Infrastructure (MoEI), in partnership with the Knowledge and Human Development Authority (KHDA), hosted the inaugural edition of Future Circles, an interactive youth-leadership dialogue that brought together members of the Dubai Students Council with government leaders to ...

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Business & Money | Tuesday 23 June, 2026 7:36 am

UAE, Korea explore expanding strategic cooperation in energy, nuclear power, emerging technologies

Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure (MoEI), received Kim Jung-kwan, Minister of Trade, Industry, and Energy of the brotherly Republic of Korea, in Abu Dhabi to discuss avenues for strengthening bilateral cooperation...

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Business & Money | Tuesday 23 June, 2026 7:34 am

DP World, Wilo expand partnership on sustainable water technology, smart logistics

DP World and Wilo Group have expanded their strategic partnership through a new Memorandum of Understanding, aimed at advancing sustainable infrastructure, smart logistics solutions and AI-based innovations in the global water sector. The agreement was signed at Wilopark in Dortmund by Oliver...

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Business & Money | Tuesday 23 June, 2026 7:32 am

ADFD participates in 21st Meeting of Heads of Institution of Arab Coordination Group in Vienna

Abu Dhabi Fund for Development (ADFD), as part of a high-level delegation led by Mohamed Saif Al Suwaidi, Director-General, took part in the 21st Meeting of Heads of Institution of the Arab Coordination Group (ACG), hosted by the OPEC Fund for International Development in Vienna, Austria. The...

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Business & Money | Monday 22 June, 2026 6:29 pm

How to Choose a Reliable Trading Broker in Saudi Arabia

Choosing a broker is one of the most important decisions for Saudi traders who want to access global financial markets. Beyond market access, traders need to evaluate whether a broker offers reliable execution, transparent trading conditions, recognized regulation, responsive support, and smooth...

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Business & Money | Monday 22 June, 2026 11:04 am

47% of HNWIs Now Manage Active Lives Across 3 or More Countries

A new report by Perfect.Live, based on request data from 1,000+ high-net-worth clients across 127 countries, finds that multi-location living has become the operational norm — and that managing it is now the primary driver of lifestyle delegation. Perfect.Live has published its first annual...

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