Business & Money | Thursday 8 January, 2026 1:32 pm

SABIC to sell Americas, Europe units; expects SAR 18.3B non-cash loss

In an effort to optimize its portfolio, Saudi Basic Industries Corp. (SABIC) said it is divesting 100% of the shares in SABIC Europe B.V., comprising its European petrochemicals business and assets, to AEQUITA—an established operator in European industrial sector.SABIC’s ownership in SABIC...

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Business & Money | Thursday 8 January, 2026 12:02 pm

Golden Visa Group to bring €250,000-compliant Greek Golden Visa projects to IREX

Golden Visa Group announces its participation at IREX Dubai 2026, inviting GCC investors to explore fully compliant €250,000 Greek Golden Visa projects. Dubai — Golden Visa Group (GVG), a Greece-based real estate developer specializing exclusively in €250,000 Greek Golden Visa-eligible...

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Business & Money | Thursday 8 January, 2026 8:55 am

Sharjah Cooperative Launches the UAE’s First Internal Cooperative Radio to Strengthen Institutional Communication

Sharjah Cooperative has launched its internal radio station, the first cooperative radio of its kind in the United Arab Emirates, during an official ceremony held on Wednesday at Rahmania mall in Sharjah. The launch reflects the Cooperative’s commitment to advancing institutional communication...

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Business & Money | Wednesday 7 January, 2026 2:50 pm

ACWA Power completes acquisition of Engie stake in Az-Zour North power plant

Shamal Az-Zour Al-Oula Power and Water Co. received, on Jan. 6 , a notice indicating that Italy’s Engie has completed the transfer of its stake in Az-Zour North power and water plant to ACWA Power Co., according to a Boursa Kuwait statement. The transaction has no financial impact and does...

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Business & Money | Wednesday 7 January, 2026 2:29 pm

2P renews, upsizes SAR 289M credit facilities with BSF

Perfect Presentation for Commercial Services Co. (2P) increased and renewed a Shariah-compliant credit facility deal worth SAR 289.19 million with Banque Saudi Fransi (BSF) according to a Tadawul statement. The financing is valid till Jan. 6, 2027, said the company, adding that the facility...

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Business & Money | Wednesday 7 January, 2026 2:23 pm

UAE uniquely positioned to fuel UK’s Green Hydrogen growth

The World Future Energy Summit, taking place at ADNEC Centre Abu Dhabi from 13th-15th January and part of Abu Dhabi Sustainability Week hosted by Masdar, is set to highlight the pivotal role of green hydrogen in industrial decarbonisation. Against the backdrop of the UK’s ambition to expand...

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Business & Money | Wednesday 7 January, 2026 2:19 pm

ADNOC announces Final Investment Decision for SARB Deep Gas Development

ADNOC today announced the Final Investment Decision (FID) for the SARB Deep Gas Development, a strategic project within the Ghasha Concession located offshore of Abu Dhabi. The development will deliver 200 million standard cubic feet per day (scfd) of gas before the end of the decade, enough...

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Business & Money | Wednesday 7 January, 2026 2:16 pm

Ajman real estate transactions hit AED2.78 billion in December, up 22%

The Emirate of Ajman recorded 1,623 real estate transactions worth AED2.78 billion in December, marking a 22 percent increase compared to the same period in 2024. Eng. Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation, said Al Jurf Industrial 2...

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Business & Money | Wednesday 7 January, 2026 2:06 pm

Dubai Clear, Nasdaq Dubai receive European Securities and Markets Authority Tier 1 recognition

Dubai Clear, a subsidiary of Dubai Financial Market (DFM), and Nasdaq Dubai announced that they have been formally granted Tier 1 Third-Country Central Counterparty (CCP) recognition by the European Securities and Markets Authority (ESMA), effective 31st December 2025. This recognition makes...

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Business & Money | Wednesday 7 January, 2026 1:45 pm

Five GCC economic themes to watch in 2026

As the GCC enters 2026, economic policy is being shaped by tighter external conditions, accelerating technological change and a more fragmented global trading system. The countries of the Gulf Cooperation Council (GCC) are increasingly focused on broadening trade relationships, strengthening supply ...

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