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Press Dossier   By Date  22/02/2025
Saudi banks’ new residential mortgages rise 17% to $24bn
Saudi Arabia: Saudi Arabia’s banks issued SR91.1 billion ($24.28 billion) in new residential mortgages to individuals in 2024 — a 17 percent rise on the previous year, according to official data.
Crude heads for weekly gain on supply jitters
Saudi Arabia: Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over a potential peace deal in Ukraine.
Abu Dhabi signs agreements with China to strengthen partnerships
United Arab Emirates: An Abu Dhabi economic delegation, led by the Abu Dhabi Department of Economic Development (ADDED), concluded a successful visit to China, which saw the signing of groundbreaking agreements to further enhance cooperation between government entities and private sector companies in Abu Dhabi and China, reaffirming the emirate’s efforts to build and cement partnerships with leading economies and trading partners.
Dewa organises 2nd cycle of CleanTech Innovators Exhibition
United Arab Emirates: The Sustainability and Innovation Centre of Dubai Electricity and Water Authority (Dewa) is organising the second cycle of the CleanTech Innovators Exhibition from Feb.24 to 26, 2025. This is part of Dewa’s participation in the ‘UAE Innovates 2025’.
Mohammed bin Rashid tours the 31st edition of Dubai International Boat Show
United Arab Emirates: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today visited the 31st edition of the Dubai International Boat Show, being organised by the Dubai World Trade Centre (DWTC) at Dubai Harbour until 23 February.
Modon seeks bids for Dammam logistics zone development
Saudi Arabia: Saudi Authority for Industrial Cities and Technology Zones (Modon), in collaboration with the National Center for Privatization & PPP (NCP), has announced the launch of the Expressions of Interest (EOIs) for the Logistics Zone Development in Dammam 2nd Industrial City.
UAE's Calidus concludes successful participation in IDEX 2025
United Arab Emirates: UAE's Calidus Group, specialising in advanced defense design and manufacturing, concluded today its participation as a principal sponsor of the International Defence Exhibition (IDEX 2025) and the Naval Defence and Maritime Security Exhibition (NAVDEX 2025) in Abu Dhabi, securing contracts and deals for the latest defense systems and solutions manufactured by Emirati experts.
ETG to establish AED150 million facility in KEZAD
United Arab Emirates: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones and ETG Bio Green Polymer, a global leader in sustainable manufacturing have announced the signing of a 50-year land lease agreement to establish a state-of-the-art compostable polymers factory in KEZAD A (KEZAD Al Ma’mourah).
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