Business & Money | Wednesday 19 November, 2025 1:28 pm

Partnership between former Prime Minister of the United Kingdom and the Real Estate Future Forum

As part of preparations for the fifth edition of the Real Estate Future Forum, taking place in May 2025, Forum officials met in London with Baroness Theresa May, former Prime Minister of the United Kingdom and member of the House of Lords. The meeting was held during an international tour aimed at...

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Business & Money | Tuesday 16 December, 2025 9:29 am

Cenomi Retail shareholders to vote on name change on Jan. 5

Fawaz Abdulaziz Alhokair Co.’s (Cenomi Retail) shareholders will vote on amending a number of articles of the company’s bylaws, including changing the company’s name to AFG International during the extraordinary general meeting slated for Jan. 5, 2026.   According to a...

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Business & Money | Tuesday 16 December, 2025 9:19 am

JLL acquires stake in PIF’s facility management arm FMTECH

JLL announced today, Dec. 15, signing an agreement to acquire a “significant stake” in Saudi Facility Management Co. (FMTECH) — a company owned by the Public Investment Fund (PIF). PIF will maintain a majority stake in FMTECH. The transaction is expected to close subject to customary...

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Business & Money | Tuesday 16 December, 2025 9:15 am

Saudi Arabia ranks 10th among G20 countries on UHC Index

Saudi Arabia has achieved progress in the Universal Health Coverage (UHC) Index, as its coverage score rose from 74 points to 83 points, recording a jump of 9 points, showed the results of the 2025 report issued by the World Health Organization and the World Bank Group.   The Kingdom ...

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Business & Money | Monday 15 December, 2025 1:00 pm

GIB Capital Strengthens Regional Leadership with Three Landmark International Capital Markets Transactions Totalling USD 2.1 Billion

GIB Capital, one of the region’s leading financial and investment banking advisors, today announced the successful execution of three major international capital markets transactions in November 2025, underscoring the firm’s growing influence and distribution strength across global debt...

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Business & Money | Monday 15 December, 2025 9:51 am

PALMA DEVELOPMENT AWARDS AED 760 MILLION CONTRACT FOR WEST RESIDENCE AT SERENIA DISTRICT

 Palma Development, one of the pioneering developers in the UAE real estate industry, has awarded an AED 760 million construction contract to Khansaheb Civil Engineering to deliver the West Residence, a 46-storey tower, which represents phase 1 within Serenia District at Jumeirah Islands. The...

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Government | Monday 15 December, 2025 9:28 am

Dubai Customs launches project to update its strategic plan 2026–2030

As part of its ongoing efforts to strengthen Dubai’s position as a leading global hub for trade, economy, and government innovation, Dubai Customs announced the launch of its project to update its institutional strategic plan 2026–2030. This initiative reflects the organization’s...

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Business & Money | Monday 15 December, 2025 9:25 am

Alkhorayef Water awarded SAR 57.3M contract by NWC in Hafer Al-Batin

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded a contract on Dec. 11 by the National Water Co. (NWC) at a value of SAR 57.28 million (excluding VAT).   Under the 36-month contract, AWPT will perform the operation and maintenance of water and wastewater networks in...

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Sports | Monday 15 December, 2025 9:21 am

Prince Alwaleed to acquire Al Hilal FC for SAR 7.5B: Report

The acquisition of Al Hilal Club by Prince Alwaleed bin Talal bin Abdulaziz, Chairman of Kingdom Holding Co., has reached final stages, with an announcement expected before the end of December, sources familiar with the matter said. According to Asharq Al-Awsat newspaper,...

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Government | Monday 15 December, 2025 9:16 am

Violations schedule regulating landlord, tenant relationship approved

The Official Gazette published the classification schedule of violations related to regulatory provisions governing the relationship between landlord and tenant, which was approved by the Council of Ministers. ...

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Business & Money | Monday 15 December, 2025 9:14 am

Red Sea International unit renews SAR 439.6M banking facilities

Red Sea International Co.’s subsidiary, the Fundamental Installation for Electric Work Co. (First Fix), signed two financial facilities agreements with Alinma Bank and Riyad Bank, at a total value of SAR 439.6 million, according to two separate statements to Tadawul. The first...

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