Business & Money | Thursday 28 August, 2025 9:59 am

PCFC Achieves Landmark Performance in Smart Traffic Enforcement During First Half of 2025

The Ports, Customs and Free Zone Corporation (PCFC) has announced exceptional results in smart traffic enforcement during the first half of 2025, recording an unprecedented 401% increase in processed violations compared to Q1, with a response rate reaching 60.4%. This milestone reflects a...

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Business & Money | Thursday 28 August, 2025 9:46 am

Middle East mega-events require human-centric security models powered by advanced tech to be protected, say regional experts

Middle East mega-event organisers must empower human-centric security models with advanced technology to ensure safety and preserve public trust, according to senior industry figures due to speak at Intersec Saudi Arabia 2025. The comments came from representatives of the King Salman Park...

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Business & Money | Thursday 28 August, 2025 9:43 am

RAKEZ client session on strategic compliance and infrastructure sets stage for future growth

Ras Al Khaimah Economic Zone (RAKEZ) recently brought together its business community for a high-impact session aimed at enhancing operational clarity, compliance, and long-term planning. Led by Key Account, Permits & Regulations and Engineering departments at RAKEZ, the session offered...

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Business & Money | Thursday 28 August, 2025 9:41 am

Saudi Housing Minister sets White Land fee zones in Riyadh

Saudi Minister of Municipal and Rural Affairs and Housing, Majed Al-Hogail, unveiled the geographic scope of the White Land fees in Riyadh, a key step to regulate the real estate market and promote balanced urban development. In a post on the social messaging platform X, the minister said the...

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Business & Money | Wednesday 27 August, 2025 11:56 am

China plans to boost ties in renewables, supply chains with Saudi Arabia: Commerce Minister

Chinese Commerce Minister Wang Wentao said Beijing plans to strengthen cooperation with Saudi Arabia in renewable energy and supply chains, and to expand bilateral trade. Wang told Saudi Investment Minister Khalid Al-Falih that both countries should work together to defend international trade...

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Business & Money | Wednesday 27 August, 2025 11:48 am

Emaar EC extends PIF debt-to-equity conversion deal until year-end

Emaar the Economic City (Emaar EC) extended the maturity of its debt-to-equity conversion agreement with the Public Investment Fund (PIF) until Dec. 31, 2025, instead of Sept. 7, 2025, the company said in a statement to Tadawul. According to Argaam data, the company in March amended its...

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Business & Money | Wednesday 27 August, 2025 11:09 am

Saudi Cabinet OKs Law of Expropriation of Real Estate for Public Benefit

The Cabinet, chaired by King Salman bin Abdulaziz, approved today, Aug. 26, the Law of Expropriation of Real Estate for Public Benefit and Temporary Taking of Property. Minister of Finance Mohammed Al-Jadaan, said the updated law aims to enhance the governance of property expropriation...

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Business & Money | Wednesday 27 August, 2025 11:06 am

UCIC renews SAR 140M banking facilities with SAB

United Carton Industries Co. (UCIC) signed an offer letter to renew Shariah-compliant banking facilities with Saudi Awwal Bank (SAB) worth SAR 140 million. In a statement to Tadawul, the company said it secured the financing on July 16 for a one-year term ending on July 15, 2026. The...

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Business & Money | Wednesday 27 August, 2025 11:03 am

Amlak signs SAR 250M credit deal with Emirates NBD Saudi Arabia

Amlak International Finance Co. signed on Aug. 26, a Shariah-compliant credit facility agreement with Emirates NBD – Saudi Arabia valued at SAR 250 million. The company said in a statement on Tadawul that the four-year facility secured by an assignment of receivables to the bank and a...

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Business & Money | Wednesday 27 August, 2025 11:00 am

Space42 signs strategic MoU with Angola

Space42, the UAE-based AI-powered SpaceTech company announced today the signing of a comprehensive Memorandum of Understanding (MoU) with Angola's Military Intelligence and Security Service (SISM). The five-year strategic partnership covers advanced technology collaboration across multiple...

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