Business & Money | Sunday 21 September, 2025 2:35 pm

DIEZ trade surges 19% to AED336 billion in 2024

The Dubai Integrated Economic Zones Authority (DIEZ) achieved record growth in its total trade across the three economic zones in 2024, reaching a value of AED336 billion, a 19% increase compared to 2023. DIEZ also achieved a 13.7% share of Dubai’s non-oil trade, its highest-ever contribution to...

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Technology & IT | Sunday 21 September, 2025 11:38 am

HONOR Celebrates Saudi National Day with Exclusive Offers & Up to SAR 1300 off on Its Latest Devices

As Saudi Arabia prepares to mark its National Day, HONOR proudly joins in celebrating this cherished moment of pride, unity, and progress with the people of the Kingdom. More than just a commemoration, National Day is a time for families, friends, and communities to come together and look ahead to...

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Business & Money | Sunday 21 September, 2025 10:31 am

solutions signs SAR 500M credit facility deal with SAB

Arabian Internet and Communications Services Co. (solutions) signed a Shariah-compliant credit facility agreement with Saudi Awwal Bank (SAB) for SAR 500 million, according to a statement to Tadawul. The telecom operator obtained the financing on Sept. 18, with a one-year tenor. The...

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Business & Money | Sunday 21 September, 2025 10:09 am

No idle land in portfolio: Alandalus

Alandalus Property Co. said none of its owned lands in Riyadh fall under the scope of the White Land Tax.   In a statement to Tadawul, the company added that this disclosure has no financial impact on the company. ...

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Business & Money | Sunday 21 September, 2025 10:07 am

Retal says no significant impact of White Land Tax on financials

Retal Urban Development Co. noted that no owned lands within the company’s portfolio in Riyadh fall under the scope of the White Land Tax.This disclosure has no financial impact on the company, it added in a statement to Tadawul. ...

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Business & Money | Sunday 21 September, 2025 10:04 am

Details of Real Estate Expropriation for Public Benefit Law

The Official Gazette published the Law of Expropriation of Real Estate for Public Benefit and Temporary Taking of Property, recently approved by the Saudi Cabinet.   The law consists of 39 articles and will come into effect 120 days after its publication in the Official...

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Business & Money | Sunday 21 September, 2025 10:01 am

Masar sells two land plots for SAR 275M, books SAR 129.3M capital gain

Umm Al Qura for Development and Construction Co. (Masar) signed on Sept. 18 an agreement to sell two land plots within the Masar Destination project for a total of SAR 275 million, excluding taxes and fees borne by the buyer. The deals were signed by Masar and its wholly owned subsidiaries,...

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Business & Money | Saturday 20 September, 2025 5:25 am

RAK Ruler inaugurates Hilton office at RAKEZ Business Centre

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, inaugurated Hilton’s new  office at Ras Al Khaimah Economic Zone (RAKEZ) Business Centre 1 in Al Nakheel. The ceremony was attended by RAKEZ Managing Director, Sheikh Mohammed bin Humaid Al...

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Business & Money | Saturday 20 September, 2025 5:22 am

UAE Leading $18B Middle East Space Market Growth, BCG Report

The Middle East and Africa (MEA) space market is valued at USD 18 billion, according to a new report from Boston Consulting Group (BCG) titled "Governments in Space: A universe of opportunities". The UAE, Saudi Arabia, and Qatar represent the core of the region’s civil space investments - each...

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Tourism & Hospitality | Saturday 20 September, 2025 5:10 am

DUBAI SOUTH RECORDS 15% GROWTH IN BUSINESS AVIATION MOVEMENTS IN H1 2025

The Mohammed bin Rashid Aerospace Hub (MBRAH) at Dubai South continues to achieve outstanding growth in private jet movements, recording 9,753 in the first six months of 2025—a 15% increase compared to the same period in 2024. This sustained growth reaffirms Al Maktoum International Airport's...

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