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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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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Environment & Energy | Monday 15 December, 2025 9:11 am

ACWA Power closes Kuwait, Bahrain assets acquisition

ACWA Power Co. acquired gas-fired power generation assets with a capacity of 4.6 gigawatt (GW), water desalination assets with a capacity of 1.1 million cubic meters per day, and related O&M companies in Bahrain and Kuwait from a subsidiary of Engie SA.   Acquisition completed...

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Business & Money | Sunday 14 December, 2025 7:49 am

Under the patronage of the Deputy Governor of the Makkah Region and in the gracious presence of the Governor of Jeddah, Souq7 is inaugurated in the Kingdom as the largest open-air retail and entertainment destination.

Under the patronage of His Royal Highness Prince Saud bin Mishaal bin Abdulaziz Al Saud, and honoured by the presence of His Highness Prince Saud bin Abdullah bin Jalawi, Governor of Jeddah, Souq7 officially opened its doors on Wednesday, December 10, 2025 (19 Jumada Al-Akhirah 1447H), marking a...

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Business & Money | Sunday 14 December, 2025 7:43 am

Azizi Developments Signs Large Land Lease Agreement of 440,000 sqm with AD Ports Group

Azizi Developments, a leading private developer in the UAE, today announced that it has signed a 50-year lease agreement with AD Ports Group (ADX: ADPORTS) subsidiary Khalifa Economic Zones Abu Dhabi – KEZAD Group, representing an investment value of AED 2 billion that will facilitate the growth...

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Business & Money | Sunday 14 December, 2025 7:42 am

Dubai Maritime Authority announces Mandatory Plan for Marine Traffic on New Year’s Eve 2026

The Dubai Maritime Authority at the Ports, Customs and Free Zone Corporation has announced the implementation of a mandatory plan for managing marine traffic in preparation for the 2026 New Year’s Eve celebrations, aiming to ensure the highest levels of safety and organization across Dubai’s...

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Business & Money | Sunday 14 December, 2025 7:33 am

Union Properties breaks ground ‘Mirdad’, another flagship AED 2 billion community development in Motor City

Union Properties PJSC (“Union Properties” or “the Company”) (DFM symbol: UPP) has officially broken ground on ‘Mirdad’, its AED 2 billion flagship project in Dubai Motor City, the Company’s second landmark development in the area. This milestone underscores Union Properties’ renewed ...

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Business & Money | Sunday 14 December, 2025 7:29 am

Abu Dhabi launches FIDA cluster to shape the next generation of financial and investment solutions

Abu Dhabi has launched the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster to accelerate the development of next-generation financial and investment solutions and expand the emirate’s role as a global capital hub. Spearheaded by the Abu Dhabi Department of Economic...

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Tourism & Hospitality | Sunday 14 December, 2025 7:25 am

BEYOND Developments Reveals a New Vision for Purposeful Living on Dubai Islands with SIORA

BEYOND Developments, the bold and design-led real estate developer shaping next-generation waterfront destinations in the UAE, today unveiled SIORA, its first beachfront masterplan on Dubai Islands and the company’s second large-scale community within a year. The launch underscores BEYOND’s...

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Business & Money | Sunday 14 December, 2025 7:20 am

Residential property prices mixed in Q3 2025: JLL

JLL said that growth in Saudi residential property prices has slowed and, in some cases, declined following a period of strong expansion, particularly in the capital, Riyadh.   In a report, JLL noted that other markets recorded strong demand accompanied by continued price increases,...

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