Business & Money | Tuesday 1 July, 2025 4:05 pm

Umm Al Qura for Development and Construction signs tripartite MoU with Naif Al-Rajhi Investment, Aljazira Capital for development projects in Masar

Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar destination, has signed a strategic, tripartite Memorandum of Understanding (MoU) with Naif Alrajhi Investment and Aljazira Capital. The memorandum aims to launch a real estate private fund with an...

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Business & Money | Tuesday 1 July, 2025 1:57 pm

Greek Golden Visa vs Other Residency Options: Why It’s Gaining Ground Among Saudi Investors

Greek Golden Visa vs Other Residency Options: Why It’s Gaining Ground Among Saudi Investors Residency by investment has become a reliable Plan B for Saudi nationals seeking safety, global mobility, and asset diversification. Among various options, the Greece Golden Visa stands out for its...

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Business & Money | Monday 30 June, 2025 1:03 pm

NWC embarks on implementing 23 projects in Madinah at SR 814+ million

The National Water Company (NWC)'s Northwest Cluster announced the start of 23 water and environmental projects in various locations in Madinah at more than 814 million Saudi Riyals. The projects aim to increase service coverage, raise operational efficiency, and improve customer service. The...

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Business & Money | Monday 30 June, 2025 12:59 pm

PALMA DEVELOPMENT COMMENCES ENABLING WORKS FOR WEST RESIDENCE AT SERENIA DISTRICT IN JUMEIRAH ISLANDS

 Palma Development, one of the pioneering developers in the UAE real estate industry, has announced the appointment of APCC Piling & Marine Contracting to commence shoring and piling works at West Residence, the first residential tower within Serenia District, ...

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Business & Money | Monday 30 June, 2025 12:51 pm

Abu Dhabi population in 2024 grows 7.5% to reach 4.14 million

New data released by the Statistics Centre – Abu Dhabi (SCAD) showed that Abu Dhabi achieved a 7.5 percent growth in population in 2024, reaching a total of 4,135,985 people. This growth rate substantially exceeds that of established international financial centres, reflecting Abu Dhabi's...

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Business & Money | Monday 30 June, 2025 12:49 pm

Dubai Municipality suspends two consultancy firms for violating professional norms, regulations

Dubai Municipality has announced that the Committee of Registration and Licensing the Practice of Engineering Consultancy & Contracting has issued a decision to suspend two engineering consultancy offices and bar them from licensing any new projects for a period of six months. The...

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Business & Money | Monday 30 June, 2025 12:00 pm

Saudi Arabia: FDI inflows reach $ 5.9 billion in Q1 2025

The Saudi General Authority for Statistics (GASTAT) reported on Sunday that Foreign Direct Investment (FDI) inflows reached SAR 22.2 billion (USD 5.9 billion) in Q1 2025, while overall unemployment rate (including Saudis and non-Saudis) stood at 2.8%. The data indicated a 44% increase in FDI...

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Business & Money | Monday 30 June, 2025 11:59 am

Tabreed, CVC DIF to acquire Abu Dhabi’s PAL Cooling from Multiply Group

CVC DIF, the infrastructure strategy of leading global private markets manager, CVC, and Tabreed, the world’s leading district cooling company, have entered a partnership to acquire PAL Cooling Holding from Abu Dhabi’s Multiply Group. The transaction, with an equity value of approximately...

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Business & Money | Monday 30 June, 2025 11:54 am

Dubai South launches 10-million-square-foot 'Hayat' community

Dubai South Properties has announced the launch of Hayat, a new master-planned community spanning 10 million square feet. The development is located in the Golf District at Dubai South, near the existing terminal of Al Maktoum International Airport. Hayat by Dubai South will feature...

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Business & Money | Monday 30 June, 2025 11:51 am

Edarat receives new SAR 4.5M purchase order under NEOM contract

Edarat Communication and Information Technology Co. received today, June 29, a new purchase order under an existing cloud services contract with NEOM. The order covers Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) solutions, Edarat said in a statement to Tadawul. The...

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