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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Business & Money | Monday 30 June, 2025 11:49 am

Masar sells 2 land plots in destination project for SAR 410.3M

Umm Al Qura for Development and Construction Co. (Masar) signed two land sale agreements within the Masar Destination project in Makkah for SAR 410.27 million. Masar is the owner, developer, and operator of the Masar Destination project. The first land plot, measuring 2,703 square...

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Business & Money | Monday 30 June, 2025 11:47 am

CATRION signs SAR 33M catering deal with Saudi Aramco

CATRION Catering Holding Co. (CATRION) ) signed a SAR 33 million contract with Saudi Arabian Oil Co. (Saudi Aramco) on June 29, the company said in a statement to Tadawul. Under the three-year agreement, CATRION will provide in-flight catering services for VIPs and passengers flying with...

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Business & Money | Monday 30 June, 2025 9:12 am

ROSHN Group Named One of the World's 25 Most Powerful Real Estate Brands by Brand Finance

ROSHN Group, a subsidiary of the Public Investment Fund (PIF), has been ranked among the 25 most powerful real estate brands in the world by Brand Finance, a leading global brand valuation consultancy. This marks the first time a Saudi real estate company has achieved this recognition.Brand Finance ...

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Business & Money | Sunday 29 June, 2025 1:40 pm

UAE’s NHRI and Office of UN High Commissioner for Human Rights Discuss Strengthening Cooperation and Exchange of Expertise

The National Human Rights Institution (NHRI) has received a delegation from the Office of the United Nations High Commissioner for Human Rights (OHCHR) at its headquarters in Abu Dhabi. The delegation was led by H.E. Mazen Shaqoura, Regional Representative of the OHCHR for the Middle East and North ...

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