Business & Money | Monday 7 July, 2025 9:00 am

Azizi Developments signs MoU with DLD and DET to support First-Time Home Buyer Program

 Azizi Developments, a leading private developer in the UAE, has announced the signing of a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET). This strategic collaboration supports the emirate’s new First-Time Home...

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Business & Money | Monday 7 July, 2025 9:00 am

Saudia and Vietnam Airlines Announce Codeshare Partnership

Saudia, the national flag carrier of Saudi Arabia, signed a codeshare agreement with Vietnam Airlines to enhance connectivity between the Socialist Republic of Vietnam and the Kingdom of Saudi Arabia. This collaboration aims to offer guests expanded travel options between Southeast Asia and the...

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Business & Money | Monday 7 July, 2025 9:00 am

WGES 2025 to explore role of technology, innovation in advancing climate security

The World Green Economy Summit (WGES), held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has consolidated its position as a catalyst for global climate action and a strategic platform to empower societies most...

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Business & Money | Monday 7 July, 2025 9:00 am

UAE participates in BRICS Finance Ministers, Central Bank Governors Meeting under Brazil’s presidency

The United Arab Emirates, represented by the Ministry of Finance and the Central Bank of the UAE, participated in BRICS Finance Ministers and Central Bank Governors Meeting held in Rio de Janeiro, Brazil, under the 2025 presidency of Brazil. The UAE delegation was led by Mohamed bin Hadi Al...

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Business & Money | Monday 7 July, 2025 9:00 am

Riyad REIT signs agreement to sell property in US: Riyad Capital

Riyad Capital, in its capacity as the fund manager of Riyad REIT Fund, signed an agreement to sell a property held by one of the fund’s international investments, Riyad Global Property Fund III. The deal is expected to be finalized in the fourth quarter of 2025, following the due diligence...

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Business & Money | Monday 7 July, 2025 9:00 am

SEDCO Capital REIT signs SAR 135M deal to acquire office complex in Riyadh

SEDCO Capital REIT Fund’s board of directors approved the signing of a purchase agreement and the completion of the acquisition of one of the properties referenced in two non-binding memoranda of understanding (MoUs) to acquire four office complexes in Riyadh. The agreement was signed on...

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Business & Money | Sunday 6 July, 2025 4:21 pm

Naqi Water buys SAR 37.7M bottled drinking water production line

Naqi Water Co. signed a contract for the purchase and supply of a production line for the production of bottled drinking water in various sizes with Middle East Machinery Factory Co. Ltd. (MEMCO) for the establishment of its new factory in the city of Riyadh, at a value of EUR 8.5 million (SAR 37.7 ...

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Business & Money | Sunday 6 July, 2025 9:00 am

HRSD Ministry to classify work permits by skill level

Saudi Arabia’s Ministry of Human Resources and Social Development (HRSD) issued a decision to classify work permits based on skill level and included clear eligibility criteria for classifying the skills of expatriate labor. The Ministry added on its account on the X platform that the...

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Business & Money | Sunday 6 July, 2025 8:00 am

UAE emerges as global base for digital nomads

The United Arab Emirates has consolidated its status as a leading force and key player in the digital nomad economy, rising to second place globally as a top destination for digital nomads in 2025. This remarkable achievement, advancing from fourth place globally in 2023 according to the...

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Business & Money | Sunday 6 July, 2025 8:00 am

ADCCI launches Public Relations, Digital Marketing Working Group to boost sector growth, development

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has launched the Public Relations and Digital Marketing Working Group, aimed at enhancing the performance of the PR and digital marketing sector in Abu Dhabi and enabling its continued growth and expansion. The Group’s objective is to...

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