Business & Money | Tuesday 1 July, 2025 4:15 pm

SRMG’s Taoq inks marketing services contract for SAR 240M

Saudi Research and Media Group’s (SRMG) subsidiary, Taoq Public Relations Co., signed on June 30 a contract with a commercial company active in publicity, advertising, and public relations to provide content services for visual platforms. The contract is valued at for SAR 240...

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Business & Money | Tuesday 1 July, 2025 4:12 pm

MIS secures SAR 88.6M order from SDAIA

Al Moammar Information Systems Co. (MIS) received a purchase order worth SAR 88.62 million, including VAT, from the Saudi Data and AI Authority (SDAIA), the company said in a statement to Tadawul today, July 1. The one-year contract covers the provision of IT services and products, with the...

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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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