Business & Money | Wednesday 3 December, 2025 12:03 pm

Dubai Chamber of Commerce launches Cyprus Business Council

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the establishment of the Cyprus Business Council. The new council is dedicated to expanding cooperation between the business communities in Dubai and Cyprus, deepening trade and...

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Business & Money | Wednesday 3 December, 2025 11:58 am

Red Sea signs SAR 266M contract with Baker Hughes Saudi

Red Sea International Co. signed a contract with Baker Hughes Saudi Arabian Co. Ltd. to design, manufacture, supply, and operate accommodation facilities in the Eastern Province. The project seeks to support oil and gas exploration activities in the region, Red Sea said in a statement to...

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Business & Money | Wednesday 3 December, 2025 11:51 am

Saudi Arabia shifts from economic cycle: Al-Jadaan

Saudi Finance Minister Mohammed Al-Jadaan said the Kingdom spent four decades facing fiscal-policy challenges, mainly because government spending rose and fell with the economic cycle, tracking oil prices and activity, which caused unwanted volatility. At a panel on sustainable development in...

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Business & Money | Wednesday 3 December, 2025 11:48 am

Dubai real estate’s record run continues as 2025 property sales climb to AED624.1 billion

The Dubai real estate market continued on its record-breaking surge in 2025, with November pushing the total number of property deals past the previous full-year peak, with a month still remaining. A market report issued by fäm Properties today shows that last month produced 19,019...

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Business & Money | Wednesday 3 December, 2025 11:46 am

“Soudah Development” and “National Grid” Sign SAR 1.3 Billion Agreement to Power Soudah Peaks

 Soudah Development, a Public Investment Fund (PIF) company, chaired by HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, has signed a landmark agreement with National Grid, a Subsidiary of the Saudi Electricity Company, valued at more than...

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Business & Money | Wednesday 3 December, 2025 11:04 am

Riyadh to Host the 3rd TIMF in 2025

RIYADH, Saudi Arabia — In celebration of the 98th Thai National Day, the capital will host the third edition of the Thai Exhibition at the Riyadh International Convention & Exhibition Center (RICEC) from 7–9 December 2025. The event will feature more than 200 Thai brands showcasing the ...

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Business & Money | Wednesday 3 December, 2025 10:41 am

Black Hat MEA Becomes World’s Largest Cyber Security Gathering, Increasing in Size by 55%

Black Hat MEA opened today with a surge of energy as global CISOs, founders, policymakers and researchers gathered in Riyadh to decode the next wave of cyber risk. Day one delivered high-pressure intelligence, frontline lessons and live research across the Executive Summit, Briefings, Deep Dive and ...

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Business & Money | Wednesday 3 December, 2025 9:53 am

BIGBOX UAE 2025 Concludes Successfully – A Landmark Summit Redefining the Future of Retail & E-Commerce

BIGBOX UAE 2025, organized by Scribe Minds & Media FZE, concluded on a high note at Millennium Plaza Downtown Hotel, Dubai on the 24th September, bringing together over 350+ attendees, including leading executives, innovators, and decision-makers from across the retail and e-commerce ecosystem. ...

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Business & Money | Wednesday 3 December, 2025 8:55 am

Finance Minister says Vision 2030’s next phase will maximize impact

Finance Minister Mohammed Al-Jadaan said the next phase of Vision 2030 will focus on maximizing impact and preparing for the post-2030 era. At the FY2026 budget press conference, he noted 93% of Vision 2030 performance indicators are achieved or on track. He added 299 indicators have been ...

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Business & Money | Wednesday 3 December, 2025 7:40 am

2026 budget targets 80,000 housing units with SAR 70B investment

The 2026 budget sets targets for municipalities and housing, including the delivery of 80,000 residential units and developed plots in partnership with local and international real estate developers across the Kingdom, with total investments of approximately SAR 70 billion. The plan also aims...

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