Business & Money | Tuesday 2 December, 2025 1:45 pm

Dubai to host UAE–Russia Business Forum December 10

The Russia–UAE Business Council has announced the programme and key participants for the first UAE–Russia Business Forum, scheduled to take place in Dubai on 10th December. Strategic-partnership discussions are to be hosted by the Russia–UAE Business Council, which is organising the...

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Business & Money | Tuesday 2 December, 2025 1:37 pm

Expo 2030 Riyadh awards contract for detailed project masterplan

Expo 2030 Riyadh Co. (ERC) awarded the contract for the detailed masterplan and design of public realm, landscape, infrastructure and utilities for Expo 2030 Riyadh and its legacy to Buro Happold to serve as lead design consultant. This partnership marks a pivotal milestone that reflects Saudi ...

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Business & Money | Tuesday 2 December, 2025 1:36 pm

Retal, NHC to develop SAR 5.2B project in Al Fursan suburb

Retal Urban Development Co. signed on Dec. 1 an agreement with National Housing Co. (NHC) for a residential real estate project valued at SAR 5.2 billion in Al-Fursan suburb (Phase 3) in Riyadh.In a statement to Tadawul, the company said the agreement primarily covers the development of 4,839...

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Business & Money | Tuesday 2 December, 2025 1:30 pm

Minister of Economy & Tourism: 77.5% non-oil share of real GDP; AED36 bn hotel revenues mark exceptional growth on 54th Eid Al Etihad

Abdulla bin Touq Al Marri, Minister of Economy and Tourism, affirmed that the 54th UAE Eid Al Etihad arrives this year crowned with exceptional economic and tourism achievements that reflect the vision of the UAE’s leadership and the strength of the Union. "The 54th Eid Al Etihad reminds us...

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Business & Money | Tuesday 2 December, 2025 1:25 pm

UAE Pavilion welcomes senior officials on day one of Egypt Defence Expo 2025

President Abdel Fattah El Sisi, President of the Arab Republic of Egypt, yesterday inaugurated the Egypt Defence Expo 2025 (EDEX 2025), which is considered one of the most important platforms specialising in defence and security industries in the region. The exhibition witnessed a significant...

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Business & Money | Tuesday 2 December, 2025 1:09 pm

Mubadala Energy, PLN Energi Primer Indonesia sign Heads of Agreement to strengthen Indonesia’s energy resilience

Mubadala Energy and PLN Energi Primer Indonesia (PLN EPI), a subsidiary of Indonesia’s energy and electricity supplier, have signed a Heads of Agreement (HoA) to supply gas from its gas fields in the Andaman Sea. This framework marks a significant milestone for Indonesia’s energy...

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Business & Money | Tuesday 2 December, 2025 8:15 am

SMC to establish Al Wadi Real Estate Fund

Specialized Medical Co. (SMC) announced its intention to establish Al Wadi Real Estate Fund, a close-ended, Shariah-compliant real estate investment fund. The company said in a statement on Tadawul that, as part of the fund’s structure, it will contribute a company-owned land plot as an...

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Business & Money | Tuesday 2 December, 2025 8:14 am

SABIC to commence production at Fujian project in H2 2026: CEO

Abdulrahman Al-Fageeh, CEO of Saudi Basic Industries Corp. (SABIC), said that production at the Fujian project in China will begin in the second half of 2026. In statements to Al Arabiya Business, the top executive added that the project’s completion rate reached 87% by the end of Q3...

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Business & Money | Tuesday 2 December, 2025 8:00 am

Ajman secures Guinness World Record with 603-vehicle formation of 'EID AL ETIHAD UAE 54'

The Emirate of Ajman has marked a significant achievement by officially entering the Guinness World Records. This follows the successful formation of the world’s largest celebratory phrase using vehicles, where 603 automobiles were precisely arranged to spell out the message, “EID AL ETIHAD UAE ...

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Business & Money | Tuesday 2 December, 2025 7:51 am

OPEC deal rewards investors, believers in demand growth: Minister

Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, said that the OPEC agreement concluded on Nov. 30 rewards those who invest and believe in the existence of demand growth, placing producers in an advanced position among global peers. According to Al Ekhbariya TV, the...

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