Business & Money | Tuesday 16 December, 2025 9:25 am

Mastercard achieves its first Guinness World Records™ title in Saudi Arabia with its “Priceless Dribble” campaign

Mastercard has achieved a Guinness World Records™ title for the Most nationalities passing a football with its “Priceless Dribble” campaign in the Saudi capital Riyadh that has become a symbol of unity in the Kingdom. As Saudi Arabia gears up to becoming a global hub for sports events, people ...

More Details

Business & Money | Tuesday 16 December, 2025 9:19 am

JLL acquires stake in PIF’s facility management arm FMTECH

JLL announced today, Dec. 15, signing an agreement to acquire a “significant stake” in Saudi Facility Management Co. (FMTECH) — a company owned by the Public Investment Fund (PIF). PIF will maintain a majority stake in FMTECH. The transaction is expected to close subject to customary...

More Details

Business & Money | Tuesday 16 December, 2025 9:15 am

Saudi Arabia ranks 10th among G20 countries on UHC Index

Saudi Arabia has achieved progress in the Universal Health Coverage (UHC) Index, as its coverage score rose from 74 points to 83 points, recording a jump of 9 points, showed the results of the 2025 report issued by the World Health Organization and the World Bank Group.   The Kingdom ...

More Details

Business & Money | Monday 15 December, 2025 1:00 pm

GIB Capital Strengthens Regional Leadership with Three Landmark International Capital Markets Transactions Totalling USD 2.1 Billion

GIB Capital, one of the region’s leading financial and investment banking advisors, today announced the successful execution of three major international capital markets transactions in November 2025, underscoring the firm’s growing influence and distribution strength across global debt...

More Details

Business & Money | Monday 15 December, 2025 9:51 am

PALMA DEVELOPMENT AWARDS AED 760 MILLION CONTRACT FOR WEST RESIDENCE AT SERENIA DISTRICT

 Palma Development, one of the pioneering developers in the UAE real estate industry, has awarded an AED 760 million construction contract to Khansaheb Civil Engineering to deliver the West Residence, a 46-storey tower, which represents phase 1 within Serenia District at Jumeirah Islands. The...

More Details

Business & Money | Monday 15 December, 2025 9:25 am

Alkhorayef Water awarded SAR 57.3M contract by NWC in Hafer Al-Batin

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded a contract on Dec. 11 by the National Water Co. (NWC) at a value of SAR 57.28 million (excluding VAT).   Under the 36-month contract, AWPT will perform the operation and maintenance of water and wastewater networks in...

More Details

Business & Money | Monday 15 December, 2025 9:14 am

Red Sea International unit renews SAR 439.6M banking facilities

Red Sea International Co.’s subsidiary, the Fundamental Installation for Electric Work Co. (First Fix), signed two financial facilities agreements with Alinma Bank and Riyad Bank, at a total value of SAR 439.6 million, according to two separate statements to Tadawul. The first...

More Details

Business & Money | Monday 15 December, 2025 9:12 am

SAL inks integrated logistics deal with AFC Cup 2027 Organizing Committee

SAL Saudi Logistics Services Co., through its logistics division, signed a framework agreement on Dec. 14 with the Local Organizing Committee for the AFC Asian Cup 2027 to provide integrated logistics and supply chain solutions for related events and activities. In a statement to Tadawul, the...

More Details

Business & Money | Sunday 14 December, 2025 7:49 am

Under the patronage of the Deputy Governor of the Makkah Region and in the gracious presence of the Governor of Jeddah, Souq7 is inaugurated in the Kingdom as the largest open-air retail and entertainment destination.

Under the patronage of His Royal Highness Prince Saud bin Mishaal bin Abdulaziz Al Saud, and honoured by the presence of His Highness Prince Saud bin Abdullah bin Jalawi, Governor of Jeddah, Souq7 officially opened its doors on Wednesday, December 10, 2025 (19 Jumada Al-Akhirah 1447H), marking a...

More Details

Business & Money | Sunday 14 December, 2025 7:43 am

Azizi Developments Signs Large Land Lease Agreement of 440,000 sqm with AD Ports Group

Azizi Developments, a leading private developer in the UAE, today announced that it has signed a 50-year lease agreement with AD Ports Group (ADX: ADPORTS) subsidiary Khalifa Economic Zones Abu Dhabi – KEZAD Group, representing an investment value of AED 2 billion that will facilitate the growth...

More Details