Business & Money | Sunday 14 December, 2025 7:42 am

Dubai Maritime Authority announces Mandatory Plan for Marine Traffic on New Year’s Eve 2026

The Dubai Maritime Authority at the Ports, Customs and Free Zone Corporation has announced the implementation of a mandatory plan for managing marine traffic in preparation for the 2026 New Year’s Eve celebrations, aiming to ensure the highest levels of safety and organization across Dubai’s...

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Business & Money | Sunday 14 December, 2025 7:33 am

Union Properties breaks ground ‘Mirdad’, another flagship AED 2 billion community development in Motor City

Union Properties PJSC (“Union Properties” or “the Company”) (DFM symbol: UPP) has officially broken ground on ‘Mirdad’, its AED 2 billion flagship project in Dubai Motor City, the Company’s second landmark development in the area. This milestone underscores Union Properties’ renewed ...

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Business & Money | Sunday 14 December, 2025 7:29 am

Abu Dhabi launches FIDA cluster to shape the next generation of financial and investment solutions

Abu Dhabi has launched the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster to accelerate the development of next-generation financial and investment solutions and expand the emirate’s role as a global capital hub. Spearheaded by the Abu Dhabi Department of Economic...

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Business & Money | Sunday 14 December, 2025 7:20 am

Residential property prices mixed in Q3 2025: JLL

JLL said that growth in Saudi residential property prices has slowed and, in some cases, declined following a period of strong expansion, particularly in the capital, Riyadh.   In a report, JLL noted that other markets recorded strong demand accompanied by continued price increases,...

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Business & Money | Sunday 14 December, 2025 7:15 am

Saudi Arabia issues 95 new industrial licenses in October

Saudi Arabia’s Ministry of Industry and Mineral Resources issued 95 new industrial licenses in October, while 81 factories began production during the same month. The newly licensed projects represent investments exceeding SAR 2.4 billion and are expected to create more than 942 jobs across...

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Business & Money | Sunday 14 December, 2025 7:15 am

Events Investment Fund to develop 20 projects in Riyadh, Jeddah for SAR 8B

Wahdan Al Kadi, CEO of the Events Investment Fund (EIF), said that the fund plans to develop 20 projects in Riyadh and Jeddah at a total value of SAR 8 billion over the next five years.   Speaking to Al-Eqtisadiah on the sidelines of the Development Finance Conference (MOMENTUM) in...

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Business & Money | Sunday 14 December, 2025 7:13 am

HRSD Ministry aims to close the skills gap: Official

Saudi Arabia’s Ministry of Human Resources and Social Development (HRSD) has rolled out national initiatives and programs, in partnership with the private sector, to close the skills gap and better prepare the workforce for future labour market needs, said Abdullah Abuthnain, Vice Minister of...

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Business & Money | Sunday 14 December, 2025 7:12 am

Saudi real estate enters new phase on advanced regulations: REGA CEO

Saudi Arabia’s real estate sector is entering a new phase driven by advanced regulations, digital governance and the activation of a framework allowing non-Saudis to own property, boosting market transparency and appeal, said Abdullah Al-Hammad, CEO of Real Estate General Authority...

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Business & Money | Sunday 14 December, 2025 6:45 am

45 MoUs Valued at SAR 6 Billion Signed at MOMENTUM 2025 to Power Saudi Arabia’s Sustainable Development

The MOMENTUM 2025 Development Finance Conference, which ran from 9 to 11 December, saw the signing of 45 Memoranda of Understanding (MoUs) and agreements with a total value of approximately SAR 6 billion. Signed by the National Development Fund (NDF) and its affiliated sector funds and banks with...

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Business & Money | Friday 12 December, 2025 1:54 am

PwC Middle East announces new flagship office in Riyadh’s Laysen Valley, supporting continued growth and regional operations

 PwC Middle East has relocated its Riyadh office to Laysen Valley, providing an expanded space to support its people, clients and growing operations in the Kingdom. The new office brings together PwC’s teams and capabilities in a purpose-built environment designed for collaboration, delivery ...

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