Business & Money | Wednesday 19 November, 2025 1:28 pm

Partnership between former Prime Minister of the United Kingdom and the Real Estate Future Forum

As part of preparations for the fifth edition of the Real Estate Future Forum, taking place in May 2025, Forum officials met in London with Baroness Theresa May, former Prime Minister of the United Kingdom and member of the House of Lords. The meeting was held during an international tour aimed at...

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Business & Money | Monday 29 December, 2025 10:20 am

Banan signs MoU to establish Shariah-compliant private REIT

Banan Real Estate Co. said it signed a memorandum of understanding with Artal Capital and Rakan Al-Tasan to establish a Shariah-compliant private real estate investment trust (REIT) licensed by the Capital Market Authority (CMA), according to a statement to Tadawul. The fund will acquire a...

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Business & Money | Monday 29 December, 2025 10:18 am

Saudi unemployment rate hits 7.5% in Q3 2025: GASTAT

Saudi Arabia’s unemployment rate among nationals rose to 7.5% in the third quarter of 2025, up from 6.8% in the second quarter, according to the Labor Force Survey released by the General Authority for Statistics (GASTAT), today, Dec. 29. The unemployment rate among Saudi males stood at...

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Business & Money | Monday 29 December, 2025 10:11 am

KEC announces non-renewal of CEO’s contract, names Hazem El Banna as acting CEO

Knowledge Economic City’s (KEC) board of directors decided to accept the request submitted by CEO Mohammad Al-Mubarak, on Dec. 1, not to renew his contract with the company. In a statement to Tadawul, the company said the decision, effective Jan. 1, 2026, is at Al-Mubarak’s request due to...

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Government | Monday 29 December, 2025 10:11 am

SAMA directs to stop requesting promissory notes from individuals for credit card financing

The Saudi Central Bank (SAMA) directed finance companies to stop requesting promissory notes or any commercial paper from individual customers when offering credit card financing products. SAMA explained that this step comes after the recent spread of the practice of obtaining promissory notes ...

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Business & Money | Monday 29 December, 2025 10:06 am

Dubai real estate enters 2026 with shift to logic-based buying

After another record-breaking year for Dubai real estate, the market is heading into 2026 with momentum-driven decisions giving way to logic-based buying, while luxury remains the most resilient sector.In an in-depth market report, fäm Properties says 2026 will be a year that rewards projects and...

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Business & Money | Monday 29 December, 2025 10:04 am

Empower was recognised with the MAJRA Gold Impact Seal for its leading initiatives in Corporate Social Responsibility.

Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, has won the Gold Impact seal from the National CSR Fund (MAJRA), which is the highest federal recognition for sustainable practices in private companies, at the inaugural Impact...

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Government | Monday 29 December, 2025 10:03 am

Dubai Courts is preparing to implement the decision regulating the fees of the Private Notary Public in the Emirate of Dubai during the coming month.

Dubai Courts announced its readiness to implement the decision on setting the fees of the Private Notary Public in the Emirate of Dubai, effective as of 2 January 2026. The decision aims to regulate the fees associated with the services provided. It also seeks to unify procedures and ensure the...

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Business & Money | Monday 29 December, 2025 8:30 am

Raoom signs deal to acquire factory in Hail for SAR 15M

Raoom Trading Co. said it signed a deal on Dec. 28 to acquire an existing industrial operating asset in Hail Industrial City for SAR 15 million. The asset includes a glass factory along with its operational facilities and fixed assets, the company said in a statement to...

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Business & Money | Sunday 28 December, 2025 10:05 am

The Ports, Customs and Free Zone Corporation Wins Two Gold Stevie® Awards for Sustainability and Leadership

The Ports, Customs and Free Zone Corporation (PCFC) has achieved a new global milestone by winning two Gold Stevie® Awards in the fields of sustainability and leadership, reaffirming its institutional excellence and global standing. This recognition comes in acknowledgment of the success of...

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Business & Money | Sunday 28 December, 2025 9:59 am

Dubai Customs maintains "Best Workplace" accreditation for sixth consecutive year

Dubai Customs has cemented its global position in the field of workplace development, receiving the "Best Workplace" certification from the Great Place to Work institution for the sixth consecutive year, an achievement that confirms the sustainability of its institutional approach to empowering...

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