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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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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Business & Money | Monday 29 December, 2025 8:48 am

Ajman Department of Finance Organises the 2025 “Suppliers Forum” with Government Suppliers

As part of its commitment to strengthening strategic partnerships and fostering direct communication with its stakeholders, the Ajman Department of Finance organised the Suppliers Forum, bringing together representatives of suppliers to the Government of Ajman. The forum aimed to enhance engagement ...

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Business & Money | Monday 29 December, 2025 8:42 am

The Luxe Developers appoints Aquapile Contracting for shoring and piling works at La Mazzoni

The Luxe Developers, a leading UAE-based real estate development firm, has appointed Aquapile Contracting to undertake the shoring and piling works for La Mazzoni, the company’s AED2.3 billion wellness-integrated luxury development on Al Marjan Island, Ras Al Khaimah. The appointment comes...

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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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Business & Money | Sunday 28 December, 2025 9:43 am

REGA refers developers of 14 real estate projects to Public Prosecution

Saudi Arabia’s Real Estate General Authority (REGA) referred developers of 14 real estate projects to the Public Prosecution after detecting violations, including engaging in off-plan sales and collecting funds from beneficiaries without obtaining the required licenses. The violations were...

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