Business & Money | Tuesday 25 November, 2025 8:00 am

SAIB sells 44.4%-owned Riyadh land, records SAR 801.1M net proceeds

The Saudi Investment Bank (SAIB) finalized the sale of a 44.4%-owned land plot, located on Khurais Road in Riyadh. The bank’s share of net proceeds, after deducting auction-related costs and expenses, stood at SAR 801.1 million, according to a Tadawul filing. SAIB explained that...

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Business & Money | Tuesday 25 November, 2025 8:00 am

SWA achieves SAR 3.3B financial savings in 2024

The Saudi Water Authority (SWA) reported in 2024 its highest annual financial savings since launching its initiative to reduce desalinated water production costs. By year-end, savings reached SAR 3.3 billion, bringing the cumulative five-year savings to more than SAR 10.9 billion, the...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Al-Khorayef says innovation, not factory count, defines industrial progress

Industrial progress is not measured solely by the number of factories, but by the sector’s ability to achieve industrial inclusiveness, drive innovation and ensure sustainability, Minister of Industry and Mineral Resources Bandar Al-Khorayef said. During his opening speech at the General...

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Business & Money | Tuesday 25 November, 2025 6:20 am

Everything You Need to Know Before You Start Trading Gold - The Complete JustMarkets Review

As 2025 unfolds, gold continues to show the same resilient behavior that has long made it a preferred asset during uncertain economic cycles. While short-term fluctuations are common, the metal has generally held its ground amid shifting interest-rate expectations and geopolitical...

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Business & Money | Monday 24 November, 2025 11:03 am

UAE strengthens climate leadership, rallies global efforts to finance climate action at COP30: Minister

Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, led the UAE delegation to the 30th UN Climate Change Conference (COP30) in Belém, Brazil, where she underscored the nation’s commitment to accelerating global climate action, mobilizing innovative financing mechanisms,...

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Business & Money | Monday 24 November, 2025 11:01 am

Mohammed bin Rashid approves Dubai Government’s General Budget Cycle for 2026-2028, largest in emirate’s history

In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved Law No. 15 of 2025 regarding the Government of Dubai's general budget cycle for the fiscal years 2026-2028, and the Dubai Government’s general budget...

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Business & Money | Monday 24 November, 2025 8:00 am

SGP breaks ground on Dammam logistics zone

Prince Saud bin Nayef bin Abdulaziz, Governor of Eastern Province, inaugurated the new expansion of King Abdulaziz Port’s second container terminal in Dammam, backed by over SAR 2.8 billion in private-sector investment. He also laid the foundation stone for an integrated logistics zone...

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Business & Money | Monday 24 November, 2025 8:00 am

Albasateen Real Estate unveils Al Basateen Tower project, signs development deals at Cityscape

Albasateen Real Estate Company unveiled its Al Basateen Tower project in Riyadh, located at the intersection of King Fahd Road and the Northern Ring Road in Al Nakheel district, while taking part in Cityscape Global 2025. The project spans more than 3,500 square meters with over 60,000 square...

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Business & Money | Monday 24 November, 2025 8:00 am

Rikaz Announces a Strategic Partnership with Logistiya and Forsa Capital to Launch a Logistics Real Estate Fund with an Investment of SAR 300 Million

Rikaz, Saudi Arabia's leading real estate developer, announced the signing of a strategic partnership with Logistiya, a company specialized in developing logistics facilities, and Forsa Capital, an investment fund management firm, to launch a logistics real estate fund with investments estimated at ...

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Business & Money | Monday 24 November, 2025 8:00 am

DUBAI SOUTH SIGNS MOU WITH EMIRATI HUMAN RESOURCES DEVELOPMENT COUNCIL IN DUBAI TO ENHANCE EMIRATISATION ACROSS STRATEGIC SECTORS

Dubai South, the largest single-urban master development in the region, signed a Memorandum of Understanding (MoU) with The Emirati Human Resources Development Council (EHRDC) in Dubai, which aims to empower Emirati talent and strengthen their integration into the job market. This step aims to...

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