Business & Money | Thursday 6 November, 2025 10:56 am

SAL to kick off construction work in Riyadh project within 60 days: CEO

Omar Hariri, CEO of SAL Saudi Logistics Services Co., said that the company has begun receiving the land for the Falcon City project in northern Riyadh, with infrastructure works set to begin within 60 days. The first phase in the project will be completed by 2027, with the entire project...

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Business & Money | Thursday 6 November, 2025 10:53 am

MOMAH outlines financial rewards system for whistleblowers of municipal violations

The Ministry of Municipalities and Housing (MOMAH) clarified the mechanism for granting financial rewards to whistleblowers of violations of the municipal penalties' regulation. This is part of MOMAH’s integrated regulatory framework that is aimed at empowering the local municipal sector,...

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Business & Money | Thursday 6 November, 2025 10:43 am

Dubai Holding and Palantir launch Aither: A joint venture to lead AI transformation

Dubai Holding, a diversified global investment company with investments in more than 30 countries, and Palantir Technologies, a global leader in operational artificial intelligence platforms, have announced a strategic agreement to establish a joint venture (JV) - Palantir’s first in the UAE ...

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Business & Money | Wednesday 5 November, 2025 4:24 pm

Al Akaria signs SAR 425M contract for Fai Sedra II residential complex

Saudi Real Estate Co. (Al Akaria) signed a 730-day contract with Rezik Abdullah Saeed Algedrawy Al-Thubaiti & Partners Co. Ltd. to develop the Fai Sedra II residential complex project located in the Sedra, Roshn district in Riyadh. The contract is valued at SAR 425 million (excluding...

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Business & Money | Wednesday 5 November, 2025 4:21 pm

How $22 Trillion in Private Capital Can Become a Driver of Development: EDB's Nikolay Podguzov Presented a Solution at FII9 in Riyadh

The Chairman of the Management Board of the Eurasian Development Bank, Nikolai Podguzov, took part in one of the world’s key investment forums — the Future Investment Initiative (FII9) organized by the FII Institute in Riyadh. Mr. Podguzov joined the panel “Can purpose-driven capital...

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Business & Money | Wednesday 5 November, 2025 4:18 pm

RAKEZ showcases its expanding F&B ecosystem at Gulfood Manufacturing 2025

Ras Al Khaimah Economic Zone (RAKEZ) is participating in Gulfood Manufacturing 2025, the region’s leading platform for the food and beverage processing industry, taking place at Dubai World Trade Centre over two days, 4–5 November. The economic zone is highlighting its growing role as a...

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Business & Money | Wednesday 5 November, 2025 4:16 pm

MENA region witnesses increased M&A activity in the first 9 months of 2025 with 649 deals totaling US$69.1b

According to the EY MENA M&A Insights 9M 2025 report, the MENA region recorded a 23% rise in merger and acquisition (M&A) activity in the first nine months of this year with 649 deals with a total value of US$69.1b. The GCC region accounted for the majority of the deals at 500, valued at...

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Business & Money | Wednesday 5 November, 2025 4:13 pm

GCC Ranks 2nd Globally as an AI Powerhouse: High Adoption, Strong Leadership, and Bold Transformation

 As AI becomes more mainstream, optimism and confidence in the GCC are notably higher than global averages, according to Boston Consulting Group's (BCG) latest "From Pilots to Progress: AI at Work in the GCC" study. The survey reveals that in 2025, the region ranked 2nd globally in AI...

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Business & Money | Wednesday 5 November, 2025 4:09 pm

Finalists for the Light Middle East Awards 2026 highlight excellence in global lighting design and technology

The Light Middle East Awards, the region’s most prestigious celebration of lighting excellence, has unveiled the finalists for the 12th edition of the awards, which is set to take place on 14 January at the Conrad Hotel in Dubai.  Recognised as the largest and most influential awards...

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Business & Money | Wednesday 5 November, 2025 4:07 pm

AI is no longer a side project: Technology leaders at ADIPEC call for bold, coordinated investment to accelerate energy progress

Artificial intelligence (AI) and digitalisation took centre stage on day 2 of ADIPEC 2025, where global energy, technology and finance leaders discussed the need for smarter investment to scale technologies and drive inclusive global progress. Government and industry leaders at ADIPEC 2025...

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