Business & Money | Monday 30 June, 2025 12:59 pm

PALMA DEVELOPMENT COMMENCES ENABLING WORKS FOR WEST RESIDENCE AT SERENIA DISTRICT IN JUMEIRAH ISLANDS

 Palma Development, one of the pioneering developers in the UAE real estate industry, has announced the appointment of APCC Piling & Marine Contracting to commence shoring and piling works at West Residence, the first residential tower within Serenia District, ...

More Details

Tourism & Hospitality | Monday 30 June, 2025 12:53 pm

Saudia Launches Direct Flights to Antalya

Saudia, the national flag carrier of Saudi Arabia, has officially launched direct flights to Antalya, its second destination in the Republic of Turkey following Istanbul. The new route departs from King Abdulaziz International Airport in Jeddah and operates three weekly flights in each direction....

More Details

Business & Money | Monday 30 June, 2025 12:51 pm

Abu Dhabi population in 2024 grows 7.5% to reach 4.14 million

New data released by the Statistics Centre – Abu Dhabi (SCAD) showed that Abu Dhabi achieved a 7.5 percent growth in population in 2024, reaching a total of 4,135,985 people. This growth rate substantially exceeds that of established international financial centres, reflecting Abu Dhabi's...

More Details

Business & Money | Monday 30 June, 2025 12:49 pm

Dubai Municipality suspends two consultancy firms for violating professional norms, regulations

Dubai Municipality has announced that the Committee of Registration and Licensing the Practice of Engineering Consultancy & Contracting has issued a decision to suspend two engineering consultancy offices and bar them from licensing any new projects for a period of six months. The...

More Details

Business & Money | Monday 30 June, 2025 12:00 pm

Saudi Arabia: FDI inflows reach $ 5.9 billion in Q1 2025

The Saudi General Authority for Statistics (GASTAT) reported on Sunday that Foreign Direct Investment (FDI) inflows reached SAR 22.2 billion (USD 5.9 billion) in Q1 2025, while overall unemployment rate (including Saudis and non-Saudis) stood at 2.8%. The data indicated a 44% increase in FDI...

More Details

Business & Money | Monday 30 June, 2025 11:59 am

Tabreed, CVC DIF to acquire Abu Dhabi’s PAL Cooling from Multiply Group

CVC DIF, the infrastructure strategy of leading global private markets manager, CVC, and Tabreed, the world’s leading district cooling company, have entered a partnership to acquire PAL Cooling Holding from Abu Dhabi’s Multiply Group. The transaction, with an equity value of approximately...

More Details

Business & Money | Monday 30 June, 2025 11:54 am

Dubai South launches 10-million-square-foot 'Hayat' community

Dubai South Properties has announced the launch of Hayat, a new master-planned community spanning 10 million square feet. The development is located in the Golf District at Dubai South, near the existing terminal of Al Maktoum International Airport. Hayat by Dubai South will feature...

More Details

Business & Money | Monday 30 June, 2025 11:51 am

Edarat receives new SAR 4.5M purchase order under NEOM contract

Edarat Communication and Information Technology Co. received today, June 29, a new purchase order under an existing cloud services contract with NEOM. The order covers Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) solutions, Edarat said in a statement to Tadawul. The...

More Details

Business & Money | Monday 30 June, 2025 11:49 am

Masar sells 2 land plots in destination project for SAR 410.3M

Umm Al Qura for Development and Construction Co. (Masar) signed two land sale agreements within the Masar Destination project in Makkah for SAR 410.27 million. Masar is the owner, developer, and operator of the Masar Destination project. The first land plot, measuring 2,703 square...

More Details

Business & Money | Monday 30 June, 2025 11:47 am

CATRION signs SAR 33M catering deal with Saudi Aramco

CATRION Catering Holding Co. (CATRION) ) signed a SAR 33 million contract with Saudi Arabian Oil Co. (Saudi Aramco) on June 29, the company said in a statement to Tadawul. Under the three-year agreement, CATRION will provide in-flight catering services for VIPs and passengers flying with...

More Details