Government | Thursday 18 December, 2025 8:45 am

Cancelling expat levy boosts Saudi industry’s global position: Alkhorayef

The decision to abolish the financial levy imposed on expatriate workers in industrial facilities will enhance the global competitiveness of Saudi industry and expand the reach and penetration of non-oil exports across international markets, said Bandar Alkhorayef, Minister of Industry and Mineral...

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Business & Money | Thursday 18 December, 2025 8:43 am

Umm Al Qura for Development, Electromin launch first electric BRT network at Masar Destination in Makkah

Umm Al Qura for Development & Construction Co., owner and developer of Masar Destination in Makkah, in collaboration with Electromin, a provider of smart mobility and clean energy solutions, launched today the first electric transit network of its kind across Saudi Arabia and the Middle East,...

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Government | Thursday 18 December, 2025 8:42 am

Saudi Cabinet scraps expat levy for licensed industrial facilities

The Saudi Cabinet, chaired by Crown Prince and Prime Minister Mohammed bin Salman, approved the abolition of fees imposed on expatriate labor in licensed industrial facilities, based on a recommendation submitted by the Council of Economic and Development Affairs (CEDA).   According...

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Government | Thursday 18 December, 2025 8:41 am

RCRC declares results of Tawazoun platform land draw

The Royal Commission for Riyadh City (RCRC) announced today the results of the electronic draw for purchasing residential land through the Real Estate Balance Platform (Tawazoun), following the completion of all procedures related to verifying applicants’ eligibility and reviewing objections...

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Business & Money | Thursday 18 December, 2025 8:02 am

Social Development Bank Gears Up to Launch “DeveGo 2025,” the Region’s Premier Entrepreneurship and Innovation Forum

The Social Development Bank (SDB) has announced its readiness to launch the second edition of the Entrepreneurship and Modern Business Practices Forum, “DeveGo 2025,” which will take place at the King Abdulaziz International Conference Center in Riyadh, from 21 to 23 December, under the...

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Business & Money | Wednesday 17 December, 2025 12:17 pm

United Mining starts commercial production for gypsum board project

Nomu-listed United Mining Industries Co. announced the start of commercial production for its gypsum board production line project. According to a statement to Tadawul, the financial impact of the project’s commercial production is expected to begin in Q1 2026. According to Argaam data, ...

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Business & Money | Wednesday 17 December, 2025 12:02 pm

Azizi Developments’ Burj Azizi Global University Exposure Program to continue into 2026, expanding global reach and academic engagement

Azizi Developments, a leading private developer in the UAE, is advancing its Burj Azizi Global University Exposure Program, aimed at sharing Dubai’s engineering and architectural expertise with the next generation of global talent. Launched in January 2025 as a four-year initiative running...

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Business & Money | Wednesday 17 December, 2025 11:54 am

Schneider Electric Certified as Employer of Choice across 11 Key Middle East and Africa Markets

Schneider Electric, a global energy technology leader, today announced that it has achieved the Great Place To Work® (GPTW) and the Best Place To WorkTM certificates across 11 key markets in the Middle East and Africa (MEA) zone. The wins confirm Schneider Electric’s commitment to embed a...

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Business & Money | Wednesday 17 December, 2025 11:41 am

Ajman’s Department of Finance Wins the Arabia Social Responsibility and Sustainability Award 2025

The Department of Finance in Ajman has been awarded the Arabia Social Responsibility and Sustainability Award 2025, in its 18th edition, under the category of Small Government Entities. The recognition reflects the Department’s steadfast commitment to adopting best practices in social...

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Business & Money | Wednesday 17 December, 2025 11:40 am

GARBE Industrial and ARTAR Set up Strategic Joint Venture for Logistics Real Estate Developments in Saudi Arabia

GARBE Industrial, one of the leading developers, providers and managers of logistics and light industrial real estate in Germany and Europe, and ARTAR, a leading real estate developer in the Kingdom of Saudi Arabia have signed a memorandum of understanding to establish a landmark joint venture. The ...

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