Business & Money | Wednesday 19 November, 2025 1:28 pm

Partnership between former Prime Minister of the United Kingdom and the Real Estate Future Forum

As part of preparations for the fifth edition of the Real Estate Future Forum, taking place in May 2025, Forum officials met in London with Baroness Theresa May, former Prime Minister of the United Kingdom and member of the House of Lords. The meeting was held during an international tour aimed at...

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Business & Money | Monday 15 December, 2025 1:00 pm

GIB Capital Strengthens Regional Leadership with Three Landmark International Capital Markets Transactions Totalling USD 2.1 Billion

GIB Capital, one of the region’s leading financial and investment banking advisors, today announced the successful execution of three major international capital markets transactions in November 2025, underscoring the firm’s growing influence and distribution strength across global debt...

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Business & Money | Monday 15 December, 2025 9:51 am

PALMA DEVELOPMENT AWARDS AED 760 MILLION CONTRACT FOR WEST RESIDENCE AT SERENIA DISTRICT

 Palma Development, one of the pioneering developers in the UAE real estate industry, has awarded an AED 760 million construction contract to Khansaheb Civil Engineering to deliver the West Residence, a 46-storey tower, which represents phase 1 within Serenia District at Jumeirah Islands. The...

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Government | Monday 15 December, 2025 9:28 am

Dubai Customs launches project to update its strategic plan 2026–2030

As part of its ongoing efforts to strengthen Dubai’s position as a leading global hub for trade, economy, and government innovation, Dubai Customs announced the launch of its project to update its institutional strategic plan 2026–2030. This initiative reflects the organization’s...

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Business & Money | Monday 15 December, 2025 9:25 am

Alkhorayef Water awarded SAR 57.3M contract by NWC in Hafer Al-Batin

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded a contract on Dec. 11 by the National Water Co. (NWC) at a value of SAR 57.28 million (excluding VAT).   Under the 36-month contract, AWPT will perform the operation and maintenance of water and wastewater networks in...

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Sports | Monday 15 December, 2025 9:21 am

Prince Alwaleed to acquire Al Hilal FC for SAR 7.5B: Report

The acquisition of Al Hilal Club by Prince Alwaleed bin Talal bin Abdulaziz, Chairman of Kingdom Holding Co., has reached final stages, with an announcement expected before the end of December, sources familiar with the matter said. According to Asharq Al-Awsat newspaper,...

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Government | Monday 15 December, 2025 9:16 am

Violations schedule regulating landlord, tenant relationship approved

The Official Gazette published the classification schedule of violations related to regulatory provisions governing the relationship between landlord and tenant, which was approved by the Council of Ministers. ...

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Business & Money | Monday 15 December, 2025 9:14 am

Red Sea International unit renews SAR 439.6M banking facilities

Red Sea International Co.’s subsidiary, the Fundamental Installation for Electric Work Co. (First Fix), signed two financial facilities agreements with Alinma Bank and Riyad Bank, at a total value of SAR 439.6 million, according to two separate statements to Tadawul. The first...

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Business & Money | Monday 15 December, 2025 9:12 am

SAL inks integrated logistics deal with AFC Cup 2027 Organizing Committee

SAL Saudi Logistics Services Co., through its logistics division, signed a framework agreement on Dec. 14 with the Local Organizing Committee for the AFC Asian Cup 2027 to provide integrated logistics and supply chain solutions for related events and activities. In a statement to Tadawul, the...

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Environment & Energy | Monday 15 December, 2025 9:11 am

ACWA Power closes Kuwait, Bahrain assets acquisition

ACWA Power Co. acquired gas-fired power generation assets with a capacity of 4.6 gigawatt (GW), water desalination assets with a capacity of 1.1 million cubic meters per day, and related O&M companies in Bahrain and Kuwait from a subsidiary of Engie SA.   Acquisition completed...

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Business & Money | Sunday 14 December, 2025 7:49 am

Under the patronage of the Deputy Governor of the Makkah Region and in the gracious presence of the Governor of Jeddah, Souq7 is inaugurated in the Kingdom as the largest open-air retail and entertainment destination.

Under the patronage of His Royal Highness Prince Saud bin Mishaal bin Abdulaziz Al Saud, and honoured by the presence of His Highness Prince Saud bin Abdullah bin Jalawi, Governor of Jeddah, Souq7 officially opened its doors on Wednesday, December 10, 2025 (19 Jumada Al-Akhirah 1447H), marking a...

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