Business & Money | Sunday 14 December, 2025 7:20 am

Residential property prices mixed in Q3 2025: JLL

JLL said that growth in Saudi residential property prices has slowed and, in some cases, declined following a period of strong expansion, particularly in the capital, Riyadh.   In a report, JLL noted that other markets recorded strong demand accompanied by continued price increases,...

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Business & Money | Sunday 14 December, 2025 7:15 am

Saudi Arabia issues 95 new industrial licenses in October

Saudi Arabia’s Ministry of Industry and Mineral Resources issued 95 new industrial licenses in October, while 81 factories began production during the same month. The newly licensed projects represent investments exceeding SAR 2.4 billion and are expected to create more than 942 jobs across...

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Business & Money | Sunday 14 December, 2025 7:15 am

Events Investment Fund to develop 20 projects in Riyadh, Jeddah for SAR 8B

Wahdan Al Kadi, CEO of the Events Investment Fund (EIF), said that the fund plans to develop 20 projects in Riyadh and Jeddah at a total value of SAR 8 billion over the next five years.   Speaking to Al-Eqtisadiah on the sidelines of the Development Finance Conference (MOMENTUM) in...

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Business & Money | Sunday 14 December, 2025 7:13 am

HRSD Ministry aims to close the skills gap: Official

Saudi Arabia’s Ministry of Human Resources and Social Development (HRSD) has rolled out national initiatives and programs, in partnership with the private sector, to close the skills gap and better prepare the workforce for future labour market needs, said Abdullah Abuthnain, Vice Minister of...

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Business & Money | Sunday 14 December, 2025 7:12 am

Saudi real estate enters new phase on advanced regulations: REGA CEO

Saudi Arabia’s real estate sector is entering a new phase driven by advanced regulations, digital governance and the activation of a framework allowing non-Saudis to own property, boosting market transparency and appeal, said Abdullah Al-Hammad, CEO of Real Estate General Authority...

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Business & Money | Sunday 14 December, 2025 6:45 am

45 MoUs Valued at SAR 6 Billion Signed at MOMENTUM 2025 to Power Saudi Arabia’s Sustainable Development

The MOMENTUM 2025 Development Finance Conference, which ran from 9 to 11 December, saw the signing of 45 Memoranda of Understanding (MoUs) and agreements with a total value of approximately SAR 6 billion. Signed by the National Development Fund (NDF) and its affiliated sector funds and banks with...

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Business & Money | Friday 12 December, 2025 1:54 am

PwC Middle East announces new flagship office in Riyadh’s Laysen Valley, supporting continued growth and regional operations

 PwC Middle East has relocated its Riyadh office to Laysen Valley, providing an expanded space to support its people, clients and growing operations in the Kingdom. The new office brings together PwC’s teams and capabilities in a purpose-built environment designed for collaboration, delivery ...

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Business & Money | Friday 12 December, 2025 12:38 am

RAKEZ wins silver award for Best Waste Diversion Initiative at Middle East Waste & Recycling Awards 2025

Ras Al Khaimah Economic Zone (RAKEZ) has achieved a significant sustainability milestone by winning silver award for Best Waste Diversion Initiative – Government Sector category, at the Middle East Waste & Recycling (MEWAR) Awards 2025. The recognition reflects the organisation’s leadership ...

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Business & Money | Friday 12 December, 2025 12:37 am

Automechanika Dubai showcases bold vision for autonomous-ready cities

A transformative blueprint for autonomous urban mobility took centre stage yesterday at Automechanika Dubai’s Innovation4Mobility conference at the Dubai World Trade Centre, as industry experts examined how future cities can redesign infrastructure, regulatory systems and societal frameworks to...

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Business & Money | Thursday 11 December, 2025 10:51 am

The Events Investment Fund Announces Strategic Joint Venture with the World’s Largest Venue Management Operator

The Events Investment Fund (EIF) — launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, under the National Development Fund (NDF) — today announced the formation of a strategic joint venture with Legends Global, the...

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