The UAE’s GDP is expected to expand by over 5 percent in 2024, exceeding the 2.8 percent growth expected for the global economy, according to Standard and Poor's Global Ratings projections. Tatiana Leskova, Associate Director of Corporate Ratings at Standard and Poor's Global Ratings, told...
Azizi Developments, a leading private developer in the UAE, has announced the 60% construction completion of Amber, its premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan. Amber comprises a mix of studios, one-, two- and three-bedroom residences, and is due...
The Department of Community Development (DCD) in Abu Dhabi and ADNOC have signed a memorandum of understanding (MoU) aimed at promoting collaboration and informing social and academic research to improve the quality of life of their employees and advance social wellbeing in the community. The...
tiqmo, a leading innovative fintech application licensed by the Saudi Central Bank (SAMA), has signed an exclusive issuing partnership agreement with Mastercard to issue prepaid cards in the Kingdom of Saudi Arabia. Using Mastercard’s diverse range of solutions, including the...
A comprehensive analysis of leading retail banks in Saudi Arabia shows that while there is a growing positive sentiment towards the banking industry, lingering challenges continue to affect the overall consumer perception and reputation of financial institutions.In its first joint KSA Banking...
Ladun Investment Co.’s subsidiary, Built Industrial Co., was awarded a SAR 348.5 million contract (VAT inclusive) by Presidency of State Security to implement architectural, electrical and mechanical works for a building at the Naif Security Complex in Riyadh. According to a...
The sustained growth in the Saudi economy in 2023 is due to the implementation of diverse programs aligned with Vision 2030, Minister of Economy and Planning Faisal Alibrahim said. The sources of growth in Saudi Arabia are undergoing a transformation, he...
ROSHN Real Estate Co. is aiming to increase the company's reliance on Saudi's local market for construction to 60%, CEO David Grover said in a statement to Al Arabiya. He added that developers are securing materials like cement, aluminum, and iron domestically and internationally,...
National Agricultural Development Co. (NADEC) said that Saudi Arabian Oil Co.'s (Saudi Aramco) fuel price adjustment will lead to an estimated increase of 1.8% in production and distribution costs, according to a statement to Tadawul. The relevant financial impact...
Energy efficiency, sustainability, safety, inclusivity and functionality will be the key areas discussed at the forthcoming THINKLIGHT conference, part of Light + Intelligent Building Middle East, the leading exhibition for lighting, electrical engineering, and building technology when it...