Business & Money | Monday 29 December, 2025 3:41 pm

Azizi Developments’ Rêve in Riviera reaches 65% construction milestone

Azizi Developments, one of the UAE’s leading private developers, has announced that the construction of Rêve – its most prestigious project within the fourth phase of the French Mediterranean-inspired waterfront community in MBR City, Meydan - has now reached 65% completion. Altogether,...

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Business & Money | Monday 29 December, 2025 10:20 am

Banan signs MoU to establish Shariah-compliant private REIT

Banan Real Estate Co. said it signed a memorandum of understanding with Artal Capital and Rakan Al-Tasan to establish a Shariah-compliant private real estate investment trust (REIT) licensed by the Capital Market Authority (CMA), according to a statement to Tadawul. The fund will acquire a...

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Business & Money | Monday 29 December, 2025 10:18 am

Saudi unemployment rate hits 7.5% in Q3 2025: GASTAT

Saudi Arabia’s unemployment rate among nationals rose to 7.5% in the third quarter of 2025, up from 6.8% in the second quarter, according to the Labor Force Survey released by the General Authority for Statistics (GASTAT), today, Dec. 29. The unemployment rate among Saudi males stood at...

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Business & Money | Monday 29 December, 2025 10:11 am

KEC announces non-renewal of CEO’s contract, names Hazem El Banna as acting CEO

Knowledge Economic City’s (KEC) board of directors decided to accept the request submitted by CEO Mohammad Al-Mubarak, on Dec. 1, not to renew his contract with the company. In a statement to Tadawul, the company said the decision, effective Jan. 1, 2026, is at Al-Mubarak’s request due to...

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Business & Money | Monday 29 December, 2025 10:06 am

Dubai real estate enters 2026 with shift to logic-based buying

After another record-breaking year for Dubai real estate, the market is heading into 2026 with momentum-driven decisions giving way to logic-based buying, while luxury remains the most resilient sector.In an in-depth market report, fäm Properties says 2026 will be a year that rewards projects and...

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Business & Money | Monday 29 December, 2025 10:04 am

Empower was recognised with the MAJRA Gold Impact Seal for its leading initiatives in Corporate Social Responsibility.

Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, has won the Gold Impact seal from the National CSR Fund (MAJRA), which is the highest federal recognition for sustainable practices in private companies, at the inaugural Impact...

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Business & Money | Monday 29 December, 2025 8:48 am

Ajman Department of Finance Organises the 2025 “Suppliers Forum” with Government Suppliers

As part of its commitment to strengthening strategic partnerships and fostering direct communication with its stakeholders, the Ajman Department of Finance organised the Suppliers Forum, bringing together representatives of suppliers to the Government of Ajman. The forum aimed to enhance engagement ...

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Business & Money | Monday 29 December, 2025 8:42 am

The Luxe Developers appoints Aquapile Contracting for shoring and piling works at La Mazzoni

The Luxe Developers, a leading UAE-based real estate development firm, has appointed Aquapile Contracting to undertake the shoring and piling works for La Mazzoni, the company’s AED2.3 billion wellness-integrated luxury development on Al Marjan Island, Ras Al Khaimah. The appointment comes...

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Business & Money | Monday 29 December, 2025 8:30 am

Raoom signs deal to acquire factory in Hail for SAR 15M

Raoom Trading Co. said it signed a deal on Dec. 28 to acquire an existing industrial operating asset in Hail Industrial City for SAR 15 million. The asset includes a glass factory along with its operational facilities and fixed assets, the company said in a statement to...

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Business & Money | Sunday 28 December, 2025 10:05 am

The Ports, Customs and Free Zone Corporation Wins Two Gold Stevie® Awards for Sustainability and Leadership

The Ports, Customs and Free Zone Corporation (PCFC) has achieved a new global milestone by winning two Gold Stevie® Awards in the fields of sustainability and leadership, reaffirming its institutional excellence and global standing. This recognition comes in acknowledgment of the success of...

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