Business & Money | Saturday 3 January, 2026 5:04 am

Asas Makeen receives SAR 1.65M in idle land tax invoices, plans to appeal

Asas Makeen Development and Investment Co. announced receiving three idle land tax invoices totaling SAR 1.65 million today, Jan. 1, pertaining to land plots located within the designated geographic zones of the White Land Fees System.   These amounts have been recorded as...

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Business & Money | Thursday 1 January, 2026 11:31 am

Tibbiyah inks deal to sell interest in Innovative Healthcare for SAR 52M

Arabian International Healthcare Holding Co. (Tibbiyah) signed, on Dec. 31, 2025, a conditional share purchase agreement to sell its 51% equity interest in Innovative Healthcare Holdings Ltd. for SAR 52 million, implying an equity value of SAR 101.96 million for 100% of the company. In a...

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Business & Money | Thursday 1 January, 2026 11:24 am

Over 60,000 white land fee invoices issued in Riyadh

The Ministry of Municipal, Rural Affairs and Housing, represented by the White Land and Vacant Property Fees Program, announced today, Jan., the issuance of more than 60,000 white land fee bills in the city of Riyadh.The move aligns with the directives of Crown Prince Mohammed bin Salman aimed at...

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Business & Money | Thursday 1 January, 2026 11:07 am

SABIC EGM approves transferring SAR 110.9B general reserve to retained earnings

Shareholders of Saudi Basic Industries Corporation (SABIC) approved transferring SAR 110.9 billion from the general reserve to the retained earnings account, based on the 2024 consolidated financial statements and the financials for the period ended Sept. 30, 2025. The approval was granted at...

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Business & Money | Thursday 1 January, 2026 11:05 am

Fakeeh Care delineates acquisition cost of stake in Diagnostics Elite

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) and its subsidiaries stated that the total investment cost of acquiring a 50.01% ownership stake in Diagnostics Elite Co. amounts to SAR 70 million. The former owner of the stake was Soliman Abdul-Qader Fakeeh Real Estate Co. (Fakeeh Real...

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Business & Money | Wednesday 31 December, 2025 12:50 pm

Global Media Figure Piers Morgan: I look forward to participating in the Real Estate Future Forum 2026, as it represents a vital platform for the future of global real estate.

For the second consecutive year, British broadcaster and internationally influential media figure Piers Morgan will participate in the fifth edition of the Real Estate Future Forum, convening at a critically important moment as Saudi Arabia undergoes a pivotal transformation in its real estate...

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Business & Money | Wednesday 31 December, 2025 10:56 am

TAQA, EWEC announce financial closing for 1GW Al Dhafra Power Plant

Abu Dhabi National Energy Company PJSC (TAQA), together with Emirates Water and Electricity Company (EWEC), on Tuesday announced the financial closing of AED3.6 billion 1GW Al Dhafra Power Plant, which will provide power to data centre projects and advance the UAE National Strategy for Artificial...

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Business & Money | Wednesday 31 December, 2025 10:41 am

ADSW Summit 2026 to set stage for global systems transformation

Abu Dhabi Sustainability Week (ADSW) has announced the programme for the ADSW Summit 2026, focused on aligning government and industry leaders, investors and innovators to deliver system-wide action and accelerate sustainable progress. Under the ADSW 2026 theme “The Nexus of Next: All...

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Business & Money | Wednesday 31 December, 2025 10:39 am

Majra concludes 2025 with major sustainability, health, entrepreneurship initiatives

Majra –National CSR Fund concluded the fourth quarter of 2025 with a distinguished portfolio of achievements that underscored its continued evolutionary federal role in leading and structuring the corporate social responsibility ecosystem and the sustainable impact economy in the United Arab...

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Business & Money | Wednesday 31 December, 2025 10:39 am

International Defence Conference 2026 to spotlight intelligent autonomy, global security transformation in Abu Dhabi

The International Defence Conference (IDC) 2026 is set to take place on the eve of the seventh edition of the Unmanned Systems Exhibition and Conference (UMEX) and Simulation and Training Exhibition (SimTEX) 2026. Held under the patronage of H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan,...

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