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...
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...
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...
The Saudi Central Bank (SAMA) directed finance companies to stop requesting promissory notes or any commercial paper from individual customers when offering credit card financing products. SAMA explained that this step comes after the recent spread of the practice of obtaining promissory notes ...
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...
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...
Dubai Courts announced its readiness to implement the decision on setting the fees of the Private Notary Public in the Emirate of Dubai, effective as of 2 January 2026. The decision aims to regulate the fees associated with the services provided. It also seeks to unify procedures and ensure the...
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...
Dubai Customs has cemented its global position in the field of workplace development, receiving the "Best Workplace" certification from the Great Place to Work institution for the sixth consecutive year, an achievement that confirms the sustainability of its institutional approach to empowering...
The Ministry of Municipalities and Housing put forth the draft regulation for violations of the White Land Fees and Vacant Properties Law for public consultation on the “Istitlaa” platform until January 11, 2026. The draft regulation aims to enhance compliance with the White Land Fees and...
Minister of Industry and Mineral Resources Bandar Alkhorayef said that, with the support of the Crown Prince, Riyadh has been allocated new land covering a total area of 20 million square meters, which is currently being developed, noting that Riyadh currently does not have industrial land.This...