Business & Money | Sunday 22 June, 2025 8:03 am

PIF sets up new company to build, operate Expo 2030 Riyadh facilities

The Public Investment Fund (PIF) announced today, June 19, the launch of Expo 2030 Riyadh Co. (ERC), a wholly owned subsidiary tasked with developing and operating the Expo 2030 Riyadh site’s facilities — being the first-of-its-kind event to be hosted in Saudi Arabia. According to a PIF...

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Business & Money | Sunday 22 June, 2025 7:49 am

SEDCO Capital REIT acquires Al Basateen’s Palm View for SAR 650 million

In one of the largest real estate transactions in the Saudi capital during the first half of 2025, SEDCO Capital REIT announced the acquisition of the Palm View office project from Al Basateen Company, located in the Al Basateen district, Diriyah, for a total value of SAR 650 million. The...

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Business & Money | Sunday 22 June, 2025 7:47 am

UAE cements its position as global destination for attracting FDI with total inflows of AED 167.6 billion in 2024

The UAE ranked 10th globally as a leading destination for inbound foreign direct investment (FDI) in 2024, achieving an unprecedented AED 167.6 billion (USD 45.6 billion in FDI inflows, according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report...

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Business & Money | Sunday 22 June, 2025 7:45 am

CBUAE organises Climate Forum, ‘Network for Greening the Financial System’ meeting in Abu Dhabi

Under the Patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Central Bank of the United Arab Emirates (CBUAE), the CBUAE is organising its first Climate Forum and a...

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Business & Money | Sunday 22 June, 2025 7:43 am

UAE Cybersecurity Council announces winners of first-ever national cybersecurity excellence awards

Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, the UAE Cybersecurity Council has announced the winners of the country’s first-ever national Cybersecurity Excellence Awards. The awards...

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Business & Money | Sunday 22 June, 2025 7:41 am

MBRSG hosts fifth round of Public Administration Forum

The Mohammed Bin Rashid School of Government (MBRSG) today hosted the fifth Public Administration Forum under the theme “Strategic Horizons: The UAE Economic Diplomacy Report 2024–2025 – Advancing Policy, Trade, and Global Partnerships Through Evidence-Based Insights”. Held at the...

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Business & Money | Sunday 22 June, 2025 7:39 am

National Maritime Navigation Centre to strengthen UAE’s leadership in maritime sector

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, highlighted that the Cabinet’s decision to establish the National Maritime Navigation Centre reflects the UAE’s strategic vision for developing an integrated sustainable and innovative maritime ecosystem and reinforcing the ...

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Business & Money | Sunday 22 June, 2025 7:37 am

Gross banks’ assets up by 1.9% to AED4,719.4 billion at end of March: CBUAE

The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.4%, from AED982.4 billion at the end of February 2025 to AED986.2 billion at the end of March 2025. The increase was due to AED5.1 billion growth in currency in circulation outside banks, overriding...

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Business & Money | Sunday 22 June, 2025 7:35 am

China’s Foton mulls commercial vehicle plant in Saudi Arabia

The Ministry of Investment signed a four-party memorandum of understanding (MoU) with the Industrial Center, China’s Foton Motor, and Petromin to explore the establishment of an integrated commercial vehicle manufacturing plant in Saudi Arabia.In a post on its official account on X, the ...

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Business & Money | Sunday 22 June, 2025 7:13 am

Aldar generates more than AED3.5 billion in sales at Fahid Island during launch week

Aldar today announced it has generated over AED3.5 billion in sales at Fahid Beach Residences and The Beach House, the island’s first residential developments released during launch week. The Fahid Island homes attracted a diverse pool of buyers, drawn by the island’s position as Abu...

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