Business & Money | Saturday 20 July, 2024 12:56 am

Saudi home ownership reaches 63.7% in 2023

Saudi home ownership rate reached 63.7% at the end of 2023, an increase of 16.7 percentage point from 2016, the 2023 Housing Program report showed.   The report cited several achievements of the program for 2023. More than 96,000 families benefited from housing support in 2023...

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Business & Money | Saturday 20 July, 2024 12:53 am

Germany's Lilium mulls to manufacture jets in Saudi Arabia: CEO

Lilium, the developer of the first all-electric vertical take-off and landing (eVTOL) jet, is exploring the possibility of manufacturing its jets in Saudi Arabia, Al Eqtisadiah newspaper reported, citing CEO Klaus Roewe.   Lilium is currently working on the development of a support...

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Business & Money | Friday 19 July, 2024 3:49 pm

KSA records SAR 605B real estate deals post brokerage law

The number of real estate transactions grew by nearly 17% to 3.5 million at a total value of more than SAR 605 billion within a year from implementing the Real Estate Brokerage Law, said Abdullah Al-Hammad, CEO of the Real Estate General Authority (REGA).   During his opening speech...

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Business & Money | Friday 19 July, 2024 3:43 pm

Dar Global plans to launch Trump Tower Dubai in 2025

London-listed Dar Global Co., the international arm of Saudi Arabia's Dar Alarkan Real Estate Development Co., along with the Trump Organization, announced their collaboration to establish a Trump-branded tower in Dubai, Reuters reported.   In a statement, Dar Global said the tower...

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Business & Money | Friday 19 July, 2024 12:47 am

DOF and FAB Partnership to Enhance Digital Government Service Experience in the Emirate

Department of Finance in Ajman (DOF) signed a service agreement with First Abu Dhabi Bank (FAB) to augment the unified digital payment platform for Ajman's government, SADAD Ajman, and its digital wallet. The aim is to provide comprehensive and advanced payment solutions that add value,...

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Business & Money | Friday 19 July, 2024 12:44 am

Salik joins United Nations Global Compact, reinforcing commitment to sustainable business practices

Salik Company PJSC (Salik), the exclusive toll gate operator of the Emirate of Dubai, has taken a significant step forward in its sustainability journey. The company has joined the United Nations Global Compact, the world's largest corporate sustainability initiative. By aligning with the United...

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Business & Money | Friday 19 July, 2024 12:30 am

DUBAI SOUTH AND EVOCARGO DRIVE INNOVATION IN UAE’S AUTONOMOUS VEHICLE SECTOR WITH SUCCESSFUL FIRST-STAGE TRIALS

 Dubai South, the largest single-urban master development focusing on aviation, logistics, and real estate, announced the successful completion of the first stage of the UAE’s autonomous vehicle trials in partnership with Evocargo. The trials were carried out on a set route in a closed area...

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Business & Money | Friday 19 July, 2024 12:19 am

NWC launches the implementation of 3 projects in the Northern Border Region at a cost of SR +127 million

The National Water Company (NWC), represented by its Northern Cluster, has started the implementation of 3 water projects in the cities of Arar and Rafha in the Northern Border Region. The projects include a project of main water lines and sub-networks in the city of Arar at a total cost of more...

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Business & Money | Friday 19 July, 2024 12:18 am

THE SUSTAINABLE CITY – YAS ISLAND ACHIEVES HIGHEST SUSTAINABLE URBAN DESIGN RATING IN ABU DHABI

The Sustainable City – Yas Island has received the prestigious Estidama 5 Pearl classification for the design of its homes. Developed in partnership between Aldar Properties (‘Aldar’) and SEE Holding, the rating is a testament to the partners’ commitment to social, environmental, and...

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Business & Money | Thursday 18 July, 2024 12:58 pm

Tosyalı Sulb Started the Investment of the World’s Largest Dri Complex in Benghazi, Libya

Tosyalı, a global producer of green steel, is strategically expanding its investments across three continents, from Europe to Africa and Asia. In line with this forward-thinking strategy, Tosyalı and Libya United Steel Company for Iron and Steel Industry (SULB) have signed an agreement to build...

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