Business & Money | Saturday 5 October, 2024 10:12 am

Idle Lands Program issues 1,113 invoices in Makkah

The Idle Lands Program issued 1,113 invoices in the first phase (8th round) in Makkah. On X, the program said over 23 million square meter-land plots were invoiced. Meanwhile, 33,000 square meters of land were explored, while the traded land area reached 1.3 million square meters. This...

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Business & Money | Saturday 5 October, 2024 10:00 am

MAG LAUNCHES AED 350 MILLION MAG 777, REDEFINING LUXURY LIVING AT DUBAI SPORTS CITY

MAG Lifestyle Development, one of the leading and most established real estate developers in the UAE, has announced the launch of MAG 777, a AED 350 million cutting-edge residential tower located in a lakefront setting in Dubai Sports City, which is already 60 per cent complete. MAG 777...

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Business & Money | Saturday 5 October, 2024 9:57 am

DUBAI REAL ESTATE MARKET SETS AED141.9 BILLION ALL-TIME QUARTERLY SALES RECORD

Dubai's real estate market recorded total sales worth  AED 141.9 billion in Q3 2024, setting an all-time high for a single quarter. This eclipsed the previous quarterly sales record of AED 124.07 billion in Q2 this year, and represented a 30.1% year-on-year rise in value A...

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Business & Money | Saturday 5 October, 2024 9:55 am

M42 signs MoU with ADGM Academy to upskill Emirati professionals

M42, a global tech-enabled health powerhouse, has signed a Memorandum of Understanding (MoU) with ADGM Academy, the knowledge arm of the international financial center in Abu Dhabi. The collaboration aims to offer educational and experiential programs for Emirati professionals over the next few...

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Business & Money | Saturday 5 October, 2024 9:43 am

RAKEZ ties up China’s Tianjin Pilot Free Trade Zone to boost cross-border strategic collaborations

Ras Al Khaimah Economic Zone (RAKEZ) and China’s Tianjin Pilot Free Trade Zone (Tianjin FTZ) entities entered into a landmark partnership to strengthen economic ties and foster cross-border opportunities between Ras Al Khaimah and China. The business relations were formalised through a Strategic...

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Business & Money | Saturday 5 October, 2024 9:36 am

Roads, Bridges, and Tunnels MENA Conference to Shape the Future of Infrastructure

The MENA region is witnessing a surge in infrastructure development, particularly in roads, bridges, and tunnels, driven by rapid urbanization, population growth, and the need for efficient transportation networks. In response to these developments, the Roads, Bridges, Tunnels MENA...

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Business & Money | Saturday 5 October, 2024 9:33 am

Moro Hub Awards Green Certificate to Dubai Free Zones Council (DFZC) for Advancing Sustainability with Green Cloud Technology

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA) PJSC, has awarded the Green Certificate to the Dubai Free Zones Council (DFZC) in recognition of its efforts to reduce carbon emissions by leveraging Moro Hub's Green Cloud...

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Business & Money | Friday 4 October, 2024 2:01 pm

Al-Jadaan says GCC states face challenge of reducing oil dependence

Mohammed Al-Jadaan, Saudi Minister of Finance, said that while each GCC country has different economic needs and plans, they all face the challenge of reducing dependence on oil revenues.   In his speech during the 122nd meeting of the GCC Financial and Economic Cooperation...

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Business & Money | Friday 4 October, 2024 1:58 pm

Knowledge City's subsidiary inks 5 contracts for hotels management, operation

Knowledge Economic City Co.'s (KEC) 80%-owned subsidiary Al Geraa International Real Estate Development Co. Signed today, Oct. 3, five contracts for the management and operation of the first phase of hotels coming under the Islamic World District Project (IWD). Being established in the...

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Business & Money | Friday 4 October, 2024 1:23 pm

Specialized professions help cut unemployment in Saudi Arabia: Official

The decline in unemployment rates in Saudi Arabia is driven by the creation of new jobs for citizens, particularly in specialized professions and activities that do not require higher degrees or certifications, Majed Al-Dahwi, Deputy Minister of Human Resources and Social Development,...

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