Month: October 2025

Two global events in Riyadh shape the future of international tourism Details

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Saudi Arabia's investment in tourism

Reading time: < 1 MinuteThis November, Riyadh will become the global capital of the tourism industry as it hosts the 26th session of the General Assembly of the United Nations Tourism Organization (UNWTO) and the inaugural edition of the TURAIZE Forum. Riyadh will host decision-makers, investors and thought leaders from more than 160 countries for two consecutive events that will solidify the Kingdom's position as a destination ... Read more

Between (2015 - 2025)... Public Investment Fund (PIF) is making great strides

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Future Investment Initiative Conference

Reading time: 2 MinutesMr. Yasser bin Othman Al-Rumayyan, Governor of the Public Investment Fund (PIF) and Chairman of Saudi Aramco, participated in the ninth edition of the Future Investment Initiative (FII) conference held at the King Abdulaziz International Convention Center in Riyadh, under the theme “Key to Prosperity.” During his participation, he discussed the stages of the Fund's development from its establishment to the present day. He explained that the Public Investment Fund was established in ... Read more

Saudi Arabia strengthens its position as a global investment destination and supports the growth of family businesses

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Reading time: 2 MinutesMinister of Investment Khalid bin Abdulaziz Al-Falih emphasized that the Kingdom has become one of the most attractive destinations for global investments. He pointed to the directives of His Highness the Crown Prince, may God protect him, which aim to facilitate the empowerment of multinational companies in the Kingdom, where the number of international companies with licenses to do business in the Kingdom reached about 700 companies, while facilitating the operations of ... Read more

Saudi Arabia's central bank cuts interest rates by 25 basis points to promote monetary stability

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Saudi Central Bank

Reading time: < 1 MinuteThe Saudi Central Bank (SCB) decided to lower the repurchase agreement (repo) rate by 25 basis points to 4.50% and the reverse repo rate by the same amount to 4.00%. This amendment comes within the framework of the Saudi Central Bank's efforts to maintain monetary stability in the Kingdom, in light of global economic challenges and developments. The bank aims through ... Read more

NHC announces the completion of the first phase of Rawasi and the start of sales in the second phase

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Residential program

Reading time: < 1 MinuteNHC has announced the completion of the first phase of Rawasi in Jeddah Heights and the start of sales in the second phase. The project is located in Jeddah within Jeddah Heights, on an area of more than (897) thousand square meters, and includes more than (1,400) residential units ranging from villas and townhouses, with modern designs that meet the aspirations of customers and provide them with a residential experience ... Read more

Future Investment Initiative conference discusses sustainable development and the digital economy

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Future Investment Initiative Conference

Reading time: 3 MinutesThe Future Investment Initiative (FII) conference discussed humanity in the right system, the tax system, spending efficiency, the importance of attracting long-term foreign investments in achieving sustainable development, and the traits of leaders and the ability to achieve tangible results that meet the aspirations of people. This came during a panel discussion titled “Is humanity moving in the right direction?”, within the sessions of the ninth edition of the Future Investment ... Read more

Industry, construction and trade driving operating revenue growth in Saudi Arabia See the numbers

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Reading time: < 1 MinuteThe General Authority for Statistics (GASTAT) released the results of the structural business statistics for 2024, which revealed the performance of the structural features of the business sector in the Kingdom. These indicators aim to measure revenues, operating expenses and compensation of employees, in addition to a set of other indicators categorized according to the national classification of economic activities. According to the General Authority for Statistics (GAS), operating revenues recorded a year-on-year increase ... Read more

A new service from Ejar If the landlord sells the property before the end of the contract. Details

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Reading time: < 1 MinuteA new service launched by Ejar platform to ensure the rights of the owner and tenant, and maintain the continuity of the contractual relationship between the two parties in accordance with Ejar regulations, in case the landlord sells the property before the end of the contract period. Ejar has clarified what happens if the landlord sells the property before the end of the contract period, by launching a new service ... Read more

Greening Tabuk 2025. A new step to support quality of life and sustainable urbanization

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Reading time: < 1 MinuteAs part of the continuation of environmental initiatives that enhance the quality of life, Prince Fahd bin Sultan bin Abdulaziz, Emir of Tabuk Region, inaugurated the second edition of the National Afforestation Season 2025, under the slogan “Hands that Plant, Land that Prosper”. During the inauguration of the second edition of the National Afforestation Season 2025, Prince Fahd bin Sultan bin Abdulaziz emphasized the keenness ... Read more

To raise the level of compliance. The Municipality of the Holy Capital follows up on updating the licenses of establishments and applying the building code

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Reading time: < 1 MinuteWith the aim of regulating the urban work environment and raising the level of compliance, the Municipality of the Holy Capital has started applying spatial and operational corrective measures on establishments that do not comply with the requirements of construction and operating licenses, and following up the commitment of establishments to municipal regulations and updating their licenses in accordance with the approved requirements and standards. The Municipality of the Holy Capital intensifies field tours and technical control, and ensures the application of the Saudi Building Code and municipal regulations ... Read more

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