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- Bahrain All Share Index closes higher
- Lufthansa shares soar after earnings top estimates
- Most GCC central banks cut key rates; Kuwait holds rates steady
- Central Bank of Oman lower repo rate for local banks by 25bps
- Qatar Central Bank issues treasury bills worth QR 250 million
- Qatar Stock Exchange index closes higher
- Bahrain, UAE central banks cut key interest rates
- UAE investment group MAIR seals Al Reem Island property deal
- Jahez, noon partnership to transform everyday convenience in Saudi Arabia
- Union Properties unveils $544.59m Mirdad in Dubai's Motor City
31/10/2025 07:11 AST
The Public Investment Fund (PIF) and Jones Lang LaSalle Saudi Arabia Company Limited (JLL) signed on Thursday a memorandum of understanding (MoU) to promote cooperation and further support Saudi Arabia's real estate industry and enhance the private sector.
The signing took place during the ninth edition of the Future Investment Initiative (FII9) Conference in Riyadh, building on both parties' intentions to further contribute to the development of the Saudi real estate ecosystem, the Saudi Press Agency said.
According to a press release issued by PIF, the fund and JLL will combine their expertise to spur innovation and increase efficiency in the industry, supporting Vision 2030's goals to diversify the domestic economy and enhance the quality of life nationwide.
The press release added that the agreement will strengthen collaboration in important areas such as market insights, valuation and project management. It will lead to greater private sector participation, develop local talent, and accelerate the adoption of new technologies to help achieve sustainable real estate growth.
Head of the Local Real Estate Investment Division at PIF, Saad Alkroud, and EMEA CEO & Global Head of Portfolio Services, Work Dynamics at JLL, Sue Asprey Price, signed the MoU. It forms part of PIF's local real estate strategy, which drives economic transformation and diversification, advancing urban innovation and enhancing quality of life, driven by the ambitious goals of Saudi Vision 2030.
PIF leads the development of transformative giga-projects and landmark real estate initiatives across Saudi Arabia.
PIF continues with its strategic mandate to achieve economic impact for Saudi Arabia while securing sustainable returns. PIF is one of the world's most impactful investors, driving Saudi Arabia's economic diversification while also enabling the creation of key sectors and opportunities that help shape the global economy.
Asharq Al Awsat
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31/10/2025
Consumers in the UAE are set to enjoy lower borrowing rates as the UAE Central Bank on Wednesday lowered its Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.1
Khaleej Times
31/10/2025
Most Gulf central banks cut key interest rates on Wednesday after the US Federal Reserve moved to reduce rates by a quarter of a percentage point, its second rate cut decision this year. The Fed's de
Kuwait Times
31/10/2025
The Central Bank of Oman (CBO) has decreased its Repurchase Agreement rate (repo) for local banks, effective from Thursday, by 25 basis points (0.25%) to 4.50%.
The CBO's monetary policy aim
Times of Oman
31/10/2025
Qatar Central Bank (QCB) has issued treasury bills worth QR 250 million with maturities of 28 days, 98 days, 182 days, 273 days, and 364 days.
QCB announced in a post on its social media pla
QNA
31/10/2025
The central banks of the UAE and Bahrain have cut key interest rates by 25 basis points, effective October 30.
Central Bank of the UAE (CBUAE) cut the Base Rate applicable to the Overnight D
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