Your Daily Career Tarot Card Reading for July 15th, 2025
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Zawya
14 hours ago
- Zawya
Jordan: JBA, Rwanda ambassador discuss forming joint business council
AMMAN — President of the Jordanian Businessmen Association (JBA) Hamdi Tabbaa on Wednesday met Rwandan Ambassador to the Kingdom James Ngango to discuss establishing a Jordan-Rwanda business council. The council aims to boost economic relations, facilitate 'deeper' business cooperation between the two countries, explore ways to expand cooperation between the private sectors of both countries and develop trade and investment exchanges, especially in priority sectors of mutual interest, according to Jordan News Agency, Petra. Tabbaa stressed the importance of building 'strategic' partnerships between businessmen in Jordan and Rwanda, calling for the need to organise "reciprocal" economic delegations to highlight promising investment opportunities in the Kingdom, particularly in the sectors of agriculture, tourism and pharmaceuticals. He also highlighted the significance of enhancing communication channels between the business communities of both countries to facilitate the exchange of expertise and enhancing cooperation. Ngango welcomed the proposal to establish a Jordan-Rwanda business council, expressing Rwanda's interest in boosting economic cooperation with Jordan. He highlighted his country's commitment to encouraging investors from both sides to explore the available investment opportunities, reinforcing the intent to expand bilateral economic ties and collaboration between the private sectors of both countries. The diplomat said that Jordan offers an attractive investment environment and encouraging incentives, while Rwanda provides a stimulating investment climate and various facilities for foreign investors. He stressed the importance of increasing the volume of trade between the two countries and providing appropriate frameworks to support cooperation. The trade volume between Jordan and Rwanda reached some $3.4 million in 2023, compared with $2.4 million in 2022, according to Petra. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Zawya
16 hours ago
- Zawya
Savills: Riyadh Office Market holds firm as rents and occupier demand continue to rise
Riyadh's office market continued to perform strongly in Q2 2025, underpinned by a stable economic outlook, high business confidence, and growing interest from international occupiers, according to the latest research from Savills. The Kingdom's economy is forecast to expand by 3.5% in 2025, driven by a 4.9% rise in the non-oil sector, a clear indicator of the ongoing success of Saudi Arabia's diversification agenda. Business sentiment remained upbeat, with the Purchasing Managers Index (PMI) climbing to 57.2 in June, its highest reading since May 2011, signalling strong private sector activity and employment growth. Foreign direct investment also continued on an upward trajectory, reaching SAR 22.2 billion in Q1 2025, up from SAR 15.5 billion during the same period last year. Within the office market, Grade A occupancy stood firm at 98%, reflecting sustained tenant demand amidst a limited supply pipeline. Average rents rose slightly by 0.75% on a quarterly basis but recorded a 10% increase year-on-year. Zone C, home to emerging hubs such as Riyadh Front. Digital City, and Laysen Valley, led annual rental growth at 15%, while Zone A, which includes prime locations such as Olaya, KAFD, and Kingdom Centre, followed closely with nearly 11%. This highlights the continued appeal for both well-established commercial districts and newer, strategically located developments. Chris Chambers, Head of Transactional Services in KSA, commented: 'We're seeing strong expansion-driven activity across sectors, particularly within banking, financial services and insurance (BFSI) accounting for 50% of transactions this quarter. Legal and pharmaceutical firms each contributed a further 25% underscoring the depth and diversity of demand. Notably, leasing interest is increasingly shifting towards larger spaces, with half of all enquiries targeting units above 1,000 sq m.' Multinational interest in Riyadh remains high. By mid-2025, over 660 global companies had been licensed to establish regional headquarters in the city, already surpassing the Vision 2030 target of 500. Notable new entrants in Q2 include BNY Mellon, ASPEN, Globant, and London Business School. Enquiry data from Savills shows that 46% of leasing interest this quarter originated from the US and UK, reflecting strong global confidence in the Saudi capital. Sector-wise, the highest levels of leasing enquiries came from banking and financial services, technology, media and telecoms (TMT), and engineering and manufacturing, highlighting Riyadh's broadening commercial base and appeal to knowledge-driven industries. The capital's infrastructure push also continues to support its commercial growth. The Riyadh Metro saw over 25 million passengers in Q1 2025, and the addition of new stations is expected to further enhance accessibility to key areas such as the King Abdullah Financial District (KAFD) and Olaya. Looking ahead, while rental growth is likely to remain firm in the near term due to ongoing demand and limited supply, the pressure is expected to ease slightly towards the end of 2026, with more than 900,000 sq m of new Grade A stock scheduled to be delivered through major developments such as Diriyah Gate and Prince Mohammed bin Salman Nonprofit City (Misk). For further insights and detailed analysis, download the full Riyadh Office Market in Minutes Q2 2025 report from here. About Savills Middle East: Savills plc is a global real estate services provider listed on the London Stock Exchange. With a presence in the Middle East for over 40 years, Savills offers an extensive range of specialist advisory, management and transactional services across the United Arab Emirates, Oman, Bahrain, Egypt, and Saudi Arabia. Expertise includes property management, residential and commercial agency services, property and business assets valuation, and investment and development advisory. Originally founded in the UK in 1855, Savills has an international network of over 700 offices and associates employing over 40,000 people across the Americas, UK, Europe, Asia Pacific, Africa, and the Middle East.
Zawya
a day ago
- Zawya
Richmax Group embarks on global journey with launch of first international office in Dubai
Dubai, United Arab Emirates – In a landmark move that signals its entry onto the global stage, Richmax Group, one of India's emerging business conglomerates, is set to inaugurate its first international office in Dubai on Saturday, July 26, 2025. The launch event will be held at the Grand Hyatt Hotel, Dubai, commencing at 7:00 PM, and will be attended by distinguished officials from the UAE Ministry, business luminaries, and prominent members of the Indian diaspora. The new office, located in the Karama, will house the UAE operations of Richmax Tours and Travels. This strategic expansion is part of the Group's broader vision to extend its footprint across the Middle East and beyond. Founded on a strong legacy of trust, service, and innovation, Richmax Group has steadily diversified its business portfolio across sectors such as financial services, travel and tourism, trading, and community initiatives. With the launch of its Dubai office, the Group aims to bring its hallmark customer-centric approach, technological advancement, and ethical business practices to international markets. A Vision for Growth and Global Excellence Commenting on the milestone, Adv. George John Valath, Chairman and Managing Director of Richmax Group, said: 'This moment marks a new era for Richmax. Our presence in Dubai is a reflection of our aspirations to serve a broader audience and contribute meaningfully to the region's economic and cultural fabric. We chose Dubai not only for its global connectivity but also for the shared values of vision, resilience, and innovation that align with our mission. By 2027, we plan to expand across all Emirates in the UAE, and by 2030, we aim to establish a significant presence across the GCC region.' 'This is not merely a physical expansion, it is the beginning of a transformative journey to connect people, empower communities, and drive progress through excellence in every venture we undertake.' Strengthening Regional Ties and Community Engagement The Dubai office will serve as a gateway to new partnerships, offering tailored travel services under Richmax Tours and Travels, while facilitating business collaborations across diverse sectors. The Group is also committed to engaging with local communities, promoting responsible tourism, and supporting social causes through strategic initiatives. With a strong emphasis on customer satisfaction, technology adoption, and ethical governance, Richmax Group envisions becoming a trusted and respected name across the Middle East, South Asia, and beyond. Media Contact: Sajish Gopalan Regional Head Richmax Group Email: sajish@
