Business & Money | Monday 11 May, 2026 10:36 am

Retal signs SAR 3.1B Oman housing development deal

Retal Urban Development Co. said it signed a development agreement on May 10 with Oman’s Ministry of Housing and Urban Planning for a project valued at SAR 3.1 billion (OMR 320 million), according to a statement to Tadawul. Under the agreement, Retal will serve as the lead developer for an...

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Business & Money | Monday 11 May, 2026 10:21 am

flynas delivers net profit of ¥ 118 million, ¥ 2.0 billion revenue up 10% YoY in 1Q 2026

flynas (Tadawul: 4264, “the company”), a leading low-cost carrier (“LCC”) in the Middle East and North Africa (“MENA”) region, today announces its financial and operational results for the first quarter ended March 2026. flynas delivered a solid operational and financial...

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Business & Money | Monday 11 May, 2026 10:20 am

First Avenue renews SAR 200M financing facility with Al Rajhi Bank

First Avenue Real Estate Development Co. renewed its Sharia-compliant banking facilities on May 10 with Al Rajhi Bank, valued at SAR 200 million.   The company said the financing will be used to fund the acquisition and development of its projects, support its expansion plans, and...

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Business & Money | Wednesday 6 May, 2026 3:19 pm

IBM and Aramco Explore Collaboration to Accelerate AI and Innovation Across Saudi Arabia

 Aramco (2222.SE) and IBM (NYSE: IBM) today announced their intended collaboration on opportunities to advance artificial intelligence, agentic AI, automation, material science and other mutually agreed domains in the industrial sector.  The collaboration builds on a longstanding...

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Business & Money | Wednesday 6 May, 2026 3:15 pm

SEREDO 2026 Exhibition Opens in Eastern Region, Showcasing Real Estate Development and Investment Opportunities

The Saudi Real Estate Development and Ownership Exhibition SEREDO 2026 opened on Monday 4 May, 2026 at Al-Darah Hall in Dammam under the patronage of the Ministry of Municipalities and Housing.  The event features broad participation from public and private sector entities, developers,...

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Business & Money | Tuesday 5 May, 2026 11:23 am

Emaar EC awards SAR 547M infrastructure project to Nesma & Partners

Emaar The Economic City awarded on May 4 an infrastructure project within the Industrial Valley and the Special Economic Zone at King Abdullah Economic City to Nesma & Partners, according to a statement to Tadawul. According to a statement to Tadawul, the project was awarded on...

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Business & Money | Monday 4 May, 2026 8:56 am

TDF Launches Tourism Hackathons to Develop High-Quality Solutions in the Saudi Tourism Sector

The Tourism Development Fund (TDF), the national enabler of Saudi Arabia’s tourism sector, has launched the Tourism Hackathons Program, with registration opening on April 28, 2026, as part of its ongoing efforts to accelerate the development of innovative, entrepreneur-led solutions that support...

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Business & Money | Sunday 3 May, 2026 10:23 am

elm wins Corporate Culture Award at PIF Partners’ Forum

elm, a leading digital solutions provider, was recognised with the Corporate Culture Award at the fifth edition of the PIF Partners’ Forum. Hussam Mohammed Al Mughtham, elm’s Executive Vice President of Human Capital Management, received the award during a ceremony held on the sidelines of the...

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Business & Money | Sunday 3 May, 2026 8:54 am

MIS inks SAR 190.5M deal with NCM

Al Moammar Information Systems Co. (MIS) signed a contract with the National Center for Meteorology (NCM) for a total amount of SAR 190.52 million, inclusive of value added tax (VAT). In a statement to Tadawul, the company said the contract covers the provision of information technology...

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Business & Money | Tuesday 28 April, 2026 3:04 pm

Crown Prince: Vision 2030 ensures continued progress, prosperity

Crown Prince Mohammed bin Salman affirmed that Saudi Vision 2030 has delivered a qualitative leap in the Kingdom’s development, achieving a comprehensive transformation across economic and social sectors, according to the Saudi Press Agency. He noted that Vision 2030 enters its third and...

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