Business & Money | Tuesday 6 October, 2026 5:11 pm

SRC acquires 3rd mortgage portfolio from BSF

Saudi Real Estate Refinance Co. (SRC), a unit of the Public Investment Fund (PIF), signed an agreement to acquire a residential mortgage portfolio from Banque Saudi Fransi, which is the third deal of its kind between the two parties. The agreement builds on the cooperation between the company...

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Business & Money | Tuesday 6 October, 2026 5:03 pm

5.8M barrels currently transported through East-West pipeline: Abdulaziz bin Salman

Prince Abdulaziz bin Salman, Minister of Energy and Minister of Industry and Mineral Resources, said that 5.8 million barrels are currently transported through the East-West Pipeline. Speaking at the Made in GCC Forum & Exhibition in Bahrain, the Prince said there are clear directives to...

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Business & Money | Monday 5 October, 2026 6:30 pm

Aramco's Nasser sees Brent reaching $200 without East-West Pipeline

Brent crude prices could have reached $200 per barrel without Saudi Aramco’s East-West Pipeline, CEO Amin Nasser stated. Speaking at the Energy Intelligence Forum in London, Nasser noted that physical crude prices sometimes trade $20-$50 per barrel above the Brent benchmark. Chinese...

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Business & Money | Monday 5 October, 2026 6:21 pm

Diriyah awards 2 construction contracts worth SAR 2.7B

Diriyah Co. awarded two contracts to construct five luxury hotels and three branded serviced apartment projects in Diriyah Square, totaling SAR 2.729 billion. According to a company statement, the first contract, valued at SAR 1.32 billion, covers the construction of three hotels and two...

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Business & Money | Thursday 1 October, 2026 8:00 am

Saudi 2027 budget estimates reflect continued global uncertainty: Al-Jadaan

Saudi Minister of Finance, Mohammed Al-Jadaan, affirmed that the 2027 budget estimates must be viewed in light of a global economic environment characterized by continued uncertainty and the acceleration of geopolitical developments. The Kingdom continues to manage its public finances...

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Business & Money | Tuesday 29 September, 2026 8:00 am

Saudi Arabia leads calls at UNGA to close USD1 trillion women’s health gap

Saudi Arabia’s ambassador to the United States led a group of global leaders from healthcare, investment, philanthropy, and government in calling for greater investment in scalable, integrated models of women’s healthcare during the 81st United Nations General Assembly (UNGA) in New...

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Business & Money | Tuesday 29 September, 2026 8:00 am

Industry Ministry issues 364 licenses worth SAR 4.5B in June

Saudi Arabia’s Ministry of Industry and Mineral Resources issued 364 new industrial licenses in June, while 164 factories began production during the same month, the ministry said in a report. The ministry’s official spokesman Jarah Al-Jarah said the monthly report tracking industrial...

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Business & Money | Tuesday 29 September, 2026 8:00 am

Rou'a Al Haram, MRCB mull SAR 21B development in Makkah

Rou'a Al Haram signed a cooperation agreement worth nearly SAR 21 billion with Malaysia’s MRCB to study the development of a major, integrated mixed-use destination connected to the transport network within the King Salman Gate project in Makkah. Rou'a Al Haram, a Public Investment Fund...

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Tourism & Hospitality | Sunday 27 September, 2026 8:00 am

Saudi Arabia ranks 29th in 2026 travel & tourism index

Saudi Arabia ranked 29th globally in the 2026 Travel and Tourism Development Index, released by the World Economic Forum, placing the Kingdom among the world’s top 30 countries in the sector, the Ministry of Tourism said. It noted that the Kingdom’s ranking has followed an upward...

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Business & Money | Sunday 27 September, 2026 8:00 am

Aramco seeks additional export routes, overseas storage capacity: CEO

Saudi Aramco continues to explore additional export routes as it works to expand its storage capacity outside the Kingdom to ensure uninterrupted supplies to global markets, said President and CEO Amin Nasser. In comments to Nikkei Asia, as reported by media outlets, Nasser said Aramco...

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