Business & Money | Tuesday 30 June, 2026 3:02 pm

Cisco: 86% of Saudi Organizations Have Hit or Expect To Hit Network Capacity Limits Within Two Years Due to AI

 New research, released by Cisco in partnership with Foundry, reveals that organizations in Saudi Arabia face a two-year window before network capacity reaches its limit, as AI-driven traffic increases significantly across key AI workloads and attack surfaces expand beyond what current...

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Business & Money | Tuesday 30 June, 2026 2:57 pm

NWC Completes 50 Projects at SR +2.4b in 2026

The National Water Company (NWC) continued its efforts to promote and support sustainable development in the Kingdom by completing 50 projects with a total value of 2.4 billion Saudi Riyals throughout 2026. These projects helped deliver water and sanitation services to beneficiaries in various...

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Business & Money | Tuesday 30 June, 2026 2:52 pm

PIF net profit leaps 153% to SAR 65.2B in 2025; assets top SAR 4.5T

Saudi Arabia's Public Investment Fund (PIF) published today, June 30, its independently audited consolidated financial statements for 2025 on the London Stock Exchange.The financial statements showed that the fund delivered strong year-on-year (YoY) profit growth last year, with net profit more...

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Business & Money | Monday 29 June, 2026 12:49 pm

ICIEC Concludes IsDB Group Annual Meetings 2026 in Baku with Seven Agreements Exceeding USD 1 Billion

Baku, Republic of Azerbaijan - The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, concluded its participation in the IsDB Group Annual Meetings 2026 in...

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Business & Money | Monday 29 June, 2026 11:19 am

The Islamic Corporation for the Development of the Private Sector (ICD) Signs 13 Landmark Agreements to Promote Private Sector Growth in its Member Countries

Baku, Azerbaijan – The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, is pleased to announce the signing of 13 significant financing and strategic cooperation agreements with various counterparts aimed at catalyzing...

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Business & Money | Sunday 28 June, 2026 4:53 pm

Cenomi Centers inks SAR 1.33B contract for Al Khobar Downtown Mall, Boulevard

Arabian Centers Co. (Cenomi Centers) signed today, June 28, a design and build contract for the Al Khobar Downtown Mall and Boulevard project with Lynx Contracting Co., at a value of SAR 1.33 billion (excluding VAT). According to a Tadawul statement, the scope of the contract includes design,...

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Business & Money | Sunday 28 June, 2026 4:38 pm

NWC Participates in Saudi Water Week 2026 to Boost Sustainability and Innovation

The National Water Company (NWC) will participate in Saudi Water Week 2026, held in Jeddah from June 28 to July 2. The company’s participation stresses its pivotal role in advancing the water sector and enhancing its sustainability, and proceeding from its commitment to adopt innovative solutions ...

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Business & Money | Sunday 28 June, 2026 4:34 pm

Hamad Bin Saedan affiliate sells 74 factories for SAR 190M

Hamad Mohammed Bin Saedan Real Estate Co. stated that its 50%-owned subsidiary Moatan Al-Tasheed Co. sold industrial real estate assets for SAR 190 million, excluding taxes and commissions. The assets comprise 74 standard factories in Blocks 5 and 13 of the Industrial Gateway City project in...

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Business & Money | Sunday 28 June, 2026 4:31 pm

Jabal Omar plans to sell 400 hospitality units, develop Phase 7

Jabal Omar Development Co. announced strategic initiatives after the Jabal Omar project was included among the geographic areas where non-Saudis are allowed to own real estate. The company said in a Tadawul statement that it plans to offer 400 existing hospitality residential units for sale...

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Business & Money | Sunday 28 June, 2026 4:30 pm

Dubai Records Largest Half-Year Project Launch ever, W capital Report

 A survey conducted by W Capital Real Estate Brokerage revealed that the value of prospect  and new real estate projects in Dubai since the beginning of 2026 has exceeded AED 275 billion.  This indicator reflects the continued exceptional momentum in the real estate sector and...

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