Business & Money | Monday 16 February, 2026 2:14 pm

Saudi Real Estate Refinance Company Signs Deal to Boost Residential Mortgage Market Stability

 The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) company, has signed a residential real estate finance portfolio purchase agreement with Saudi Awwal Bank (SAB).  The signing ceremony was attended by the Minister of Municipalities and Housing and SRC Board...

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Business & Money | Monday 16 February, 2026 1:37 pm

KHC says xAI revaluation increases NAV by SAR 11.6B

The recent merger between xAI and SpaceX will likely result in raising Kingdom Holding Co.’s (KHC) net assets value (NAV) by SAR 11.6 billion, compared to its investment in xAI’s carrying value in the most recent interim financial statements. In a statement to Tadawul, KHC said...

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Business & Money | Monday 16 February, 2026 1:36 pm

Saudi Arabia achieves 92% of labor strategy: HRSD minister

Saudi Arabia’s labor market system reached 92% of the targets set in the 2020 Labor Market Strategy, Minister of Human Resources and Social Development (HRSD) Ahmad AlRajhi said. Speaking with entrepreneurs in the Madinah region, AlRajhi said 2.5 million Saudis now work in the private...

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Business & Money | Monday 16 February, 2026 1:34 pm

DP World announces new leadership appointments

DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer. Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive...

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Business & Money | Monday 16 February, 2026 1:32 pm

UAE celebrates European energy, industrial partnership at Munich Security Conference

The UAE Embassy in Berlin, ADNOC, XRG, Masdar, and the Germany-UAE Business Council last night celebrated the UAE-European energy and industrial partnership at a reception on the sidelines of the Munich Security Conference. Hosted by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and...

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Business & Money | Monday 16 February, 2026 1:30 pm

ADNOC Group's listed companies report AED190.1 billion in revenues for 2025

ADNOC Group’s listed companies reported record financial results for the full year 2025, demonstrating sustained momentum across the Group’s integrated value chain and highlighting continued delivery against the growth and shareholder value commitments set out at the Company’s inaugural...

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Business & Money | Monday 16 February, 2026 1:29 pm

Dubai Chambers empowers SMEs with alternative banking solutions in cooperation with 4 fintech companies

Dubai Chambers has enhanced its efforts in providing the business community with access to advanced and alternative banking services. This initiative is enabled through Memorandums of Understanding signed with four specialised FinTech companies. The collaboration aims to empower local small...

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Business & Money | Sunday 15 February, 2026 9:37 am

SAL renews ground handling, air cargo pact with Royal Jordanian Airlines

SAL Saudi Logistics Services Co. renewed its strategic partnership with Royal Jordanian Airlines through its ground handling division by signing an agreement to continue providing integrated ground handling and air cargo solutions. In a statement to Tadawul, SAL said the contract has no...

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Business & Money | Sunday 15 February, 2026 9:33 am

King Salman Airport signs 7 MoUs for real estate development

King Salman International Airport signed seven MoUs with leading Saudi real estate developers on the sidelines of the fourth PIF Private Sector Forum. According to SPA, the agreements were signed with Sumou Holding, Mohammed Al Habib Investment, Kinan, Ajdan, Retal, Urjwan and Osus. The...

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Business & Money | Sunday 15 February, 2026 9:30 am

Hassan Allam launches SAR 3.3B Noor Khuzam project in Riyadh

Egypt-based Hassan Allam Holding has launched the Noor Khuzam housing project in the north of Riyadh, a new residential community in partnership with Tilal Real Estate and in collaboration with the National Housing Co. (NHC). According to a company statement, the development will comprise more ...

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