Business & Money | Tuesday 12 May, 2026 1:05 pm

GCC Secretary-General: GCC and UK Commerce Ministers Commend Progress in Free Trade Agreement Negotiations

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi stated that the commerce ministers of the GCC member states and the United Kingdom have commended the significant progress achieved in the Free Trade Agreement (FTA) negotiations between the two sides. They expressed their...

More Details

Business & Money | Tuesday 12 May, 2026 12:56 pm

Municipalities Minister: Saudi Arabia to Showcase Sustainable Urban Success at World Urban Forum

Minister of Municipalities and Housing Majed Al-Hogail, leading the Kingdom’s delegation at the 13th World Urban Forum in Baku, Azerbaijan, revealed that Saudi Arabia will showcase its pioneering experience in sustainable urban development, highlighting qualitative transformations in housing,...

More Details

Business & Money | Tuesday 12 May, 2026 12:43 pm

Arabian Pipes signs supply contract in Kuwait’s KAC Trading

Arabian Pipes Co. signed a contract on May 11 with Kuwait’s KAC Trading Co. to manufacture and supply casing pipes for Kuwait Oil Co.In a statement to Tadawul, the company said the contract value exceeds 5% of its total revenue, according to its latest audited financial statements for 2025.The...

More Details

Business & Money | Tuesday 12 May, 2026 12:42 pm

Al Akaria awards first package of Porta Jeddah project at SAR 463.1M

Saudi Real Estate Co. (Al Akaria) awarded, on May 11, the first package of the Porta Jeddah project in Jeddah to Mounes Mohamed Alshayeb for Civil Construction (MOBCO) at SAR 463.13 million, excluding VAT. The company said in a Tadawul filing that the first package includes execution of the...

More Details

Business & Money | Tuesday 12 May, 2026 12:33 pm

Saudi Arabia's Industrial Sector Records 188 New Licenses in March 2026

The Ministry of Industry and Mineral Resources issued 188 new industrial licenses during March 2026, while 78 factories commenced production in the same month, according to the ministry's National Center for Industrial and Mining Information.The new licenses represent investments exceeding SAR1.81...

More Details

Business & Money | Tuesday 12 May, 2026 12:26 pm

RAK Ceramics delivers resilient Q1 2026 performance amid regional disruptions

RAK Ceramics PJSC (Ticker: RAKCEC: Abu Dhabi), one of the world’s leading lifestyle ceramics brands, reported resilient financial results for the first quarter ending 31st March 2026.  Financial Highlights (Q1 2026) RAK Ceramics delivered a resilient first-quarter performance in...

More Details

Business & Money | Tuesday 12 May, 2026 12:22 pm

Nahyan bin Mubarak Unveils Greenz by Danube, Dubai’s First Fully Furnished Master Villa Project

H.E. Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, unveiled “Greenz by Danube,” the latest development by Danube Properties, during a major event held at Coca-Cola Arena in Dubai. The launch was attended by Rizwan Sajan, Founder and Chairman of Danube Group, along...

More Details

Business & Money | Tuesday 12 May, 2026 12:20 pm

RAKEZ ties up with A&A Associate to support business continuity and legacy planning

RAKEZ has joined forces with A&A Associate to provide its growing business community with access to services including will drafting and succession planning, designed to support long-term business continuity and asset protection. The agreement was signed by RAKEZ Chief Commercial Officer...

More Details

Business & Money | Tuesday 12 May, 2026 12:03 pm

Riyadh Air Launches Program to Empower Saudi Aviation Talent

Riyadh Air has launched the “NAWAT Cabin Crew Program” to develop national talent in the aviation sector, supporting its vision to connect the Kingdom to more than 100 global destinations by 2030.The program aims to attract and train thousands of Saudis as the airline expands its operations,...

More Details

Business & Money | Tuesday 12 May, 2026 10:36 am

Capital Isn’t Enough: Why MEA’s Next Growth Wave Depends on Integrated Ecosystems

Across the Middle East and Africa (MEA), innovation is accelerating at an unprecedented pace. Governments are investing heavily in digital transformation, entrepreneurship is becoming central to economic diversification strategies, and institutional interest in emerging markets continues to...

More Details