Business & Money | Thursday 27 November, 2025 10:07 am

Misk Art Institute Signs Three Strategic Partnerships at Misk Global Forum 2025 in Riyadh

Misk Art Institute, a subsidiary of the Mohammed bin Salman Foundation “Misk,” has announced three strategic partnerships to drive cultural engagement and academic exchange. The agreements were signed during the Misk Global Forum 2025 (MGF25) held in Riyadh on November 19-20 under the theme...

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Business & Money | Wednesday 26 November, 2025 8:00 am

Changes to sugar-based excise tax for sweetened drinks to take effect early 2026: Minister

Minister of Industry and Mineral Resources Bander Al-Khorayef revealed that the new tax policy on sugar for beverages will be implemented starting January 1, 2026, noting that the matter was one of the most prominent concerns brought up by industry players in recent periods and has now been...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Abyat launches new logistics center in Dammam at over SAR 100M

The Minister of Transport and Logistics Services, and Chairman of the Saudi Ports Authority (MAWANI), Saleh Al-Jasser, inaugurated Abyat’s new regional logistics center at King Abdulaziz Port in Dammam, which spans over an area of more than 110,000 square meters, with an investment value...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Aramco mulls stake sale in oil terminals, real estate assets: Report

Saudi Aramco is considering the sale of a stake in its lucrative oil export and storage terminals as part of broader plans to divest several assets, Bloomberg reported, citing informed sources. Banks have been asked to pitch for roles on feasibility studies for potential disposals that...

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Business & Money | Monday 24 November, 2025 8:00 am

The Helicopter Company, Red Sea Global, and Joby Aviation Partner to Advance eVTOL Mobility in Saudi Arabia

The Helicopter Company (THC), a Public Investment Fund (PIF) company and Saudi Arabia’s premier commercial helicopter operator, has signed a Memorandum of Understanding (MoU) with Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, and Joby...

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Business & Money | Monday 24 November, 2025 8:00 am

Albasateen Real Estate unveils Al Basateen Tower project, signs development deals at Cityscape

Albasateen Real Estate Company unveiled its Al Basateen Tower project in Riyadh, located at the intersection of King Fahd Road and the Northern Ring Road in Al Nakheel district, while taking part in Cityscape Global 2025. The project spans more than 3,500 square meters with over 60,000 square...

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Business & Money | Sunday 23 November, 2025 10:44 am

Al Akaria inks deal with Expo 2030 Riyadh for initial works at Expo 2030 site

Saudi Real Estate Co. (Al Akaria), through its subsidiary Saudi Real Estate Infrastructure Co. (Binyah), signed a framework agreement with Expo 2030 Riyadh Co. (ERC) to carry out initial works at the Expo 2030. The agreement includes demolition, excavation and backfilling, as well as the...

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Business & Money | Sunday 23 November, 2025 10:41 am

SISCO unit wins SAR 133.5M project from NWC

Sustained Infrastructure Holding Co. (SISCO) said its 50%-owned subsidiary, International Water Distribution Co. (Tawzea), received a project awarded notice from the National Water Co. (NWC) valued at SAR 133.5 million, excluding VAT. The SISCO unit will undertake the operation and maintenance ...

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Business & Money | Thursday 20 November, 2025 11:00 am

Seera decides to sell Kayanat project, expects SAR 590M in exit proceeds

Seera Group Holding announced the approval of the sale of the Kayanat Central business park by the board of directors of Kayanat Fund — a private real estate fund managed by Alistithmar Capital and created to develop the project, in which Seera is an investor. The sale is set to proceed once ...

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Business & Money | Thursday 20 November, 2025 9:04 am

Valetax Stands Out as Multi-Award Winner at Jeddah Fintech Week 2025

Valetax marked a major milestone with a powerful presence at Jeddah Fintech Week 2025, held on 16 and 17 November at the Jeddah Hilton Hotel. As the Official Sponsor, the company delivered an impactful showcase that strengthened its relationships with traders, partners, and fintech professionals...

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