Business & Money | Sunday 8 February, 2026 10:57 am

‎The Council of Ministers’ recognition of the Real Estate Future Forum underscores the Forum’s role as a national platform for alignment, partnership, and measurable impact

‎The Council of Ministers’ recognition of the Real Estate Future Forum underscores the Forum’s role as a national platform for alignment, partnership, and measurable impact — translating dialogue into outcomes that advance the sector’s developmental...

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Business & Money | Thursday 13 August, 2026 3:45 pm

PIF publishes 2026-2030 strategy document

The Public Investment Fund (PIF) published today, Aug. 12, its strategy document for 2026-2030, which was approved by the fund’s board in mid-April. Under the strategy, PIF will focus on building highly competitive domestic economic ecosystems, enhancing integration across sectors,...

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Business & Money | Thursday 13 August, 2026 12:41 pm

Saudi Arabia among top 10 AI investors: World Bank

Saudi Arabia ranks among the world's top 10 countries for private investment in artificial intelligence (AI), the World Bank said in its World Development Report 2026: Promise of AI Intelligence. The report also identified Saudi Arabia as one of the leading destinations for AI talent in 2025,...

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Business & Money | Thursday 13 August, 2026 12:34 pm

Acwa signs $400M deal to develop desalination plant in Indonesia

ACWA Power (Acwa) signed a joint development agreement with PT GARAM, Indonesia’s state-owned salt producer, to develop the country’s first integrated seawater desalination and industrial salt production facility. The salt production facility will be developed under a build-own-operate...

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Business & Money | Thursday 13 August, 2026 12:05 pm

472 projects worth SAR 233.2B awarded in 2025: SCA

The total value of projects in Saudi Arabia’s construction sector reached about SAR 233.2 billion in 2025, spread across 472 projects, according to the Saudi Contractors Authority’s (SCA) annual report. The total value of projects in Saudi Arabia’s contracting sector reached about SAR...

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Business & Money | Wednesday 12 August, 2026 5:03 pm

AWPT signs SAR 101.3M contract with NWC

Alkhorayef Water and Power Technologies Co. (AWPT) signed a SAR 101.32 million, excluding VAT, contract with National Water Co. (NWC) to operate and maintain water and wastewater networks in Al Khobar. AWPT had won the 36-month contract in July, and received it with all due signatures on Aug....

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Business & Money | Wednesday 12 August, 2026 4:58 pm

SAB Invest Launches Global Select Equity Fund to Provide Investors with Access to Global Growth Opportunities

SAB Invest today announced the launch of the SAB Invest Global Select Equity Fund, a new open-ended, Shariah-compliant public fund designed to provide investors with access to a concentrated portfolio of exceptional global companies expected to benefit from long-term structural growth trends...

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Business & Money | Tuesday 11 August, 2026 7:16 pm

XM launches GOLD24-7, bringing weekend gold trading to its clients

XM, also known as XM Arabia, has introduced GOLD24-7, a new Gold trading instrument that gives traders access to Gold markets seven days a week. Unlike traditional Gold CFDs, which follow standard market hours, GOLD24-7 allows traders to continue trading Gold over the...

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Business & Money | Tuesday 11 August, 2026 3:59 pm

Luberef extends Jeddah facility land lease with Aramco to 2030

Saudi Aramco Base Oil Co. (Luberef) said it extended its utilities services agreement, which includes the land lease for its Jeddah facility, with Saudi Aramco until Dec. 31, 2030, with an option to renew. The extension agreement was signed on Aug. 9 and covers the period from July 1, 2026, to ...

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Business & Money | Tuesday 11 August, 2026 12:15 pm

IsDBI Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

Jeddah, Kingdom of Saudi Arabia – The Islamic Development Bank Institute (IsDBI) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System. The patent was granted on 10 July 2026 under Singapore...

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Business & Money | Tuesday 11 August, 2026 11:59 am

Money20/20 Middle East Returns to Riyadh as Global Fintech Leaders Gather to Shape the Future of Finance

Money20/20 Middle East, the region's home for the global money ecosystem, will return to Riyadh from 14–16 September 2026, bringing together regulators, financial institutions, fintech innovators, investors and technology leaders.  Hosted by the Financial Sector Development Program...

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