Tourism & Hospitality | Sunday 27 September, 2026 8:00 am

Saudi Arabia ranks 29th in 2026 travel & tourism index

Saudi Arabia ranked 29th globally in the 2026 Travel and Tourism Development Index, released by the World Economic Forum, placing the Kingdom among the world’s top 30 countries in the sector, the Ministry of Tourism said. It noted that the Kingdom’s ranking has followed an upward...

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Business & Money | Sunday 27 September, 2026 8:00 am

Aramco seeks additional export routes, overseas storage capacity: CEO

Saudi Aramco continues to explore additional export routes as it works to expand its storage capacity outside the Kingdom to ensure uninterrupted supplies to global markets, said President and CEO Amin Nasser. In comments to Nikkei Asia, as reported by media outlets, Nasser said Aramco...

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Business & Money | Thursday 24 September, 2026 8:00 am

King Salman approves King Abdulaziz mosque north of Riyadh

King Salman bin Abdulaziz ordered that a mosque to be built north of Riyadh be named after King Abdulaziz, following a proposal by Crown Prince and Prime Minister Mohammed bin Salman. He also ordered that an 88,000-square-meter plot along King Abdulaziz Road be allocated for the mosque’s...

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Business & Money | Thursday 24 September, 2026 7:30 am

Aramco plans new gas unit, potential listing

Saudi Aramco is planning to reorganize its business to create a new gas division, Reuters reported, citing sources familiar with the matter, as the oil giant explores ways to raise capital, including potential stock market listings of some of its businesses. The restructuring would expand...

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Business & Money | Wednesday 23 September, 2026 12:26 pm

SCA awards 13 construction projects in August worth SAR 4.9B

The Saudi Contractors Authority (SCA) issued its monthly report on the Kingdom’s contracting sector for August 2026, providing contractors and investors with information on key developments in sector projects. According to the report, 13 construction projects were awarded in August, with a...

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Business & Money | Tuesday 22 September, 2026 5:23 pm

Umm Al Qura for Development and Construction announces early execution of land reservation, sale deal with Numu, with SAR 700M investments to develop serviced apartment tower at Masar Destination

Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar Destination, has signed an agreement with Numu to develop a serviced apartment tower in the central district of Masar destination. The project will feature approximately 460 hospitality units and is...

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Business & Money | Monday 21 September, 2026 9:42 am

PIF launches Tawrid for supply-chain financing

The Public Investment Fund (PIF) announced today, Sept. 20, the launch of Tawrid Company for Financing Solutions, an innovative digital platform providing supply-chain financing products to companies in the Saudi Arabian market. Tawrid has obtained the Saudi Central Bank’s (SAMA) permit to...

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Business & Money | Monday 21 September, 2026 9:39 am

MIS inks agreement with HUMAIN worth over SAR 8.7B

Al Moammar Information Systems Co. (MIS) signed an agreement with HUMAIN to expand the scope of work for the design and construction of data centers dedicated to AI technologies, increasing capacity from 50 MW to 250 MW. The award letter was received on Aug. 25, the company said in a Tadawul...

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Business & Money | Sunday 20 September, 2026 8:00 am

Saudi Arabia issues 268 industrial licenses in May worth SAR 2.2B

The Ministry of Industry and Mineral Resources issued 268 new industrial licenses in May, with investments estimated at SAR 2.23 billion. These projects are expected to provide more than 2,484 jobs across the Kingdom, according to the National Center for Industrial and Mining Information...

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Business & Money | Sunday 20 September, 2026 8:00 am

Saudi banks issue nearly SAR 31B sukuk in 2026

TASI-listed banks have announced a series of sukuk issuances since early 2026, including Additional Tier 1 (AT1) sukuk, as well as two social sukuk issuances by Al Rajhi Bank (Tier 1 and Tier 2).According to an Argaam study, the value of Saudi riyal-denominated issuances ranged from SAR 1.46...

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