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,...

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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...

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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...

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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,...

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Business & Money | Monday 11 May, 2026 10:36 am

Retal signs SAR 3.1B Oman housing development deal

Retal Urban Development Co. said it signed a development agreement on May 10 with Oman’s Ministry of Housing and Urban Planning for a project valued at SAR 3.1 billion (OMR 320 million), according to a statement to Tadawul. Under the agreement, Retal will serve as the lead developer for an...

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Business & Money | Monday 11 May, 2026 10:21 am

flynas delivers net profit of ¥ 118 million, ¥ 2.0 billion revenue up 10% YoY in 1Q 2026

flynas (Tadawul: 4264, “the company”), a leading low-cost carrier (“LCC”) in the Middle East and North Africa (“MENA”) region, today announces its financial and operational results for the first quarter ended March 2026. flynas delivered a solid operational and financial...

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Business & Money | Monday 11 May, 2026 10:20 am

First Avenue renews SAR 200M financing facility with Al Rajhi Bank

First Avenue Real Estate Development Co. renewed its Sharia-compliant banking facilities on May 10 with Al Rajhi Bank, valued at SAR 200 million.   The company said the financing will be used to fund the acquisition and development of its projects, support its expansion plans, and...

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Business & Money | Wednesday 6 May, 2026 3:19 pm

IBM and Aramco Explore Collaboration to Accelerate AI and Innovation Across Saudi Arabia

 Aramco (2222.SE) and IBM (NYSE: IBM) today announced their intended collaboration on opportunities to advance artificial intelligence, agentic AI, automation, material science and other mutually agreed domains in the industrial sector.  The collaboration builds on a longstanding...

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Business & Money | Wednesday 6 May, 2026 3:15 pm

SEREDO 2026 Exhibition Opens in Eastern Region, Showcasing Real Estate Development and Investment Opportunities

The Saudi Real Estate Development and Ownership Exhibition SEREDO 2026 opened on Monday 4 May, 2026 at Al-Darah Hall in Dammam under the patronage of the Ministry of Municipalities and Housing.  The event features broad participation from public and private sector entities, developers,...

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Business & Money | Tuesday 5 May, 2026 11:23 am

Emaar EC awards SAR 547M infrastructure project to Nesma & Partners

Emaar The Economic City awarded on May 4 an infrastructure project within the Industrial Valley and the Special Economic Zone at King Abdullah Economic City to Nesma & Partners, according to a statement to Tadawul. According to a statement to Tadawul, the project was awarded on...

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