Business & Money | Thursday 12 November, 2026 4:14 pm

Foreign investor licenses surge 110%; regional HQs hit 780: Minister

Saudi Arabia’s Investment Minister Fahad Al-Saif said licenses issued to foreign investors rose 110% YoY, while the Kingdom is now home to 780 regional headquarters (HQs) of international companies. Speaking via video link at the BNP Paribas Global Markets Conference in London, Al-Saif said...

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Business & Money | Thursday 12 November, 2026 4:11 pm

Saudi Arabia has 79 GW of renewables under development: Energy Minister

Prince Abdulaziz bin Salman, Minister of Energy and Minister of Industry and Mineral Resources, said Saudi Arabia has approximately 79 gigawatts (GW) of renewable energy projects under development. The Kingdom is targeting carbon capture and storage capacity of 44 million tons per year over...

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Business & Money | Thursday 12 November, 2026 4:06 pm

Saudi Arabia ranks third globally in AI talent growth: SDAIA

The Saudi Data and AI Authority (SDAIA) has released a study on the state of artificial intelligence (AI) in the Kingdom, highlighting the Kingdom's progress in AI across seven areas: policies and regulations, investment, infrastructure, data, talent and human capabilities, research and innovation, ...

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Business & Money | Monday 9 November, 2026 4:35 pm

Agreements signed for SAR 5.66B Wasel Al Haram Project in Makkah

Saudi Arabia’s Transport General Authority (TGA), the executive arm of the Royal Commission for Makkah City and Holy Sites, signed on Nov. 8 agreements for the Wasel Al Haram project, covering parking facilities, stations, and transport corridors in the central area and across Makkah, with a...

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Business & Money | Monday 9 November, 2026 4:19 pm

Infra, HUMAIN sign two financing agreements worth SAR 2.5B

The National Infrastructure Fund (Infra) and HUMAIN signed two financing agreements totaling up to SAR 2.5 billion ($667 million) to support the provision of AI computing capacity and the development of critical energy infrastructure in Saudi Arabia. The first financing facility, dedicated to...

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Business & Money | Sunday 8 November, 2026 5:53 pm

Saudi Fund for Development Signs Six Development Loan Agreements Worth Over USD 403 Million with Syria

The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth more than USD 403 million with the Syrian Arab Republic, marking a significant step in supporting the country’s recovery through the rehabilitation of essential infrastructure, restoration of vital...

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Business & Money | Sunday 8 November, 2026 5:44 pm

Reportage Saudi Arabia Strengthens Its Presence in Riyadh with SAR 1.1 Billion in Investments

Reportage Saudi Arabia is further strengthening its presence in Riyadh with investments totaling SAR 1.1 billion, as the company continues to expand its residential portfolio, led by Najd 6 and Najd 7 in the Al Arid district of Riyadh, alongside ongoing progress in construction and development...

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Business & Money | Thursday 5 November, 2026 5:09 pm

Retal sees SAR 6B revenue in coming quarters, SAR 600M exits in 2027: CEO

Ammar Al-Ghoul, CEO of Retal Urban Development Co., said the total value of the company's project portfolio amounts to nearly SAR 38 billion, comprising SAR 25 billion in direct owned development projects and SAR 13 billion in real estate funds it manages and invests in. In an interview with...

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Business & Money | Wednesday 4 November, 2026 7:06 pm

Saudi Arabia attracts 1,200 new foreign enterprises in October: Official

Sultan Al-Musallam, Secretary-General of the Federation of Saudi Chambers, said that the Kingdom had attracted more than 1,200 new foreign enterprises in October, thanks to the reforms implemented over the past 10 years. In an interview with Al Arabiya Business, Al-Musallam explained that more ...

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Business & Money | Tuesday 3 November, 2026 4:09 pm

Saudi budget Q3 2026: Revenues at SAR 259.11B, expenditures at SAR 343.42B

The Ministry of Finance today, Nov. 3, announced the (actual) general budget figures for Q3 2026, with revenues totaling SAR 259.11 billion and public expenditures reaching SAR 343.42 billion. The budget recorded a deficit of SAR 84.31 billion in Q3 2026. Revenues for the first nine...

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