Business & Money | Thursday 1 October, 2026 12:03 pm

Islam Al Bayaa assumes role as CEO of KPMG Middle East; Khalil Al Sedais appointed Country Leader, Saudi Arabia

Islam Al Bayaa has formally assumed his role as CEO of KPMG Middle East, following the announcement of his appointment on 15 May 2026, when KPMG confirmed he would take office effective 1 October.Al Bayaa will lead KPMG Middle East across Saudi Arabia, the UAE, Oman, Jordan, Lebanon and Iraq,...

More Details

Business & Money | Thursday 1 October, 2026 11:48 am

ITFC recognised as Leading non-bank trade finance and investment provider at GTR+ MEA Leaders in Trade Awards 2026

Jeddah, Saudi Arabia - The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has been named Leading non-bank trade finance and investment provider, including trade finance funds at the GTR+ MEA Leaders in Trade Awards 2026. The...

More Details

Business & Money | Thursday 1 October, 2026 8:00 am

Crown Prince: Current conditions demonstrate resilience of national economy, sustainability of public finances

On behalf of King Salman bin Abdulaziz, Crown Prince Mohammed bin Salman today inaugurated the proceedings of the third year of the ninth session of the Shura Council. The Crown Prince delivered the annual royal address, stressing that the events currently unfolding in the region demonstrate...

More Details

Business & Money | Thursday 1 October, 2026 8:00 am

Al-Jouf Agricultural expects ENGIE solar project completion in Q3 2027

Al-Jouf Agricultural Development Co. said work is underway on its solar power purchase project with French energy company ENGIE, with completion now expected in Q3 2027. The company said in a Tadawul statement that the delay is due to ongoing contractual, regulatory, and technical procedures...

More Details

Business & Money | Thursday 1 October, 2026 8:00 am

Saudi 2027 budget estimates reflect continued global uncertainty: Al-Jadaan

Saudi Minister of Finance, Mohammed Al-Jadaan, affirmed that the 2027 budget estimates must be viewed in light of a global economic environment characterized by continued uncertainty and the acceleration of geopolitical developments. The Kingdom continues to manage its public finances...

More Details

Business & Money | Thursday 1 October, 2026 3:46 am

Why Protecting Security Personnel Matters as Saudi Arabia Builds a World-Class Events Industry

The events schedule in Saudi Arabia is expanding at a rate that is hard for most markets to equal. Riyadh Season has drawn in over 20 million visitors within one year, and conferences and exhibitions are now held continuously throughout the country for most of the year. As part of Vision 2030,...

More Details

Business & Money | Wednesday 30 September, 2026 7:42 pm

Grova Developments Awards Hassan Allam Construction USD 1 Billion Contract to Deliver Grova Westfields in West Cairo

Grova Developments, the real estate development arm of Hassan Allam Holding, has appointed Hassan Allam Construction to deliver Grova Westfields in West Cairo under a contract valued at USD 1 billion. Building on the success of Grova EastHills in East Cairo which saw Phase One fully sold out, Grova ...

More Details

Business & Money | Wednesday 30 September, 2026 7:39 pm

Saudi Arabia estimates 2027 revenue at SAR 1.20T, spending at SAR 1.39T

Saudi Arabia’s Ministry of Finance released its preliminary 2027 budget estimates, projecting revenue of SAR 1.20 trillion and expenditure of SAR 1.39 trillion, with a deficit of SAR 190 billion. Actual Revenues & Expenditure of Saudi Arabia's Budget...

More Details

Business & Money | Wednesday 30 September, 2026 5:35 pm

Riyadh Takes Center Stage as Global Energy Heavyweights Gather for the 25th WPC Energy Congress

HRH Prince Abdulaziz bin Salman bin Abdulaziz to open flagship energy congress at Riyadh RFECC; five-day programme will tackle energy security, global markets, AI, investment and the future of energy. In less than a month, the 25th WPC Energy Congress will begin, bringing energy ministers,...

More Details

Business & Money | Wednesday 30 September, 2026 5:22 pm

MESC renews SAR 150M banking facilities with Al Rajhi Bank

Middle East Specialized Cables Co. (MESC) signed an agreement with Al Rajhi Bank to renew Shariah-compliant banking facilities worth SAR 150 million, the company said in a statement to Tadawul on Sept. 30. MESC said the financing is secured by a promissory note worth SAR 153.46 million and the ...

More Details