Business & Money | Thursday 20 August, 2026 8:00 am

Red Sea Global opens Rosewood AMAALA, expanding its portfolio of luxury resorts

 Red Sea Global (RSG), the regenerative tourism developer, has announced the opening of Rosewood AMAALA, a luxury resort located at Triple Bay on Saudi Arabia’s northwestern Red Sea coast. The opening marks another milestone in the company’s strategy to establish AMAALA as the Kingdom’s...

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Business & Money | Thursday 20 August, 2026 8:00 am

Sport Ministry transfers 25% of top clubs to PIF

Saudi Arabia’s Ministry of Sport said today, Aug. 19, that, after completing the required regulatory procedures, it has begun transferring ownership of shares held by nonprofit entities to the Public Investment Fund. The shares represent 25% of the companies operating four clubs — Al-Ittihad...

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Business & Money | Thursday 20 August, 2026 8:00 am

Cenomi Centers signs 2 agreements with Saudi Downtown

Arabian Centres Co. (Cenomi Centers) signed on Aug. 18 two agreements with Saudi Downtown Co., one of Public Investment Fund's units, according to a statement to Tadawul. The first agreement involves development services for retail and shopping center components of the Al Madinah Downtown ...

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Business & Money | Wednesday 19 August, 2026 8:00 am

Aramco, Maaden sign JV deal for mineral exploration, hard-rock mining

Saudi Aramco and Saudi Arabian Mining Co. (Maaden) today, Aug. 18, announced the signing of a shareholders’ agreement to form a joint venture to unlock new opportunities in mineral exploration and hard-rock mining in the Kingdom. The JV will focus on copper and other minerals critical...

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Business & Money | Tuesday 18 August, 2026 4:40 pm

Saudi Traders Can Meet XM Arabia Team at Forex Expo Dubai 2026

XM Arabia will sponsor Forex Expo Dubai 2026, taking place on 22 and 23 September at Dubai World Trade Centre, marking the broker's sixth consecutive year at the event. Visitors to Booth #149 will be able to meet XM experts, enjoy surprises at the booth, and access educational activities designed...

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Business & Money | Tuesday 18 August, 2026 8:40 am

WOTN Takes Centre Stage with Four Saudi Event Awards 2026 Nominations

 WOTN has marked a new milestone in its journey by securing four nominations at the Saudi Event Awards 2026, a notable achievement that reflects the breadth of its expertise and the strength of its integrated capabilities across the events and experience industry. WOTN has been nominated...

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Business & Money | Tuesday 18 August, 2026 8:00 am

Powering UAE's edge: Dubai Customs turns operations into competitive advantage

The 2025 performance results tracked by the 2026 Competitiveness Report reflect the growing reach of customs work in supporting UAE competitiveness, given the direct link between the efficiency of customs procedures and the pace of trade, the resilience of supply chains, the quality of government...

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Business & Money | Tuesday 18 August, 2026 8:00 am

CBUAE issues Financial Stability Report 2025, affirming strength, resilience of UAE financial system

The Central Bank of the UAE (CBUAE) has issued its Financial Stability Report 2025, affirming the strength and resilience of the UAE financial and banking system, supported by the robust performance of the banking sector, adequate capitalisation and liquidity, improved asset quality, and continued...

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Business & Money | Tuesday 18 August, 2026 8:00 am

Masdar, ScottishPower Renewables mark major engineering milestone at East Anglia THREE windfarm

Abu Dhabi Future Energy Company PJSC – Masdar and ScottishPower Renewables have completed a major construction milestone at the £4 billion East Anglia THREE offshore wind farm, with all 95 foundations now installed off the Suffolk coast. Weighing in at 1,200-1,800 tonnes, standing 67-84...

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Business & Money | Tuesday 18 August, 2026 8:00 am

Nakheel begins handover of 892 homes at Jebel Ali Village

Nakheel, a member of Dubai Holding Real Estate, has begun handing over 892 homes at Jebel Ali Village, as residents start moving into the new residential community. The development is expected to be home to approximately 5,500 residents. Khalid Al Malik, Chief Executive Officer of Dubai...

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