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

Alswaha discusses AI infrastructure expansion in Saudi Arabia with AWS, Microsoft

Saudi Minister of Communications and Information Technology Abdullah Alswaha held meetings with executives from Amazon Web Services (AWS) and Microsoft in Seattle to discuss accelerating the expansion of the Kingdom’s AI infrastructure and computing capacity. Alswaha met with AWS CEO Matt...

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

KEC to launch Knowledge Gardens fund within 6 months: CIO

Marko Vucinic, Chief Investment Officer and Executive Director of Investment & Asset Management at Knowledge Economic City (KEC), said procedures to establish and launch the investment fund for the Knowledge Gardens project are expected to be completed within the next six months. Speaking...

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Business & Money | Thursday 17 September, 2026 8:00 am

SAMA raises reverse repo, repo rates by 25 bps

The Saudi Central Bank (SAMA) raised its reverse repurchase agreement (reverse repo) rate by 25 basis points from 3.75% to 4%, and increased its repurchase agreement (repo) rate by 25 basis points from 4.25% to 4.50%. The decision follows the US Federal Reserve’s 25-basis-point rate hike...

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Business & Money | Wednesday 16 September, 2026 5:01 pm

50 global hospitality operators enter Saudi Arabia since 2020

Tourism Minister Ahmed Al-Khateeb said the Saudi market has attracted around 50 global hospitality operators since 2020, noting that the hospitality sector aims to build a more competitive market, expand visitor choices, and enhance the overall experience, rather than simply increase the number of...

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Business & Money | Tuesday 15 September, 2026 6:22 pm

Saudi-Egypt trade exchange hits SAR 444B in 10 years

Saudi Arabia and Egypt have maintained strong economic and trade relations spanning decades, covering a wide range of areas, foremost among them trade, investment, energy, and services. Bilateral trade is one of the most prominent aspects of these relations, with a diverse range of traded goods,...

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Business & Money | Tuesday 15 September, 2026 6:09 pm

SAR 5.5B invested in Saudi ports during regional crisis: MAWANI

Saudi Ports Authority (MAWANI) President Suliman bin Khalid Al-Mazroua said total investments in Saudi ports exceeded SAR 5.5 billion during the crisis in the Middle East, underscoring the sector’s continued expansion, efforts to boost operational efficiency, and infrastructure...

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Business & Money | Tuesday 15 September, 2026 6:04 pm

Al Majdiah, KEC to develop SAR 2.8B project in Madinah

Dar Al Majdiah Real Estate Co. (Al Majdiah) signed a memorandum of understanding (MoU) with Knowledge Economic City Co. (KEC) and Capital Hill Co. to develop a residential and commercial real estate project in KEC, Madinah, through a closed-ended real estate investment fund. The MoU outlines...

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Business & Money | Monday 14 September, 2026 9:44 am

Arabian Drilling signs SAR 2B contract with SLB for 8 land rigs

Arabian Drilling Co. signed a new SAR 2 billion contract with SLB Schlumberger Middle East SA to provide eight additional land rigs for LSTK operations for gas projects. In a statement to Tadawul, the company said the five-year contract will add approximately SAR 2 billion to its...

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Business & Money | Monday 14 September, 2026 9:20 am

Money2020 Middle East Launches RiseUp to Champion Women Shaping the Future of Finance

Money20/20 Middle East, taking place from 14–16 September 2026 at the Riyadh Exhibition & Convention Centre (RECC) in Malham, will launch RiseUp in the Middle East for the first time, bringing Money20/20’s award-winning global programme for women in fintech and financial services to the...

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Business & Money | Sunday 13 September, 2026 8:00 am

Saudi minister seeks stronger AI partnerships

Saudi Minister of Communications Abdullah Al-Swaha held meetings with executives from NVIDIA, Intel, HPE and Kleiner Perkins during his visit to Silicon Valley, the state-run SPA reported. They discussed strengthening the Kingdom’s partnerships in AI, semiconductors, advanced computing and...

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