Business & Money | Monday 15 December, 2025 9:14 am

Red Sea International unit renews SAR 439.6M banking facilities

Red Sea International Co.’s subsidiary, the Fundamental Installation for Electric Work Co. (First Fix), signed two financial facilities agreements with Alinma Bank and Riyad Bank, at a total value of SAR 439.6 million, according to two separate statements to Tadawul. The first...

More Details

Environment & Energy | Monday 15 December, 2025 9:11 am

ACWA Power closes Kuwait, Bahrain assets acquisition

ACWA Power Co. acquired gas-fired power generation assets with a capacity of 4.6 gigawatt (GW), water desalination assets with a capacity of 1.1 million cubic meters per day, and related O&M companies in Bahrain and Kuwait from a subsidiary of Engie SA.   Acquisition completed...

More Details

Business & Money | Sunday 14 December, 2025 7:15 am

Events Investment Fund to develop 20 projects in Riyadh, Jeddah for SAR 8B

Wahdan Al Kadi, CEO of the Events Investment Fund (EIF), said that the fund plans to develop 20 projects in Riyadh and Jeddah at a total value of SAR 8 billion over the next five years.   Speaking to Al-Eqtisadiah on the sidelines of the Development Finance Conference (MOMENTUM) in...

More Details

Business & Money | Sunday 14 December, 2025 7:13 am

HRSD Ministry aims to close the skills gap: Official

Saudi Arabia’s Ministry of Human Resources and Social Development (HRSD) has rolled out national initiatives and programs, in partnership with the private sector, to close the skills gap and better prepare the workforce for future labour market needs, said Abdullah Abuthnain, Vice Minister of...

More Details

Government | Sunday 14 December, 2025 7:07 am

Details of draft Financial Oversight Law

The Saudi Cabinet approved the draft Financial Oversight Law.  Financial oversight refers to the policies, procedures, and mechanisms applied by the ministry to entities through the oversight methods stipulated in the law, without encroaching on the jurisdictions of other oversight...

More Details

Culture & Education | Friday 12 December, 2025 12:49 am

Prince Sultan University hosts Saudi AI and Edge Computing Hackathon 2025

Prince Sultan University has successfully concluded the annual Saudi AI and Edge Computing Hackathon in Riyadh. Held in conjunction with partners NEOM and MemryX, the competition’s pitch format, collaborative ethos and entrepreneurial spirit celebrated the creativity and technical excellence of...

More Details

Business & Money | Thursday 11 December, 2025 10:51 am

The Events Investment Fund Announces Strategic Joint Venture with the World’s Largest Venue Management Operator

The Events Investment Fund (EIF) — launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, under the National Development Fund (NDF) — today announced the formation of a strategic joint venture with Legends Global, the...

More Details

Business & Money | Tuesday 9 December, 2025 1:08 pm

NHC CEO warns of rising land prices

The CEO of National Housing Co. (NHC) Mohammad Albuty said that balanced prices encourage developers to offer higher-quality products. However, rising land prices in Saudi Arabia are hurting everyone, including developers and buyers, he added. Speaking to Fi Al-Soura TV program, Albuty...

More Details

Business & Money | Tuesday 9 December, 2025 1:03 pm

Saudi Arabia, Qatar ink deal to build high-speed electric rail link

Saudi Crown Prince Mohammed bin Salman and Qatar’s Emir Sheikh Tamim bin Hamad Al Thani signed an agreement to implement a high-speed electric passenger railway between Saudi Arabia and Qatar. The rail line will span 785 kilometers (km), linking Riyadh and Doha and passing through key...

More Details

Business & Money | Monday 8 December, 2025 11:29 am

East Pipes signs SAR 485M contract with Saudi Water Authority

East Pipes Integrated Co. for Industry (East Pipes) inked on Dec. 7 a contract with the Saudi Water Authority (SWA) valued at over SAR 485 million, VAT inclusive, according to a statement to Tadawul. Under the six-month contract, the company will undertake both manufacturing and supply of...

More Details