Business & Money | Wednesday 26 November, 2025 8:00 am

Changes to sugar-based excise tax for sweetened drinks to take effect early 2026: Minister

Minister of Industry and Mineral Resources Bander Al-Khorayef revealed that the new tax policy on sugar for beverages will be implemented starting January 1, 2026, noting that the matter was one of the most prominent concerns brought up by industry players in recent periods and has now been...

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Business & Money | Wednesday 26 November, 2025 8:00 am

KSIA project master plan completed: CEO

King Salman International Airport (KSIA) reached a major milestone with the completion of its project master plan, Acting CEO Marco Mejia said. He explained that 45 km² will be dedicated to aviation-related activities and 12 km² to commercial and logistics zones, highlighting that these...

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Business & Money | Wednesday 26 November, 2025 8:00 am

PIF offers 48M shares of Masar to institutional investors

The Public Investment Fund (PIF) launched an accelerated bookbuild offering (ABO) to offload up to 48 million shares (or 3.3%) of TASI-listed Umm Al Qura for Development and Construction Co. (Masar) to institutional investors. Citigroup Saudi Arabia and SNB Capital are acting as...

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Beauty & Style | Wednesday 26 November, 2025 4:51 am

Which Countries Make Getting Married Easy

For many couples, the idea of having a wedding abroad seems like a romantic dream: picturesque landscapes, unique traditions, and the chance to make the day as special as in the movies. But behind the beauty lies a real challenge - the legal registration of the marriage. Documents, visas,...

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Environment & Energy | Tuesday 25 November, 2025 10:58 am

Purunity strengthens sustainability commitment with desert clean-up at Mleiha National Park

Purunity Goodness Ambassadors cleared single-use plastics from the Sharjah Mleiha Desert turning commitment into real impact. Dubai, UAE — Purunity, a UAE-based provider of water and air purification technologies, reinforced its sustainability and community engagement agenda with a desert...

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Business & Money | Tuesday 25 November, 2025 9:39 am

Riverbed Launches Aternity Cloud Hosted in the Kingdom of Saudi Arabia; Confirms Regional Headquarters in Riyadh

Riverbed, the leader in AIOps for observability, today announced the launch of its Riverbed Aternity® Cloud solution hosted in-country for the Kingdom of Saudi Arabia. With this development, Riverbed becomes the first technology provider in the Kingdom to deliver a SaaS-based Observability...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Al-Khorayef says innovation, not factory count, defines industrial progress

Industrial progress is not measured solely by the number of factories, but by the sector’s ability to achieve industrial inclusiveness, drive innovation and ensure sustainability, Minister of Industry and Mineral Resources Bandar Al-Khorayef said. During his opening speech at the General...

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Business & Money | Tuesday 25 November, 2025 8:00 am

SWA achieves SAR 3.3B financial savings in 2024

The Saudi Water Authority (SWA) reported in 2024 its highest annual financial savings since launching its initiative to reduce desalinated water production costs. By year-end, savings reached SAR 3.3 billion, bringing the cumulative five-year savings to more than SAR 10.9 billion, the...

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Business & Money | Tuesday 25 November, 2025 8:00 am

SAIB sells 44.4%-owned Riyadh land, records SAR 801.1M net proceeds

The Saudi Investment Bank (SAIB) finalized the sale of a 44.4%-owned land plot, located on Khurais Road in Riyadh. The bank’s share of net proceeds, after deducting auction-related costs and expenses, stood at SAR 801.1 million, according to a Tadawul filing. SAIB explained that...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Abyat launches new logistics center in Dammam at over SAR 100M

The Minister of Transport and Logistics Services, and Chairman of the Saudi Ports Authority (MAWANI), Saleh Al-Jasser, inaugurated Abyat’s new regional logistics center at King Abdulaziz Port in Dammam, which spans over an area of more than 110,000 square meters, with an investment value...

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