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

S&P affirms Saudi Arabia’s A+ rating with stable outlook

S&P Global Ratings affirmed Saudi Arabia’s long-term sovereign credit rating at 'A+', with a stable outlook. The agency said the affirmation reflects the Kingdom’s ability to withstand pressures stemming from geopolitical tensions in the Middle East, supported by diversified energy...

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Business & Money | Thursday 10 September, 2026 8:00 am

PIF plans to meet Wall Street heavyweights to explore investment opportunities: Report

Saudi Arabia’s Public Investment Fund (PIF) is set to meet some of Wall Street’s heavyweights in New York this week as it seeks foreign backing for its spending plans amid cash constraints at home, SEMAFOR website reported. The sovereign wealth fund’s senior management — along with...

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Business & Money | Monday 7 September, 2026 8:00 am

MCIT and Snap launch a strategic partnership to empower over 20,000 national talents with digital skills by 2030.

The Ministry of Communications and Information Technology (MCIT) and Snap Inc. have signed a strategic partnership  on the sidelines of the LEAP 2026, underscoring Saudi Arabia's commitment to building a global digital economy and enhancing the readiness of national talents for the jobs of...

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Business & Money | Monday 7 September, 2026 8:00 am

Saudi Arabia's PayTabs Group Acquires Amazon Payments MENA for $100 Million+

 Saudi Arabia's PayTabs Group and Amazon Payment Services have agreed to a transaction that would transfer Amazon's Middle East and North Africa payments operations to PayTabs — a deal that would significantly consolidate the region's fragmented payments landscape. PayTabs has spent...

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Business & Money | Monday 7 September, 2026 8:00 am

Energy Ministry, MODON sign MoU to establish natural gas compression plant in Dammam

The Ministry of Energy signed a memorandum of understanding (MoU) with the Saudi Authority for Industrial Cities and Technology Zones (MODON) on Sept. 6 to establish a natural gas compression and tanker distribution plant at the Third Industrial City in Dammam. The ministry was represented by...

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