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

AED 6 billion Al Wadi residential project launched on Yas Island in Abu Dhabi

Cosmo Developments, a joint venture between Abu Dhabi-based Flag Holding Group and Reportage Group, has launched THE WADI, a mixed-use residential development on Yas Island with an estimated investment of AED 6 billion. Cosmo Developments is fully managed and powered by Reportage...

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

Asas Makeen inks SAR 315M contract with Itihad Al-Thabat Contracting

Asas Makeen Real Estate Development and Investment Co. signed a contracting agreement with Itihad Al-Thabat Contracting Co. to execute and complete the contracting, construction, and finishing works required for a number of residential and commercial projects owned and developed by the company in...

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

Saudi Arabia issues 268 industrial licenses in May worth SAR 2.2B

The Ministry of Industry and Mineral Resources issued 268 new industrial licenses in May, with investments estimated at SAR 2.23 billion. These projects are expected to provide more than 2,484 jobs across the Kingdom, according to the National Center for Industrial and Mining Information...

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

Red Sea Global, Sulaiman Al Habib open Red Sea Hospital

Red Sea Global Co. and Dr. Sulaiman Al Habib Medical Services Group opened today, Sept. 17, Red Sea Hospital at The Red Sea destination.According to a Red Sea Global statement, the hospital represents a strategic partnership between the two parties, under which Sulaiman Al Habib will manage and...

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

Riyadh among world’s top 50 cities, jumps 47 places in Global Cities Index

Saudi Arabia’s capital Riyadh jumped 47 places in the global cities ranking to rank 50th worldwide among 1,000 cities across 163 countries, according to 2026 Global Cities Index issued by Oxford Economics. Riyadh Ranking according to 2026 Global Cities...

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

Monshaat unveils 13 initiatives under National Entrepreneurship, SMEs Strategy

The General Authority for Small and Medium Enterprises (Monshaat) unveiled details of the initiatives included in the National Strategy for Entrepreneurship and Small and Medium Enterprises (SMEs), approved by the Council of Ministers, which aims to support the growth and competitiveness of SMEs...

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

Saudi banks issue nearly SAR 31B sukuk in 2026

TASI-listed banks have announced a series of sukuk issuances since early 2026, including Additional Tier 1 (AT1) sukuk, as well as two social sukuk issuances by Al Rajhi Bank (Tier 1 and Tier 2).According to an Argaam study, the value of Saudi riyal-denominated issuances ranged from SAR 1.46...

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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

Maharah affiliate wins SAR 669.7M National Guard contract

Maharah Human Resources Co. stated that Saudi Medical System (SMS) won an award from the Health Affairs Facilities of the Ministry of National Guard, valued at up to SAR 669.65 million, including VAT.SMS is an associate 40%-owned indirectly by Maharah through its wholly owned subsidiary Growth...

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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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