Business & Money | Thursday 12 November, 2026 4:11 pm

Saudi Arabia has 79 GW of renewables under development: Energy Minister

Prince Abdulaziz bin Salman, Minister of Energy and Minister of Industry and Mineral Resources, said Saudi Arabia has approximately 79 gigawatts (GW) of renewable energy projects under development. The Kingdom is targeting carbon capture and storage capacity of 44 million tons per year over...

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Business & Money | Thursday 12 November, 2026 4:09 pm

Future Investment Initiative to be held in October 2027

The Future Investment Initiative (FII) Institute today, Nov. 12, announced that the 10th edition of the Future Investment Initiative (FII10) will take place on Oct. 25–28, 2027, in Riyadh, rescheduled from Oct. 26–29, 2026. Held under the patronage of King Salman bin Abdulaziz, FII10 will...

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Business & Money | Thursday 12 November, 2026 4:06 pm

Saudi Arabia ranks third globally in AI talent growth: SDAIA

The Saudi Data and AI Authority (SDAIA) has released a study on the state of artificial intelligence (AI) in the Kingdom, highlighting the Kingdom's progress in AI across seven areas: policies and regulations, investment, infrastructure, data, talent and human capabilities, research and innovation, ...

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Business & Money | Wednesday 11 November, 2026 3:40 pm

IsDB Group–WAIPA Investment Excellence Awards 2026 Announce Winners

Geneva, Switzerland – The IsDB Group–WAIPA Investment Excellence Awards 2026 concluded today during the 30th World Investment Conference (WIC 2026) in Geneva, Switzerland, recognizing outstanding Investment Promotion Agencies (IPAs) for their contributions to sustainable investment, investment...

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Business & Money | Wednesday 11 November, 2026 12:46 pm

State Street Advances Saudi Arabia Expansion with Appointment of Hamza Khushaim as CEO and Country Head for Saudi Arabia and Bahrain

State Street Corporation (NYSE: STT) today announced the appointment of Hamza Khushaim as CEO and Country Head for Saudi Arabia and Bahrain, reinforcing the firm's commitment to strengthening its local leadership, deepening client relationships and expanding its capabilities across both...

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Business & Money | Tuesday 10 November, 2026 8:00 am

Etisalat money, OGold join forces to bring buying and selling gold and silver into everyday digital finance

Etisalat money, the first digital payment service regulated and licensed by the Central Bank of the UAE, and OGold, the UAE-based Shariah-compliant gold and silver-backed super app, have announced a strategic partnership at the Dubai FinTech Summit 2026, organised by the Dubai International...

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Business & Money | Monday 9 November, 2026 4:38 pm

Madinah airport expansion slated for Oct. 2027 completion: GACA President

The General Authority for Civil Aviation (GACA) President Abdulaziz Al-Duailej said the ongoing expansion project at Madinah Airport would increase its capacity to 18 million passengers upon completion in October 2027. Speaking at the Hajj Conference and Exhibition, Al-Duailej added that the...

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Business & Money | Monday 9 November, 2026 4:35 pm

Agreements signed for SAR 5.66B Wasel Al Haram Project in Makkah

Saudi Arabia’s Transport General Authority (TGA), the executive arm of the Royal Commission for Makkah City and Holy Sites, signed on Nov. 8 agreements for the Wasel Al Haram project, covering parking facilities, stations, and transport corridors in the central area and across Makkah, with a...

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Business & Money | Monday 9 November, 2026 4:19 pm

Infra, HUMAIN sign two financing agreements worth SAR 2.5B

The National Infrastructure Fund (Infra) and HUMAIN signed two financing agreements totaling up to SAR 2.5 billion ($667 million) to support the provision of AI computing capacity and the development of critical energy infrastructure in Saudi Arabia. The first financing facility, dedicated to...

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Business & Money | Monday 9 November, 2026 3:42 pm

Al Wathba Insurance Goes Live with Agentic AI Marking a New Chapter in Its Digital Transformation

Al Wathba Insurance, one of the UAE’s most established national insurers, today announced that agentic AI is live in production across its case management operations - the first milestone in a long-term programme to become an AI-native insurer. The capability is built and governed on MagOneAI,...

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