Business & Money | Tuesday 11 August, 2026 3:59 pm

Luberef extends Jeddah facility land lease with Aramco to 2030

Saudi Aramco Base Oil Co. (Luberef) said it extended its utilities services agreement, which includes the land lease for its Jeddah facility, with Saudi Aramco until Dec. 31, 2030, with an option to renew. The extension agreement was signed on Aug. 9 and covers the period from July 1, 2026, to ...

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Business & Money | Tuesday 11 August, 2026 12:15 pm

IsDBI Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

Jeddah, Kingdom of Saudi Arabia – The Islamic Development Bank Institute (IsDBI) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System. The patent was granted on 10 July 2026 under Singapore...

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Business & Money | Tuesday 11 August, 2026 11:59 am

Money20/20 Middle East Returns to Riyadh as Global Fintech Leaders Gather to Shape the Future of Finance

Money20/20 Middle East, the region's home for the global money ecosystem, will return to Riyadh from 14–16 September 2026, bringing together regulators, financial institutions, fintech innovators, investors and technology leaders.  Hosted by the Financial Sector Development Program...

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Business & Money | Tuesday 11 August, 2026 11:22 am

IsDB Institute Supports Uzbekistan's Efforts to Develop a National Waqf Ecosystem

Tashkent, Uzbekistan - The Islamic Development Bank Institute (IsDBI), in cooperation with the United Nations Development Programme (UNDP) and the Committee on Religious Affairs of the Republic of Uzbekistan, convened a high-level roundtable to present and discuss the findings and recommendations...

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Business & Money | Tuesday 11 August, 2026 8:13 am

Paperworld Middle East returns for milestone 15th edition as global paper and stationery markets set to exceed US$512 billion

The global paper and stationery industries are forecast to reach USD 294.53 billion and USD 218.12 billion, respectively, by 2030, according to Fortune Business Insights, underlining the continued evolution of one of the world's most essential manufacturing and consumer goods...

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Business & Money | Monday 10 August, 2026 3:40 pm

Riyad Bank: Sukuk Subscription Sees SAR 13.6 Billion Orders; Issuance Upsized to SAR 10 Billion

Riyad Bank announced the successful conclusion of its public offering for the additional tier 1 capital sukuk denominated in Saudi Riyals on August 3, 2026. The offering achieved results exceeding announced targets, reaffirming investor confidence in the Bank's position and financial strength.The...

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Business & Money | Monday 10 August, 2026 3:37 pm

UAE records one of strongest post-pandemic hiring recoveries globally, with early signs of 2026 rebound

The UAE Economic Graph Report 2026, prepared by LinkedIn in partnership with the Ministry of Foreign Trade, has confirmed that the UAE achieved one of the strongest post-pandemic hiring recoveries among leading global markets in 2025 - with early data for June 2026 pointing to a return to positive...

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Business & Money | Monday 10 August, 2026 9:20 am

World Governments Summit, World Travel & Tourism Council launch strategic partnership to advance global dialogue, shape future of travel and tourism

The World Governments Summit Organisation and the World Travel & Tourism Council (WTTC) have launched a strategic partnership aimed at advancing global dialogue on the future of travel and tourism and expanding cooperation between governments and the private sector. The partnership will support ...

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Business & Money | Monday 10 August, 2026 9:04 am

Dubai Mallathon takes off at DXB for first time

Dubai Airports hosted the Dubai Mallathon initiative, launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai Executive Council, at Dubai International (DXB), in line with the leadership’s vision...

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Business & Money | Monday 10 August, 2026 8:55 am

DFSA advances financial competitiveness through proactive regulations, agentic AI

The Dubai Financial Services Authority (DFSA) has introduced a series of regulatory initiatives and technological updates to streamline procedures, expand digital asset regulation, and integrate agentic AI across its operations to bolster the Dubai International Financial Centre (DIFC). Over...

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