Business & Money | Sunday 6 September, 2026 8:00 am

KAFD Selects IBM Maximo to Support Smart Asset Management and Innovation

 IBM today announced that King Abdullah Financial District (KAFD), Riyadh’s premier business and lifestyle destination, is leveraging IBM Maximo Application Suite to strengthen enterprise asset management across one of the Kingdom’s most ambitious smart city developments, helping enhance...

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Business & Money | Sunday 6 September, 2026 8:00 am

NWC Signs 2 MoUs and Announces 2 Agreements at “LEEP 2026” Conference

The National Water Company (NWC) signed two memoranda of understanding (MoUs) and announced concluding two strategic agreements during the “LEEP 2026” conference, hosted in the capital city of Riyadh from August 31 to September 3, 2026. These partnerships aim to accelerate digital...

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Business & Money | Sunday 6 September, 2026 8:00 am

AMD, Cisco and HUMAIN Expand Saudi Arabia’s AI Infrastructure as AMD Instinct Systems Go Live

 AMD (NASDAQ: AMD), Cisco (NASDAQ: CSCO) and HUMAIN, a PIF company delivering full-stack AI solutions, today announced that AMD Instinct MI355X GPU-based AI infrastructure built on Cisco Silicon One-based AI networking is now live in Saudi Arabia and serving HUMAIN customers in the Kingdom and ...

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Business & Money | Sunday 6 September, 2026 8:00 am

stc group Concludes LEAP 2026 Participation with Strategic Partnerships to Accelerate Saudi Arabia’s Digital Future

STC group, Saudi Arabia's leading digital enabler, concluded another successful year at LEAP 2026, marking its fifth consecutive participation as strategic partner of the world's leading technology gathering with the signing of a series of strategic partnerships and announcements. Olayan...

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Business & Money | Thursday 3 September, 2026 1:51 pm

NWC Concludes a Contract to Rehabilitate, Operate, and Maintain 9 STPs in 4 Regions at SR +1.3 billion

Today, September 1st, 2026, the National Water Company (NWC) signed the tenth package of long-term operation and maintenance contracts (LTOMs) with a Saudi-Chinese consortium for the rehabilitation, operation, and maintenance of 9 environmental treatment plants (STPs) for a period of 15 years in 4...

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Business & Money | Thursday 3 September, 2026 1:48 pm

stc group Powers its Venture Ecosystem with the Launch of colab

stc group launches ‘colab’ as a dedicated innovation and corporate venture building company at LEAP 2026.Riyadh, Saudi Arabia, September 2, 2026: stc group, Saudi Arabia’s leading digital enabler, has announced the launch of colab, its innovation and corporate venture-building arm, at LEAP...

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Business & Money | Thursday 3 September, 2026 1:46 pm

SAIB to sell entire stake in American Express Saudi Arabia for SAR 1.43B

The Saudi Investment Bank (SAIB) has signed an agreement with American Express Middle East to sell its entire 50% stake in American Express Saudi Arabia for SAR 1.43 billion ($381.36 million), in addition to a deferred purchase consideration, in accordance with the shareholders’ agreement between ...

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Business & Money | Thursday 3 September, 2026 1:44 pm

Saudi Ministry of Investment signs deal to localize offshore drilling rig manufacturing

The Ministry of Energy said the Ministry of Investment and Saudi Aramco Rowan Offshore Drilling Co. (ARO) have signed an agreement to support the localization of offshore drilling rig manufacturing in Saudi Arabia. The agreement aims to localize the offshore drilling rig business by...

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Business & Money | Thursday 3 September, 2026 8:06 am

Local and international speakers to headline Saudi Warehousing & Logistics Summit in Riyadh

As Saudi Arabia advances its ambition to become an international logistics hub, Saudi Warehousing & Logistics Summit will bring together industry leaders and practitioners through a dedicated content programme covering strategic priorities, operational challenges and emerging opportunities...

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Business & Money | Thursday 3 September, 2026 7:27 am

Big 5 Construct Saudi spotlights pathway to sustainable future and long-term partnerships for the Kingdom’s construction industry

Big 5 Construct Saudi concludes today at Riyadh Front Exhibition & Conference Center, wrapping up an energetic four days of high-level, strategic industry engagement focused on the future of construction and the evolving needs of the Kingdom’s built environment.  Big 5 Construct...

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