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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Cars & Autos | Monday 9 November, 2026 2:09 pm

Dubai International Electric Vehicle Exhibition and Conference 2026 Opens Tomorrow with Record International Participation

Under the patronage of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence and Chairman of the Executive Council of Dubai, the Dubai International Electric Vehicle Exhibition and Conference 2026 opens tomorrow at the Dubai World Trade...

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Business & Money | Sunday 8 November, 2026 5:54 pm

Automechanika Riyadh postponed to 21-23 June 2027

Messe Frankfurt Saudi Arabia has announced that Automechanika Riyadh, the country’s leading trade exhibition for the automotive aftermarket, will now take place 21-23 June 2027 at Riyadh Front Exhibition & Conference Center (RFECC). The postponement follows a review of recent...

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Business & Money | Sunday 8 November, 2026 5:53 pm

Saudi Fund for Development Signs Six Development Loan Agreements Worth Over USD 403 Million with Syria

The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth more than USD 403 million with the Syrian Arab Republic, marking a significant step in supporting the country’s recovery through the rehabilitation of essential infrastructure, restoration of vital...

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Business & Money | Sunday 8 November, 2026 5:44 pm

Reportage Saudi Arabia Strengthens Its Presence in Riyadh with SAR 1.1 Billion in Investments

Reportage Saudi Arabia is further strengthening its presence in Riyadh with investments totaling SAR 1.1 billion, as the company continues to expand its residential portfolio, led by Najd 6 and Najd 7 in the Al Arid district of Riyadh, alongside ongoing progress in construction and development...

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Business & Money | Sunday 8 November, 2026 5:40 pm

ADES wins SAR 439.6M contracts for 2 offshore rigs in India

ADES Holding Co. won contracts from Oil and Natural Gas Corporation Limited (ONGC) to operate two standard jack-up offshore rigs (Key Singapore and Admarine 10) in India. In a statement to Tadawul, the company said each rig has a confirmed contract term of three years, with the total value of...

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Business & Money | Sunday 8 November, 2026 5:38 pm

Arabian Drilling raises 2026 capex forecast to SAR 750–800M

Arabian Drilling Co.’s CFO Farid Mustafayev said the company has raised its 2026 capital expenditure forecast to SAR 750–800 million, compared with its previous estimate of SAR 700 million. The increase is mainly intended to support the accelerated commissioning of rigs and their...

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