Business & Money | Monday 18 May, 2026 11:03 am

Real Estate General Authority Showcases Saudi Real Estate Regulation at WUF13

The Real Estate General Authority is taking part in the 13th World Urban Forum (WUF13), organized by the United Nations Human Settlements Programme (UN-Habitat) in Baku, the Republic of Azerbaijan, from May 17 to 22, 2026, under the theme “Housing the world: Safe and resilient cities and...

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Business & Money | Monday 18 May, 2026 10:13 am

Taiba signs SAR 2.4M agreement to develop, operate 3 hotels in Madinah

Taiba Investments Co. signed final partnership agreement on May 17 with Osool Integrated Real Estate Co. to establish a special purpose vehicle (SPV) with a total investment size of SAR 2.4 billion.Taiba will contribute SAR 300 million to the SPV, which is set to implement the development...

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Business & Money | Monday 18 May, 2026 9:03 am

Saudi Ports Authority Exports 20,000 Tons of Urea to Bangladesh

The Saudi Ports Authority (Mawani) announced today the departure of a new export shipment totaling 20,000 tons of urea products from Yanbu Commercial Port to Bangladesh aboard the vessel COURTESY K as part of the authority’s efforts to support national exports and enhance the efficiency of the...

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Business & Money | Thursday 14 May, 2026 4:05 pm

Energy Ministry launches bidding qualification for CNG projects

The Ministry of Energy announced the start of the qualification phase for bidders seeking to participate in compressed natural gas (CNG) distribution projects, including ownership and operation projects in Riyadh and the Eastern Province. According to the Saudi Press Agency (SPA), the ministry ...

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Business & Money | Tuesday 12 May, 2026 12:56 pm

Municipalities Minister: Saudi Arabia to Showcase Sustainable Urban Success at World Urban Forum

Minister of Municipalities and Housing Majed Al-Hogail, leading the Kingdom’s delegation at the 13th World Urban Forum in Baku, Azerbaijan, revealed that Saudi Arabia will showcase its pioneering experience in sustainable urban development, highlighting qualitative transformations in housing,...

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Business & Money | Tuesday 12 May, 2026 12:42 pm

Al Akaria awards first package of Porta Jeddah project at SAR 463.1M

Saudi Real Estate Co. (Al Akaria) awarded, on May 11, the first package of the Porta Jeddah project in Jeddah to Mounes Mohamed Alshayeb for Civil Construction (MOBCO) at SAR 463.13 million, excluding VAT. The company said in a Tadawul filing that the first package includes execution of the...

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Business & Money | Tuesday 12 May, 2026 12:33 pm

Saudi Arabia's Industrial Sector Records 188 New Licenses in March 2026

The Ministry of Industry and Mineral Resources issued 188 new industrial licenses during March 2026, while 78 factories commenced production in the same month, according to the ministry's National Center for Industrial and Mining Information.The new licenses represent investments exceeding SAR1.81...

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Business & Money | Tuesday 12 May, 2026 12:03 pm

Riyadh Air Launches Program to Empower Saudi Aviation Talent

Riyadh Air has launched the “NAWAT Cabin Crew Program” to develop national talent in the aviation sector, supporting its vision to connect the Kingdom to more than 100 global destinations by 2030.The program aims to attract and train thousands of Saudis as the airline expands its operations,...

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Business & Money | Monday 11 May, 2026 10:36 am

Retal signs SAR 3.1B Oman housing development deal

Retal Urban Development Co. said it signed a development agreement on May 10 with Oman’s Ministry of Housing and Urban Planning for a project valued at SAR 3.1 billion (OMR 320 million), according to a statement to Tadawul. Under the agreement, Retal will serve as the lead developer for an...

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Business & Money | Monday 11 May, 2026 10:21 am

flynas delivers net profit of ¥ 118 million, ¥ 2.0 billion revenue up 10% YoY in 1Q 2026

flynas (Tadawul: 4264, “the company”), a leading low-cost carrier (“LCC”) in the Middle East and North Africa (“MENA”) region, today announces its financial and operational results for the first quarter ended March 2026. flynas delivered a solid operational and financial...

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