Business & Money | Wednesday 20 May, 2026 11:08 am

FHS Saudi Arabia Pre-event feature: hospitality investment outlook

 Saudi Arabia is set to deliver 358,000 new hotel rooms to meet rising tourism demand and prepare for major upcoming global events, unleashing a wealth of hospitality investment opportunities in the Kingdom. Future Hospitality Summit (FHS) Saudi Arabia, taking place from 22-24 June at...

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Business & Money | Wednesday 20 May, 2026 11:00 am

AI to Add $15.7 Trillion to Global Economy by 2030 — But at a Rising Environmental Cost

Artificial intelligence is rapidly reshaping economies, industries, and everyday life at a pace few technologies have achieved before. It is accelerating medical research, improving access to education, strengthening logistics networks, helping cities predict infrastructure failures, and enabling...

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Business & Money | Monday 18 May, 2026 11:08 am

ZATCA Launches Shipment Tracking Service for Individual Importers

The Zakat, Tax and Customs Authority (ZATCA) announced that the Shipment Tracking service is available to individual importer customers via the ZATCA smart device application, enabling them to track incoming consignments through express transport companies and monitor their customs clearance...

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Tourism & Hospitality | Monday 18 May, 2026 10:39 am

WTM Spotlight Riyadh to accelerate growth of the Kingdom’s rapidly growing MICE industry

 As Saudi Arabia advances its Vision 2030 economic diversification agenda, the Kingdom’s Meetings, Incentives, Conferences and Exhibitions (MICE) industry is emerging as one of the fastest-growing segments within its tourism ecosystem. Against this backdrop, WTM Spotlight Riyadh will serve...

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Business & Money | Monday 18 May, 2026 10:38 am

BCI sells Jeddah land plot for SAR 12.8M

Basic Chemical Industries (BCI) announced additional details on the sale of a land plot in Jeddah for SAR 12.8 million.In a statement on Tadawul, the company said it has received the full proceeds and completed the ownership transfer. The deal was executed with Omar bin Abdulkarim bin Kassem on May ...

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Business & Money | Monday 18 May, 2026 10:04 am

Dar Al Arkan plans USD-denominated sukuk issuance

Dar Al Arkan intends to issue USD-denominated, Shariah-compliant, fixed-rate, senior unsecured sukuk under Regulation S (Reg S), according to a statement to Tadawul. The real estate developer mandated Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Al Rayan Investment, Arqaam...

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Business & Money | Wednesday 13 May, 2026 10:52 am

SATORP Honors Alfanar Engineering Services for Its Contribution to One of the Region’s Largest Preventive Maintenance Projects

Saudi Aramco Total Refining and Petrochemical Company (SATORP) recognized Alfanar Engineering Services with a token of appreciation for its technical and operational contributions to one of the largest preventive maintenance projects in SATORP's history and across the region.  The...

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Business & Money | Tuesday 12 May, 2026 1:08 pm

Royal Commission for AlUla Signs Investment Agreement with National Company for Learning and Education

The Royal Commission for AlUla (RCU) has signed an investment agreement with the National Company for Learning and Education (NCLE) to lease, operate, and develop an educational complex in AlUla through Trbyh Namouthajyah Schools, with the aim of contributing to enhancing the quality of education...

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Business & Money | Tuesday 12 May, 2026 1:06 pm

Saudi EXIM Signs Cooperation Agreement with Alinma Bank

The Saudi Export-Import Bank (Saudi EXIM) signed a cooperation agreement with Alinma Bank to issue bank guarantees that support local SMEs in securing the financing needed to complete and expand their export operations.Under the agreement, Saudi EXIM will allocate a SAR500 million credit facility...

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Business & Money | Tuesday 12 May, 2026 1:05 pm

GCC Secretary-General: GCC and UK Commerce Ministers Commend Progress in Free Trade Agreement Negotiations

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi stated that the commerce ministers of the GCC member states and the United Kingdom have commended the significant progress achieved in the Free Trade Agreement (FTA) negotiations between the two sides. They expressed their...

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