Business & Money | Tuesday 16 June, 2026 3:00 pm

Riyadh’s real estate prices more aligned with buyers' capabilities: Al-Hogail

Saudi Arabia’s Minister of Municipalities and Housing, Majed Al-Hogail, said Riyadh is currently witnessing real estate prices that are more aligned with buyers' purchasing power, expressing optimism for an even greater alignment. Speaking to Al Arabiya Business, the minister stated that the ...

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Business & Money | Thursday 11 June, 2026 9:29 am

PIF bids for shares in SpaceX’s IPO: Report

Saudi Arabia’s Public Investment Fund (PIF) and the Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion in SpaceX’s initial public offering (IPO), Bloomberg reported, citing sources familiar with the matter. The $580 billion Qatar Investment...

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Government | Thursday 11 June, 2026 9:27 am

Crown Prince directs resumption of Lebanese exports to Saudi Arabia

Crown Prince and Prime Minister Mohammed bin Salman directed the resumption of Lebanese exports to the Kingdom, in response to a request from Lebanese President Joseph Aoun.   This comes in light of the positive steps taken by the Lebanese government toward rebuilding state...

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Technology & IT | Thursday 11 June, 2026 9:13 am

Qualcomm, Aramco, Saudi Arabia’s Research, Development and Innovation Authority, and HUMAIN, Announce Startups Selected for Design in Saudi Arabia with AI 2026

Qualcomm (through its subsidiary Qualcomm Technologies International, Ltd.), Aramco (through aramcoSAIL - Saudi Accelerated Innovation Lab), Saudi Arabia’s Research, Development and Innovation Authority, and HUMAIN today announced the startups selected for the 2026 edition of the Design in Saudi...

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Business & Money | Wednesday 10 June, 2026 7:52 am

Saudi Arabia, Türkiye Sign Two MoUs to Enhance Logistics and Railway Cooperation

Minister of Transport and Logistic Services Saleh Al-Jasser held talks today at the ministry's headquarters in Riyadh with Türkiye's Minister of Transport and Infrastructure Abdulkadir Uraloğlu, who is visiting the Kingdom at the head of a high-level delegation.Following the meeting, the Kingdom...

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Business & Money | Wednesday 10 June, 2026 7:48 am

Alkhorayef explores refining, manufacturing cooperation in Kazakhstan

Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Alkhorayef, said he discussed opportunities for cooperation in refining and manufacturing during his visit to Kazakhstan, aiming to strengthen the Kingdom's position in the global precious metals sector. In a post on X,...

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Business & Money | Wednesday 10 June, 2026 7:40 am

Saudi Arabia, Turkey sign MoUs on logistics, rail connectivity

Saudi Arabia and Turkey signed two memoranda of understanding (MoUs) on Tuesday covering logistics services and railway connectivity. Speaking on the sidelines of his meeting with his Turkish counterpart, Saudi Minister of Transport Saleh Al-Jasser said the two sides discussed ways to...

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Business & Money | Wednesday 10 June, 2026 7:36 am

24 companies, consortia qualify to compete for exploration licenses in 3 mineralized belts: MIMR

The Ministry of Industry and Mineral Resources (MIMR) said 24 local and international companies and consortia have qualified to compete for exploration licenses across three mineralized belts.   This follows the completion of technical and financial evaluation and review processes,...

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Business & Money | Tuesday 9 June, 2026 9:30 am

Mawani signs SAR 2B Jubail container terminal concession

The Saudi Ports Authority (Mawani) signed on Monday a concession agreement with Saudi Global Ports (SGP) for the operation of the container terminal at Jubail Commercial Port, involving investments exceeding SAR 2 billion. According to a statement issued by Mawani, the project aims to increase ...

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Business & Money | Tuesday 9 June, 2026 9:27 am

Dammam Airports signs contracts worth over SAR 1.2B

Dammam Airports Co. signed agreements worth more than SAR 1.2 billion on June 8, as part of a broader package of transportation-sector deals exceeding SAR 3 billion. The contracts were signed in the presence of Eastern Province Governor Prince Saud bin Nayef. The airport-related...

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