Business & Money | Sunday 3 May, 2026 8:54 am

MIS inks SAR 190.5M deal with NCM

Al Moammar Information Systems Co. (MIS) signed a contract with the National Center for Meteorology (NCM) for a total amount of SAR 190.52 million, inclusive of value added tax (VAT). In a statement to Tadawul, the company said the contract covers the provision of information technology...

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Business & Money | Tuesday 28 April, 2026 3:04 pm

Crown Prince: Vision 2030 ensures continued progress, prosperity

Crown Prince Mohammed bin Salman affirmed that Saudi Vision 2030 has delivered a qualitative leap in the Kingdom’s development, achieving a comprehensive transformation across economic and social sectors, according to the Saudi Press Agency. He noted that Vision 2030 enters its third and...

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Business & Money | Sunday 26 April, 2026 3:27 pm

Vision 2030: Strong Saudi growth outlook through 2027

Over the past decade, Saudi Arabia experienced a transformation that reshaped its economic structure through comprehensive reforms aimed at diversifying income sources and achieving sustainable growth.This enabled the economy to absorb shocks and reduced the impact of economic cycles on...

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Business & Money | Thursday 23 April, 2026 4:33 pm

Mining, fertilizers to boost non-oil exports growth: AlKhorayef

The mining and fertilizers sectors contributed to the growth of Saudi Arabia’s non-oil exports, Bandar AlKhorayef, Minister of Industry and Mineral Resources, told Al Arabiya TV. AlKhorayef highlighted that fertilizer exports increased from seven million tons to more than 11 million tons,...

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Business & Money | Wednesday 22 April, 2026 11:36 am

PIF, State Street launch Saudi equity ETF

The Public Investment Fund (PIF) and State Street Investment Management (State Street IM) launched State Street Saudi Arabia Enhanced Active Equity UCITS ETF (SAQL). The PIF is an anchor investor in the ETF, which will actively invest in Saudi equities using a quantitative multi-factor stock...

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Business & Money | Monday 20 April, 2026 3:36 pm

Dammam Sports City project worth SAR 1B signed during SIF 2026

A number of agreements were signed on the first day of the Sports Investment Forum 2026 (SIF 2026), including the Dammam Sports City project with a deal between the Sharqia Development Authority (SDA) and Dammam Valley Co. The Dammam project boasts investment of up to SAR 1 billion. The...

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Business & Money | Sunday 19 April, 2026 11:24 am

Acwa, SPPC sign SAR 11.5B PPA for Rabigh 2 power plant expansion

ACWA Power (Acwa) signed a power purchase agreement (PPA) with Saudi Power Procurement Co. (SPPC), valued at SAR 11.5 billion. The deal covers the Rabigh 2 independent power plant expansion, a combined-cycle gas-fired project located in Makkah, with a generation capacity of 2,313.5 megawatts...

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Business & Money | Thursday 16 April, 2026 10:26 am

PIF Governor says no projects canceled in NEOM so far

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), stated that no project within NEOM has been canceled so far, adding that the master developer has been directed to reprioritize its plans. He told Al Arabiya TV that there is a common misconception that The Line represents...

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Business & Money | Wednesday 15 April, 2026 3:08 pm

Crown Prince approves PIF’s 2026-2030 strategy

The Public Investment Fund (PIF), chaired by Crown Prince Mohammed bin Salman, approved its 2026–2030 strategy, according to the Saudi Press Agency. The strategy builds on PIF’s long-term plan, with a focus on developing globally competitive domestic economic ecosystems,...

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Business & Money | Wednesday 15 April, 2026 10:29 am

Saudi Arabia resilient to economic shocks: Al-Jadaan

Saudi Arabia remains capable of managing economic shocks, and maintaining economic stability, Finance Minister Mohammed Al-Jadaan said at a roundtable during the IMF-World Bank Spring Meetings in Washington. The Kingdom continues to implement structural reforms that support economic...

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