Business & Money | Thursday 19 March, 2026 9:20 am

Industry Minister says private sector key to tackling challenges

Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, said the leadership is committed to supporting and empowering the private sector as a key partner in economic development. This also aims to address challenges to ensure business...

More Details

Business & Money | Thursday 12 March, 2026 4:07 pm

SIIG signs agreements with Shareek, Investment Ministry to enable bio-protein production

Under the patronage of the Ministry of Energy, Saudi Industrial Investment Group (SIIG) signed an agreement to join project enablement programs with the Shareek Program, which promotes partnerships with the private sector. It also signed an agreement with the Ministry of Investment to enable...

More Details

Business & Money | Tuesday 10 March, 2026 5:56 pm

Aramco ops flexible to handle disruption; demand to grow in 2026: CEO

Saudi Aramco President and CEO Amin Nasser said the oil giant has significant operational resilience and advanced contingency plans that enable addressing any potential disruption and ensure reliable supplies to its customers in spite of geopolitical developments.Commenting on Aramco's latest...

More Details

Business & Money | Tuesday 10 March, 2026 5:51 pm

King Salman Park awards residential-focused project to Retal-led alliance

King Salman Park Foundation awarded the fourth package of its investment program to a consortium led by Retal Urban Development Co. to develop a mixed-use project with a residential focus in the heart of the park’s cultural district, as part of the foundation’s broader real estate investment...

More Details

Business & Money | Sunday 1 March, 2026 9:11 am

Saudi Electricity rebrands to Saudi Energy

Saudi Electricity Co. completed regulatory requirements and procedures for changing the company’s name to Saudi Energy Co., following shareholders’ approval during the extraordinary general meeting (EGM) held Feb. 25, 2026. The new identity implies the company’s expanding strategic...

More Details

Business & Money | Sunday 1 March, 2026 8:44 am

Amiantit signs MoU with Syrian Ministry of Energy

Saudi Arabian Amiantit Co. announced the signing of a memorandum of understanding (MoU) with the Syrian Ministry of Energy – Water Resources aimed at supporting the Syrian government’s plans to develop water and wastewater infrastructure and update key facilities related to treatment,...

More Details

Business & Money | Sunday 1 March, 2026 8:38 am

2P wins SAR 185.25M contract with KAMC

Perfect Presentation for Commercial Services Co. (2P) said it won on Feb. 26 a managed services contract for IT and telecommunications operations and maintenance at King Abdullah Medical City (KAMC), with a total value of SAR 185.25 million, including VAT. In a statement to Tadawul, the...

More Details

Business & Money | Thursday 26 February, 2026 1:10 pm

Saudi economy highly resilient amid global headwinds: CEDA

The Council of Economic and Development Affairs (CEDA) affirmed, during a virtual meeting, the high resilience of Saudi Arabia’s economy despite global headwinds. CEDA noted that various economic statistics and indicators point to robust growth, reinforcing the Kingdom’s position among the ...

More Details

Business & Money | Thursday 26 February, 2026 1:07 pm

HRSD Ministry amends Labor Law's violations, penalties table

Minister of Human Resources and Social Development Ahmed Al-Rajhi issued a decision to amend the table of violations and penalties for the Labor Law and its executive regulations, effective immediately. The decision comes as part of the ministry's ongoing efforts to develop the work...

More Details

Business & Money | Thursday 26 February, 2026 1:03 pm

PIF investments create over 1M jobs since 2018

Saudi Arabia’s Public Investment Fund (PIF) said it has supported employment creation across the kingdom, generating more than one million new jobs, directly and indirectly, through its investments since 2018. In a post on X, PIF said it accounted for 13% of total new jobs created in...

More Details