Business & Money | Thursday 24 September, 2026 8:06 am

ADIO strengthens Abu Dhabi competitiveness through Al Ain investment push

Hashem AlKaabi, Head of ADIO’s Al Ain Office, said Abu Dhabi Investment Office (ADIO) continues to attract foreign direct investment to the emirate, with a growing focus on directing investment towards Al Ain and its competitive and logistical advantages. AlKaabi said the Abu Dhabi...

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Business & Money | Thursday 24 September, 2026 8:02 am

UAE–Africa: Building a shared future through partnership and investment

The United Nations General Assembly (UNGA) is an important international gathering, providing an opportunity for nations to strengthen cooperation on shared priorities. The test for leaders in New York is whether that cooperation can deliver tangible results. For Africa and its partners, the...

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Business & Money | Thursday 24 September, 2026 8:00 am

Saudi Arabia advances to 13th rank in World Competitiveness Yearbook

Saudi Arabia achieved advanced global rankings in indicators related to the Ministry of Commerce in the 2026 IMD World Competitiveness Yearbook, rising to 13th globally out of 70 countries in the overall ranking. According to a ministry statement, Saudi Arabia ranked third among G20 countries, ...

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Business & Money | Thursday 24 September, 2026 8:00 am

King Salman approves King Abdulaziz mosque north of Riyadh

King Salman bin Abdulaziz ordered that a mosque to be built north of Riyadh be named after King Abdulaziz, following a proposal by Crown Prince and Prime Minister Mohammed bin Salman. He also ordered that an 88,000-square-meter plot along King Abdulaziz Road be allocated for the mosque’s...

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Business & Money | Thursday 24 September, 2026 7:30 am

Aramco plans new gas unit, potential listing

Saudi Aramco is planning to reorganize its business to create a new gas division, Reuters reported, citing sources familiar with the matter, as the oil giant explores ways to raise capital, including potential stock market listings of some of its businesses. The restructuring would expand...

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Business & Money | Wednesday 23 September, 2026 12:26 pm

SCA awards 13 construction projects in August worth SAR 4.9B

The Saudi Contractors Authority (SCA) issued its monthly report on the Kingdom’s contracting sector for August 2026, providing contractors and investors with information on key developments in sector projects. According to the report, 13 construction projects were awarded in August, with a...

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Business & Money | Wednesday 23 September, 2026 12:21 pm

SAR signs contracts to manufacture, supply locomotives, freight cars

Saudi Arabia Railways (SAR) signed two contracts to manufacture and supply locomotives and freight cars in support of the Phosphate 3 expansion project, with Greenbrier and Progress Rail during the first day of InnoTrans, International Trade Fair for Transport Technology, in Berlin. SAR said...

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Business & Money | Wednesday 23 September, 2026 11:50 am

Saudi Arabia’s key developments since launch of Vision 2030

Saudi Arabia celebrates its National Day today, Sept. 23 each year, marking the unification and founding of the Kingdom on Sept. 23, 1932, under the leadership of its founder, King Abdulaziz bin Abdulrahman Al Saud. King Abdulaziz bin Abdulrahman Al Saud Reign: Sept. 23, 1932 – Nov. 9,...

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Business & Money | Tuesday 22 September, 2026 5:23 pm

Umm Al Qura for Development and Construction announces early execution of land reservation, sale deal with Numu, with SAR 700M investments to develop serviced apartment tower at Masar Destination

Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar Destination, has signed an agreement with Numu to develop a serviced apartment tower in the central district of Masar destination. The project will feature approximately 460 hospitality units and is...

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Business & Money | Tuesday 22 September, 2026 9:56 am

Alfanar Engineering Services Hosts a Technical Workshop in The Eastern Region to exchange the knowledge and experience on critical asset management with its clients

AlfanarEngineering Services hosted technical workshop in the Eastern Region, bringing together engineers and experts of their clients to exchange knowledge and experience on maintenance of critical assets.The workshop featured a series of specialized sessions delivered by experts from Alfanar...

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