Business & Money | Wednesday 26 November, 2025 8:00 am

Hamdan bin Mohammed, Theyab bin Mohamed bin Zayed attend Emirates Global Aluminium’s 50th anniversary celebrations

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, and H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, have attended a celebration...

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Business & Money | Wednesday 26 November, 2025 8:00 am

Changes to sugar-based excise tax for sweetened drinks to take effect early 2026: Minister

Minister of Industry and Mineral Resources Bander Al-Khorayef revealed that the new tax policy on sugar for beverages will be implemented starting January 1, 2026, noting that the matter was one of the most prominent concerns brought up by industry players in recent periods and has now been...

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Business & Money | Wednesday 26 November, 2025 8:00 am

KSIA project master plan completed: CEO

King Salman International Airport (KSIA) reached a major milestone with the completion of its project master plan, Acting CEO Marco Mejia said. He explained that 45 km² will be dedicated to aviation-related activities and 12 km² to commercial and logistics zones, highlighting that these...

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Business & Money | Wednesday 26 November, 2025 8:00 am

PIF offers 48M shares of Masar to institutional investors

The Public Investment Fund (PIF) launched an accelerated bookbuild offering (ABO) to offload up to 48 million shares (or 3.3%) of TASI-listed Umm Al Qura for Development and Construction Co. (Masar) to institutional investors. Citigroup Saudi Arabia and SNB Capital are acting as...

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Business & Money | Tuesday 25 November, 2025 9:39 am

Riverbed Launches Aternity Cloud Hosted in the Kingdom of Saudi Arabia; Confirms Regional Headquarters in Riyadh

Riverbed, the leader in AIOps for observability, today announced the launch of its Riverbed Aternity® Cloud solution hosted in-country for the Kingdom of Saudi Arabia. With this development, Riverbed becomes the first technology provider in the Kingdom to deliver a SaaS-based Observability...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Al-Khorayef says innovation, not factory count, defines industrial progress

Industrial progress is not measured solely by the number of factories, but by the sector’s ability to achieve industrial inclusiveness, drive innovation and ensure sustainability, Minister of Industry and Mineral Resources Bandar Al-Khorayef said. During his opening speech at the General...

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Business & Money | Tuesday 25 November, 2025 8:00 am

SWA achieves SAR 3.3B financial savings in 2024

The Saudi Water Authority (SWA) reported in 2024 its highest annual financial savings since launching its initiative to reduce desalinated water production costs. By year-end, savings reached SAR 3.3 billion, bringing the cumulative five-year savings to more than SAR 10.9 billion, the...

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Business & Money | Tuesday 25 November, 2025 8:00 am

SAIB sells 44.4%-owned Riyadh land, records SAR 801.1M net proceeds

The Saudi Investment Bank (SAIB) finalized the sale of a 44.4%-owned land plot, located on Khurais Road in Riyadh. The bank’s share of net proceeds, after deducting auction-related costs and expenses, stood at SAR 801.1 million, according to a Tadawul filing. SAIB explained that...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Abyat launches new logistics center in Dammam at over SAR 100M

The Minister of Transport and Logistics Services, and Chairman of the Saudi Ports Authority (MAWANI), Saleh Al-Jasser, inaugurated Abyat’s new regional logistics center at King Abdulaziz Port in Dammam, which spans over an area of more than 110,000 square meters, with an investment value...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Aramco mulls stake sale in oil terminals, real estate assets: Report

Saudi Aramco is considering the sale of a stake in its lucrative oil export and storage terminals as part of broader plans to divest several assets, Bloomberg reported, citing informed sources. Banks have been asked to pitch for roles on feasibility studies for potential disposals that...

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