Business & Money | Thursday 8 January, 2026 3:34 pm

Opening Saudi market to all foreign investors part of phased reforms: El-Kuwaiz

The Saudi market’s opening to all categories of foreign investors is a key step in a series of phased regulatory measures, said Mohammed El-Kuwaiz, Chairman of the Capital Market Authority (CMA). Commenting on the CMA’s announcement, he noted that the move struck a balance between market...

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Business & Money | Thursday 8 January, 2026 2:46 pm

Riyad Bank completes issuance of $1B T2 capital sustainable notes

Riyad Bank announced the completion of the issuance of USD-denominated, Tier 2 capital sustainable notes, with a total value of $1 billion, under its medium-term note (MTN) program.In a statement on Tadawul, the bank said the settlement of the notes is expected to take place on Jan....

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Business & Money | Thursday 8 January, 2026 2:29 pm

Diriyah signs SAR 3.1B deal for Four Seasons hotel and residences

Diriyah Co. signed today, Jan. 8, a new joint development agreement with Midad Real Estate Co. to build the Four Seasons Hotel and Private Residences Diriyah. The total value of the project is $827 million (SAR 3.1 billion), including land acquisition and construction costs, the company said...

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Business & Money | Thursday 8 January, 2026 1:33 pm

Barq Group and Elroy Air to Establish Chaparral Manufacturing Joint Venture in Abu Dhabi

Barq Group and Elroy Air signed an initial agreement to form a $200 million joint venture for the manufacturing and servicing of autonomous cargo aircraft in the UAE. ABU DHABI, UAE — Barq Group, the leader in smart mobility and logistics solutions in the MENA region, and Elroy Air, the...

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Business & Money | Thursday 8 January, 2026 1:32 pm

SABIC to sell Americas, Europe units; expects SAR 18.3B non-cash loss

In an effort to optimize its portfolio, Saudi Basic Industries Corp. (SABIC) said it is divesting 100% of the shares in SABIC Europe B.V., comprising its European petrochemicals business and assets, to AEQUITA—an established operator in European industrial sector.SABIC’s ownership in SABIC...

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Business & Money | Thursday 8 January, 2026 12:02 pm

Golden Visa Group to bring €250,000-compliant Greek Golden Visa projects to IREX

Golden Visa Group announces its participation at IREX Dubai 2026, inviting GCC investors to explore fully compliant €250,000 Greek Golden Visa projects. Dubai — Golden Visa Group (GVG), a Greece-based real estate developer specializing exclusively in €250,000 Greek Golden Visa-eligible...

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Business & Money | Thursday 8 January, 2026 8:55 am

Sharjah Cooperative Launches the UAE’s First Internal Cooperative Radio to Strengthen Institutional Communication

Sharjah Cooperative has launched its internal radio station, the first cooperative radio of its kind in the United Arab Emirates, during an official ceremony held on Wednesday at Rahmania mall in Sharjah. The launch reflects the Cooperative’s commitment to advancing institutional communication...

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Business & Money | Wednesday 7 January, 2026 2:50 pm

ACWA Power completes acquisition of Engie stake in Az-Zour North power plant

Shamal Az-Zour Al-Oula Power and Water Co. received, on Jan. 6 , a notice indicating that Italy’s Engie has completed the transfer of its stake in Az-Zour North power and water plant to ACWA Power Co., according to a Boursa Kuwait statement. The transaction has no financial impact and does...

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Business & Money | Wednesday 7 January, 2026 2:29 pm

2P renews, upsizes SAR 289M credit facilities with BSF

Perfect Presentation for Commercial Services Co. (2P) increased and renewed a Shariah-compliant credit facility deal worth SAR 289.19 million with Banque Saudi Fransi (BSF) according to a Tadawul statement. The financing is valid till Jan. 6, 2027, said the company, adding that the facility...

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Business & Money | Wednesday 7 January, 2026 2:23 pm

UAE uniquely positioned to fuel UK’s Green Hydrogen growth

The World Future Energy Summit, taking place at ADNEC Centre Abu Dhabi from 13th-15th January and part of Abu Dhabi Sustainability Week hosted by Masdar, is set to highlight the pivotal role of green hydrogen in industrial decarbonisation. Against the backdrop of the UK’s ambition to expand...

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