Business & Money | Tuesday 9 June, 2026 9:26 am

ADF approves SAR 6.5B loans in 2025

Munir Al-Sahli, CEO of the Agricultural Development Fund (ADF), said the fund approved loans worth SAR 6.5 billion in 2025, up 5.8% from the previous year, while loan disbursements totaled SAR 3.5 billion. In the fund’s 2025 annual report, Al-Sahli said financing covered a wide range of...

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Business & Money | Tuesday 9 June, 2026 9:24 am

Eastern Province launches SAR 406M road projects

Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, inaugurated on Monday six key road projects in the region, with a total cost of SAR 406 million, in the presence of Minister of Transport Saleh Al-Jasser.  The projects include the installation of a metal barrier along ...

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Business & Money | Tuesday 9 June, 2026 9:09 am

Al Arabia inks SAR 336.5M advertising services contract

Arabian Contracting Services Co. (Al Arabia) signed a contract with Wave Media Co. to provide non-exclusive advertising services, with an average annual value of SAR 336.56 million, excluding VAT.In a statement to Tadawul, the company said the contract was signed on June 8, for a duration of three...

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Environment & Energy | Sunday 7 June, 2026 8:58 am

Saudi Arabia to remain reliable energy supplier under all circumstances: Energy Minister

Saudi Minister of Energy Prince Abdulaziz bin Salman said that the Kingdom will remain a reliable energy supplier under all circumstances, adding that current geopolitical conditions have proven this.“We did not hope to go through these circumstances, but in fact they have given us the...

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Business & Money | Sunday 7 June, 2026 8:50 am

Saudi Arabia seeks deeper Russia ties in critical minerals: Minister

Saudi Arabia is looking to expand cooperation and joint investment with Russia in the rare earths and critical minerals sector, said Bandar Alkhorayef, Minister of Industry and Mineral Resources.He added that this aims to support the two countries' shared interests and help build more resilient and ...

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Business & Money | Sunday 7 June, 2026 8:43 am

Saudi Cabinet sets 5-year deadline to file insurance claims from due date

Saudi Arabia's Cabinet approved new rules governing insurance dispute resolution committees, introducing a five-year limitation period for insurance claims.Under the rules, claims filed more than five years after the amount becomes due will generally not be heard, unless a valid excuse for the...

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Business & Money | Wednesday 3 June, 2026 8:00 am

RCRC launches flexible working hours initiative

The Royal Commission for Riyadh City (RCRC), in cooperation with the Ministry of Human Resources, launched a flexible working hours initiative aimed at improving traffic flow and enhancing the efficiency of daily commuting in Riyadh. The initiative will introduce a four-hour flexible work...

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Business & Money | Monday 1 June, 2026 8:00 am

RCMC awards SAR 13.3B urban development projects

The Royal Commission for Makkah City and Holy Sites (RCMC) awarded six urban development sites in Makkah, covering a total area of more than 2.7 million square meters (sqm), with a combined value of SAR 13.3 billion. In a statement published on X, the commission said the projects are part of a ...

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Business & Money | Thursday 28 May, 2026 7:39 am

Saudi Aramco transfers PRefChem ownership to PETRONAS

Saudi Aramco and Petroliam Nasional Berhad (PETRONAS) today signed an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. Bhd. (collectively, “PRefChem”), located within the Pengerang Integrated Complex,...

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Business & Money | Thursday 28 May, 2026 7:34 am

1.7M pilgrims perform Hajj in 2026: GASTAT

The total number of pilgrims performing Hajj this year reached 1.71 million.According to the General Authority for Statistics (GASTAT), 1.5 million pilgrims arrived from outside the Kingdom, while the number of domestic pilgrims, including Saudi citizens and residents, stood at 160,650.Male...

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