Business & Money | Sunday 4 January, 2026 11:59 am

Equipment House wins SAR 261M project from HRSD Ministry

Scientific and Medical Equipment House Co. (Equipment House) said it was awarded on Jan. 1, 2026, a project valued at SAR 260.98 million (including VAT) by the Ministry of Human Resources and Social Development (HRSD), according to a statement to Tadawul. The scope of the project includes ...

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Business & Money | Sunday 4 January, 2026 10:00 am

RTA completes 60% of Oud Maitha Road and Al Asayel Street Development Project

Dubai’s Roads and Transport Authority (RTA) announced that 60 percent of Oud Maitha Road and Al Asayel Street Development Project has been completed as part of the Sheikh Rashid Corridor Development Project. The project enhances connectivity between Al Asayel Street and Al Khail Road via Al Wasl...

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Business & Money | Saturday 3 January, 2026 5:45 am

Riyadh Cement signs natural gas conversion contract worth SAR 59.4M

Riyadh Cement Co. signed today, Jan. 1, a contract with Chengdu Design & Research Institute’s branch for the conversion to natural gas under the Liquid Fuel Displacement Program, on an engineering, procurement, and construction (EPC) contract basis.   In a Tadawul statement,...

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Business & Money | Saturday 3 January, 2026 5:33 am

Luberef, Aramco sign MoU to assess base oil plant at Jazan refinery

Saudi Aramco Base Oil Co. (Luberef) said it signed a memorandum of understanding with Saudi Aramcoto explore potential cooperation on developing a base oil production facility at the Jazan Refinery and Petrochemical Complex.   Under the MoU, the parties will assess the feasibility of ...

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Business & Money | Saturday 3 January, 2026 5:28 am

Wafrah says new product lines to start operations in January

Wafrah for Industry and Development Co. said its new spaghetti and nested nidi pasta production lines will start commercial operations in January 2026.   In a statement to Tadawul, the company said the delay in receiving and operating the lines was due to delays in the delivery of...

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Business & Money | Saturday 3 January, 2026 5:26 am

PIF assets rise to $1.

The Public Investment Fund (PIF) ranked fifth among the world’s largest sovereign wealth funds (SWFs), after its net assets amounted to $1.15 trillion, recent data from the SWF Institute showed.   PIF's assets rose by $226 billion from $925 billion by the end of December...

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Government | Saturday 3 January, 2026 5:23 am

Saudi embassy says mutual visa exemption with Russia not yet in force

The Saudi embassy in Russia said the mutual visa exemption agreement between the two countries has not yet entered into force. In a post on X, the embassy said the agreement’s implementation remains subject to the completion of required regulatory procedures between both sides under approved ...

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Business & Money | Saturday 3 January, 2026 5:04 am

Asas Makeen receives SAR 1.65M in idle land tax invoices, plans to appeal

Asas Makeen Development and Investment Co. announced receiving three idle land tax invoices totaling SAR 1.65 million today, Jan. 1, pertaining to land plots located within the designated geographic zones of the White Land Fees System.   These amounts have been recorded as...

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Business & Money | Thursday 1 January, 2026 11:31 am

Tibbiyah inks deal to sell interest in Innovative Healthcare for SAR 52M

Arabian International Healthcare Holding Co. (Tibbiyah) signed, on Dec. 31, 2025, a conditional share purchase agreement to sell its 51% equity interest in Innovative Healthcare Holdings Ltd. for SAR 52 million, implying an equity value of SAR 101.96 million for 100% of the company. In a...

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Government | Thursday 1 January, 2026 11:27 am

Updated law on non-Saudis’ property ownership comes into effect today

The updated law regulating property ownership by non-Saudis in the Kingdom comes into force today, Jan. 1, following approval by the Saudi Cabinet in July 2025. The updated law aims to regulate non-Saudis’ ownership of real estate and the acquisition of real property rights within the...

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