Business & Money | Friday 13 February, 2026 9:17 am

Saudi Arabia issues 61 mining licenses worth SAR 44B in 2025

Jarrah bin Aljarrah, official spokesperson for the Ministry of Industry and Mineral Resources, stated that the number of mining and small mine exploitation licenses issued in 2025 reached 61, compared to 19 licenses in the previous year, a growth of 220%. Total investments in the new licensed...

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Business & Money | Thursday 12 February, 2026 2:46 pm

Saudi Subsidiary of 3D Factory Korea Receives Guinness World Records Pre-Approval for World’s Highest Mountain Media Facade

Ruyah Faidah (Vision Plus), the Saudi Arabian subsidiary of the global tech leader 3D Factory Korea, has officially announced its pre-approval from Guinness World Records for the "World’s Highest Mountain Media Façade." Perched at a breathtaking altitude of 1,738 meters atop Al-Hada Mountain,...

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Business & Money | Wednesday 11 February, 2026 11:45 am

Zain KSA Achieves Highest-ever Revenue of SAR 11 Bn in 2025 Net Profit Amounts to SAR 604 Mn

Zain KSA, leading digital services provider in Saudi Arabia, announced its financial results for the fiscal year 2025, reporting record revenue of SAR 11 billion, a 6% year-on-year growth compared to SAR 10.4 billion in 2024.  Net profit for the year reached SAR 604 million, up from SAR...

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Business & Money | Wednesday 11 February, 2026 9:14 am

GE Aerospace signs Industrial Participation agreement and manufacturing MoU with Saudi Arabia’s General Authority for Military Industries (GAMI)

GE Aerospace (NYSE: GE) and Saudi Arabia’s General Authority for Military Industries (GAMI) have signed an Industrial Participation Agreement to enhance F110 repair capabilities and strengthen maintenance, repair and overhaul (MRO) skills by utilizing specialized equipment with advanced training. ...

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Business & Money | Wednesday 11 February, 2026 8:32 am

MASARAT Mobility Park Announced Agreements with TASARU Supplier Hub to Advance Automotive Manufacturing Localization

MASARAT Mobility Park, Saudi Arabia’s premier destination for automotive and mobility industries, has entered into development lease agreements with TASARU Supplier Hub, a strategic initiative by TASARU Mobility Investments (a PIF company) This partnership underpins long-term industrial...

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Business & Money | Tuesday 10 February, 2026 7:00 am

ROSHN, Agility sign agreement to develop logistics park in Saudi Arabia

ROSHN Group, a PIF-owned company, announced the signing of heads of terms to establish a joint venture with Agility Logistics Parks to develop a large-scale Grade A integrated logistics hub in Saudi Arabia. The planned joint venture aims to develop an integrated project spanning between 1 and...

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Business & Money | Tuesday 10 February, 2026 7:00 am

Saudi keen not to hike property prices for citizens: Al-Hogail

Saudi Arabia has set a plan to attract SAR 150 billion in mortgage refinancing by 2030, aiming to draw high-quality capital and ensure the continuity of the financing cycle without disruption, Minister of Municipalities and Housing, Majed Al-Hogail, said. Speaking to media on the...

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Business & Money | Tuesday 10 February, 2026 6:00 am

Transport sector sees SAR 250B investments since 2021: Al-Jasser

Saudi Arabia’s Minister of Transport and Logistics Saleh Al-Jasser stated that investments in the sector have exceeded SAR 250 billion since the launch of the National Transport and Logistics Strategy in mid-2021. This includes multiple investments in partnership with the private sector,...

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Business & Money | Sunday 8 February, 2026 2:41 pm

Al-Jadaan says macroeconomic stability underpins growth

Finance Minister Mohammed Al-Jadaan stated that the Kingdom’s experience over the past decade has yielded three key lessons. Firstly, macroeconomic stability is the driver of growth rather than a barrier, while a credible fiscal framework, well-defined medium-term fundamentals, and...

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Business & Money | Sunday 8 February, 2026 2:25 pm

stc wins SAR 3B project from Syrian Sovereign Fund

Saudi telecom operator stc was awarded a project by the Syrian Sovereign Fund to implement the “Silklink” telecommunication infrastructure project in Syria for SAR 3 billion, according to a statement to Tadawul. The Silklink project aims to enhance the telecommunications industry...

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