Business & Money | Thursday 16 April, 2026 10:26 am

PIF Governor says no projects canceled in NEOM so far

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), stated that no project within NEOM has been canceled so far, adding that the master developer has been directed to reprioritize its plans. He told Al Arabiya TV that there is a common misconception that The Line represents...

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Business & Money | Thursday 16 April, 2026 10:18 am

NWC completes a water network project in Al-Hajrah, Al-Baha, to serve 3,500 people

The National Water Company (NWC) announced the completion of the first phase of the water networks project in Al-Hajrah governate, Al-Baha region. The project cost is nearly 4 million Saudi Riyals. This project is part of the company’s ongoing efforts to strengthen water sector infrastructure and ...

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Technology & IT | Wednesday 15 April, 2026 5:30 pm

Nutanix To Extend Nutanix Agentic AI, Empowering Neoclouds to Deliver Higher Value AI Services

Riyadh, KSA, 15th April, 2026 – Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced it will introduce new capabilities in the second half of 2026 for its Nutanix Agentic AI solution that are designed to help a new generation of AI cloud providers, known as...

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Business & Money | Wednesday 15 April, 2026 3:08 pm

Crown Prince approves PIF’s 2026-2030 strategy

The Public Investment Fund (PIF), chaired by Crown Prince Mohammed bin Salman, approved its 2026–2030 strategy, according to the Saudi Press Agency. The strategy builds on PIF’s long-term plan, with a focus on developing globally competitive domestic economic ecosystems,...

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Business & Money | Wednesday 15 April, 2026 10:45 am

SHUAA Capital, Gate Capital to launch Saudi fuel retail platform

SHUAA Capital said its wholly owned unit, SHUAA Capital Saudi Arabia, has signed a memorandum of understanding with Gate Capital to launch an alternative investment fund aimed at consolidating the fuel retail sector in Saudi Arabia. The Dubai-listed firm said the partnership seeks to ...

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Business & Money | Wednesday 15 April, 2026 10:31 am

Saudi Arabia ranks 1st globally in 2025 Digital Readiness Index

Saudi Arabia has ranked first globally in the 2025 Digital Readiness Index issued by the International Telecommunication Union (ITU), after scoring 94 out of 100 within the “very high” category. This marks an advancement to first place worldwide, compared to 90 points and fourth place globally...

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Business & Money | Wednesday 15 April, 2026 10:29 am

Saudi Arabia resilient to economic shocks: Al-Jadaan

Saudi Arabia remains capable of managing economic shocks, and maintaining economic stability, Finance Minister Mohammed Al-Jadaan said at a roundtable during the IMF-World Bank Spring Meetings in Washington. The Kingdom continues to implement structural reforms that support economic...

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Business & Money | Wednesday 15 April, 2026 10:26 am

Saudi Energy acquires stake in Kraken Tech, forms joint venture in Riyadh

Saudi Energy Co. signed a definitive agreement to establish a strategic partnership with Kraken Technologies Ltd., a global company specializing in AI-powered digital operations solutions for the utilities sector. The deal includes the creation of a joint venture based in Riyadh, as well as...

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Business & Money | Wednesday 15 April, 2026 10:21 am

‘Dubai Corporation for Consumer Protection’ signs agreement with ENOC’s AutoPro

The Dubai Corporation for Consumer Protection and Fair Trade (DCCPFT), part of the Dubai Department of Economy and Tourism (DET), has signed a strategic collaboration agreement with AutoPro, part of the Emirates National Oil Company (ENOC) Group, to enhance service quality, transparency, and...

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Business & Money | Wednesday 15 April, 2026 10:19 am

Aldar launches 1st phase of Yas Park Place in Yas Island

Aldar on Tuesday announced the launch of the first phase of Yas Park Place, a new residential community in the heart of Yas Island that introduces a distinctive garden-led living concept designed to bring a sense of wonder to everyday life in one of the UAE’s most enchanting...

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