Business & Money | Wednesday 12 November, 2025 1:21 pm

TDF announces SAR 2.9B projects at TOURISE

The Tourism Development Fund (TDF) announced a portfolio of strategic projects and partnerships worth a total of SAR 2.9 billion on the first day of the TOURISE Summit 2025. The Fund unveiled five integrated tourism projects comprising a total of 1,211 hotel keys, including the Jared Aseer,...

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Business & Money | Tuesday 11 November, 2025 8:15 am

Tabby gets SAMA license to offer BNPL services in Saudi Arabia

The Saudi Central Bank (SAMA) granted Tabby a license to provide buy now, pay later (BNPL) services, bringing the total number of licensed financing companies in the Kingdom to 68, according to a statement today, Nov. 10. The license is part of SAMA’s efforts to support the financial sector, ...

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Business & Money | Tuesday 11 November, 2025 8:08 am

Johns Hopkins Aramco Healthcare signs four strategic agreements to advance healthcare excellence in Saudi Arabia

Johns Hopkins Aramco Healthcare (JHAH) signed four landmark Memoranda of Understanding (MoUs) with leading national partners during the Global Health Exhibition 2025, held in Riyadh between October 27 – 30.  The agreements reaffirm JHAH’s commitment to driving innovation, collaboration,...

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Business & Money | Tuesday 11 November, 2025 8:03 am

Lean and the Ministry of Defense Inaugurate the First Phase of the Digital Health Transformation Program with the Launch of the "Sehhatek" Application

 Lean Business Services, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF) and the Kingdom’s leading provider of integrated health and wellbeing solutions, has announced its contribution to the implementation of the first phase of the Ministry of Defense's digital health...

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Business & Money | Sunday 9 November, 2025 11:13 am

Saudi Arabia working on tourism options for mid, high-mid income groups: Minister

Saudi Arabia is working to develop tourism options tailored for middle- and upper-middle-income brackets, Saudi Tourism Minister Ahmed Al-Khateeb told Reuters. The Kingdom also plans to expand hotel accommodation capacity for Hajj and Umrah pilgrims, following years of focus on developing...

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Business & Money | Sunday 9 November, 2025 9:46 am

Retal signs SAR 972M contract with subsidiary to build 901 housing units in Jubail

Retal Urban Development Co. signed, on Nov. 6, a contract with Building Construction Co. (BCC) to develop 901 residential units (villas) for a project owned by Jubail and Yanbu Industrial Cities Services Co. (JABEEN) in Jubail City, at a total value of SAR 972 million, excluding...

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Business & Money | Thursday 6 November, 2025 10:56 am

SAL to kick off construction work in Riyadh project within 60 days: CEO

Omar Hariri, CEO of SAL Saudi Logistics Services Co., said that the company has begun receiving the land for the Falcon City project in northern Riyadh, with infrastructure works set to begin within 60 days. The first phase in the project will be completed by 2027, with the entire project...

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Business & Money | Wednesday 5 November, 2025 4:24 pm

Al Akaria signs SAR 425M contract for Fai Sedra II residential complex

Saudi Real Estate Co. (Al Akaria) signed a 730-day contract with Rezik Abdullah Saeed Algedrawy Al-Thubaiti & Partners Co. Ltd. to develop the Fai Sedra II residential complex project located in the Sedra, Roshn district in Riyadh. The contract is valued at SAR 425 million (excluding...

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Business & Money | Wednesday 5 November, 2025 4:21 pm

How $22 Trillion in Private Capital Can Become a Driver of Development: EDB's Nikolay Podguzov Presented a Solution at FII9 in Riyadh

The Chairman of the Management Board of the Eurasian Development Bank, Nikolai Podguzov, took part in one of the world’s key investment forums — the Future Investment Initiative (FII9) organized by the FII Institute in Riyadh. Mr. Podguzov joined the panel “Can purpose-driven capital...

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Business & Money | Tuesday 4 November, 2025 10:40 am

KEC subsidiary signs 2 SAR 149M contracts for IWD Project phase 1

Knowledge Economic City (KEC) and its subsidiary, Algharraa International Real Estate Development Co., signed two contracts, today Nov. 4, for the first phase of the Islamic World Avenue project (IWD) valued at SAR 149 million. In separate statements to Tadawul, the company said ...

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