Business & Money | Friday 26 December, 2025 12:00 am

Social Development Bank Concludes the Second Edition of DeveGO25 Forum with 25,000 Participants

The Social Development Bank (SDB) concluded the second edition of the Entrepreneurship and Modern Business Practices Forum, “DeveGo 2025”, announcing the achievement of high-impact outcomes that further reinforced the forum’s position as the largest national platform in the region...

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Business & Money | Thursday 25 December, 2025 9:06 am

Alinma Retail REIT changes property manager for some assets

Alinma Retail REIT Fund will not renew the property management contract with Retail Real Estate Co. that is set to expire on Jan. 6, 2026, fund manager Alinma Capital said in a statement to Tadawul. Top Place Co. is taking over property management duties for Almakkan Mall (Hafar...

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Business & Money | Thursday 25 December, 2025 9:05 am

CGS clinches SAR 166M deal with SANAD

Consolidated Grunenfelder Saady Holding Co. (CGS) said it signed a customized solutions project contract with Saudi Aramco Nabors Drilling Co. (SANAD) on Dec. 17, valued at SAR 166.03 million, excluding VAT, according to a statement to Tadawul. The project includes the sale and...

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Business & Money | Thursday 25 December, 2025 8:01 am

Balsm Alofoq wins SAR 71.8M project with RCJY

Balsm Alofoq Medical Co. received a letter of award for the operation and maintenance of primary healthcare services, Ras Al-Khair Program in Jubail Industrial City, in partnership with the Royal Commission for Jubail and Yanbu (RCJY) for a total of SAR 71.8 million. In a statement to Tadawul, ...

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Business & Money | Wednesday 24 December, 2025 9:52 am

Social Development Bank Signs 51 Agreements at DeveGO25 Forum

The Social Development Bank (SDB) announced the signing of 51 agreements covering the establishment of financing portfolios, as well as local and international cooperation partnerships on the sidelines of the "Entrepreneurship and Modern Business Practices Forum, ‘DeveGO25’. This milestone...

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Business & Money | Wednesday 24 December, 2025 9:06 am

MIS wins project with HUMAIN worth over 155% of 2024 revenues

Al Moammar Information Systems Co. (MIS) secured today, Dec. 23, a project to design and build a private data center dedicated to artificial intelligence (AI) technologies with HUMAIN Co. The project’s value exceeds 155% of MIS’ total revenues for 2024, including value-added tax (VAT),...

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Environment & Energy | Wednesday 24 December, 2025 7:08 am

US crude inventories add 2.4M barrels: API

The American Petroleum Institute (API) said early today, Dec. 24, that US crude oil inventories increased by 2.39 million barrels in the week ended Dec. 19. The data showed that gasoline inventories also rose by 1.1 million barrels last week, while distillate stocks added 685,000...

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Business & Money | Tuesday 23 December, 2025 4:02 pm

Aljazira Bank Launches Its New Brand Identity Under the Slogan “Wealth Grows Here”

Aljazira Bank announced the launch of its new brand identity under the slogan “Wealth Grows Here,” marking a natural evolution in a growth journey spanning more than five decades. Over the years, successive phases of transformation have shaped the Bank into what it is today, with the new...

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Technology & IT | Tuesday 23 December, 2025 1:06 pm

Kaspersky shares AI cybersecurity predictions for 2026

Kaspersky experts outline how the rapid development of AI is reshaping the cybersecurity landscape in 2026, both for individual users and for businesses. Large language models (LLMs) are influencing defensive capabilities while simultaneously expanding opportunities for threat...

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Business & Money | Monday 22 December, 2025 8:59 am

Middle East M&A Activity Surges 260% Despite Market Volatility, Driven by Strategic Diversification and Digital Transformation

Middle Eastern mergers and acquisitions (M&A) have demonstrated remarkable resilience and strategic focus, with deal values surging 260% to $53 billion in the first nine months of 2025 compared to the same period last year. This exceptional growth comes despite experiencing its lowest levels...

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