Business & Money | Sunday 2 November, 2025 3:17 pm

GWC Participates in ADIPEC 2025

Showcasing Its Innovative Logistics Solutions for the Energy SectorGulf Warehousing Company Q.P.S.C (GWC) — one of the leading logistics service providers in the Middle East and North Africa — is showcasing its leadership in the energy services sector and its strategic vision to strengthen its...

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Business & Money | Sunday 2 November, 2025 2:08 pm

Jazan Chamber, Chinese firm sign EUR 10B deal to set automobile factory

Hazan Chamber of Commerce signed an agreement with China’s Xincheng Jiao Technology Co. to establish a modern automobile manufacturing plant. The Chamber stated in a post on X that the project will involve investments of approximately EUR 10 billion and will span 15 years under the...

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Business & Money | Thursday 30 October, 2025 2:24 pm

Northern Trust, PIF deepen partnership to advance Saudi capital markets

Northern Trust Asset Management, a global leader in investment management, and the Public Investment Fund (PIF) expanded their strategic partnership to support the growth and development of Saudi Arabia’s capital markets and asset management sector. The partnership now includes a new...

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Business & Money | Thursday 30 October, 2025 2:14 pm

BlackRock and PIF Continue Strategic Growth of BlackRock Riyadh Investment Management Platform

Today at the PIF Asset Management Forum, held on the sidelines of the Future Investment Initiative 9th Edition (FII9) in Riyadh, BlackRock Saudi Arabia (BlackRock) and PIF unveiled new mutual funds across asset classes available to both local and global investors through BlackRock Riyadh Investment ...

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Business & Money | Thursday 30 October, 2025 1:59 pm

A new Report Charts Pathway for Saudi Arabia to Lead Regional Alzheimer’s Disease Care

Economist Impact, commissioned by Lilly, today launched a strategic roadmap for Saudi Arabia to become a regional and global leader in Alzheimer’s disease care, supporting the Kingdom’s Vision 2030 reforms.  Saudi Arabia has already introduced several initiatives aiming to improve...

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Business & Money | Wednesday 29 October, 2025 1:14 pm

NEOM and WuXi AppTec sign strategic MoU to advance Saudi Arabia’s biotech sector

NEOM, the sustainable region taking shape in northwest Saudi Arabia, has signed a strategic memorandum of understanding (MoU) with WuXi AppTec, a leading global pharmaceutical contract research, development and manufacturing organization (CRDMO).  Under the terms of the agreement, a...

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Business & Money | Tuesday 28 October, 2025 12:36 pm

Time to cut govt, PIF spending, let pvt sector invest: Minister

Saudi Arabia should now scale back the spending by the government and the Public Investment Fund (PIF) and allow the private sector to take the lead in investment, said Minister of Investment Khalid Al-Falih. Many largescale projects that require substantial expenditure have now reached an...

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Business & Money | Monday 27 October, 2025 8:00 am

Sulaiman Al Habib to build 2 hospitals worth SAR 2B in Dammam, Riyadh

Dr. Sulaiman Al Habib Medical Services Group’s (Sulaiman Al Habib) board approved plans to build two new hospitals in Dammam and Riyadh, with a combined estimated investment of around SAR 2 billion. The Dammam project will be developed by Sehat Al Sahel Co., a wholly owned subsidiary, on a...

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Business & Money | Thursday 23 October, 2025 12:53 pm

Adeer auctions Razon Al Musk hotel in Makkah for SAR 593.3M

Adeer Real Estate Co. announced the sale of Razon Al Musk hotel towers in Makkah, owned by Al Ahli Diyafa Real Estate Co., through a public auction held in Jeddah on Oct. 22. The property sold for SAR 593.3 million, Adeer said in a statement to Tadawul. The transaction is expected to have ...

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Business & Money | Thursday 23 October, 2025 12:39 pm

Maaden signs SAR 391.1M EPCM deal with SABCO, Bechtel Australia

Saudi Arabian Mining Co. (Maaden) signed an engineering, procurement, and construction management (EPCM) services contract worth SAR 391.1 million ($104.3 million) with Saudi Arabian Bechtel Co. (SABCO) and Bechtel Australia Pty Ltd. In a statement to Tadawul, Maaden said the 39-month contract ...

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