Business & Money | Tuesday 6 January, 2026 8:00 am

Saudi Arabia working on updated investment strategy: Al-Falih

Minister of Investment Khalid Al-Falih said that the ministry is working on an updated investment strategy, which will represent the second phase of the National Investment Strategy that successfully achieved its targets over the past five years. In remarks on the sidelines of today’s Shura...

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Business & Money | Sunday 4 January, 2026 12:40 pm

Finance Minister approves 2026 borrowing plan; financing needs expected at SAR 217B

Minister of Finance and Chairman of the National Debt Management Center, Mohammed Al-Jadaan, approved the annual borrowing plan for the fiscal year 2026, following its endorsement by the center. According to a statement by the center, the plan outlines key developments in public debt during...

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Business & Money | Sunday 4 January, 2026 12:38 pm

Fakeeh Care signs SAR 218M long-term land lease pact in Jazan

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) and its subsidiaries signed an agreement on Jan. 1 with Oloof Development Co., a wholly owned subsidiary of Jazan Municipality, to lease a strategic land plot in Jazan City. The 34,581-square-meter site will be used to develop an...

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Business & Money | Sunday 4 January, 2026 11:59 am

Equipment House wins SAR 261M project from HRSD Ministry

Scientific and Medical Equipment House Co. (Equipment House) said it was awarded on Jan. 1, 2026, a project valued at SAR 260.98 million (including VAT) by the Ministry of Human Resources and Social Development (HRSD), according to a statement to Tadawul. The scope of the project includes ...

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Business & Money | Saturday 3 January, 2026 5:26 am

PIF assets rise to $1.

The Public Investment Fund (PIF) ranked fifth among the world’s largest sovereign wealth funds (SWFs), after its net assets amounted to $1.15 trillion, recent data from the SWF Institute showed.   PIF's assets rose by $226 billion from $925 billion by the end of December...

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Government | Saturday 3 January, 2026 5:23 am

Saudi embassy says mutual visa exemption with Russia not yet in force

The Saudi embassy in Russia said the mutual visa exemption agreement between the two countries has not yet entered into force. In a post on X, the embassy said the agreement’s implementation remains subject to the completion of required regulatory procedures between both sides under approved ...

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Business & Money | Saturday 3 January, 2026 5:04 am

Asas Makeen receives SAR 1.65M in idle land tax invoices, plans to appeal

Asas Makeen Development and Investment Co. announced receiving three idle land tax invoices totaling SAR 1.65 million today, Jan. 1, pertaining to land plots located within the designated geographic zones of the White Land Fees System.   These amounts have been recorded as...

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Government | Thursday 1 January, 2026 11:27 am

Updated law on non-Saudis’ property ownership comes into effect today

The updated law regulating property ownership by non-Saudis in the Kingdom comes into force today, Jan. 1, following approval by the Saudi Cabinet in July 2025. The updated law aims to regulate non-Saudis’ ownership of real estate and the acquisition of real property rights within the...

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Government | Thursday 1 January, 2026 11:25 am

Issuance of white land fee bills begins today in Riyadh

The issuance of white land fee bills for lands subject to the levy in Riyadh began today, Jan. 1.   Landowners may apply for an additional development grace period once the fee is assessed on their land. The additional period is granted upon approval by the competent committee in...

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Business & Money | Thursday 1 January, 2026 11:24 am

Over 60,000 white land fee invoices issued in Riyadh

The Ministry of Municipal, Rural Affairs and Housing, represented by the White Land and Vacant Property Fees Program, announced today, Jan., the issuance of more than 60,000 white land fee bills in the city of Riyadh.The move aligns with the directives of Crown Prince Mohammed bin Salman aimed at...

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