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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Business & Money | Monday 22 December, 2025 8:43 am

Cherry Trading secures SAR 250M credit facilities with Alinma Bank

Cherry Trading Co. signed today, Dec. 21, a Shariah-compliant credit facility deal worth SAR 250 million with Alinma Bank, according to a Tadawul filing. The three-year financing is covered by a promissory note and the assignment of proceeds. The loan will be utilized to purchase new...

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Business & Money | Monday 22 December, 2025 8:01 am

Rawasi Albina signs MoU with Chinese firm to develop cabin manufacturing tech

Nomu-listed Rawasi Albina Investment Co. signed today, Dec. 21, a memorandum of understanding (MoU) with China-based Ningbo Spring System Integration Co. to strengthen cooperation in providing infrastructure business solutions across key sectors, including telecommunications, electricity, and...

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Tourism & Hospitality | Sunday 21 December, 2025 9:11 am

King Khalid International Airport resumes full operations

King Khalid International Airport (KKIA) in Riyadh stated it has fully resumed operations today, following coordination and follow-up with airlines and relevant authorities regarding the 200 flights canceled and rescheduled on Friday.   KKIA noted that it is working with all airlines ...

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Business & Money | Sunday 21 December, 2025 9:06 am

Dallah signs deal with Maharah subsidiary to buy stake in Care Shield for SAR 434.3M

Dallah Healthcare Co. signed an agreement on Dec 18 to acquire all shares held by Growth Avenues Investment Co., a subsidiary of Maharah Human Resources Co., in Care Shield Holding Co. (Kingdom Hospital and Consulting Clinics) for SAR 434.3 million. The deal covers 5.17...

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