Business & Money | Thursday 16 July, 2026 8:00 am

Aramco awards Halliburton unconventional gas development contract

Saudi Aramco awarded New York-listed Halliburton a multi-year contract to deliver integrated stimulation and completion services for unconventional gas development in the Kingdom of Saudi Arabia. In a statement, Halliburton said this award is part of a broader multi-billion contract,...

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Business & Money | Thursday 16 July, 2026 8:00 am

Real estate deals up at SAR 23.7B in June

The value of real estate transactions in the Saudi market increased 8% in June 2026 to around SAR 3.7 billion, from SAR 22 billion a year earlier. The rise was driven by a 24% rise in the value of non-residential real estate transactions to SAR 8.7 billion from SAR 7 billion in June 2025....

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Business & Money | Tuesday 14 July, 2026 8:00 am

PIF, I Squared Capital explore up to $2B infrastructure investment

The Public Investment Fund (PIF) and I Squared Capital signed a memorandum of understanding (MoU) today, July 13, to explore up to $2 billion in investments in PIF-owned real estate and infrastructure assets. According to a statement received by Argaam, the two parties, in collaboration with...

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Business & Money | Sunday 12 July, 2026 8:00 am

Al-Hogail launches SAR 1.67B projects in Al Baha

Saudi Minister of Municipalities and Housing, Majed Al-Hogail, inaugurated municipal and housing projects and laid the cornerstone for other developments in Al Baha Region on Thursday, July 9, with total investments exceeding SAR 1.67 billion, the Saudi Press Agency (SPA) reported. The...

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Business & Money | Sunday 12 July, 2026 8:00 am

Royal order relieves AlKhorayef, appoints Prince Abdulaziz as industry minister

A royal order was issued today relieving Bandar AlKhorayef of his duties as Minister of Industry and Mineral Resources. The order appoints Prince Abdulaziz bin Salman bin Abdulaziz Al Saud as Minister of Industry and Mineral Resources, in addition to his current role as Minister of...

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Business & Money | Sunday 12 July, 2026 8:00 am

Saudi Arabia, Canada eye 13 agreements, MoUs worth $1B: Report

Saudi Arabia and Canada intend to sign 13 agreements and MoUs today, July 9, at an estimated value of $1 billion, during Canadian Prime Minister Mark Carney’s visit to the Kingdom, Al Arabiya reported, citing its sources. The agreements cover the infrastructure, mining, and industry sectors, ...

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Business & Money | Thursday 9 July, 2026 8:00 am

Makkah white land areas reach 28M sqm in development, trading: MOMAH

Ministry of Municipalities and Housing (MOMAH) announced that the total area of developed and traded white land in Makkah reached about 28 million square meters (sqm), as part of the implementation of the White Land and Vacant Property Fees Law, Saudi Press Agency (SPA) reported. The ministry...

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Business & Money | Thursday 9 July, 2026 8:00 am

SRC completes pricing $2.75B Sukuk issuance

Saudi Real Estate Refinance Co. (SRC), wholly owned by the Public Investment Fund (PIF), announced the successful pricing of its third international sukuk issuance, guaranteed by the Government of Saudi Arabia, with a total value of $2.75 billion. According to state-run news agency SPA, the...

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Business & Money | Wednesday 8 July, 2026 2:38 pm

Saudi Arabia rises to 13th in FDI rankings

Saudi Arabia ranked 13th among the world's top 20 host economies for foreign direct investment (FDI) in 2025. According to the World Investment Report 2026 issued by the United Nations Conference on Trade and Development (UNCTAD), the Kingdom's ranking improved after FDI inflows surged nearly...

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Business & Money | Wednesday 8 July, 2026 8:00 am

Multiply Media Group Expands into Saudi Arabia Through Strategic Partnership with Cenomi Centers and the Launch of BackLite KSA

Multiply Media Group (MMG), the UAE-headquartered Out-of-Home media powerhouse and a subsidiary of 2PointZero Group PJSC, today announced its expansion into Saudi Arabia through a strategic partnership with Cenomi Centers, Saudi Arabia's leading owner, operator and developer of contemporary...

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