Business & Money | Thursday 2 July, 2026 8:00 am

Al Zeyoudi meets President of Uruguay, discusses strengthening economic partnerships with Latin American, Caribbean officials

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, met with President Yamandú Orsi of the Oriental Republic of Uruguay on the sidelines of the UAE's participation in the Mercosur Summit, hosted in Asunción, the capital of Paraguay. During the meeting, Dr. Al Zeyoudi conveyed the...

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Business & Money | Wednesday 1 July, 2026 11:00 am

ICIEC and ICD Pioneer First Joint Syndicated Financing Transaction to Mobilize Islamic Finance and Expand Private Sector Investment in Member Countries

Jeddah - The Islamic Corporation for the Insurance of Investment and Export Credit (“ICIEC”), a Shariah-based multilateral insurer, and the Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the IsDB Group, both members of the Islamic...

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Business & Money | Tuesday 30 June, 2026 3:04 pm

Global Water Organization convenes one year progress meeting during Saudi Water Week

The Global Water Organization (GWO) hosted the Heads of Delegation from its eight founding Member States at the Saudi Water Week, taking place in Jeddah, Saudi Arabia from June 28 to July 2.  Representatives from Greece, Kuwait, Mauritania, Pakistan, Qatar, Saudi Arabia, Senegal and Spain ...

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Business & Money | Tuesday 30 June, 2026 3:02 pm

Cisco: 86% of Saudi Organizations Have Hit or Expect To Hit Network Capacity Limits Within Two Years Due to AI

 New research, released by Cisco in partnership with Foundry, reveals that organizations in Saudi Arabia face a two-year window before network capacity reaches its limit, as AI-driven traffic increases significantly across key AI workloads and attack surfaces expand beyond what current...

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Business & Money | Tuesday 30 June, 2026 2:57 pm

NWC Completes 50 Projects at SR +2.4b in 2026

The National Water Company (NWC) continued its efforts to promote and support sustainable development in the Kingdom by completing 50 projects with a total value of 2.4 billion Saudi Riyals throughout 2026. These projects helped deliver water and sanitation services to beneficiaries in various...

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Business & Money | Tuesday 30 June, 2026 2:52 pm

PIF net profit leaps 153% to SAR 65.2B in 2025; assets top SAR 4.5T

Saudi Arabia's Public Investment Fund (PIF) published today, June 30, its independently audited consolidated financial statements for 2025 on the London Stock Exchange.The financial statements showed that the fund delivered strong year-on-year (YoY) profit growth last year, with net profit more...

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Business & Money | Monday 29 June, 2026 12:49 pm

ICIEC Concludes IsDB Group Annual Meetings 2026 in Baku with Seven Agreements Exceeding USD 1 Billion

Baku, Republic of Azerbaijan - The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, concluded its participation in the IsDB Group Annual Meetings 2026 in...

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Business & Money | Monday 29 June, 2026 11:19 am

The Islamic Corporation for the Development of the Private Sector (ICD) Signs 13 Landmark Agreements to Promote Private Sector Growth in its Member Countries

Baku, Azerbaijan – The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, is pleased to announce the signing of 13 significant financing and strategic cooperation agreements with various counterparts aimed at catalyzing...

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Business & Money | Sunday 28 June, 2026 4:53 pm

Cenomi Centers inks SAR 1.33B contract for Al Khobar Downtown Mall, Boulevard

Arabian Centers Co. (Cenomi Centers) signed today, June 28, a design and build contract for the Al Khobar Downtown Mall and Boulevard project with Lynx Contracting Co., at a value of SAR 1.33 billion (excluding VAT). According to a Tadawul statement, the scope of the contract includes design,...

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Business & Money | Sunday 28 June, 2026 4:38 pm

NWC Participates in Saudi Water Week 2026 to Boost Sustainability and Innovation

The National Water Company (NWC) will participate in Saudi Water Week 2026, held in Jeddah from June 28 to July 2. The company’s participation stresses its pivotal role in advancing the water sector and enhancing its sustainability, and proceeding from its commitment to adopt innovative solutions ...

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