Business & Money | Sunday 7 June, 2026 8:58 am

Critical minerals market cannot be built on OPEC-like model: AlKhorayef

Building a more stable global market for critical minerals cannot be based on a model similar to that of OPEC, said Bandar AlKhorayef, Minister of Industry and Mineral Resources.He explained that minerals differ fundamentally from oil due to the wide variety of mineral products and the distinct...

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Business & Money | Sunday 7 June, 2026 8:50 am

Saudi Arabia seeks deeper Russia ties in critical minerals: Minister

Saudi Arabia is looking to expand cooperation and joint investment with Russia in the rare earths and critical minerals sector, said Bandar Alkhorayef, Minister of Industry and Mineral Resources.He added that this aims to support the two countries' shared interests and help build more resilient and ...

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Business & Money | Sunday 7 June, 2026 8:45 am

Saudi Cabinet assigns export control mandates to governance committee

Saudi Arabia's Cabinet ruled that all decisions to ban or restrict product exports must be made through the committee overseeing export-control governance procedures. Under the decision, the framework will apply to all export restrictions and bans, including those previously imposed under...

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Business & Money | Sunday 7 June, 2026 8:43 am

Saudi Cabinet sets 5-year deadline to file insurance claims from due date

Saudi Arabia's Cabinet approved new rules governing insurance dispute resolution committees, introducing a five-year limitation period for insurance claims.Under the rules, claims filed more than five years after the amount becomes due will generally not be heard, unless a valid excuse for the...

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Business & Money | Sunday 7 June, 2026 8:42 am

Miahona signs SAR 95M deal to acquire SHAS Water

Miahona Co. said it signed on June 4 a sale and purchase agreement (SPA) to acquire 100% of SHAS Water Co. including its stakes in subsidiaries, according to a statement to Tadawul. The transaction is currently valued at SAR 95.01 million, possibly increasing to a maximum of SAR 102.71...

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Business & Money | Thursday 4 June, 2026 12:16 pm

JustMarkets Research Highlights Global Growth Divergence as a Key Market Driver

JustMarkets has identified a growing macroeconomic divergence between major global economies as one of the key forces currently shaping foreign exchange markets. LIMASSOL, Cyprus — According to JustMarkets’ latest market research, currency movements are increasingly being influenced not...

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Business & Money | Wednesday 3 June, 2026 9:15 am

Central Asia's New Financial Hub Tamchy SFIT Opens Its First Business Centre

Established on the shores of Kyrgyzstan's Lake Issyk-Kul, Tamchy SFIT is positioning itself as Central Asia's premier financial destination, offering a zero tax rate for 49 years, English common law protections, and full profit repatriation rights. Bishkek, Kyrgyzstan - The Tamchy Special...

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Business & Money | Wednesday 3 June, 2026 9:14 am

MITHRA Metals advances strategic nickel laterite initiative in Ethiopia

Abu Dhabi — MITHRA Metals Holding, a private investment firm headquartered in Abu Dhabi Global Market, has announced the advancement of a strategic nickel laterite initiative in Southern Ethiopia, expanding its critical minerals portfolio across Africa and Middle East. The initiative is...

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Business & Money | Wednesday 3 June, 2026 8:00 am

RCRC launches flexible working hours initiative

The Royal Commission for Riyadh City (RCRC), in cooperation with the Ministry of Human Resources, launched a flexible working hours initiative aimed at improving traffic flow and enhancing the efficiency of daily commuting in Riyadh. The initiative will introduce a four-hour flexible work...

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Business & Money | Wednesday 3 June, 2026 7:56 am

Ajman Chamber strengthens global presence at China Franchise Expo

Ajman Chamber participated in the China Franchise Expo and the World Franchise Council Annual Meeting 2026, held in Beijing, China, from 27th to 31st May. The chamber was represented by Maher Tarish Al Alili, Board Member of Ajman Chamber and Vice President of the Emirates Association for...

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