Business & Money | Wednesday 3 December, 2025 10:41 am

Black Hat MEA Becomes World’s Largest Cyber Security Gathering, Increasing in Size by 55%

Black Hat MEA opened today with a surge of energy as global CISOs, founders, policymakers and researchers gathered in Riyadh to decode the next wave of cyber risk. Day one delivered high-pressure intelligence, frontline lessons and live research across the Executive Summit, Briefings, Deep Dive and ...

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Business & Money | Wednesday 3 December, 2025 8:55 am

Finance Minister says Vision 2030’s next phase will maximize impact

Finance Minister Mohammed Al-Jadaan said the next phase of Vision 2030 will focus on maximizing impact and preparing for the post-2030 era. At the FY2026 budget press conference, he noted 93% of Vision 2030 performance indicators are achieved or on track. He added 299 indicators have been ...

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Business & Money | Tuesday 2 December, 2025 1:37 pm

Expo 2030 Riyadh awards contract for detailed project masterplan

Expo 2030 Riyadh Co. (ERC) awarded the contract for the detailed masterplan and design of public realm, landscape, infrastructure and utilities for Expo 2030 Riyadh and its legacy to Buro Happold to serve as lead design consultant. This partnership marks a pivotal milestone that reflects Saudi ...

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Business & Money | Tuesday 2 December, 2025 1:36 pm

Retal, NHC to develop SAR 5.2B project in Al Fursan suburb

Retal Urban Development Co. signed on Dec. 1 an agreement with National Housing Co. (NHC) for a residential real estate project valued at SAR 5.2 billion in Al-Fursan suburb (Phase 3) in Riyadh.In a statement to Tadawul, the company said the agreement primarily covers the development of 4,839...

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Business & Money | Tuesday 2 December, 2025 7:51 am

OPEC deal rewards investors, believers in demand growth: Minister

Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, said that the OPEC agreement concluded on Nov. 30 rewards those who invest and believe in the existence of demand growth, placing producers in an advanced position among global peers. According to Al Ekhbariya TV, the...

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Business & Money | Monday 1 December, 2025 10:44 am

PIF investments in Japan total $11.5B through 2024: Al-Rumayyan

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), said the fund began investing in Japan in 2017, with total investments reaching around $11.5B through 2024. Speaking during a session at the FII Priority Asia Summit held in Tokyo, Al-Rumayyan said PIF investments in...

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Business & Money | Monday 1 December, 2025 8:37 am

PIF in advanced talks to invest in Leonardo’s aircraft structures unit: Report

The Public Investment Fund (PIF) is in advanced discussions to invest in the aircraft structures unit of Italy’s Leonardo, Bloomberg reported, citing sources. Under the potential agreement, the two sides would establish a global aircraft structures business. According to the sources,...

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Business & Money | Monday 1 December, 2025 8:35 am

Industry Ministry signs SAR 2B projects benefiting from standard incentives: Al-Khorayef

Minister of Industry and Mineral Resources Bander Al-Khorayef stated that the ministry signed today, Nov. 30, the first batch of projects benefiting from the standard incentive program for the industrial sector. The first batch includes nine projects with total investments of nearly SAR 2...

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Business & Money | Friday 28 November, 2025 1:25 pm

National Building subsidiary renews SAR 127M credit facility with Al Rajhi Bank

National Building and Marketing Co.’s (NBM) subsidiary, Ajeej Steel Manufacturing Co., renewed today, Nov. 27, a Shariah-compliant banking facilities agreement worth SAR 127 million with Al Rajhi Bank, according to a statement on Tadawul. The financing is secured by guarantees of debt...

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Business & Money | Friday 28 November, 2025 1:20 pm

ACWA Power secures financial close for 2 wind, 5 solar projects in Saudi Arabia

ACWA Power Co. announced the financial close of two major wind power projects, Starah and Shaqra, located in the central region of Saudi Arabia, with production capacities of 2,000 MW and 1,000 MW, respectively, according to a Tadawul statement today. The financing amounts to SAR 5.44 billion...

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