Business & Money | Sunday 23 November, 2025 10:47 am

Saudi Arabia values REE discoveries at SAR 375B: Alkhorayef

Minister of Industry and Mineral Resources, Bandar Alkhorayef, said rare earth element (REE) discoveries in the Kingdom are valued at around SAR 375 billion, as part of the country’s total estimated mineral wealth, which has increased by 90% since 2018 to SAR 9.4 trillion in 2024. He said...

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Business & Money | Sunday 23 November, 2025 9:01 am

S&P expect Saudi banks to provide $75B new corporate loans in 2025-26

S&P Global expects Saudi banks to provide $65–75 billion in new corporate loans annually in 2025–2026 (244–281 billion riyals), driven mainly by demand from the real estate and utilities sectors. In a recent report, the rating agency said that TASI-companies — including unrated...

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Business & Money | Thursday 20 November, 2025 12:00 pm

Aramco CEO: $30B in energy MoUs to be sealed with US today

Amin Nasser, CEO of Saudi Arabian Oil Co. (Saudi Aramco), identified liquefied natural gas (LNG) as the Saudi oil giant’s key target for expansion in the US. He confirmed that $30 billion (SAR 112.5 billion) worth of energy-focused memoranda of understanding (MoUs) are slated for signing...

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Business & Money | Thursday 20 November, 2025 12:00 pm

SAB Invest Seals Over SAR 4 Billion Real Estate Deals in Riyadh

SAB Invest signed agreements to launch three real estate funds with a combined asset value of SAR 4.8 billion. The funds will invest in iconic projects such as Capital Gate, the towers development on King Fahd Road, and a mixed-use development, on the sidelines of its participation in Cityscape...

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Business & Money | Wednesday 19 November, 2025 2:19 pm

Cognita Middle East and ROSHN Group Sign Landmark MoU to Establish World-Class Educational Facilities in Saudi Arabia

Cognita Middle East, the regional hub of the global schools group, has signed a Memorandum of Understanding (MoU) with ROSHN Group, the Kingdom of Saudi Arabia’s leading multi-asset class real estate developer and a Public Investment Fund (PIF) company, to develop world-class educational...

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Business & Money | Wednesday 19 November, 2025 10:00 am

The Helicopter Company and Riyadh Air Sign Strategic MoU to Advance Seamless Premium Air Mobility Across Saudi Arabia

The Helicopter Company (THC), a PIF company and the Kingdom's premier commercial helicopter operator, has signed a strategic Memorandum of Understanding (MoU) with Riyadh Air, the new national carrier of the Kingdom of Saudi Arabia and also a PIF entity, at Dubai Airshow.  This landmark...

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Business & Money | Tuesday 18 November, 2025 12:49 pm

Retal clinches NHC contract to develop 4,839 units at SAR 5.2B

Retal Urban Development Co. was awarded on Nov. 17 a SAR 5.2 billion project by the National Housing Co. (NHC) to develop 4,839 residential units (villas/apartments) in Al Fursan Suburb, Third Area, Riyadh. The project spans a land area of approximately one million square meters, according to...

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Business & Money | Tuesday 18 November, 2025 12:47 pm

Diriyah launches residential project, inks 3 contracts worth SAR 5.7B

Diriyah Company unveiled its latest residential development, the “Manazel Al-Hadawi” project, and the start of off-plan sales, during the company’s participation in Cityscape Global 2025.  The project includes, in its first phase, 239 residential units consisting of apartments and...

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Business & Money | Tuesday 18 November, 2025 12:23 pm

Cityscape Global opens in Riyadh with $43bn worth of deals announced

Cityscape Global 2025 opened today in Riyadh in the presence of senior Saudi government representatives, international decision-makers, and industry leaders from across the global real estate sector. Sponsored by the Ministry of Municipalities and Housing, in partnership with REGA, Vision 2030 and...

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Business & Money | Monday 17 November, 2025 2:19 pm

Al Majdiah signs SAR 1B Riyadh real estate deal

Dar Al Majed Real Estate Co. (Al Majdiah) signed an investment agreement on Nov. 13 with Jadwa Fund 47, managed by Jadwa Investment Co., and landowner Abdullah Al-Qassim to participate in the development of a premium mixed-use real estate project in Riyadh. Under the agreement, Al Majdiah ...

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