Business & Money | Monday 17 November, 2025 12:00 pm

Arabian Drilling renews four Aramco contracts worth over SAR 2B

Arabian Drilling Co. secured extensions for four rig contracts with Saudi Arabian Oil Co. (Saudi Aramco), adding more than SAR 2 billion to its backlog, with durations ranging from five to ten years. In a statement to Tadawul, the company said the renewals will add 30 committed...

More Details

Business & Money | Sunday 16 November, 2025 12:27 pm

Events Investment Fund Boosts Saudi Sports, Culture, Tourism and Entertainment Sectors with Launch of First Landmark Project

The Events Investment Fund (EIF) — launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, under the National Development Fund (NDF) — today announced the development of the Riyadh Shooting Range & Entertainment...

More Details

Business & Money | Sunday 16 November, 2025 12:08 pm

Aramco’s $28B Q3 Profit Highlights Strength Amid Volatile Oil Market

Saudi Aramco has once again demonstrated its resilience amid global energy market volatility, reporting robust third-quarter 2025 results that highlight the company’s operational strength and strategic focus on the future of energy.The company posted an adjusted net income of USD $28.0 billion...

More Details

Business & Money | Thursday 13 November, 2025 2:52 pm

Al Tamimi & Company Advises Global Infrastructure Partners on Landmark US$11 Billion Investment in Saudi Arabia’s Jafurah Gas Processing Facilities

 Al Tamimi & Company has advised Global Infrastructure Partners (GIP), a BlackRock investment fund, on its acquisition of a 49% interest in the Jafurah gas processing facilities in Saudi Arabia from Aramco, through an investment in Jafurah Midstream Gas Company. The transaction, valued at...

More Details

Business & Money | Thursday 13 November, 2025 2:23 pm

EIF launches Riyadh Shooting Range development with investment exceeding SAR 491M

The Events Investment Fund (EIF) launched the Riyadh Shooting Range and Entertainment Complex, its first major development project, with an investment exceeding SAR 491 million (over $131 million). Located 40 minutes from Riyadh in Qiddiya, the Kingdom’s new global entertainment hub, the...

More Details

Business & Money | Wednesday 12 November, 2025 1:24 pm

Soudah Development signs agreement with global professional services leader WSP to develop regional planning framework for Soudah and parts of Rijal Almaa

Soudah Development, a Public Investment Fund company chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, has signed a strategic agreement with WSP, a world leading professional services firm, uniting its engineering, advisory and...

More Details

Business & Money | Wednesday 12 November, 2025 1:21 pm

TDF announces SAR 2.9B projects at TOURISE

The Tourism Development Fund (TDF) announced a portfolio of strategic projects and partnerships worth a total of SAR 2.9 billion on the first day of the TOURISE Summit 2025. The Fund unveiled five integrated tourism projects comprising a total of 1,211 hotel keys, including the Jared Aseer,...

More Details

Business & Money | Tuesday 11 November, 2025 8:15 am

Tabby gets SAMA license to offer BNPL services in Saudi Arabia

The Saudi Central Bank (SAMA) granted Tabby a license to provide buy now, pay later (BNPL) services, bringing the total number of licensed financing companies in the Kingdom to 68, according to a statement today, Nov. 10. The license is part of SAMA’s efforts to support the financial sector, ...

More Details

Business & Money | Tuesday 11 November, 2025 8:08 am

Johns Hopkins Aramco Healthcare signs four strategic agreements to advance healthcare excellence in Saudi Arabia

Johns Hopkins Aramco Healthcare (JHAH) signed four landmark Memoranda of Understanding (MoUs) with leading national partners during the Global Health Exhibition 2025, held in Riyadh between October 27 – 30.  The agreements reaffirm JHAH’s commitment to driving innovation, collaboration,...

More Details

Business & Money | Tuesday 11 November, 2025 8:03 am

Lean and the Ministry of Defense Inaugurate the First Phase of the Digital Health Transformation Program with the Launch of the "Sehhatek" Application

 Lean Business Services, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF) and the Kingdom’s leading provider of integrated health and wellbeing solutions, has announced its contribution to the implementation of the first phase of the Ministry of Defense's digital health...

More Details