Business & Money | Monday 13 October, 2025 11:00 am

Egypt completes 95% of electricity interconnection project with Saudi Arabia: Official

Egypt completed 95% of the electricity interconnection project with Saudi Arabia, ahead of operating the first phase by the end of this year or early 2026, Asharq News reported, citing an Egyptian government official. The official said work included building 862 towers and laying cables and...

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Business & Money | Sunday 12 October, 2025 11:23 am

Under the patronage of MODON, SIG and Yellow Door Energy inaugurate 2-megawatt solar power plant at SIG’s Riyadh factory

Under the patronage of Eng. Majed Rafed Al-Argoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON), SIG in partnership with Yellow Door Energy officially inaugurated today a 2-megawatt rooftop solar power plant at its aseptic carton factory in the Second Industrial...

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Business & Money | Saturday 11 October, 2025 8:00 am

Spain’s ALSA wins SAR 2.2B contract for Qiddiya bus operation

Mobico Group Plc announced that its Spanish subsidiary ALSA, as part of a joint venture, won an eight-year contract in Qiddiya, at a total value of €500 million (SAR 2.2 billion). The contract, which will be implemented in partnership with a local company, includes the operation of 156...

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Business & Money | Saturday 11 October, 2025 8:00 am

Cenomi Centers releases prospectus for SAR 4.5B sukuk issue

Arabian Centres Co. (Cenomi Centers) issued today, Oct. 9, the prospectus for the issuance of sukuk worth SAR 4.5 billion. The company said, in a Tadawul statement, that under its sukuk program, it may issue sukuk from time to time, while complying with all applicable laws and...

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Business & Money | Saturday 11 October, 2025 8:00 am

Saudi scientist Omar Yaghi wins 2025 Nobel Prize in Chemistry

The Royal Swedish Academy of Sciences announced today, Oct. 8, that scientists Susumu Kitagawa, Richard Robson, and Saudi researcher Omar Yaghi have been awarded the 2025 Nobel Prize in Chemistry for their pioneering contributions to the development of metal-organic frameworks...

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Business & Money | Thursday 9 October, 2025 9:38 am

Diriyah inks SAR 917M deal to develop Grand Mosque

Diriyah Co. signed a SAR 917 million contract with a consortium comprising Al-Majal El-Arabi Group and MAN Enterprise AlSaudia to develop the Grand Mosque as part of the project’s second phase. In a statement on X, the company said the mosque spans 12,300 square meters and will...

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Business & Money | Thursday 9 October, 2025 8:00 am

MOMAH OKs exec rules for municipal violations penalties

Saudi Arabia’s Ministry of Municipalities and Housing (MOMAH) approved the updated Executive Rules for the Regulations of Municipal Violations Penalties, in an attempt to boost compliance efficiency across the Kingdom's cities. The new rules provide a unified regulatory framework for the...

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Business & Money | Thursday 9 October, 2025 8:00 am

KONE Partners with Jeddah Tower to Elevate the Kingdom’s Vision of Global Excellence

KONE Corporation proudly announces its appointment as the vertical mobility partner for the world’s tallest-building-to-be, Jeddah Tower, in the Kingdom of Saudi Arabia. This partnership underscores KONE’s expertise and long-standing commitment to supporting the Kingdom’s vision for urban...

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Business & Money | Wednesday 8 October, 2025 8:30 am

REGA plans expanding rent freeze across Saudi Arabia: Official

The Real Estate General Authority (REGA) plans to carry out studies on expanding the implementation of the regulations with regard to freezing rent increase to encompass all regions across the Kingdom for five years, said Taiseer Al Mofarej, REGA's Director General of Strategic Communication and...

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Business & Money | Tuesday 7 October, 2025 3:31 pm

SAL inks land lease deal for SAR 4.2B logistics hub in Riyadh

SAL Saudi Logistics Services Co. signed today, Oct. 7, the final (sub usufruct) agreement with Sela Co. to lease a land plot in Falcon City, north of Riyadh, covering a total area of 1.57 million square meters (sqm) - an increase of 12,220 sqm from the preliminary agreement. In a...

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