Business & Money | Thursday 28 May, 2026 7:37 am

Saudi Arabia set to launch Riyadh cooling project by 2027

Saudi Arabia is set to begin the Riyadh cooling project next year, to reduce asphalt and wall temperatures by 8-15°C through urban cooling technologies, Al Eqtisadiah newspaper reported.The project is pending completion of studies as well as final approvals. It aims to address heat islands across...

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Business & Money | Thursday 28 May, 2026 7:35 am

GCCIA eyes regional expansions, Arab electricity market

The GCC Interconnection Authority (GCCIA) has expanded from an internal GCC project into a strategic regional interconnection platform studying projects with neighboring countries, CEO Ahmed Al-Ebrahim told the Kuwait TV.GCCIA also acts as a regional coordinator for the Arab Common Electricity ...

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Business & Money | Thursday 28 May, 2026 7:34 am

1.7M pilgrims perform Hajj in 2026: GASTAT

The total number of pilgrims performing Hajj this year reached 1.71 million.According to the General Authority for Statistics (GASTAT), 1.5 million pilgrims arrived from outside the Kingdom, while the number of domestic pilgrims, including Saudi citizens and residents, stood at 160,650.Male...

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Business & Money | Thursday 28 May, 2026 7:31 am

Kingdom Holding, Prince Alwaleed’s combined stake in SpaceX may top $10.6B

Kingdom Holding Co. (KHC) said its combined stake with Prince Alwaleed bin Talal’s private office in SpaceX stands at 0.63%, with the holding valued at $8.32 billion based on a company valuation of about $1.25 trillion.KHC told Asharq Business with Bloomberg that the stake’s value could rise to ...

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Business & Money | Tuesday 26 May, 2026 11:40 am

Why Trading Competitions Are Gaining Momentum in the UAE

The UAE has established itself as a dynamic hub for online trading, driven by sophisticated infrastructure, and growing interest in global markets, from forex and indices to commodities and digital assets. Market participants areseeking effective environments to improve their skills, evaluate...

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Business & Money | Monday 25 May, 2026 9:28 am

Industry Ministry identifies 4 copper, zinc sites for bidding

Saudi Arabia’s Ministry of Industry and Mineral Resources designated four mining sites for copper, zinc, and gold ores to be offered for competitive bidding, with immediate effect. The move was based on Article 19 of the Mining Investment Law, which allows the ministry to designate land or...

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Business & Money | Monday 25 May, 2026 9:26 am

Saudia receives first Airbus A321XLR in MEA

Saudi Arabian Airlines (Saudia) has received its first long-range narrow-body Airbus A321XLR aircraft. This is the first time this model joins the Saudi fleet and the first in the Middle East and Africa region. The A321XLR features a narrow-body design with a long range of up to 8,700...

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Business & Money | Monday 25 May, 2026 9:24 am

RCRC appoints PLANET to lead Riyadh cooling project

The Royal Commission for Riyadh City (RCRC) appointed PLANET as the lead consultant for the Riyadh Strategic Cooling Project, an initiative aimed at addressing urban heat challenges in the Saudi capital. Implemented under the Riyadh Green Program, the project includes developing a citywide...

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Business & Money | Monday 25 May, 2026 9:22 am

Emirates Council for Balanced Development launches development works for Al Rams Waterfront, Al Rams Boulevard projects in Ras Al Khaimah

The Emirates Council for Balanced Development announced the launch of development works for the Al Rams Waterfront and Al Rams Boulevard projects in the Al Rams area of Ras Al Khaimah, in a step that supports the Council’s efforts to transform UAE villages and rural areas into integrated...

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Business & Money | Monday 25 May, 2026 9:19 am

ENOC Group signs MoU with Allied Biofuels Holding for Sustainable Aviation Fuel supply cooperation

ENOC Group, a leading integrated global energy player, today announced the signing of a Memorandum of Understanding (MoU) with Allied Biofuels Holding, based in Abu Dhabi, to explore the offtake and distribution of Sustainable Aviation Fuel (SAF) and Electro-synthetic Sustainable Aviation Fuel...

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