Business & Money | Thursday 21 May, 2026 10:01 am

Saudi Azm secures SAR 75M credit facility with SAIB

Saudi AZM for Communication and Information Technology Co. signed a Shariah-compliant banking facility agreement worth SAR 75 million with the Saudi Investment Bank (SAIB) In a statement on Tadawul, the company said the one-year financing is backed by a promissory note as a guarantee. The ...

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Business & Money | Thursday 21 May, 2026 9:59 am

SIIG shareholders approve buyback of up to 10M shares

Shareholders of Saudi Industrial Investment Group (SIIG) approved the repurchase of up to 10 million shares to retain as treasury shares during an extraordinary general meeting on May 20, according to a statement to Tadawul. The company said its board believes the current market price of the...

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Business & Money | Thursday 21 May, 2026 9:57 am

Arabian Pipes, Aramco sign SAR 48M contract

Arabian Pipes Co. signed a contract worth around SAR 48 million with Saudi Aramco on May 20 for the manufacturing and supply of steel pipes. In a statement on Tadawul, Arabian Pipes said the eight-month contract is expected to have a financial impact on Q4 2026 and Q1 2027 results. It...

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Business & Money | Thursday 21 May, 2026 8:22 am

Nominations open for the 2026 Almarai Prize for Scientific Creativity across national and international tracks

Almarai Prize for Scientific Creativity has opened nominations for the 2026 cycle, covering both the national Almarai Prize for Scientific Innovation and the international Almarai Prize, offered in strategic partnership with King Abdulaziz City for Science and Technology (KACST) and Almarai...

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Business & Money | Wednesday 20 May, 2026 11:16 am

Saudi Awwal Bank Signs SAR 6.4 Billion Financing Agreement with AlBawani

 Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, has signed a SAR 6.4 billion bilateral financing agreement with AlBawani,  one of the companies in which the Public Investment Fund (PIF) ultimately holds a stake, and  which stands among the major...

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Business & Money | Wednesday 20 May, 2026 11:08 am

FHS Saudi Arabia Pre-event feature: hospitality investment outlook

 Saudi Arabia is set to deliver 358,000 new hotel rooms to meet rising tourism demand and prepare for major upcoming global events, unleashing a wealth of hospitality investment opportunities in the Kingdom. Future Hospitality Summit (FHS) Saudi Arabia, taking place from 22-24 June at...

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Business & Money | Wednesday 20 May, 2026 11:00 am

AI to Add $15.7 Trillion to Global Economy by 2030 — But at a Rising Environmental Cost

Artificial intelligence is rapidly reshaping economies, industries, and everyday life at a pace few technologies have achieved before. It is accelerating medical research, improving access to education, strengthening logistics networks, helping cities predict infrastructure failures, and enabling...

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Culture & Education | Tuesday 19 May, 2026 4:33 pm

Plekhanov University in Dubai Inaugurates R&D Center and Unveils New Patent and Two Revolutionary AI Technologies

DUBAI — Plekhanov Russian University of Economics in Dubai, based at Dubai Knowledge Park – the region’s leading hub for lifelong learning – Yesterday was launched the second edition of its Innovation Week, bringing together representatives from the Dubai Knowledge Park, as well as...

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Business & Money | Tuesday 19 May, 2026 2:39 pm

AD Ports Group launches cruise, ferry terminal services in Egypt

AD Ports Group on Tuesday announced the commencement of cruise services at its three terminals in Sharm El Sheikh, Hurghada, and Safaga in Egypt, in addition to facilitating ferry services connecting Safaga and NEOM ports to support transport of Hajj workers between Egypt and Saudi Arabia. In...

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Business & Money | Tuesday 19 May, 2026 2:15 pm

ADNOC Distribution, Americana Restaurants partner to enhance dining convenience, roadside retail across region

ADNOC Distribution and Americana Restaurants International PLC today announced a strategic partnership to expand dining and convenience offerings across ADNOC Distribution service station locations in the UAE, Saudi Arabia and Egypt. Under the partnership, up to 200 quick service restaurants...

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