Category: Business
Business
LatestHail Chamber Opens Committee Nominations
Hail, Saudi Arabia — The Hail Chamber of Commerce and Industry has opened nominations for membership in its sectoral committees for the twelfth term. The chamber called on business owners and specialized experts to take part in...
Business
Saudi Weekly POS Transactions Hit 223M, Total SAR 13.1B
Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) reported 223,571,000 point-of-sale (POS)...
Saudi Stock Market Opens to Direct GCC Individual Investors
Riyadh, Saudi Arabia — In a major regulatory development, individual investors residing in Gulf...
SACO Sells Riyadh Warehouse for SAR 140M to Fund Expansion, Cut Debt
Riyadh, Saudi Arabia — Saudi Company for Tools and Hardware (SACO) has sold its warehouse in...
Saudi Inflation Rises to 2.3% in June 2025 on Housing, Fuel Surge
Riyadh, Saudi Arabia — Saudi Arabia’s annual inflation rate reached 2.3% in June 2025, driven...
Advanced Petrochemical Q2 Profit Soars 95% as Feedstock Costs Drop
Riyadh, Saudi Arabia — Advanced Petrochemical Company reported a 95.23% surge in net profit for Q2...
Jarir Q2 Profit Surges 15% Despite Flat Sales, Hits SAR 197M
Riyadh, Saudi Arabia — Jarir Marketing Company posted a 15.25% year-on-year increase in net profit...
Saudi Awwal Bank Wins Euromoney’s Best Bank in Kingdom for 2025
Riyadh, Saudi Arabia — Euromoney has named Saudi Awwal Bank the Best Bank in the Kingdom for 2025....
Neo Space Group Finalizes Acquisition of UP42 from Airbus
Riyadh, Saudi Arabia — Neo Space Group (NSG), Saudi Arabia’s leading commercial space services...
Business
CMA Approves Easier Investment Access for New Foreign Investor Groups
Riyadh, Saudi Arabia — The Capital Market Authority (CMA) approved amendments to streamline the...
Saudi Launches Genetic Program to Boost Cow Milk Output
Riyadh, Saudi Arabia — The National Livestock & Fisheries Development Program announced a...
IMF Applauds Saudi Labor Reforms, Sees Gains in Jobs and Inclusion
Riyadh, Saudi Arabia — The International Monetary Fund (IMF) commended Saudi Arabia’s IMF Saudi...
Jadwa Forecasts 4.3% Growth in Saudi Non-Oil Economy for 2025
Riyadh, Saudi Arabia — Jadwa Investment expects the Saudi non‑oil economy to grow by 4.3% in 2025....
WSM IT Signs SAR 500M Government Framework Deal Over 3 Years
Riyadh, Saudi Arabia — WSM Al Aamal for Information Technology has signed a WSM government...
Jahez Acquires 76.56% of Qatar’s Sanuno in $214M Deal
Riyadh, Saudi Arabia — The Jahez Sanuno acquisition of the Qatar deal marks a significant move in...
Saudi POS Transactions Hit SAR 14.3B in First Week of July 2025
Riyadh, Saudi Arabia — Saudi POS transactions in July 2025 reached SAR 14.3 billion across 230.49...
Extra Q2 Profit Rises 16.8% to SAR 124.5M, Tasheel Powers Growth
Riyadh, Saudi Arabia — United Electronics Company (Extra) posted a 16.79% year‑on‑year increase in...