Category: Business
Business
LatestMonshaat Launches Guidance Week in Jeddah
Jeddah, Saudi Arabia — The General Authority for Small and Medium Enterprises, known as Monshaat, is organizing a week of guidance and advisory programs at the Enterprise Support Center in Jeddah. The initiative brings together...
Business
AAOIFI and arbitration center host seminar
Jeddah, Saudi Arabia — The Accounting and Auditing Organization for Islamic Financial Institutions, in cooperation with the International Islamic Center for Reconciliation and Arbitration, will hold a seminar next Tuesday by...
Tabuk Chamber spotlights Qiwa platform services
Tabuk, Saudi Arabia — The Tabuk Chamber of Commerce organized a workshop on Sunday titled “Introduction to the Qiwa Platform and its Services.” The session formed part of the chamber’s awareness programs for private-sector...
Hail 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...
Al‑Futtaim Retail Buys 49.95% of Cenomi Retail for SAR 2.5B
Riyadh, Saudi Arabia — Al‑Futtaim Retail has agreed to acquire a 49.95% stake in Cenomi Retail for...
The Helicopter Company Secures SAR 600M Islamic Facility from ANB
Riyadh, Saudi Arabia — The Helicopter Company (THC), owned by the Public Investment Fund and the...
Saudi Arabia Leads MENA VC Market in H1 2025 with SAR 3.2B Raised
Riyadh, Saudi Arabia — Saudi Arabia solidified its MENA venture capital lead with SAR 3.2 billion...
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...
Business
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...
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...