Business & Money | Tuesday 18 August, 2026 8:00 am

HRDF: 329,000 Saudis find jobs in H1 2026

The Human Resources Development Fund (HRDF) helped employ 329,000 Saudis in the first half of 2026, up 23% from the same period in 2025. The direct support provided to individuals and businesses benefiting from the HRDF training, empowerment and career guidance programs and products totaled...

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Business & Money | Tuesday 18 August, 2026 8:00 am

PIF invests SAR 750B in new local projects in 2021-2025

The Public Investment Fund (PIF) stated that its cumulative domestic investment in new local projects exceeded SAR 750 billion during 2021-2025. In its 2025 annual report, the fund said its contribution to Saudi Arabia’s non-oil gross domestic product (GDP) amounted to SAR 1.286 trillion...

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Business & Money | Tuesday 18 August, 2026 8:00 am

Diriyah signs SAR 2B financing deal with ANB

Diriyah Co. and Arab National Bank (ANB) signed a SAR 2 billion ($533 million) financing agreement to develop a portfolio of serviced residences in Diriyah and Wadi Safar, marking the first partnership between the two parties. The agreement will support the development of luxury residential...

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Business & Money | Tuesday 18 August, 2026 8:00 am

PIF expects more IPOS in coming years

Yasser Al-Salman, Head of the General Finance Administration at the Public Investment Fund, said the fund is preparing for new debt-market issuances, which is expected to take place early next year. He also expects more companies to be listed over the coming years. In an interview with...

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Business & Money | Tuesday 18 August, 2026 8:00 am

PIF delivers 5.8% annual shareholder return since 2017

The Public Investment Fund (PIF) achieved an annualized total shareholder return of 5.8% since the launch of the Vision Realization Program (VRP) in September 2017 through the end of 2025. The fund announced its 2025 annual report, with assets under management (AUMs) reaching SAR 3.396...

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Business & Money | Monday 17 August, 2026 4:28 pm

Saudi Wood Expo returns for its 3rd edition, supporting the Kingdom’s $4.1 billion wood sector

Saudi Wood Expo, the largest and licensed wood exhibition in Saudi Arabia, returns for its 3rd edition from 30 August – 1 September at Riyadh Front Exhibition & Conference Center. Organized by dmg events, the event brings together over 200 exhibitors from more than 50 countries, creating...

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Business & Money | Monday 17 August, 2026 11:07 am

IsDBI and BMICE Sign Grant Agreement to Support Establishing an Islamic Window

Jeddah, Kingdom of Saudi Arabia - The Islamic Development Bank Institute (IsDBI) and the Maghreb Bank for Investment and Foreign Trade (BMICE) have signed a grant agreement to support the establishment of an Islamic window within BMICE, marking an important step toward strengthening Islamic finance ...

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Business & Money | Thursday 13 August, 2026 4:17 pm

SEWA connects 2,497 new projects to electricity network in H1 2026

The Sharjah Electricity, Water and Gas Authority (SEWA) announced several achievements within its sustainable development plan to develop infrastructure in various areas of Sharjah during the first half of 2026. The authority completed the electricity connection plan for 2,497 new projects,...

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Business & Money | Thursday 13 August, 2026 4:15 pm

e& UAE becomes first telecom operator globally to test eRedCap on live network

e& UAE, the flagship telecom arm of e&, on Thursday became the first telecom operator globally to announce the successful testing of enhanced Reduced Capability (eRedCap) on its live network. This achievement demonstrates a practical pathway for enterprises and public-sector...

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Business & Money | Thursday 13 August, 2026 4:13 pm

CBUAE participates in BRICS Meeting in India to enhance financial resilience

The Central Bank of the UAE (CBUAE) participated in the BRICS Finance Ministers and Central Bank Governors Meeting, held on 12–13 August in Jaipur, India, under India’s 2026 BRICS Presidency. The CBUAE delegation was headed by Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy...

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