Government | Tuesday 27 October, 2026 4:21 pm

Saudi Cabinet approves commercial transactions law

The Saudi Cabinet, chaired by Crown Prince and Prime Minister Mohammed bin Salman, approved today, Oct. 27, the Commercial Transactions Law at a meeting in Riyadh. The Cabinet also approved the reconstitution of the National Water Co.’s (NWC) board, chaired by Abdulrahman Asl-Fadhli, Saudi...

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Business & Money | Tuesday 27 October, 2026 4:17 pm

Saudi Maritime & Logistics Congress Highlights Maritime Sector Integration and Opportunities for Trade and Investment Growth in the Kingdom

The Saudi Maritime & Logistics Congress highlighted Saudi Arabia’s role in supporting the continuity of trade flows and strengthening supply chain resilience as it opened at Jeddah Superdome, bringing together representatives of government entities, maritime transport and logistics leaders,...

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Business & Money | Tuesday 27 October, 2026 4:13 pm

Aramco nears securing $10B loan from global banks: Report

Saudi Aramco is nearing agreement with international banks on a $10 billion loan (SAR 37.5 billion) that would bolster its finances as conflicts in the Middle East threaten crude exports, Bloomberg reported. The revolving credit facility, to be signed in the coming weeks, is set to be priced...

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Business & Money | Tuesday 27 October, 2026 4:09 pm

MOMAH seeks public input on regulatory update to white land fees

The Ministry of Municipalities and Housing (MOMAH) has offered the proposed amendments to the Implementing Regulations for White Land Fees for public consultation through the Istitlaa platform until Nov. 6, 2026. The proposed amendments aim to align the implementing regulations with Cabinet...

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Business & Money | Tuesday 27 October, 2026 10:10 am

Global Islamic finance industry assets to reach US$10.5 trillion by 2030 as adoption broadens

Kuala Lumpur, Malaysia - LSEG, in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, today announced the results of the 2026 edition of the Islamic Finance Development Report at the Kuala...

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Technology & IT | Monday 26 October, 2026 6:10 pm

Nutanix and Saudi Ministry of Media Sign MoU to Build a More Resilient, AI-Ready Digital Foundation for the Media Sector

Riyadh, Saudi Arabia, 26 October, 2026 – Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing and the Saudi Ministry of Media signed a Memorandum of Understanding (MoU) at LEAP 2026 to strengthen cooperation around the development and modernization of the Ministry’s digital ...

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Business & Money | Monday 26 October, 2026 3:44 pm

ITFC Surpasses US$100 Billion in Trade Finance Approvals

Milestone reflects nearly two decades of trade finance supporting essential imports, exports, food and energy security, private-sector growth and economic resilience across Member CountriesJeddah, Saudi Arabia — The International Islamic Trade Finance Corporation (ITFC), the trade finance and...

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Business & Money | Monday 26 October, 2026 2:04 pm

Moody’s affirms ICIEC’s Aa3 Insurance Financial Strength Rating with Stable Outlook

Jeddah, Kingdom of Saudi Arabia – The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, is pleased to announce that Moody’s Ratings has affirmed the Corporation’s Aa3 Insurance...

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Business & Money | Monday 26 October, 2026 8:00 am

MOMAH: 7M sqm of white land in Tabuk, Hail, Jazan enter development, trading

The Ministry of Municipalities and Housing (MOMAH) revealed that seven million square meters (sqm) of white land in Tabuk, Hail, and Jazan regions have entered development or trading. The registered areas included 5.3 million sqm of white land that has entered trading, 466,000 sqm of land that ...

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Business & Money | Monday 26 October, 2026 8:00 am

NWC revises water, wastewater tariffs from Jan. 1

The National Water Co. (NWC) will introduce revised water and wastewater tariffs for residential, non-residential, and government customers from Jan. 1, 2027, the company said in a statement. The changes include setting four consumption tiers for residential customers and consolidating...

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