Business & Money | Sunday 18 October, 2026 8:00 am

Al-Sayari: Potential for cooperation with China on regional payment systems

Governor of the Saudi Central Bank (SAMA), Ayman Al-Sayari, said future opportunities may arise to explore potential areas of cooperation and exchange expertise with China on developments in regional payment systems. Al-Sayari made the remarks during a joint meeting between the governors of...

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Business & Money | Thursday 15 October, 2026 5:06 pm

Saudi reforms, fiscal buffers paying off amid shocks: IMF Chief

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said structural and fiscal reforms implemented by Saudi Arabia and the GCC countries in the recent years have helped build economic and fiscal buffers that are clearly paying off amid current shocks. Speaking on the...

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Business & Money | Thursday 15 October, 2026 5:03 pm

Al-Jadaan credits alternative route investments for steady energy supplies amid uncertainty

Minister of Finance Mohammed Al-Jadaan said Saudi Arabia helped ensure the continued flow of energy supplies and trade amid uncertainty, thanks to its investments in alternative transit and supply routes. Addressing the third meeting of the G20 Finance Ministers and Central Bank Governors,...

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Business & Money | Wednesday 14 October, 2026 8:00 am

Acwa explores 4.5GW renewable energy project in Mongolia for power exports to China

ACWA Power Co. (Acwa) signed a cooperation memorandum with Mongolia’s Sun Step Power to explore opportunities to develop and generate renewable electricity in Mongolia for export to China. According to an official statement, the memorandum also covers opportunities to store solar and wind...

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Business & Money | Wednesday 14 October, 2026 8:00 am

RCRC signs contracts to purchase 94 new trains; deliveries to begin in 2028

The Royal Commission for Riyadh City (RCRC) signed contracts to purchase and manufacture 94 new trains as the first phase of expanding the Riyadh Metro fleet. The expansion will increase the network’s fleet from 183 to 277 trains, with deliveries of the new trains scheduled to begin in...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Saudi Arabia to sustain investment in oil, gas, renewables, infrastructure: Minister

Saudi Arabia will continue investing in reliable oil and gas supplies, expanding renewable energy, strengthening electricity grids and storage facilities, upgrading gas infrastructure, and developing new technologies and low-emission solutions, Energy Minister Prince Abdulaziz Al Saud...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Riyadh sees exceptional growth, 2 bridges 42% complete: RCRC CEO

Ibrahim Al-Sultan, CEO of the Royal Commission for Riyadh City (RCRC), said the capital is experiencing an exceptional phase of growth in its economy, population, and urban development. He noted that development efforts are focused on three main areas: roads, transportation, and traffic...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Aramco targets 80% increase in gas sales capacity by 2030: CEO

Saudi Aramco President and CEO Amin Nasser said the company aims to increase gas sales capacity by about 80% from 2021 levels by 2030 and expand renewable energy projects. Speaking at the 25th World Petroleum Congress (WPC) in Riyadh, Nasser said gas and renewables would each account for half...

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Business & Money | Monday 12 October, 2026 8:00 am

Saudi Arabia builds additional pipelines as alternative routes to Hormuz: Minister

Saudi Minister of Energy Prince Abdulaziz bin Salman affirmed that Saudi Arabia will continue to fulfill its commitments to global energy markets despite current challenges, stressing that no one will be able to break the Kingdom or undermine its determination to keep moving forward. Speaking...

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Business & Money | Sunday 11 October, 2026 8:00 am

Saudi Arabia, UAE sign MoU on electricity, rail connectivity

Saudi Arabia and the UAE today signed a memorandum of understanding (MoU) in Riyadh to strengthen strategic cooperation in electricity connectivity, electricity exchange and trading, and rail connectivity, with the aim of maximizing the shared economic benefits between the two countries. The...

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