Business & Money | Thursday 28 May, 2026 7:37 am

Saudi Arabia set to launch Riyadh cooling project by 2027

Saudi Arabia is set to begin the Riyadh cooling project next year, to reduce asphalt and wall temperatures by 8-15°C through urban cooling technologies, Al Eqtisadiah newspaper reported.The project is pending completion of studies as well as final approvals. It aims to address heat islands across...

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Business & Money | Thursday 28 May, 2026 7:35 am

GCCIA eyes regional expansions, Arab electricity market

The GCC Interconnection Authority (GCCIA) has expanded from an internal GCC project into a strategic regional interconnection platform studying projects with neighboring countries, CEO Ahmed Al-Ebrahim told the Kuwait TV.GCCIA also acts as a regional coordinator for the Arab Common Electricity ...

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Business & Money | Monday 25 May, 2026 9:28 am

Industry Ministry identifies 4 copper, zinc sites for bidding

Saudi Arabia’s Ministry of Industry and Mineral Resources designated four mining sites for copper, zinc, and gold ores to be offered for competitive bidding, with immediate effect. The move was based on Article 19 of the Mining Investment Law, which allows the ministry to designate land or...

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Business & Money | Monday 25 May, 2026 9:26 am

Saudia receives first Airbus A321XLR in MEA

Saudi Arabian Airlines (Saudia) has received its first long-range narrow-body Airbus A321XLR aircraft. This is the first time this model joins the Saudi fleet and the first in the Middle East and Africa region. The A321XLR features a narrow-body design with a long range of up to 8,700...

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Business & Money | Thursday 21 May, 2026 10:17 am

Ghaia Investment Holding and Chicago Global Introduce Parallax in Saudi Arabia as Market Volatility Stress Tests Institutional Decision-Making

In a market environment shaped by geopolitical uncertainty, energy-price volatility and rapid shifts in investor sentiment, Ghaia Investment Holding and Chicago Global are introducing Parallax in Saudi Arabia to help institutions form, review and govern investment decisions.  Investment...

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Business & Money | Thursday 21 May, 2026 9:59 am

SIIG shareholders approve buyback of up to 10M shares

Shareholders of Saudi Industrial Investment Group (SIIG) approved the repurchase of up to 10 million shares to retain as treasury shares during an extraordinary general meeting on May 20, according to a statement to Tadawul. The company said its board believes the current market price of the...

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Business & Money | Thursday 21 May, 2026 9:57 am

Arabian Pipes, Aramco sign SAR 48M contract

Arabian Pipes Co. signed a contract worth around SAR 48 million with Saudi Aramco on May 20 for the manufacturing and supply of steel pipes. In a statement on Tadawul, Arabian Pipes said the eight-month contract is expected to have a financial impact on Q4 2026 and Q1 2027 results. It...

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Business & Money | Thursday 21 May, 2026 8:22 am

Nominations open for the 2026 Almarai Prize for Scientific Creativity across national and international tracks

Almarai Prize for Scientific Creativity has opened nominations for the 2026 cycle, covering both the national Almarai Prize for Scientific Innovation and the international Almarai Prize, offered in strategic partnership with King Abdulaziz City for Science and Technology (KACST) and Almarai...

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Business & Money | Wednesday 20 May, 2026 11:08 am

FHS Saudi Arabia Pre-event feature: hospitality investment outlook

 Saudi Arabia is set to deliver 358,000 new hotel rooms to meet rising tourism demand and prepare for major upcoming global events, unleashing a wealth of hospitality investment opportunities in the Kingdom. Future Hospitality Summit (FHS) Saudi Arabia, taking place from 22-24 June at...

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Business & Money | Wednesday 20 May, 2026 11:00 am

AI to Add $15.7 Trillion to Global Economy by 2030 — But at a Rising Environmental Cost

Artificial intelligence is rapidly reshaping economies, industries, and everyday life at a pace few technologies have achieved before. It is accelerating medical research, improving access to education, strengthening logistics networks, helping cities predict infrastructure failures, and enabling...

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