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RIYADH: Saudi-listed Arabian Drilling Co. signed a five-year contract worth about SR3 billion ($800 million) with SLB Middle East to provide 11 land rigs for integrated gas drilling operations. The contract, signed Aug. 30, covers
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RIYADH: Dubai’s economy maintained its positive momentum in the first quarter of 2026, with the emirate’s gross domestic product reaching 232 billion Emirati dirhams ($63.1 billion), a 2.4 percent yearly increase. According to Dubai’s Department
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RIYADH: Saudi Arabia’s industrial production rebounded 3.2 percent in May from April, led by broad gains across mining, manufacturing and utilities, official data showed. Despite the monthly gain, industrial activity remained weaker than a year
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RIYADH: Saudi Arabia’s Business Confidence Index rose to 56.6 in June from 55.6 in May, marking a third consecutive monthly gain as confidence improved across the non-oil economy. The June reading, released by the General
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RIYADH: Housing finance market developer Saudi Real Estate Refinance Co. announced the pricing completion for its third issuance of international sukuk guaranteed by the government, with a total value of $2.75 billion. According to the
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RIYADH: Oil prices rose more than 1 percent on Thursday after the US carried out fresh strikes on Iran, denting hopes for talks to end their war and for the full reopening of the Strait
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LONDON: Saudi Arabia’s investment momentum across energy, healthcare and culture continues to grow, even as renewed tensions in Iran and the Arabian Gulf continue to cloud the regional outlook. That was the message from business
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LONDON: Investors should focus less on predicting geopolitical crises and more on building resilient, adaptable business models, experts said during a panel at the BMG Economic Forum at the London Stock Exchange. The session brought
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JEDDAH: Saudi Arabia’s central bank has approved Indian fintech firm TotalPay to operate as an e-commerce payment technical service provider, expanding the Kingdom’s fast-growing digital payments ecosystem. The approval from the Saudi Central Bank, or SAMA, allows TotalPay to launch operations in
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DUBAI: Deutsche Bank has secured a regional headquarters license in Saudi Arabia, giving the German lender access to major government and state-linked contracts as the Kingdom pushes multinational companies to expand their presence in Riyadh.
