Al-Futtaim BYD KSA, the official distributor of BYD, a global tech leader and pioneer in New Energy Vehicles (NEVs), has announced the launch of the all-new BYD Ti 7 in the Kingdom. The introduction of the Ti 7 marks the brand’s 12th model in Saudi Arabia, underscoring its continued expansion and commitment to delivering advanced,…

ALBAWABA - As the Iran-US war drags on and prices go up, 27 countries ask for crisis funds from the World Bank according to an internal document viewed by Reuters...

With people increasingly adopting AI to help plan their vacations, hotels are working to make sure that you check them out -- and check in. Whether using ChatGPT or AI-enabled travel sites like Layla.ai, it…

(MENAFN - Khaleej Times) Alec Holdings announced that its subsidiary, Alec Engineering and Contracting LLC-SPC, has secured the main construction contract for –Sphere Abu Dhabi–, one of the UAE ...

MINA — The Ministry of Commerce announced that more than 243 million essential goods have been supplied to markets and retail outlets across Makkah and the holy sites since the beginning of Dhul Hijjah. The ministry is keen on ensuring an abundant supply of vital commodities, including bread, bottled water, dairy products, and ice, and…

RIYADH: Jordan’s local revenues increased 1.6 percent year on year to 2.19 billion Jordanian dinars ($3.08 billion) in the three months to the end of March, mainly driven by higher non-tax revenues, despite regional challenges. According to the country’s Ministry of Finance, non-tax revenues increased by 53.5 million dinars annually in the first quarter of 2026…

(MENAFN - GlobeNewsWire - Nasdaq) DHAHRAN, Saudi Arabia, May 18, 2026 (GLOBE NEWSWIRE) -- Aramco, one of the world's leading energy and chemicals companies, in partnership with Pasqal, a global ...

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RIYADH — Saudi Arabia’s Capital Market Authority announced the issuance of a final ruling against 11 former board and audit committee members of Middle East Healthcare Company over violations related to manipulation of the company’s financial statements between 2018 and 2021.The ruling was issued by the Appeal Committee for the Resolution of Securities Disputes and…

ALBAWABA- India and Canada are set to accelerate negotiations on a comprehensive trade pact as both sides prepare for intensive talks aimed at fast-tracking a proposed Comprehensive Economic Partnership Agreement (CEPA), officials said...

Financial Advisor to the Iraqi Prime Minister Mazhar Mohammed Saleh revealed on Saturday that Iraq has not yet submitted a formal request for a loan from the International Monetary Fund (IMF). The Iraqi News Agency…

(MENAFN - Straits Research) AR in Agriculture Market Size The ar in agriculture market sizewas valued at 3.2 million in 2025 and is projected to grow from 4.39 million in 2026 to USD 55.17 million ...

RIYADH — Moody's has affirmed Saudi Arabia’s sovereign credit rating at “Aa3” with a stable outlook, citing the Kingdom’s strong economy, vast oil wealth and continued progress under Vision 2030 reforms.The agency said on Friday the rating reflects the resilience of the Saudi economy, supported by its large hydrocarbon resources and strong competitive position in…

RIYADH: Dubai approved a new 1.5 billion dirham ($410 million) economic support package aimed at easing costs for businesses and strengthening the emirate’s economic resilience amid global uncertainty.  The latest package, approved by Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, includes 33 initiatives spanning tourism, trade, education, transport and customs…

(MENAFN - Golin Mena) The partnership reflects SADAFCO–s commitment to enhancing the experience of the Guests of God and supporting the Kingdom–s efforts to deliver high-quality services during the ...

DSV, the global transport and logistics leader, and Arcapita Group Holdings Limited (“Arcapita”), the global alternative investment firm, through its real estate development platform, Lintara Properties, announce the completion of a new, state-of-the-art 30,000-square-metre build-to-suit logistics warehouse at Dubai’s Jebel Ali Free Zone (JAFZA). The new facility is a clear signal of DSV’s long-term commitment…

ALBAWABA - Chinese AI firm DeepSeek has struck a blow for the AI space with a permanent 75% discount on its flagship V4-Pro product...

Lebanon's unresolved financial and monetary issues continue to generate new and pressing obligations for the executive, legislative and monetary authorities. Although they have been partially overshadowed by the storm of war and its devastating human,…

Saudi Arabia’s Capital Market Authority (CMA) said an appeals committee had issued a final decision convicting 11 board members and audit committee members at Middle East Healthcare Company, owner of Saudi German Health hospitals, over violations of the Capital Market Law and Market Conduct Regulations linked to inflated revenues and misleading financial statements. The CMA…

RIYADH — The construction cost index in Saudi Arabia rose by 2.4 percent in April 2026 compared to the same month of the previous year. This increase is primarily attributed to a 2.4 percent rise in construction costs for the residential sector and a 2.7 percent increase in costs for the non-residential sector, according to…

RIYADH: Saudi Arabia’s benchmark Tadawul All Share Index ended the week higher, gaining 41.98 points, or 0.38 percent, to finish at 11,027.54. The MSCI Tadawul 30 Index advanced 6.28 points, or 0.43 percent, to 1,475.62, while the parallel market Nomu rose 0.55 percent to close at 22,905.50. A total of 372.87 million shares were traded…

(MENAFN - Manara Global) Riyadh, Saudi Arabia, 18 May 2026 – London Business School (LBS) hosted its 23rd Annual MENA Conference at the School–s London campus. The conference is a landmark gathering ...

•stc group has completed preparations for Hajj 1447 AH, with a comprehensive plan to enhance network efficiency and expand coverage across Makkah and Madinah.•The readiness plan includes more than 450 outdoor network expansions deployed along the pilgrimage route to ensure seamless connectivity for pilgrims. stc group, Saudi Arabia’s leading digital enabler, has completed its preparations…

ALBAWABA - A fresh review of satellite images has shown a record number of oil tankers circling Iran’s Kharg Island, underscoring mounting pressure on the country’s energy industry as curbs on its oil exports persist...

The Saudi Ports Authority (Mawani) has added CMA CGM's Ocean Rise Express (OCR) shipping service to Jeddah Islamic Port, aiming to strengthen maritime connectivity between Saudi Arabia and global markets, support the smooth flow of…

The Saudi Ports Authority (Mawani) has launched a new cargo shipping service linking Jeddah Islamic Port with Salalah in Oman and the Port of Djibouti, as the Kingdom accelerates efforts to strengthen maritime connectivity and position itself as a regional logistics hub. According to Saudi state television, the service has a carrying capacity of up…

RIYADH — Saudi Arabia’s non-oil exports, including re-exports, jumped by 21.5 percent in March 2026 compared to the same month in 2025, while national non-oil exports, excluding re-exports, declined by 27 percent. According to the data released by the General Authority for Statistics (GASTAT), the total value of merchandise trade reached SR173 billion in March…

BEIJING/SINGAPORE: Oil prices gained more than 1 percent on ​Thursday, paring previous losses as investors monitored peace talks between the US and Iran, while ‌supply tightness and US inventory drawdowns provided some support. Brent crude futures rose $1.27, or 1.21 percent, to $106.29 a barrel by 09:18 a.m. Saudi time, and US West Texas Intermediate…

(MENAFN - GlobeNewsWire - Nasdaq) The world-class Saudi carrier launches with FLYR's Offer & Order platform that enables a fundamentally new and customer-centric way to shop, book, and manage ...

Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, has signed a SR6.4 billion bilateral financing agreement with AlBawani, one of the companies in which the Public Investment Fund (PIF) ultimately holds a stake. AlBawani stands among the major integrated national entities whose operations span across the sectors of…

ALBAWABA - NASA recently took the internet by storm after taking to social media to announce that it is building a new base on the moon that will serve as a habitat for long-term "science missions...

European Union countries will face large bills for defense, energy and pensions in the next 15 years, the International Monetary Fund told EU finance ministers on Saturday, suggesting a mix of reforms, consolidation and joint…

(MENAFN - Straits Research) Dermal Fillers Market Size and Growth Analysis The dermal fillers market size was valued at USD 6.10 billion in 2025 and is projected to grow from USD 6.54 billion in ...

RIYADH — The Sports Boulevard Foundation has appointed OVG Middle East as the operating partner for the Global Sports Tower, marking a strategic step toward delivering one of Riyadh’s most ambitious sports and lifestyle destinations. In a statement issued Monday, the foundation said the partnership aims to ensure operational excellence and long-term commercial sustainability for…

RIYADH: Saudi Arabia’s Construction Cost Index rose 2.4 percent year on year in April, driven by higher equipment rental and labor costs, with both residential and non-residential sectors recording increases, official data showed.  According to the General Authority for Statistics, residential construction costs climbed 2.4 percent annually, while the non-residential sector witnessed a price rise…

(MENAFN - The Arabian Post) clearfix">Arabian Post Staff -DubaiSeveral airports operated by Cluster2 Airports have secured higher carbon accreditation from Airports Council International, placing ...

The CEO of Jeddah Airports Company Eng. Mazen bin Mohammed Johar held a strategic meeting with the CEO of Singapore’s Surbana Jurong Group Sean Chiao to discuss ways to strengthen cooperation and expand bilateral partnership opportunities, in line with the ambitious expansion and development plans being pursued by Jeddah Airports for the future. Through this…

Every time you open an app, tap a screen, or simply carry your phone from one side of the city to the other, data is being generated...

The credit rating agency Moody’s has affirmed Saudi Arabia’s credit rating at “Aa3” with a “stable” outlook. The agency said Friday that the affirmation at Aa3 reflects Saudi Arabia’s large and wealthy economy, supported by…

(MENAFN - Straits Research) Aerospace Engineering Services Outsourcing Market Size Analysis The global aerospace engineering services outsourcing market size was valued at USD 187.37 billion in 2025 ...

RIYADH — The United Kingdom and the Gulf Cooperation Council have concluded negotiations on a major Free Trade Agreement aimed at strengthening trade, investment and economic cooperation between Britain and Gulf states, including Saudi Arabia. Announced on Tuesday, the agreement marks the first trade deal between the GCC and a G7 country and is expected…

ALKHOBAR: Every year during Hajj, millions of pilgrims converge within a tightly concentrated geographic area over the span of just a few days, creating one of the most complex and demanding connectivity environments in the world. Unlike most large-scale global gatherings, Hajj combines extraordinary population density with highly synchronized movement patterns, generating intense and constantly…

ALBAWABA - The latest in what seems to be an endless blood feud, Apple fans seethe as Samsung gains the upper-hand in top customer satisfaction for cell phones according to the American Customer Satisfaction Index (ACSI) published this week...

US apparel brand ‌Everlane said on Friday it had reached an agreement to be acquired by online retailer Shein, giving the fast-fashion company ownership of a brand known for sustainability and supply-chain transparency. Everlane will…

(MENAFN - Mid-East Info) EDECS group,, a leading EPC contractor in the MEA region, has been awarded the Construction of the Dry Port and Veterinary Quarantine at the Economic Zone in Al Dhahirah ...

RIYADH — Saudi Arabia’s non-oil trade surplus with the Gulf Cooperation Council (GCC) countries reached SR4.47 billion in February 2026, representing a 7 percent increase compared to the same period in 2025.According to the data released by the General Authority for Statistics (GASTAT), total Saudi non-oil merchandise exports and re-exports to the GCC countries rose…

RIYADH: Qatar Investment Authority and Spain’s state-owned COFIDES have agreed to establish a €300 million ($327 million) joint investment fund targeting strategic projects across the European country, with a focus on green transition, digital transformation, and technological innovation. In a statement, QIA described the launch of this joint venture as a significant milestone in the…

ALBAWABA - It is known that the F-35 fighter jet is one of the most developed combat aircraft these days, but an even more advanced successor, the F-47, is already on the horizon...