Category: Economy

The Eastern Region Municipality has launched over 636 investment opportunities in 2026 across 11.32 million square meters, boosting Saudi Arabia’s economic diversification.

CIBAFI and BIBF organize a virtual training program on Islamic wealth management in the AI era, focusing on Sharia-compliant strategies and Vision 2030 alignment.

Ministry of Environment, Water and Agriculture announces five initiatives boosting poultry production to 1.4 million tons, achieving 80% self-sufficiency in meat and 100% in eggs.

MANAMA, October 6, 2026 — The Gulf Cooperation Council (GCC) has approved five joint industrial investment opportunities under an ambitious project designed to identify 20 such ventures across member states, GCC Secretary-General Jasem Albudaiwi announced Tuesday at the inaugural “Made in GCC 2026” Forum and Exhibition in Bahrain. The announcement was made at Exhibition World […]

IsDB Group Chairman Dr. Muhammad Al-Jasser met Brunei’s Religious Affairs Minister to discuss sustainable Islamic finance, Sukuk, and endowment development under the new Country Engagement Framework.

The sixth Consultative Forum of Regional Cooperation Organizations in the OIC region opens in Casablanca, focusing on trade, economic integration, and Vision 2030 alignment.

Aramco CEO Amin H. Nasser calls for global coordination to strengthen energy sector resilience at the Energy Intelligence Forum 2026 in London, highlighting oil and gas importance.

Riyadh Holding Company launches Marafid to develop economic infrastructure in Riyadh, focusing on logistics, industrial clusters, and the circular economy.

GCC Secretary-General Jasem Albudaiwi outlines efforts to diversify energy export outlets and ensure supply chain continuity at the 37th Petroleum Cooperation Committee meeting.

Cityscape Global 2026 in Riyadh will examine how architecture enhances quality of life, with ROSHN, Diriyah, KAFD, and global experts showcasing integrated design.

A Qassim experiment turns Saudi dates into ice cream, adding value to the national crop and creating opportunities for small businesses and Vision 2030 goals.

The Hail branch of the Ministry of Environment, Water and Agriculture wrapped up its seasonal agricultural products festival, featuring 25 farmers and supporting local food production.

King Fahd Industrial Port in Yanbu handled 2,494 TEUs in September 2026, including 1,494 TEUs of SABIC exports, via the Red Sea Express service.

Saudi Arabia chairs the 6th IMFC Deputies Meeting, discussing global economic challenges and preparing for the 2026 IMF-World Bank Annual Meetings in Bangkok.

AlUla farmers reach global markets through the AlUla Dates Season, showcasing Saudi Arabia’s leading role in date exports and agricultural heritage.

The Agricultural Development Fund participates in the fifth Middle East Poultry Expo in Riyadh, showcasing financing solutions to boost food security and Vision 2030 goals.

Middle East Poultry Expo 2026 in Riyadh opens with 27 agreements worth over SAR2.574 billion, boosting food security and Vision 2030 goals.

Riyadh Economic Forum unveils five new studies supporting Saudi decision-making and comprehensive development, from Expo 2030 to smart agriculture and Vision 2030.

Saudi Arabia turns date pits into caffeine-free coffee, oils, and hair care products, advancing Vision 2030 sustainability and economic diversification.

Saudi-led Joint Ministerial Monitoring Committee holds 68th meeting, reviewing oil market conditions, production conformity, and threats to energy security.

Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to oil market stability, maintaining production levels for November 2026.

Saudi Ministry of Energy awards Natural Gas Distribution Company the license to build and operate a gas network in Al-Kharj Industrial City, advancing Vision 2030.

Farmers in Qassim enter the Al-Jidad season, the final stage of the annual date harvest, marking the end of a year of care and the start of marketing preparations.

Saudi Minister Abdulrahman Alfadley patronizes the 5th Middle East Poultry Expo 2026 in Riyadh, featuring 400 companies from 45 countries and over 16,000 professionals.

The Qassim Fruits Festival in Al-Shihiyah Center showcases pomegranates and local produce for 10 days, supporting farmers and Saudi Arabia’s Vision 2030 goals.

Saudi Arabia tops global date exports for a fourth year with SAR1.938 billion in 2025, reaching 125 countries and advancing Vision 2030 diversification goals.

Saudi Finance Minister Mohammed Aljadaan headed the Kingdom’s delegation at the 126th GCC Financial and Economic Cooperation Committee meeting in Bahrain on October 1, 2026.

Jeddah Chamber received nine German energy companies to discuss renewable energy partnerships, knowledge transfer, and trade exchange under Saudi Vision 2030.

Unaizah Governor Saad Al-Saleem honors security agencies, government bodies, and teams at the close of the Unaizah International Dates Season, celebrating its success.

Aseer Region celebrates International Coffee Day, showcasing over 243,000 productive coffee trees and a heritage crop turning into a Vision 2030 economic driver.

Saudi Eksab, IDB Invest, and IDC Network launch the Saudi Eksab, IDC Impact Fund to support private sector growth in Central America and the Caribbean.

Saudifood Show and Saudifood Manufacturing 2026 in Jeddah attracted over 28,000 professionals and 1,000 exhibitors from 95 countries, advancing Vision 2030 food security goals.

Saudi Arabia and the EU held a virtual technical meeting to address trade barriers and improve market access, with bilateral trade reaching $84.2 billion in 2025.

Saudi-Portuguese Partnership and Investment Forum opens in Al-Khobar, showcasing SAR30 billion in municipal investments and boosting Vision 2030 economic ties.

Saudi Arabia’s Ministry of Environment, Water and Agriculture announces five investment opportunities in nurseries, greenhouses, and fruit tree cultivation across Makkah Region governorates.

GCC Secretary-General Jasem Albudaiwi says the IMF commended the resilience of GCC economies amid global uncertainty, highlighting fiscal stability and Vision 2030 alignment.

The Financial Academy and Bloomberg launch the Bloomberg Finance Lab and Finance Pathways program in Riyadh, boosting Saudi financial talent and Vision 2030 goals.

Jazan’s coffee sector boasts over one million trees and 650 tons annual yield, blending centuries of heritage with Vision 2030 economic growth.

Saudi Ministry of Commerce carried out over 58,000 inspection rounds nationwide in September, ensuring market fairness, price transparency, and consumer protection.

Saudi Ministry of Environment announces a major investment opportunity to develop a tropical fruit city in Jazan, covering over 20.2 million square meters, to boost food security and Vision 2030 goals.

Saudi Quality Mark enhances consumer protection as licensed products reach 456,410 by July 2026, up from 422,713 at end of 2025, SASO confirms.

Riyadh Economic Forum’s 12th session will examine a study on maximizing economic and social returns from Saudi Arabia hosting Expo 2030 and the World Cup 2034.

Saudi Arabia’s Istitlaa platform opens public feedback on 31 economic and development projects from 19 government entities, including CMA and transport drafts.

Saudi Arabia’s dates sector highlighted at Tunis workshop, showcasing 1.9 million tons production, SAR1.938 billion exports, and global reach to 125 countries.

Najran prepares for coffee harvest with 100,000 trees and over 15 tons of pure coffee, supported by Ministry initiatives aligning with Vision 2030 goals.

The Riyadh Economic Forum’s 12th edition will address traffic congestion in Riyadh, Jeddah, and Dammam through a dedicated study on economic, social, and environmental impacts.

Al-Baha Region marks International Coffee Day with over 450 farms, 115,000 trees, and a SAR16 million processing plant, advancing Saudi coffee and Vision 2030 goals.

The International Dates Council, led by Saudi Arabia, held a two-day workshop in Tunis to boost global date marketing, standards, and access to new export markets.

Saudi Arabia marks International Coffee Day 2026, highlighting coffee heritage in Jazan, Aseer and Al-Baha and the Saudi Coffee Company’s sector expansion.

Saudi Ministry of Finance announces FY2027 Pre-Budget Statement with SAR1,392 billion expenditures, SAR1,202 billion revenues, and a 3.6% deficit, supporting Vision 2030.

Saudi Ministry of Commerce reports translation activity registrations rose 20% to 7,964, led by Riyadh with 3,031, highlighting growth in professional services under Vision 2030.

Saudi Arabia assumes the presidency of the Union of Arab Chambers for 2026, represented by Abdullah Saleh Kamel, advancing Arab economic integration and Vision 2030.

Saudi Arabia’s National Development Fund and Italy’s Cassa Depositi e Prestiti sign MoU in Riyadh to strengthen development finance and investment cooperation.

The Islamic Development Bank Board approves $938 million in financing for energy, agriculture, health, transport, and water projects across six member countries.

Saudifood Show 2026 and Saudifood Manufacturing 2026 conclude at Jeddah Superdome with over 1,000 exhibitors from 95+ countries and 12,000 business meetings.

RUA AlHaram AlMakki and Rua Al Madinah sign strategic agreements with Brunei’s TAIB to boost investment in Makkah and Madinah, supporting Saudi Vision 2030.

The United States hosted its first official American Pavilion at the Saudi Food Show in Jeddah, showcasing beef, rice, and specialty foods to Saudi importers.

Saudi Minister of Finance Mohammed Aljadaan concluded his participation in the 11th AIIB Annual Meeting in Doha, emphasising development impact and partnerships.

Saudi Minister of Commerce Majid Al-Kassabi will lead the Kingdom’s delegation to the G20 Trade Ministers Meeting in Milwaukee, focusing on global trade priorities.

Gold prices edged higher on September 29, 2026, with spot gold up 0.4% to $4,131.10 per ounce after a 4% drop, per official Saudi Press Agency data.

RUA AlHaram AlMakki and Malaysia’s MRCB sign a SAR21 billion cooperation agreement to study a transport-oriented mixed-use destination within King Salman Gate in Makkah.

Saudi Food Show and SaudiFood Manufacturing 2026 at Jeddah Superdome attract visitors alongside Arabian Gulf Cup, featuring 37 Italian companies and MODON partnership.

Saudi Arabia’s Roads General Authority highlights how the advanced road network enhances logistics efficiency and supports food security through private sector cooperation.

The Saudi Banks Media and Awareness Committee launches a national campaign to boost financial awareness among startup and SME owners across the Kingdom.

Saudi Arabia’s Ministry of Environment, Water and Agriculture approves regulatory controls for camel trading, covering sales, welfare, contracts, and Vision 2030 goals.

A CST delegation led by Eng. Omar AlRejraje participated in the MWC 2025 in Barcelona from March 3 to 6.

IsDB Group Chairman Dr. Muhammad Al Jasser met Algeria’s Finance Minister in Doha to strengthen strategic partnership and accelerate the 2025–2027 development framework.

Minister Saleh Al-Jasser inaugurated an integrated transit cargo inspection center at King Abdulaziz International Airport in Jeddah.

The Saudi Stock Exchange main index closed at 11811.11 points with a total trading value of SAR7 billion.

Saudi Arabia produced over 270,000 tons of red meat in 2023, achieving a 61% self-sufficiency rate.

The fourth Dates Festival opens in Al-Rawdah, Hail Region, showcasing local dates and agricultural products, supporting farmers and Vision 2030 goals.

Saudifood Show and Saudifood Manufacturing 2026 open in Jeddah with broad international participation, highlighting Saudi-Italian trade and Vision 2030 goals.

Saudi CMA seeks public feedback on draft rules for dealing in financial markets outside the Kingdom; consultation ends 27 Oct 2026, rules effective 1 Nov 2026.

The International Dates Council will hold a workshop in Tunisia on September 30-October 1, 2026, focusing on global marketing, promotion, and export growth for dates.

The Saudi Competitiveness and Business Center’s Istitlaa platform is enhancing the Kingdom’s business legislative environment through public consultation.

Qassim’s palm and date residues offer investment and manufacturing opportunities, from handicrafts to fertilizers, feed, and bioenergy, official SPA report says.

Riyadh Economic Forum’s 12th edition, under King Salman’s patronage, builds on 57 studies and 384 recommendations to boost Saudi economic efficiency and Vision 2030.

Japanese stock indexes closed higher on March 06, 2025, with the Nikkei index reaching 37,704.93 points.

The Islamic Development Bank received the DFI of the Year 2025 Award during the 9th annual Istanbul Public Private Partnership Week in Türkiye.

SME Bank launches the second phase of its agency model with a SAR 240 million financing target for 2025.

Saudi Arabia’s non-profit sector has exceeded SAR 100 billion in economic contribution, accounting for 3.3% of the GDP.

The Saudi Stock Exchange Main Index (TASI) closed lower at 11,898.86 points with a trading value of SAR 5.6 billion.

ZATCA requires establishments subject to withholding tax to submit February forms by March 10 to avoid late payment penalties.

The Japanese Nikkei index closed at 37,418.24 points, while the TOPIX index rose to 2,718.21 points.

Saudi Electricity Company reported 2024 operating revenues of SAR88.7 billion, an 18% increase from the previous year.

Dr. Muhammad Al-Jasser, IsDB President, will attend the 2026 AIIB Annual Meeting in Doha on September 28-29, focusing on climate finance and development.

TASI closed lower at 11,931.70 points with a total trading value of SAR 6.4 billion.

Tarshid launches a solar PV project at Qassim University with a 5,137 kW capacity to save 8.6 million kWh of energy annually.

Jeddah hosts the SaudiFood Manufacturing Exhibition 2026 from September 27-29, showcasing Saudi Arabia’s expanding food manufacturing market and Vision 2030 industrial growth.

Saudi Aramco reported a 2024 net income of $106.2 billion and expects total dividends of $85.4 billion in 2025.

Buraidah Food City utilizes a 54,000-square-meter facility to market and distribute agricultural products across Saudi Arabia.

The fourth Saudi Fashiontex Expo opens in Jeddah with over 550 companies from 24 countries, showcasing fashion, textiles, and Vision 2030 economic diversification.

Makkah’s urban renaissance harmonizes sacred heritage with modern infrastructure, transforming the holy city into a year-round economic hub under Saudi Vision 2030.

Saudi Red Sea Authority and Tahaluf sign MoU to support the Red Sea Yacht Show in 2027, promoting investment in yachting, marinas, and marine services.

Spot gold rose 1% to $4,285.69 per ounce, reaching its highest level since June 18 due to a weaker US dollar and declining US Treasury yields.

ZATCA urges establishments to submit July 2026 withholding tax forms by August 10 to avoid late-payment penalties.

Sela and ICON Saudi sign MoU at Monaco Yacht Show 2026 to develop a luxury yacht maintenance facility in Jeddah, boosting Red Sea marine tourism and Vision 2030 goals.

GCC Secretary-General Jasem Albudaiwi warns regional crisis impacts Europe and global economies, calls for GCC-EU cooperation on food security and supply chains.

Asian stocks fell, led by Korea’s KOSPI Index dropping more than 4% and Japan’s Nikkei 225 falling 1.2% due to semiconductor share pressure.

The Nikkei 225 rose 0.76% to 65,513.99 points while the TOPIX fell 0.39% to 4,075.3 points as Japanese stocks closed mixed.