Category: Economy

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.

The Saudi Central Bank (SAMA) has licensed Manasat Wasl Company for Communications and Information Technology to provide finance aggregation services.

The Saudi Stock Exchange main index closed at 10,811.57 points after losing 75.98 points, with total transactions reaching SAR5.6 billion.

The Transport General Authority signed an MoU with Hyundai Motor Company and Kia Corporation to develop smart city and future mobility solutions.

Three Power Purchase Agreements and two technical cooperation agreements were signed for 760 MW solar projects in Syria’s Widyan Al-Rabie area.

Saudi Arabia ranks third globally in Creation of Firms and fourth in Equal Opportunity in the 2026 IMD World Competitiveness Yearbook, driven by business reforms.

The Shour Dalni – Eastern Province 2026 forum begins August 25 in Dammam with over 100 experts participating.

The Transport General Authority has issued Executive Regulations for the commercial transportation of goods via motorcycles in Riyadh.

Terminal 1 at King Abdulaziz International Airport is the largest independent building in Saudi Arabia to receive LEED Gold certification.

The Riyadh Chamber has completed preparations for the 12th Riyadh Economic Forum, scheduled for October 12 to 14, 2026.

ZATCA urges VAT-registered businesses with annual supplies over SAR40 million to file August returns by September 30, 2026, via the ZATCA app to avoid penalties.

Farmers in Saudi Arabia’s Al-Ahsa Oasis celebrate the annual Date Harvest Season, a key agricultural and economic event supporting Vision 2030 goals.

HRH the Crown Prince launches CEER’s EXOBOT electric sedan and SUV, marking a milestone for Saudi Arabia’s Vision 2030 automotive ambitions and economic diversification.

The Riyadh Economic Forum completes preparations for its 12th edition, set for October 12-14, 2026, under royal patronage, advancing Vision 2030 economic goals.

Al Madinah Al Munawarah Chamber’s bulletin outlines AlUla’s agricultural investment opportunities, from citrus and moringa to honey, agritourism, and Vision 2030 growth.

An Austrian falconer highlights the International Falcon Breeding Farms Auction in Riyadh as a reliable market for global investors and breeders.

The International Falcon Breeders Auction in Malham provides a professional platform for global investors and falcon breeding farms until August 25.

PIF launches Tawrid, a digital supply-chain financing platform, with SAMA Sandbox approval, to boost Saudi private sector and SME liquidity.

The 12th Riyadh Economic Forum will review a study on knowledge transfer and organizational performance, supporting Saudi Vision 2030 goals for a productivity-driven economy.

Jazan produces 60 percent of Saudi mangoes and has invested over 600 million riyals in a tropical fruit and greenhouse project.

The Saudi Competitiveness and Business Center provided over 2.9 million services to economic enterprises in the first half of 2026.

The Saudi Competitiveness and Business Center provided over 2.9 million services to economic establishments in the first half of 2026.

Qassim Region ranks third in Saudi Arabia for date processing factories, with 25 facilities and SAR313 million in investments, boosting Vision 2030 goals.

The Istitlaa platform has launched 25 economic and development projects for public and private sector feedback in cooperation with 19 government agencies.

The Saudi Stock Exchange main index closed higher at 10,817.01 points with transactions totaling SAR3.2 billion.

The Saudi Stock Exchange main index closed at 10,817.01 points with trading value reaching 3.2 billion riyals.

Najran’s seasonal fodder cultivation covers 990 hectares, yielding 16,000 tons annually. Sustainable practices boost livestock and align with Saudi Vision 2030 goals.

The Saudi main stock index closed at 10,817.01 points with a trading value of 3.2 billion Saudi riyals.

SAUDIA ranked first globally for flight punctuality in July with an 87.24% on-time arrival rate across 16,406 flights.

The Ministry of Commerce fined a car agency 8.12 million riyals and banned its imports after 175 consumer rights violations.

French falcon farm owner Philippe Hertel participated for the sixth time in the International Falcon Breeders Auction in Riyadh.

Logistics at the Buraidah International Dates Carnival facilitate the export of Saudi dates to over 70 countries and 100 cities across the Kingdom.

Qassim’s date industry adopts standardized cartons, enhancing quality and market reach, aligning with Vision 2030 for economic diversification.

The Makkah Chamber and Human Resources Development Fund launch a specialized program to qualify Saudi nationals for retail sales jobs in the perfume sector, supporting Saudization and Vision 2030.

The Citizen Account program deposited 3 billion riyals for August support to more than 9.9 million beneficiaries and dependents.

The Human Resources Development Fund added 12 health professional certificates, raising the total approved certifications to 417 across various sectors.

A farm in Hail hosts over 30,000 moringa trees across 13 varieties, highlighting the plant’s suitability for dry environments.

The International Date Carnival in Buraidah uses air transport to export Saudi dates to more than 70 countries.

Riyadh will host the 10th Future Investment Initiative from October 26 to 29, 2026, under the theme Power of Legacy.

Riyadh will host the 10th Future Investment Initiative Conference from October 26 to 29, 2026, under the patronage of King Salman bin Abdulaziz Al Saud.

The 10th Future Investment Initiative will take place in Riyadh from October 26 to 29, 2026, under the theme Power of Legacy.

Saudi Arabia’s Roads General Authority has underscored the pivotal role of the national road network in supporting the healthcare sector and strengthening the pharmaceutical supply chain, highlighting that its collaboration with Nupco has accelerated the delivery of medicines and medical equipment across the Kingdom. The announcement, released through official Saudi channels, reflects the Kingdom’s integrated […]

Riyadh Air has launched direct flights to Manchester, operating three times a week as part of the Air Connectivity Program.

Saudi Deputy Minister of Finance Khaled Bawazier led the Kingdom’s delegation to the 76th GCC Finance Deputies Meeting, preparing for the 126th Ministerial Meeting.

Monsha’at concludes Legal Week in Riyadh with 50 entities and 3,500 visitors, raising legal awareness among SME owners in line with Saudi Vision 2030.

Riyadh, September 17, 2026 — The rapid transformation of Saudi Arabia’s financial sector demands a parallel evolution in professional skills and capabilities, according to Mana bin Mohammed Al-Khamsan, CEO of the Financial Academy. Speaking during a panel discussion titled “From Access to Agency: Financial Education as Infrastructure” at the Money20/20 Middle East conference in Riyadh, […]

SAMA held an Open Banking Forum on September 16, 2026, in Riyadh, bringing together bank leaders to review progress and set priorities for the ecosystem’s next stage.

Roselle cultivation in Jazan expands beyond beverages into food and natural products, with research from Estidamah and local initiatives creating new opportunities for farmers.

Monsha’at and STC Bank signed a cooperation agreement to provide SAR5 billion in Sharia-compliant financing for SMEs, supporting Saudi Vision 2030.

Wadi Jeddah presents its new strategy at the Saudi Industry Forum 2026, focusing on knowledge and technology investment to drive innovation and Vision 2030 goals.

The 2026 Unaizah International Dates Season concluded with a ceremony patronized by the Governor of Qassim Region, highlighting digital innovation and Vision 2030 alignment.

Second Saudi Industry Forum in Jeddah attracts 200+ exhibitors, 80+ speakers, 30+ workshops, boosting Vision 2030 industrial goals and global investment.

The Islamic Development Bank Institute received a patent from Singapore for an intelligent system designed to stabilize asset and commodity markets.

The tenth session of the Saudi-Egyptian Technical Committee for Maritime Transport and Ports concluded in Alexandria on August 6, 2026.

The tenth Future Investment Initiative forum will take place in Riyadh from October 26 to 29, 2026, under the patronage of King Salman bin Abdulaziz Al Saud.

The Saudi-Egyptian Technical Committee for Maritime Transport and Ports held its 10th session in Alexandria to discuss port integration and investment.

The Saudi Stock Exchange main index gained 28.57 points to close at 10,845.58 points with transactions totaling SAR5.2 billion.

Saudi Industry Forum 2026 in Jeddah concludes with agreements to localize technologies, boost industrial development, and advance Vision 2030 targets.

Tabuk Region’s 1,171,905 palm trees have produced 56,270 tons of dates.

The second Saudi Industry Forum in Jeddah featured a presentation on transforming innovative concepts into scalable ventures.

The 12th Riyadh Economic Forum will discuss a study on using smart agriculture to reduce water consumption by up to 50% and increase productivity by 30%.

The Tabuk Chamber hosted Canadian Ambassador Jean-Philippe Linteau to discuss expanding bilateral trade and investment, aligning with Saudi Vision 2030.

SAMA raises Repo rate to 4.50% and Reverse Repo to 4.00% to preserve monetary stability, aligning with Vision 2030 and global economic trends.

The Financial Market Innovation Hackathon concluded in Riyadh, showcasing 12 innovative ideas from 60 participants. Organized by the Financial Academy with the CMA and Sahm Finance, it supports Vision 2030.

Saudi Industry Forum 2026 in Jeddah concludes with presentations on innovation, entrepreneurship, and future city requirements, aligning with Vision 2030 goals.

Saudi Industry Forum 2026 session in Jeddah discusses strategies to enhance grain supply resilience and milling sector efficiency for food security.

Al-Butain Agricultural Cooperative Association enhances Qassim dates through downstream manufacturing, exporting over 2,400 tons to France, Russia, and Indonesia.

Hail Region Governor Prince Abdulaziz bin Saad bin Abdulaziz oversees the signing of a SAR70 million integrated gas plant contract, set to boost regional development and Vision 2030 goals.

The 12th Riyadh Economic Forum will examine smart agriculture technologies, including AI, to advance Saudi Arabia’s water and food security under Vision 2030.

Tabuk Region’s 1.17 million palm trees produce 56,270 tons of dates, boosting Saudi Arabia’s agricultural sector and Vision 2030 goals.

LCGPA signs three agreements at Riyadh Global Medical Biotechnology Summit 2026 to localize production of semaglutide, aflibercept, and ustekinumab, boosting GDP and jobs.

The Asharqia Chamber and the Bahrain Businessmen’s Association convened in Dammam on September 16, 2026, to explore joint investment and trade opportunities between Saudi Arabia and Bahrain. The meeting, held in the presence of Chamber Chairman Fahad Al-Faraj and a delegation from the Bahrain association led by Ahmed bin Hindi, focused on strengthening economic ties […]

MODON CEO Eng. Majed Al-Argoubi discusses industrial cities, investment opportunities, and Vision 2030 alignment at Saudi Industry Forum 2026 in Jeddah.

The main Saudi stock index rose 28.57 points to close at 10,845.58 points with a trading value of 5.2 billion riyals.

The Saudi-Egyptian Technical Committee for Maritime Transport and Ports concluded its 10th session in Alexandria on August 6.

The International Falcon Breeding Farm Auction in Riyadh has created new economic opportunities in veterinary services, transport, and sales.

The Federation of Saudi Chambers and the Bankruptcy Commission (Isar) signed an MoU to support an early warning initiative for private sector establishments.

Saudi EXIM Bank provided 27.67 billion riyals in credit facilities during H1 2026, a 17.20% increase from the same period in 2025.

Saudi EXIM Bank provided SAR27.67 billion in credit facilities during the first half of 2026, a 17.20% increase over the same period in 2025.

Sports Boulevard has signed contracts for a real estate investment fund exceeding SAR700 million to develop assets in Urban Wadi.

The Transport General Authority reported 38 million train passengers and 3.7 million tons of freight transported in Q2 2026.

Saudi trains transported over 38 million passengers and 3.7 million tons of goods and minerals in the second quarter of 2026.

The Federation of Saudi Chambers and ISAR signed an MoU to support an early warning initiative for private sector financial distress.

Second Saudi Industry Forum in Jeddah explores digital transformation and sustainable innovation to boost industrial efficiency and competitiveness under Vision 2030.

JIBEX 2026 in Jeddah showcases sustainable construction technologies and engineering solutions, supporting Saudi Vision 2030 urban development goals.

Air Arabia consortium announces launch of flights from King Fahd International Airport in Dammam on September 20, 2026, boosting Saudi aviation and Vision 2030 goals.

Eng. Khalid Al-Othman reviewed the roadmap for a sustainable and competitive Saudi industrial sector at the Saudi Industry Forum 2026 in Jeddah.

Saudi EXIM provided 27.67 billion SAR in credit facilities in the first half of 2026, a 17.20% increase over the same period in 2025.

Eng. Khalid Al-Othman unveils a roadmap for a sustainable Saudi industrial sector at the Saudi Industry Forum 2026, aligning with Vision 2030 goals.

The 12th Riyadh Economic Forum will discuss a study on the role of legislation and public policies in achieving sustainable development in Saudi Arabia.

The National Debt Management Center closed a SAR 1.640 billion Sukuk issuance divided into six tranches.

The General Authority for Competition highlighted how competition policies empower the industrial sector during the Saudi Industry Forum in Jeddah.

Saudi Industry Forum 2026 in Jeddah discusses localizing automotive industry and discrete manufacturing to diversify economy and support Vision 2030.

The General Authority for Competition highlights how competition policies empower Saudi industry at SIF 2026, boosting innovation, efficiency, and Vision 2030 goals.