Browsing: Business

SAB Invest, the investment arm of Saudi Awwal Bank (SAB), and Retal Urban Development Company today announced the launch of the Real Estate Fund – a SAR1.9 billion CMA-regulated real estate investment fund. In a statement, the company said the fund is structured to optimize capital efficiency and risk management, with SAB committing financing of up to 50% of the total investment value. This commitment reflects the strength of the underlying asset and the confidence of the partners in the project’s long-term potential.

Austin, June 03, 2026, SPA — The Saudi national football team continued its preparations for the FIFA World Cup 2026™ on Tuesday evening at its camp in Austin as part of the fourth and final phase of its preparation program. The players conducted their training session under the supervision of head coach Giorgos Donis. The session began with warm-up exercises, followed by possession drills and tactical work, before concluding with set-piece training. The Saudi team will resume training on Wednesday as preparations continue for the tournament.

The Affiliate Leaders Summit will take its next major step in 2026, evolving into a standalone global event dedicated entirely to affiliate…

The acquisition accelerates deployment of dialect-aware, low-latency Arabic voice agents built for enterprise and public sector use across the UAE…

SBC Summit has overhauled its ticketing structure with the introduction of five dedicated pass categories, while Affiliate Leaders Summit will now operate as…

Makkah, June 01, 2026, SPA — The Royal Commission for Makkah City and Holy Sites announced the awarding of six development sites under the Developed Districts Program, covering a total area of more than 2.7 million square meters and representing investments valued at SAR13.3 billion. The initiative is part of the commission’s efforts to enhance the urban environment, support economic growth, improve the quality of life, and advance sustainable development in the Holy City. The commission stated that the awarded sites are located in the neighborhoods of Jurhum South, Al-Khalidiyah, Al-Hajlah, Al-Hindawiyah East, Al-Hindawiyah South,

Limassol, May 29, 2026, SPA — Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met yesterday with Minister for Europe and Foreign Affairs of the French Republic Jean-Noël Barrot on the sidelines of the Informal Meeting of EU Foreign Ministers held in Limassol, Republic of Cyprus. The two officials reviewed relations between the two countries and ways to strengthen them in the service of common interests. They also discussed regional and international developments and their implications for security and stability.

Madinah, May 31, 2026, SPA — Madinah Central Dates Market in Food City witnessed heightened economic activity amid the influx of pilgrims before and after Hajj, with strong demand for various date varieties contributing to increased commercial activity. A report issued by Madinah branch of the Ministry of Environment, Water and Agriculture stated that the market recorded sales of 724,381 kilograms of dates over the past 20 days, with a total value approaching SAR12 million. Transactions were conducted through 20 auction lanes, including air-conditioned lanes inside the main hall, in addition to retail outlets. According to the report,

Global EDM icon Tiësto will headline the third edition of INFINITY Lisbon, closing SBC Summit 2026 with a standout performance at the MEO Arena. With a…

Mina, May 30, 2026, SPA — The Ministry of Municipalities and Housing, represented by the Holy Makkah Municipality, conducted over 38,000 field inspection tours during the 1447 AH Hajj season to maintain high compliance levels and preserve the quality of municipal services provided to pilgrims across Makkah and the holy sites. The ministry stated that the field inspections targeted health and commercial establishments, catering kitchens, food outlets, and various seasonal service sites related to the Hajj to guarantee the highest standards of health, safety, and service quality for all pilgrims.