Browsing: Business

Jeddah, January 22, 2026, SPA – In Islamabad, the Islamic Development Bank (IsDB) signed three financing agreements with the government of Pakistan, with a total value of $603.4 million. The agreements were signed by IsDB Vice President for Operations Dr. Rami Ahmad, in the presence of Federal Minister for Economic Affairs Ahad Khan Cheema and several other officials. The first agreement, valued at $118.4 million, will enable 68,500 households to improve their livelihoods by contributing significantly to job creation and human capital development. The second agreement finances the M6 Motorway project for $475 million, covering 120.8 km

Riyadh, January 22, 2026, SPA — Riyadh Air, Saudi Arabia’s new national carrier, officially entered the global air cargo market with the launch of its new service, “Riyadh Cargo,” activating freight operations through the belly-hold capacity of its aircraft fleet. The move enables the transport of goods efficiently and reliably across international markets, leveraging a fleet of more than 120 widebody aircraft currently on order, the airline said. The launch of Riyadh Cargo reflects a measured, phased approach to building a fully integrated, scalable cargo business operating from its main hub in the Saudi capital.

Davos, January 22, 2026, SPA — On the sidelines of the World Economic Forum 2026 in Davos, Switzerland, a cooperation agreement was signed to enhance the Kingdom’s industrial transformation pathways. The agreement was signed by Minister of Industry and Mineral Resources Bandar Alkhorayef and World Economic Forum President and Chief Executive Officer Borge Brende, with the attendance of Minister of Foreign Affairs and head of the Saudi delegation to the annual meeting Prince Faisal bin Farhan bin Abdullah. The agreement focuses on developing a scalable, structured model for industrial transformation in the Kingdom by building capabil

Beauty lovers are taking a nostalgic scroll down memory lane — and we’re here for it! The viral “2016 vs 2026 makeup” trend has taken over social feeds, spotlighting just how much our beauty routines (and brow philosophies) have evolved over the last decade. At Benefit Cosmetics, we love seeing how makeup trends shift — and how our iconic products continue to adapt to every era, every face, and every vibe. 2016 Makeup: Bold, Sculpted & Unapologetic In 2016, makeup was unapologetically bold. Brows were structured, cheekbones were sculpted, and glow was anything but subtle — and Benefit was right at

Van Cleef & Arpels presents Poetry of Time, a public exhibition exploring the Maison’s poetic interpretation of time through its most emblematic watchmaking creations. Hosted at Bujairi Terrace, Diriyah, Riyadh, the exhibition invites visitors into an immersive environment inspired by Van Cleef & Arpels’ cherished sources of inspiration: love, nature, astronomy, couture, fairies and ballerinas. True to its poetic vision of life, Van Cleef & Arpels instills a distinctive dimension into the art of watchmaking, that of dreams and emotions. At the crossroads of inventiveness and fantasy, the Maison interprets the measurement of

Saudi is rapidly transforming into a global powerhouse for sports. Football is seeing a renaissance in the country, but beneath the dazzling headlines lies a deep, multi-generational passion for the beautiful game. That passion is now being amplified by an unprecedented wave of focus on football locally, nationally, and internationally. The clearest sign of this ambition is Saudi’s successful bid to host the FIFA World Cup 2034. This monumental undertaking involves developing cutting-edge infrastructure, from state-of-the-art stadiums to expansive fan zones and advanced transport networks; all meticulously planned to deliver an unpar

Riyadh, January 21, 2026, SPA — Chairman of the Board of Directors of Riyadh Chamber Abdallah Al-Obeikan received a delegation from the Amman Chamber of Commerce, headed by its chairman, Khalil Mohammad Al-Haj Tawfiq. The reception was also attended by Jordan’s Ambassador to Saudi Arabia Dr. Haitham Abu Al-Foul, as well as Riyadh Chamber board members and prominent business figures. The meeting reviewed ways to enhance trade and investment cooperation between the business sectors of Saudi Arabia and Jordan. Discussions focused on mechanisms to develop bilateral trade and expand economic partnership, with an emphasis on leveraging avai

Riyadh, January 21, 2026, SPA — The Esports World Cup Foundation, the global non-profit organization behind the Esports World Cup, announced a record prize pool of $75 million for the Esports World Cup 2026, which will be hosted in Riyadh from July 6 to August 23. The tournament is the largest esports tournament in the world, featuring over 2,000 professional players representing more than 200 clubs from about 100 countries, competing in 25 championships across 24 global games. The Esports World Cup Foundation’s Chief Executive Officer Ralf Reichert confirmed that the record prize pool aims to support players and clubs and to trans

Madinah, January 21, 2026, SPA — The Khair Al-Khalq (Best of Creation) Museum in Madinah offers visitors a unique journey through the events of the Noble Prophetic Biography, bringing history to life through interactive experiences. The journey begins in the reception area, before visitors proceed through seven stations illustrating key stages of the Prophet’s life: his blessed birth, his life in Makkah before the revelation, the noble Hijrah, the arrival of the migrant caravan in Madinah, an overview of his life in the city, and concluding with the account of his passing. The museum provides six rich educational experiences, includ

Riyadh, January 21, 2026, SPA — The Saudi Arabia Darts Masters 2026 concluded yesterday as part of Riyadh Season, hosted at the Global Theatre in Boulevard City, Riyadh. The tournament drew a strong attendance and widespread public interest, closing its first edition after high-level competition featuring a world-class lineup of the sport’s leading stars, alongside a selection of Asia’s top representatives. The Finals Day featured a full evening of action, with the quarter-finals, semi-finals and final all taking place in one single session. In the quarter-finals, Dutchman Michael van Gerwen continued his impressive run by def