Saudi investments curb impact of energy shock: Al-Jadaan
Saturday, October 17,2026,10:02
Saudi Minister of Finance, Mohammed Al-Jadaan Mohammed Al-Jadaan, Minister of Finance and Chair of the International Monetary and Financial Committee (IMFC), said that the global economy is showing remarkable resilience and continues to grow despite challenge. Most GCC countries have implemented structural reforms that helped them respond to shocks. Saudi investments have limited the impact of the energy shock, he remarked at the IMFC's 54th meeting in Bangkok Some countries in the region were on a strong economic footing when the conflict began, he added. On inflation, Al-Jadaan said that the independence of central banks is critical for price stability. Higher sovereign bond yields ex... .. read more..
Nasdaq falls over 2%, posts worst weekly performance since June
Friday, October 16,2026,20:59
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US oil rig count falls, says Baker Hughes
Friday, October 16,2026,20:46
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Chinese contractor wins Damac Riverside apartments deal
Friday, October 16,2026,16:53
Local developer Damac Properties awarded the contract .. read more..
Morocco begins prequalification for 350MW solar projects
Friday, October 16,2026,16:53
The Noor PV Multisites programme will comprise four to six ground-mounted solar plants, with individual capacities ranging from 40MW to 170MW .. read more..
Gold rises, remains on track for weekly losses
Friday, October 16,2026,11:46
Gold bars Gold prices rose during Friday's trading as the US dollar and oil prices declined, but remained on track for a weekly loss. The US Dollar Index, which measures the greenback against a basket of six major currencies, fell 0.6% to 101.93, heading for its first weekly decline in five weeks. According to CME Group's FedWatch tool, traders are pricing in a 28% probability of the Federal Reserve raising interest rates later this month and an 89% probability of a rate hike in December. Chicago Fed President Austan Goolsbee described this week's inflation data, which came in stronger than expected, as “disappointing,” Reuters reported. Precious metals prices in futures and spot market... .. read more..
What Is a Loss That Never Happened Worth?
Friday, October 16,2026,11:19
✍️ Islam Zween If diesel prices rise faster than crude oil, who captures the difference? The answer seems obvious: the refineries that buy crude and turn it into higher-value fuel. But the same crisis that widens the product margin can make reaching its buyers more costly and more difficult. So how much of the gain survives the journey? Aramco produces crude and owns refineries in the Kingdom and abroad, so it can benefit at more than one point in the value chain. Adjusted earnings before interest and tax for its refining and chemicals business nearly doubled in the second quarter compared with the same period last year. That is a significant improvement, but it raises a question: how m... .. read more..
Al-Sayari: Potential for cooperation with China on regional payment systems
Friday, October 16,2026,11:02
Ayman Al-Sayari, Governor of SAMA Governor of the Saudi Central Bank ( SAMA ), Ayman Al-Sayari, said future opportunities may arise to explore potential areas of cooperation and exchange expertise with China on developments in regional payment systems. Al-Sayari made the remarks during a joint meeting between the governors of central banks of the Gulf Cooperation Council (GCC) countries and the Governor of the People’s Bank of China, on the sidelines of the annual meetings of the IMF and the World Bank annual meeting in Thailand. Al-Sayari reaffirmed SAMA’s continued commitment to building strong relationships with international counterparts in areas of mutual interest, with the aim of ... .. read more..
MOMAH puts municipal land investment rules up for public consultation
Friday, October 16,2026,10:38
MOMAH headquarters Saudi Ministry of Municipalities and Housing (MOMAH) put a draft of the rules governing investment in municipal land up for public consultation via the Istitlaa platform, with a deadline of Nov. 10, 2026. The rules aim to establish mechanisms for investing in municipal land in exchange for developing it or building housing units for beneficiaries of the Developmental Housing Program or other purposes, in accordance with the regulations governing the disposal of municipal real estate. Under the draft rules, the ministry may, with the minister's approval, offer planned land allocated to housing support programs for development and the provision of necessary basic servic... .. read more..
Oil prices fall but head for weekly gain
Friday, October 16,2026,10:12
Oil drilling rigs Oil prices fell on Friday, but remain on track for weekly gains, amid ongoing uncertainty over Middle East supply and a larger-than-expected decline in US crude inventories. US crude closed Thursday’s trading up more than 3%, after a sharp decline in American oil inventories due to production outages caused by hurricanes. Analysts at ING Bank said in a note today that uncertainty in the Middle East and concerns about the sustainability of oil flows through the Strait of Hormuz have prompted the market to price in a major risk premium, Reuters reported. According to Kpler, the oil shipping analytics company, average crude flows through the Strait of Hormuz reached 11.62... .. read more..
Construction progresses at Iraq oil refinery
Friday, October 16,2026,08:39
The $800m expansion project at Al-Diwaniyah is being executed by Al-Barham Group .. read more..
Algeria tenders 310km Tamanrasset railway
Friday, October 16,2026,08:39
The project is a key segment of the proposed railway corridor connecting El-Ménéa, In-Salah, and Tamanrasset .. read more..
McDermott cuts steel on Adnoc’s Sarb gas project
Friday, October 16,2026,07:13
Adnoc awarded the estimated $500m EPC contract to the US-based contractor in January .. read more..
Adnoc Onshore seeks bids for Bu Hasa field EOR project
Friday, October 16,2026,07:13
The main objective of the Bu Hasa Shuaiba EOR unit 1 phase 1 is to achieve an oil production increase target of 70%, and extend the production plateau of the Bu Hasa oil field development in Abu Dhabi .. read more..
Joint venture wins $246m RCRC bridges contract
Friday, October 16,2026,07:13
The selected joint venture secured a package to construct steel flyovers across key Riyadh junctions .. read more..
OTTCO issues tender for Oman oil storage park expansion
Friday, October 16,2026,07:13
The Trade Bridge project is the next phase of the Ras Markaz oil storage terminal at Duqm .. read more..
Humain tenders 100MW Riyadh AI data centre
Friday, October 16,2026,07:13
The estimated $1bn contract covers EPC works for the Al-Saad facility with an optional expansion to 200MW .. read more..
Iraq transfers Kirkuk oil operations to BP consortium
Friday, October 16,2026,07:13
The handover is part of a $25bn field development project .. read more..
Adnoc steps up crude expansion
Friday, October 16,2026,01:07
The UAE’s exit from Opec gives Adnoc the freedom to invest billions more to accelerate towards – and potentially exceed – its crude production capacity target of 5 million b/d by 2027 .. read more..
China’s Jingdong Property expands UAE logistics footprint
Friday, October 16,2026,01:07
The company signed separate agreements to develop major logistics facilities in Abu Dhabi and Dubai .. read more..
Lamprell signs local fabrication deal for Saudi offshore job
Friday, October 16,2026,01:07
The Saudi Arabia/UAE-based contractor will carry out fabrication work for one of its offshore EPCI contracts at the Ras Al-Khair yard of International Maritime Industries, in which it is a shareholder .. read more..
Chinese firm wins $100m Oman oil drilling contract
Friday, October 16,2026,01:07
Indonesia-based MedcoEnergi has awarded Great Wall Drilling Company, a subsidiary of Chinese state-owned CNPC, a five-year drilling contract for Oman’s Karim Small Fields hydrocarbon concession .. read more..
Joint venture wins Oman desalination contract
Friday, October 16,2026,01:07
The five-year contract covers operations and maintenance for the Al-Asilah desalination plant .. read more..
UK begins procurement for Expo 2030 Riyadh pavilion
Friday, October 16,2026,01:07
The country’s government has launched early market engagement to appoint design, project management and construction partners .. read more..
Jordan begins prequalification for 450MW pumped-hydro plant
Friday, October 16,2026,01:07
The Al-Mujib energy storage project will be developed as a public-private partnership .. read more..
Dewa invites bids for water transmission pipeline contract
Friday, October 16,2026,01:07
State utility Dubai Electricity & Water Authority (Dewa) is advancing several pipeline projects to expand the emirate’s potable water network .. read more..
Adnoc funnels billions into boosting gas processing
Friday, October 16,2026,01:07
Led by its subsidiary Adnoc Gas, Abu Dhabi energy giant Adnoc Group is investing heavily in gas processing, natural gas liquids and transmission pipelines, while also expanding its focus on specialty chemicals .. read more..
Morocco extends deadline for El-Menzel pumped-storage plant
Friday, October 16,2026,01:07
The 362MW pumped-storage hydropower project is located in Morocco’s Sefrou Province .. read more..
Contractors given extension on Riyadh airport aviation complex
Friday, October 16,2026,01:07
The Saudi Royal Aviation Village will be located within the King Salman International airport master development in Riyadh .. read more..
US stocks close higher, Dow Jones gains nearly 550 points
Thursday, October 15,2026,23:07
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Alfanar sees strong Saudi power demand growth driven by AI
Thursday, October 15,2026,21:12
Pascal Hoerter, CEO of Alfanar Electric Alfanar Group expects strong growth in Saudi Arabia’s electricity demand, driven by data centers and artificial intelligence (AI) technologies, with its electrical manufacturing business poised to expand through 2030, its CEO said. Pascal Hoerter, CEO of Alfanar Electric, the group’s electrical manufacturing division, told Argaam on the sidelines of the 25th WPC Energy Congress in Riyadh that the outlook for 2027 was promising. However, demand for electrical solutions in Saudi Arabia’s housing sector has declined over the past three to four years, partly due to higher interest rates that have reduced individuals’ ability to buy homes, Hoerter said... .. read more..
Tadawul: Major ownership changes on Oct. 13
Thursday, October 15,2026,19:15
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Gulf Union Alahlia renews health insurance deal with Al Rushaid Group
Thursday, October 15,2026,17:37
Logo of Gulf Union Alahlia Cooperative Insurance Co. Gulf Union Alahlia Cooperative Insurance Co. signed a contract with Al Rushaid Group to renew providing health insurance services to its employees and their families for one Gregorian year. In a Tadawul statement, the insurer said that the contract, effective Oct. 15, 2026, is valued at more than 5% of the gross written premiums (GWPs) based on 2025 audited financial statements. The contract is expected to have a positive impact on Gulf Union Alahlia's financial results for 2026 and 2027, the statement said, adding that there are no related parties to the deal. The company's 2025 GWPs reached over SAR 1 billion, of which 5% is equival... .. read more..
TASI falls 0.3% to 10,107 pts, turnover at SAR 3.6B
Thursday, October 15,2026,15:38
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Saudi brokerage service availability improves in Q2 2026
Thursday, October 15,2026,15:08
Logo ofThe Capital Market Authority (CMA) Twenty-one capital market institutions in Saudi Arabia achieved 100% brokerage service availability in Q2 2026, up from 19 in the previous quarter. All brokerage firms operating in the market recorded availability rates above 98%, indicating stable trading systems and electronic platforms for trade execution and client services, according to a Capital Market Authority (CMA) report on entities under its supervision. SNB Capital, J.P. Morgan Saudi Arabia, and Goldman Sachs Saudi Arabia joined the group of institutions with 100% availability in Q2 2026 after recording lower rates in the previous quarter. Brokerage service availability measures the ... .. read more..
GCC Secretariat reschedules GCC–European summit
Thursday, October 15,2026,14:52
Riyadh was scheduled to host the Gulf-EU Summit on October 24, 2026. The General Secretariat of the Gulf Cooperation Council (GCC) announced that the Gulf-EU Summit, scheduled to take place in Riyadh on October 24, 2026, has been postponed to a later date to be mutually agreed upon by the Gulf and European sides. According to a statement, GCC Secretary-General Jasem Mohamed Albudaiwi said the decision was prompted by continued attempts by the terrorist Houthi militia to target Saudi Arabia and its civilian facilities, threatening the safety and security of civilians. He added that the decision also followed the extension of the suspension of operations at King Khalid International Airpo... .. read more..
TASI: 57 stocks, 3 REITs sink to 52-week lows
Thursday, October 15,2026,12:35
Tadawul trading screen Shares of 57 TASI -listed companies and units of three REITs fell today, Oct. 15, to their lowest levels in 52 weeks, data compiled by Argaam showed. Stocks/Units at 52-week lows Company/Fund Price SAR* Performance in 52 weeks SRMG 45.74 (76%) Budget Saudi 22.65 (61%) Shaker 9.30 (59%) Alkhaleej Training 12.05 (56%) Saudi German Health 25.80 (56%) Amiantit 9.75 (54%) Nofoth 5.76 (52%) CHUBB Arabia 14.92 (51%) Development Works Food 69.00 (50%) National Gypsum 10.16 (49%) Ataa 34.00 (49%) CMCER 4.51 (49%) Bawan 30.36 (46%) Seera 16.24 (46%) GACO 10.40 (45%) Dallah Health 21.81 (45%) Sumou 71.55 (45%) Ayyan 7.72 (44%) Maadaniyah 9.80 (43%) Sipchem 11.30 (43%) NADEC ... .. read more..
Al-Jadaan credits alternative route investments for steady energy supplies a...
Thursday, October 15,2026,12:26
Mohammed Al-Jadaan,Minister of Finance Minister of Finance Mohammed Al-Jadaan said Saudi Arabia helped ensure the continued flow of energy supplies and trade amid uncertainty, thanks to its investments in alternative transit and supply routes. Addressing the third meeting of the G20 Finance Ministers and Central Bank Governors, Al-Jadaan emphasized the effective international cooperation is essential to achieving economic stability. Reliable energy supplies at affordable prices and the continued flow of essential goods should help contain price pressures and ease the burden on national budgets, the minister added. He noted that the global economy has demonstrated its ability to adapt to... .. read more..
Tadawul sees 19 negotiated deals worth SAR 176.6M
Thursday, October 15,2026,12:05
Tadawul trading screen The Saudi Exchange (Tadawul) witnessed today, Oct. 15, a total of 19 negotiated deals worth SAR 176.6 million. Details Company Stock Price (SAR) Negotiated Price (SAR) Shares Traded Deal Value (SAR mln) Alramz 52.55 52.00 274 , 324 14.26 Al Rajhi Bank 60.90 60.70 165 , 276 10.03 Bupa Arabia 138.70 139.00 54 , 101 7.52 Maharah 3.71 3.70 900,000 3.33 SIIG 11.25 11.25 483,312 5.44 270,000 3.04 Aramco 25.28 25.28 200,000 5.06 800,000 20.22 253,657 6.41 593,042 14.99 581,096 14.69 601,327 15.20 503,720 12.73 MARAFIQ 41.86 41.86 78,606 3.29 101,952 4.27 98,191 4.11 SABIC AN 111.40 111.4 88,194 9.82 48,237 5.37 Bahari 35.12 35.12 478 , 461 16.80 A negotiated deal is exec... .. read more..
Robo-advisory AUM surge 128% to nearly SAR 10B
Thursday, October 15,2026,12:03
Saudibanknote Assets under management (AUM) through robo-advisory services offered by licensed fintech companies and capital market institutions in Saudi Arabia rose to SAR 9.9 billion at the end of Q2 2026, up 128% year on year (YoY). Quarter on quarter (QoQ), AUM increased by around SAR 2.08 billion, or 26.6%. The total number of investment portfolios managed through robo-advisory services surpassed one million for the first time, reaching 1.05 million at the end of Q2 2026. This marked a 161% annual increase and an 80% rise from the previous quarter. Average AUM per investment portfolio stood at around SAR 9,500 at the end of Q2 2026. The data also showed accelerated growth in robo-a... .. read more..
TASI: 32 stocks, 4 REITs fall to all-time lows
Thursday, October 15,2026,11:50
Tadawul trading screen Shares of 32 TASI -listed companies, including Naseej , Lumi , and Miahona , and units of four REITs fell today, Oct. 15, to their lowest levels since debut, data compiled by Argaam showed. Stocks/Units at All-Time Lows Company/Fund Price (SAR)* YTD Performance Listing Date Naseej 11.18 (75%) Feb. 2010 Lumi 20.49 (68%) Sep. 2023 Miahona 8.65 (65%) June 2024 Al Arabia 38 (65%) Nov. 2021 Nice One 9.51 (61%) Dec. 2024 Tasheel 22.00 (62%) Jan. 2025 SGS 19.12 (59%) June 2015 Red Sea 18.27 (58%) Nov. 2006 Build Station 33.7 (5 5 %) Sep. 2025 Al Majdiah 5.45 (54%) Sep. 2025 2P 4.6 (54%) Nov. 2022 Entaj 19.14 (52%) March 2025 Takween 3.65 (52%) Feb. 2012 Chemanol 23 (52... .. read more..
KBR wins Aramco offshore engineering services contract
Thursday, October 15,2026,08:01
US-based KBR will provide engineering and project execution services to support offshore processing, gas compression, and power infrastructure facilities at the Marjan offshore field development in Saudi Arabia .. read more..
Kuwait studies two oil export pipelines to bypass Hormuz
Thursday, October 15,2026,08:01
The pipelines would pass through Saudi Arabia and the UAE .. read more..
Gulf Spic submits lowest bid for Kuwait booster stations
Thursday, October 15,2026,08:01
The lowest bid is worth $132m and involves upgrading two gas booster stations in the south of the country .. read more..
Contractors win $317m Qatar road contracts
Thursday, October 15,2026,08:01
Qatar’s Public Works Authority (Ashghal) awarded the contracts .. read more..
Tamimi Energy gears up for Saudi IPO, eyes new acquisitions: Exec
Wednesday, October 14,2026,22:50
Tamimi Energy plans to list its shares on the Saudi Exchange, with initial preparations for the offering already underway, said Yahya Balhareth, the group’s Chief Commercial Officer (CCO). Balhareth said in an interview with Argaam on the sidelines of the WPC Energy Congress that the group has not yet submitted its offering application to the Capital Market Authority (CMA), as it is completing its internal preparations. The group will announce any developments in due course, the CCO added, without specifying a target timeline for the listing. Regarding expansion plans, Balhareth said the group is currently evaluating several acquisition opportunities involving stakes in local and intern... .. read more..
Saudi stocks: A snapshot of P/E and P/B ratios
Wednesday, October 14,2026,19:40
Tadawul trading screen Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell today, Oct. 14, to its lowest level since March 2023, a roughly 43-month low. The index traded below 10,200 points on March 1, the first trading session following the outbreak of war in the Middle East. Compared with its close on Feb. 26, the last session before those events, TASI was down 5.3%, shedding about 570 points from 10,709 to 10,139 at the end of today's business. Over that period, 196 stocks and real estate investment trusts (REITs) declined, while 74 advanced. Top Decliners since the Start of the War Al Arabia stock recorded the steepest decline, falling 62%, followed by Tasheel at 50%, Theeb... .. read more..
Tadawul: Major ownership changes on Oct. 12
Wednesday, October 14,2026,18:49
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Ubhar Capital issues Q3 2026 earnings forecasts
Wednesday, October 14,2026,18:42
Ubhar Capital issued its Q3 2026 profit forecasts for 31 Saudi companies and banks under its coverage. The coverage included as many as 31 TASI-listed companies from various sectors, as shown below: Ubhar Capital's Q3 2026 Profit Forecasts (SAR mln) Company Q3 2026 Forecasts YoY Change Banks SNB 5934.7 (8%) Al Rajhi Bank 6920.0 (9%) SAB 2075.3 (3%) Basic Materials SABIC 284.3 (35%) Sipchem (163.8) -- Tasnee (139.9) -- Yansab 198.3 167% SIIG (9) -- Maaden 1913.3 (13%) SABIC Agri-Nutrients 634.2 (51%) Cement Yamama Cement 79.8 (122%) Saudi Cement 77.9 46% City Cement 6.4 (27%) Qassim Cement 29.4 (29%) Telecommunications stc 3774.7 (8%) Mobily 853.1 (7%) Insurance Bupa Arabia 292.2 (20%) T... .. read more..
MIS signs SAR 179.8M contract with KSMC
Wednesday, October 14,2026,16:22
Logo ofAl Moammar Information Systems Co. (MIS) Al Moammar Information Systems Co. ( MIS ) said it signed a contract worth SAR 179.78 million, including VAT, for the operation, maintenance, and repair of medical devices and equipment at King Saud Medical City ( KSMC ). In a statement on Tadawul , the company said the project includes providing IT work and services to KSMC. The contract will run for 60 months, with the financial impact expected to be reflected from Q1 2027 through Q4 2031, the statement added. .. read more..