Fujairah oil hub targeted in fresh drone strike
Tuesday, March 17,2026,11:58
This is understood to be the fifth attack the Fujairah Oil Industry Zone has suffered from drone or debris from interceptions since the start of March, as Iran continues to hit industrial facilities in the UAE .. read more..
Dubai real estate buys time
Tuesday, March 17,2026,11:58
S&P Global warns that a prolonged war could accelerate the cooling cycle in Dubai real estate .. read more..
Saudi Energy pushes back deadlines for power projects
Tuesday, March 17,2026,11:58
The revised deadlines cover $130m worth of substation and cable projects in Riyadh province .. read more..
UAE solar capacity to reach 32GW by 2035
Tuesday, March 17,2026,08:48
Solar PV capacity is forecast to grow at over 17% annually over the next decade .. read more..
Libya discovers a trillion cubic feet of gas
Tuesday, March 17,2026,08:06
The reserve is expected to produce 130 million cubic feet a day .. read more..
$1.5bn chemicals project put on hold in Algeria
Tuesday, March 17,2026,08:06
Petrofac and Huanqiu Contracting & Engineering Corporation won the main contract in June 2023 .. read more..
Egypt approves grant for wastewater upgrades
Tuesday, March 17,2026,08:06
The European Investment Bank (EIB) funding will support consultancy services for wastewater treatment projects in Alexandria and Damietta governorates .. read more..
KBR office hit by drone strike on Iraq oil field
Tuesday, March 17,2026,08:06
A communications tower was also damaged in the attack .. read more..
DP World sets $3bn capital expenditure budget in 2026
Tuesday, March 17,2026,08:06
The company will invest in six projects globally, including two in Dubai .. read more..
NESR announces Mena cementing contracts worth $300m
Tuesday, March 17,2026,08:06
The company says there is growth potential in Libya .. read more..
Oman signs $2bn real estate deals at MIPIM 2026
Tuesday, March 17,2026,08:06
The deals were signed for major real estate projects including Al-Khuwair downtown, Sultan Haitham city and others .. read more..
Ashghal tenders northern Smaisma infrastructure
Tuesday, March 17,2026,08:06
The tender covers infrastructure development in the northern Smaisma area, including the airstrip road, the coastal road, and connections to the existing Al-Khor Expressway .. read more..
Contractors submit prices for Upper Zakum expansion project
Tuesday, March 17,2026,02:20
This major project aims to raise the Upper Zakum field’s oil production potential to 1.5 million b/d, with Adnoc Offshore dividing the EPC scope of work into three packages .. read more..
Neom cancels The Line tunnels contracts
Tuesday, March 17,2026,02:20
The tunnels formed part of the infrastructure backbone of Neom’s The Line project .. read more..
US firm wins supply deal for Egypt’s Benban solar project
Tuesday, March 17,2026,02:20
The Benban project includes a 200MW solar plant integrated with 120MWh of battery storage .. read more..
Rua Al-Haram signs King Salman Gate project MoU
Tuesday, March 17,2026,02:20
The project developer signed a memorandum of understanding with Jeddah-based Alpha Development .. read more..
Bidders get more time for Riyadh East sewage treatment plant
Tuesday, March 17,2026,02:20
The plant will have a treatment capacity of 200,000 cubic metres a day in its first phase, expanding to 500,000 cm/d in the second phase .. read more..
Iran sees economic pressure as key to ending war
Tuesday, March 17,2026,02:20
Senior official says Iran views economic pressure as a crucial factor in bringing the war to an end .. read more..
Modon launches Tara Park on Abu Dhabi’s Reem Island
Tuesday, March 17,2026,02:20
The project comprises two residential towers with a total of 340 residential units .. read more..
EBRD lends to Egypt aluminium extrusion line project
Tuesday, March 17,2026,02:20
The financing will fund the construction and installation of the aluminium extrusion line at Alumil Misr’s plant in the Polaris Industrial Zone .. read more..
Mouwasat expects Jeddah hospital opening in 2026
Monday, March 16,2026,19:41
Khalid Alsaleem, Managing Director of Mouwasat Medical Services Co. Khalid Alsaleem , Managing Director of Mouwasat Medical Services Co. , said the company benefited from lower financing costs, reduced provisions for receivables impairments, and collections on prior-year balances, as reported in Q3 2025. In an interview with Argaam , Alsaleem added that Q4 2025 net profit growth continues the positive trend from the first nine months of 2025 compared with 2024. He noted that the inpatient segment saw notable occupancy growth, driven by expanding subspecialties and diverse medical expertise across all hospitals, significantly boosting 2025 revenues. On expansion, Alsaleem said the compan... .. read more..
CMA says violator convicted for unlicensed financial advice, fined SAR 250,000
Monday, March 16,2026,18:46
Logo ofCapital Market Authority (CMA) The Capital Market Authority ( CMA ) announced that the Appeal Committee for the Resolution of Securities Disputes issued a final decision against Fahd bin Mohammed bin Saleh Al-Nafisah for violating Article 31 of the Capital Market Law and Articles 5 and 17 of the Securities Regulations, imposing a fine of SAR 250,000. According to the Authority’s statement, the convicted individual practiced a securities activity (investment advisory) through the mobile app Telegram, in exchange for receiving payments, during the period from October 26, 2023, to July 30, 2024, without obtaining CMA license. .. read more..
Al-Jouf Agricultural seals MoU with US firm to jointly set up agritech company
Monday, March 16,2026,18:33
Logo of Al-Jouf Agricultural Development Co. ( JADCO ) Al-Jouf Agricultural Development Co. ( JADCO )signed a binding memorandum of understanding (MoU) with US-based Food Specialty International LLC, to establish a joint company dedicated to transferring the latest agricultural and irrigation technologies for strategic crops. In a statement to Tadawul , the company noted that the 270-day MoU, which involved no related parties, is valid as of March 15, 2026. However, the relevant financial impact cannot be determined at present. This MoU serves as a preliminary agreement and a binding promise for both parties, subject to fulfilling specific conditions. JADCO also highlighted its extensiv... .. read more..
NGDC board approves reassessment of assets’ useful life
Monday, March 16,2026,18:23
Logo ofNatural Gas Distribution Co.’s (NGDC) Natural Gas Distribution Co.’s ( NGDC ) board of directors approved the reassessment of the useful life of its natural gas network pipeline assets, based on the findings of an internal technical study. In a statement to Tadawul today, March 16, the company said the decision is expected to have a positive impact on the 2026 financial results regarding the full-year depreciation expenses of fixed assets as a result of that reassessment. This accounting adjustment will not affect the company’s cash flows, the statement added. .. read more..
CMA OKs Khairat 250,000-share offering on Nomu
Monday, March 16,2026,17:57
Logo of Khairat Co. The Capital Market Authority’s ( CMA ) board of directos approved Khairat Co.’s planned initial public offering (IPO) of 250,000 shares (representing 23.81% of capital) on the Nomu -Parallel Market. In a statement today, March 16, the CMA clarified that the offering will be limited to qualified investors, as defined in its regulations and rules, and that a prospectus will be published well in advance of the offering start date. The approval is valid for six months from the board’s decision and will be deemed void if the company’s shares are not fully offered and listed within this period. According to the company’s website, Khairat produces livestock and poultry feed... .. read more..
NomuC jumps 1.3% to 22,735 pts; traded value at SAR 24M
Monday, March 16,2026,15:41
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TASI closes last Ramadan session in green, up 0.6% to 10,946 pts
Monday, March 16,2026,15:29
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Saudi Arabia intercepts, destroys 61 drones
Monday, March 16,2026,08:59
Logo ofMinistry ofDefense The official spokespersonfor the Ministry ofDefense, Turki Al-Maliki,said today, March 16, that 61 drones were intercepted and destroyed in the Riyadh and Eastern regions. .. read more..
Red Sea board recommends capital hike via SAR 280M rights issue
Monday, March 16,2026,08:57
Logo ofRed Sea International Co. Red Sea International Co. ’s board of directors recommended today, March 16, to the Extraordinary General Assembly a capital increase of SAR 280 million, representing 58% of its current capital, through the offering of rights issue shares. The company said in a statement to Tadawul that the capital increase aims to support the company’s plans to expand its future activities, provide the necessary working capital to strengthen its financial position, and contribute to financing and executing its future projects. .. read more..
Jordan begins prequalification for Amman water project
Monday, March 16,2026,08:10
The project will target water losses in southern and southeastern Amman under a public-private partnership model .. read more..
Saudi Arabia allows Hail airport bidders more time
Monday, March 16,2026,08:10
The contract was tendered by Cluster2 Company, which operates under Matarat Holding .. read more..
Iraq pushes to bring export pipeline back online
Monday, March 16,2026,07:37
North Oil Company says it is “accelerating” the process to restart exports .. read more..
Bidaya Finance Sukuk’s maiden offering completed at SAR 200M
Sunday, March 15,2026,17:57
Logo of Impact Capital Co. Impact Capital Co. ( Impact46 ), acting as joint financial advisor and joint lead manager, together with Merchants Capital, acting as lead financial advisor and joint lead manager, announced the completion of Bidaya Finance Sukuk’s maiden offering. Offering Details Type of Issuance Bidaya Finance Sukuk’s maiden offering Offering Value mln SAR 200 Issue Date March 16, 2026 Maturity Date March 16, 2029 Annual Yield 7.1% per year, payable quarterly Maturity Period 3 years from the issue date In a statement to Tadawul , the company said due to subscription demand exceeding the targeted issuance size, 100% of the subscribed sukuk were allocated to institutional inv... .. read more..
TADCO sells 314,250 shares in Horizon Food for SAR 10.98M
Sunday, March 15,2026,17:42
Logo ofTabuk Agricultural Development Co. Tabuk Agricultural Development Co. ( TADCO ) concluded the sale of 314,250 shares in Horizon Food Co., for nearly SAR 10.98 million, after deducting the administrative expenses of the executing party. This came as part of the board’s approval to sell part of its shareholding in Horizon Food, amounting to one million shares at no less than SAR 35 apiece, TADCO disclosed in a statement to Tadawul today, March 15. The transaction was executed with multiple buyers through independent purchase offers. It noted that the relevant financial impact will be reflected in its interim financial statements for the period ending March 31, 2026. The final finan... .. read more..
No expected changes in product prices: BCI Chair
Sunday, March 15,2026,17:41
Alaa Al Sheikh, CEO ofBasic Chemical Industries Co. (BCI) Basic Chemical Industries Co. ( BCI ) does not expect sharp fluctuations in the prices of chlorine and caustic soda products, given the availability of raw materials within Saudi Arabia, said CEO Alaa Al Sheikh . In an interview with Argaam , Al Sheikh said rising global energy prices could lead to higher production and transportation costs, noting that producers will pass most of these increases on to the end consumer. Commenting on the company’s Q4 2025 results, he said the group’s business units showed mixed performance. Growth was driven by the basic chemicals unit during the three-month period, with average prices rising abo... .. read more..
Riyad Bank shareholders to vote on bonus issue, H2 2025 dividend Apr. 5
Sunday, March 15,2026,17:38
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Bank Albilad plans to redeem SAR 3B in sukuk maturing in 2031
Sunday, March 15,2026,17:17
Logo ofBank Albilad Bank Albilad plans to fully redeem on April 15 its SAR 3 billion Tier 2 sukuk, due in 2031, at face value. In a statement to Tadawul today, March 15, the Saudi-listed bank said the 10-year sukuk were issued on April 15, 2021, and are due to mature in 2031. Under the sukuk terms, Bank Albilad reserves the right to call the instruments on the date of distributing periodic returns on April 15, 2026. It has secured the necessary regulatory approvals. Details of the Redeemed Sukuk Type of Sukuk Tier 2 sukuk denominated in SAR Total Value SAR 3 bln Redemption Rate 100% Total Callable Sukuk 3,000 Issuance Date April 15, 2021 Trading Suspension Date April 15, 2026 Face Value... .. read more..
Tadawul sees 4 negotiated deals worth SAR 20.3M
Sunday, March 15,2026,16:53
Tadawul trading screen The Saudi Exchange ( Tadawul ) witnessed today, March 15, a total of four negotiated deals worth SAR 20.3 million. Details Company Stock Price (SAR) Negotiated Price (SAR) Shares Traded Deal Value (SAR mln) SABIC 135.50 135.50 56,384 7.64 Bahri 31.50 31.50 233,979 7.37 SIIG 12.66 12.66 276,395 3.50 NCLE 110.30 110.30 16,116 1.78 A negotiated deal is executed when a buyer and seller agree to a specific price. It is conducted under the supervision of Tadawul and in adherence to the relevant capital market laws and regulations. The negotiated deal does not directly impact the last deal price, highest/lowest stock price, opening/closing price, or market/sector indices. .. read more..
SIIG unveils SAR 1.4B bio-protein project
Sunday, March 15,2026,16:49
Logo ofSaudi Industrial Investment Group’s (SIIG) Saudi Industrial Investment Group’s ( SIIG ) board of directors approved the development of a dry gas-based bio-protein production project in Jubail Industrial City, at an initial estimated cost of about SAR 1.4 billion and an annual capacity of 50,000 tons of single cell-protein. The project is being developed in partnership with 24%-owned Unibio PLC, a global technology provider. SIIG owns 80% of the project, while Unibio PLC retains 20%, the company said in a statement to Tadawul . The partners have also obtained an allocation of dry gas from the Ministry of Energy as feedstock for the project, it added. According to the company, on-s... .. read more..
Al Othaim board OKs 6% cash dividend for Q4 2025
Sunday, March 15,2026,16:42
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Saudi inflation eases to 1.7% in February
Sunday, March 15,2026,16:32
Shopping cart The inflation rate in Saudi Arabia recorded a decrease to 1.7% during February, compared to the previous month. According to data from the General Authority for Statistics ( GASTAT ), the Cost-of-Living Index rose to 104.5 points in February (per the 2023 base year), compared to 102.7 points during the same month in 2025. GASTAT has enhanced the data collection and calculation methodology for the Consumer Price Index (CPI) in line with international best practices to improve coverage and accuracy. It also updated the index base year to 2023, revising the basket items and their weights while expanding geographic coverage to include all regions. Inflation is measured as the ... .. read more..
SNB shareholders to vote on SAR 1.15/shr cash dividend for H2 2025 on April 15
Sunday, March 15,2026,16:17
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TASI falls 0.1% to 10,887 pts; turnover at SAR 3B
Sunday, March 15,2026,15:27
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Oil posts weekly gains of over 11%
Saturday, March 14,2026,12:12
Oil drilling rigs Oil prices rose on Friday, closing above $100 per barrel as shipping disruptions in the Strait of Hormuz persisted and the US president threatened to intensify military strikes on Iran in the third week of the war. Brent crude futures for May delivery increased 2.67%, or $2.68, to $103.14 per barrel, recording weekly gains of 11.27%, after rising by around 28% last week. Meanwhile, Nymex April futures climbed 3.11%, or $2.98, to $98.71 per barrel, bringing their weekly gains to 8.59%. These gains came despite measures taken by the US and its allies to contain energy costs, including the approval by the International Energy Agency to release 400 million barrels from str... .. read more..
Gold, silver prices fall, post second consecutive weekly loss
Saturday, March 14,2026,11:16
Gold futures for April delivery edges down 0.5% to $5,100.4 per ounce Gold and silver prices fell on Friday, recording their second consecutive weekly loss as the US dollar continued to strengthen and concerns intensified over rising inflationary pressures driven by higher energy prices. Gold April futures declined 1.25%, or $64.10, to $5,061.70 per ounce, deepening the metal’s weekly loss to 1.88%. Meanwhile, silver May futures fell 4.44%, or $3.756, to $80.914 per ounce, bringing the white metal’s weekly decline to 3.46%. This came as the US Dollar Index—which measures the value of the US currency against a basket of six major currencies—rose 0.61% to 100.35 points at 9:12 p.m. Makkah... .. read more..
US stocks post third weekly loss as energy crisis escalates
Saturday, March 14,2026,11:08
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Update: Saudi Arabia intercepts, destroys 10 drones
Saturday, March 14,2026,10:55
Turki Al Maliki, official spokesperson for the Ministry of Defense, said today, March 14 that 10 drones were intercepted and destroyed. One drone was intercepted and destroyed in the Empty Quarter, nine others were intercepted and destroyed in the Eastern Province, and this was in addition to another one in the Al Jouf Province. .. read more..
US oil rig count rises one unit to 412: Baker Hughes
Saturday, March 14,2026,10:47
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S&P affirms Saudi Arabia’s rating at 'A+/A-1'
Saturday, March 14,2026,10:28
SP Global Ratings affirmed its credit rating for Saudi Arabia at “A+/A-1”, maintaining a stable outlook. The agency noted that its base-case scenario assumes that the key threats facing the Kingdom will ease by the end of March, amid a reduction in regional tensions. Regarding the risks of a potential closure of the Strait of Hormuz, the agency believes the Kingdom has the capacity to mitigate this scenario by redirecting its oil and gas exports to the port of Yanbu on the Red Sea, using the east–west oil pipeline. SP said the stable outlook reflects its confidence in the Kingdom’s ability to absorb and overcome the repercussions of the current regional conflict. .. read more..
Risk calculus shifts for regional PPP projects
Friday, March 13,2026,22:36
Regional conflict creates a serious test for the Middle East’s most promising infrastructure markets, and investors are taking note .. read more..