Nasdaq ends lower, falls over 4% in a week
Saturday, June 27,2026,11:06
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US launches strikes against Iran
Saturday, June 27,2026,10:32
The US military launched airstrikes on Iran on Friday in response to what President Donald Trump described as Tehran's violation of the ceasefire through drone attacks targeting vessels in the Strait of Hormuz. US Central Command (CENTCOM) said its aircraft struck Iranian missile and drone storage facilities, as well as coastal radar sites, without providing further details on the extent of the damage or the specific targets hit. CENTCOM said the Iranian attack constituted a clear breach of the ceasefire agreement and undermined freedom of navigation in one of the world's most important maritime trade routes. It added that US forces continue to coordinate and secure the safe passage of ... .. read more..
Saudi Arabia updates anti-money laundering regulations
Saturday, June 27,2026,10:04
Saudi Arabia published updated executive regulations for the Anti-Money Laundering Law in the Official Gazette. The amendments, issued by the President of State Security, took effect on June 26, 2026. Under the updated rules, money laundering provisions apply to anyone who commits the original crime and participates in laundering its proceeds. The regulations require financial institutions and designated non-financial businesses and professions to identify, assess, and understand their money laundering risks. They must provide these assessments in writing, update them periodically, and submit them to the relevant supervisory authorities upon request. The rules also set a disclosure thre... .. read more..
Oil records 10% weekly drop; US WTI ends below $70
Saturday, June 27,2026,10:02
Oil drilling rigs Oil prices pared gains at settlement on Friday as supply concerns eased and shipping through the Strait of Hormuz continued, despite an attack on a cargo vessel off the Omani coast a day earlier. US President Donald Trump accused Iran of violating the ceasefire by launching drone attacks on vessels transiting the strait, saying one drone struck a cargo ship while US forces shot down three others. Despite the incident, media reports said vessel traffic through the Strait of Hormuz continued in both directions. While the attack on the cargo vessel Ever Lovely prompted some shipowners and captains to exercise greater caution, it did not disrupt the gradual return to norma... .. read more..
Gold rises at close; silver posts 10% weekly loss
Saturday, June 27,2026,09:51
US dollar index was little changed at 101.38 points, remaining near its highest level in more than a year. Gold and silver prices rose at settlement on Friday, supported by a weaker US dollar and a slight easing in expectations for further monetary tightening by the Federal Reserve. However, both precious metals posted weekly losses. Expectations for another Fed rate hike edged lower after the core US personal consumption expenditures (PCE) price index came in line with forecasts, allowing gold to recover from selling pressure seen earlier in the week. The outlook for US monetary policy also improved as oil shipments continued to flow through the Strait of Hormuz following the recent ea... .. read more..
US oil rig count rises: Baker Hughes
Saturday, June 27,2026,08:56
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GASCO Holding mourns death of Chairman Abdulaziz Al-Khayyal
Saturday, June 27,2026,08:38
National Gas and Industrialization Holding Co. ( GASCO Holding ) the loss of Chairman Abdulaziz Al-Khayyal. Al-Khayyal has been appointed as Chairman since December 2019. .. read more..
German firm breaks ground on $550m Oman chemicals project
Friday, June 26,2026,16:06
Mak Germany’s local subsidiary Sohar Petrochemicals is leading the project to establish an integrated purified terephthalic acid and polyethylene terephthalate production complex in Sohar Port and Freezone .. read more..
Oil prices drop to pre-conflict levels as Strait of Hormuz opens up
Friday, June 26,2026,16:06
Brent crude dropped to $72.40 a barrel on 25 June, which was lower than its price on the day before the US-Iran conflict began, with the global benchmark paring losses on 26 June and trading around $73 a barrel .. read more..
Abu Dhabi announces Dar Al-Funoon Saadiyat project
Friday, June 26,2026,16:06
Scheduled to open in 2030, Dar Al-Funoon is set to become one of the region’s largest performing arts venues .. read more..
Local firm wins Dubai road development contract
Friday, June 26,2026,16:06
The contract covers the development of the junction between Al-Manama Street and Sheikh Zayed Bin Hamdan Al-Nahyan Street, and infrastructure work in International City Phase 3 .. read more..
Egypt signs agreement for 2GW Suez wind farm
Friday, June 26,2026,16:06
The deal also covers the development of Egypt's first wind turbine manufacturing facility .. read more..
Jordan tenders Port of Aqaba silica terminal PPP
Friday, June 26,2026,16:06
The tender covers the rehabilitation of the bulk terminal, including the cement terminal and Mut’ah jetty .. read more..
Rua Al-Haram begins King Salman Gate project works
Friday, June 26,2026,16:06
The King Salman Gate project was announced in October last year by Saudi Arabia’s Crown Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud .. read more..
OQ seeks revised commercial bids for Oman NGL project
Friday, June 26,2026,16:06
OQ Group is overseeing a feed-to-EPC competition for the project, which involves building an NGL facility that will extract condensates in Saih Nihayda in central Oman and transport those volumes to Duqm for fractionation and export .. read more..
UCC Saudi wins $400m Diriyah MEP and finishing deal
Friday, June 26,2026,16:06
The contract was awarded by Diriyah Company for a package at Diriyah Square .. read more..
Al-Zaidi: Iraq may freeze OPEC membership if output growth is constrained
Friday, June 26,2026,12:04
Al-Zaidi said Iraq is seeking a fair production quota, with a target of increasing oil output to 7 million bpd over the next three years. Iraq's prime minister Ali Al-Zaidi said his country has no intention of leaving OPEC, but did not rule out suspending its membership if it is prevented from increasing production capacity, adding that Iraq is entering a new phase. In an interview with CNN Business Arabic, Al-Zaidi said US companies would receive top priority if they choose to operate in Iraq. He added that the government has approved major oil projects with companies including Chevron and Halliburton, while Iraq's telecommunications sector is in talks with Starlink. He added that his ... .. read more..
Seven bidders selected to participate in Algerian gas project tender
Friday, June 26,2026,08:11
The project will develop four gas transmission network monitoring centres .. read more..
CGC submits lowest bid for Kuwait oil pipeline project
Friday, June 26,2026,08:11
The pipeline will have a diameter of 20 inches .. read more..
Kuwait prepares to retender fuel depot project
Friday, June 26,2026,07:01
State-owned downstream operator is seeking expressions of interest for the Matlaa distribution centre .. read more..
Tunisia tenders project to develop gas pipelines
Friday, June 26,2026,07:01
The deadline for bid submission is 15 July 2026 .. read more..
Luberef signs base oil supply deal with Indian company
Friday, June 26,2026,07:01
Supply of base oils as feedstock from Aramco subsidiary Luberef will enable Apar Industries to produce its flagship transformer oils, and a range of specialty oils, at LubeHub Value Park in Yanbu Industrial City .. read more..
Aramco signs licensing agreements with local and US firms
Friday, June 26,2026,07:01
The agreements with the Saudi energy giant will enable Taqa and NESR technology to deploy and commercialise selected Aramco-developed technologies across their global portfolios .. read more..
Saipem sells Saudi jack-up drilling business to ADES for $285m
Friday, June 26,2026,07:01
Under the deal, ADES Saudi Limited Company, a subsidiary of Saudi Exchange-listed ADES Holding, will acquire Saudi Arabian Saipem Limited, which operates a fleet of five jack-up rigs .. read more..
Etihad Rail to begin passenger rail operations from 30 June
Friday, June 26,2026,07:01
The tickets are already on sale through the operator’s digital platforms .. read more..
Local firm wins $104m Qatar sewer contract
Friday, June 26,2026,07:01
The package covers remaining sewer works across 27,320 hectares and the initial phase of a new terminal pumping station .. read more..
Nasdaq ends lower, Dow ekes out 0.14% gain
Thursday, June 25,2026,23:48
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Saudi Arabia suspends travel to 3 African countries, halts visas over Ebola ...
Thursday, June 25,2026,21:03
The Kingdom tightened precautionary measures for travelers arriving from countries neighboring the outbreak zones. Saudi Arabia has suspended citizens' travel to the Democratic Republic of the Congo, Uganda and South Sudan, and halted the issuance of all visas and entry for travelers arriving from those countries as a precaution against the Ebola outbreak. The decision also includes those who transited through other nations after staying in any of the three countries during the previous 21 days, the Saudi Press Agency (SPA) reported. The measures follow a health risk assessment by Saudi authorities and build on precautionary steps introduced since July 2019 and tightened in May 2026 for... .. read more..
TASI: Major ownership changes on June 23
Thursday, June 25,2026,19:40
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CGS backlog at SAR 300M amid robust topline prospects: CEO
Thursday, June 25,2026,19:34
Ruban Deep Singh Bilen, CEO of Consolidated Grunenfelder Saady Holding Co. (CGS) Ruban Deep Singh Bilen , CEO of Consolidated Grunenfelder Saady Holding Co. ( CGS ), said that the company ended this fiscal year with a backlog amounting to SAR 300 million, an increase of 58% compared to SAR 190 million in 2025. These orders provide strong revenue visibility into FY 2027 and beyond, he added. In an interview with Argaam , the CEO indicated that the stationary refrigeration and customized solutions segments currently represent about 40% of total revenues, as part of the company's strategy to diversify sources of income. He pointed out that the company's debt-free balance sheet and cash liq... .. read more..
MEFIC REIT board OKs SAR 834.8M hike in asset value
Thursday, June 25,2026,19:25
Logo of MEFIC REIT Fund MEFIC Capital, the fund manager of MEFIC REIT Fund , announced that the fund’s board of directors approved today, June 25, an increase in the total asset value, according to a Tadawul statement. This will be carried out through the acquisition of a developed and income-generating commercial complex in Jeddah, spanning 66,588.5 square meters (sqm), for SAR 460 million (excluding real estate transaction tax). The acquisition will be financed through the issuance of in-kind units worth SAR 349.3 million to the seller, in addition to a cash consideration of SAR 110.7 million. The cash consideration will be financed from the proceeds of a cash units offering to invest... .. read more..
Molan outlines board plan to address accumulated losses
Thursday, June 25,2026,19:21
Logo of Molan Steel Products Co. Molan Steel Products Co. announced today, June 25, the board of directors’ recommendations to address accumulated losses amounting to 99.21% of the company’s capital, according to a statement to Tadawul . The approved board plan builds on measures already implemented by the company, including a cost restructuring program, operational efficiency enhancements, centralization of operations in Riyadh, rationalization of fixed expenses, improved inventory and working capital management, as well as the acquisition of Mayar International Co. (Cool Master) and expansion into higher-margin products and services. As part of the plan, the board decided to call an e... .. read more..
Al Yamamah Steel to hold 51% stake in subsidiary post-capital hike
Thursday, June 25,2026,19:18
Logo of Al Yamamah Steel Industries Co. Al Yamamah Steel Industries Co. announced that the extraordinary general assembly of Al Yamamah Company for Reinforcing Steel Bars, a subsidiary, approved the board’s capital hike proposal, which will bring Al Yamamah Steel’s ownership stake to 51% upon completion. The transaction, which remains subject to obtaining the necessary regulatory approvals, will cut Al Yamamah Steel’s ownership stake from 72.5% pre-capital increase, according to a statement to Tadawul . The subsidiary’s planned capital hike will be carried out through the issuance of 25 million new shares in a SAR 12/share rights offering that will raise capital by SAR 300 million to st... .. read more..
CMA OKs BaraSeen Medical’s 3.3M share offering on Nomu
Thursday, June 25,2026,19:08
Logo of Capital Market Authority (CMA) The Capital Market Authority’s ( CMA ) board of directors approved BaraSeen Medical Co.’s planned initial public offering (IPO) of 3.3 million shares (representing 17.1% of capital) on the Nomu -Parallel Market. In a statement today, June 25, 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. Established in 2021, BaraSeen Medical is a medic... .. read more..
US weekly jobless claims drop more than expected
Thursday, June 25,2026,17:31
The number of Americans filing claims for unemployment benefits fell in the week ending June 20, indicating that the labor market remains stable despite economic challenges. The number of applications dropped to 225,000, as expected, compared to the previous week's revised figure of 227,000, which was revised upward by 1,000, according to the Labor Department report released Thursday. Weekly jobless claims are a leading indicator of unemployment rates in the US and a near-instant indicator of the state of the labor market. Weekly US Jobless Claims Item Last Year Previous Current Change Initial Claims (‘000) 236 227 215 (12) Four-Week Average (‘000) 242.25 223.5 224.25 0.75 Total Benefic... .. read more..
SWA offers Yanbu plant assets for sale
Thursday, June 25,2026,16:37
The Saudi Water Authority (SWA) launched the sale of the assets of the Yanbu Desalination Plant (Phase II) as part of its shift toward reverse osmosis desalination technology, aiming to maximize the economic value of industrial assets, enhance resource efficiency, support the goals of Saudi Vision 2030, and advance sustainability and circular economy practices. The offering includes industrial assets with an estimated total weight of more than 110,000 tons, 162 MW of power generation capacity, and water desalination capacity of up to 212,000 cubic meters per day, creating investment opportunities to repurpose these assets for a wide range of industrial and operational uses, according to... .. read more..
MOMAH launches updated contractor classification mechanizm
Thursday, June 25,2026,16:12
MOMAH said the step is part of a regulatory initiative aimed at developing the contracting sector and improving project delivery efficiency. Saudi Arabia’s Ministry of Municipalities and Housing ( MOMAH ) has launched an updated contractor classification mechanizm as part of a regulatory initiative aimed at developing the contracting sector and improving project delivery efficiency. In a statement, the ministry said the updated framework is based on a comprehensive evaluation model covering technical and financial aspects, prior project delivery experience, and institutional capabilities, under a rigorous methodology spanning a broad range of sectors. These sectors include construction ... .. read more..
TASI falls 0.7% to 10,933 pts, turnover at SAR 4.2B
Thursday, June 25,2026,15:32
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MIS scales all-time high
Thursday, June 25,2026,14:58
Tadawul trading screen MIS shares rose today, June 25, to their highest level since listing. Stock at all-time high Company Price (SAR)* YTD Performance Listing Date MIS 224.20 71% April 2019 *The highest price during the session, but not the current trading price. .. read more..
Oman awards concession agreement for offshore block
Thursday, June 25,2026,13:46
A 50:50 joint venture of the subsidiaries of Oman’s OQ Exploration and Production (OQEP) and Turkish state-owned Turkiye Petroller AO (TPAO) has secured an eight-year exploration agreement for the Block 80 concession .. read more..
Contractor wins €770m Italy-Tunisia power link deal
Thursday, June 25,2026,13:46
The Elmed Project comprises a 600MW HVDC submarine interconnector linking Sicily and Tunisia at depths of up to 800 metres .. read more..
Abu Dhabi awards Bab Gas Cap concession agreements
Thursday, June 25,2026,13:46
Adnoc will hold the majority 60% stake in the Bab Gas Cap development and production concession, with TotalEnergies, BP, CNPC, Jodco Onshore, China ZhenHua Oil and Korea GS E&P collectively holding the remaining 40% interest .. read more..
Oman revives Wadi Al-Khoudh flood dam project
Thursday, June 25,2026,13:46
The retendered project will be financed by the Islamic Development Bank after being put on hold in 2019 .. read more..
The price of permanent risk
Thursday, June 25,2026,13:46
Two recent developments could reshape the Middle East – and the future of global energy .. read more..
Sahm Capital CFO: Saudi market growth attracts foreign investors
Thursday, June 25,2026,13:44
CFO of Sahm Capital, Mohammed Asiri Saudi Arabia’s capital market has undergone significant development in recent years, supported by strong economic fundamentals, ongoing regulatory reforms, and the objectives of Saudi Vision 2030, CFO of Sahm Capital, Mohammed Asiri, said. Speaking to Argaam on the sidelines of the Argaam Summit, Asiri said the Kingdom is attracting growing interest from international investors as the Capital Market Authority (CMA) continues to broaden market access and strengthen the investment environment. He noted that the Saudi market now offers investors access to one of the region’s most dynamic economies, backed by increasing sector diversification, rising part... .. read more..
GACA issues complaint-based ranking of Saudi airlines
Thursday, June 25,2026,13:13
GACA said the total number of complaints submitted by passengers against airlines stood at 2,155 in May 2026 The General Authority of Civil Aviation (GACA) issued the index for the classification of air transport service providers and airports based on the number of complaints filed by travelers with the authority in May 2026. The total number of complaints submitted by passengers against airlines stood at 2,155. First: Classification of National Carriers Rank Carrier Complaints per 100,000 passengers Complaint handling rate 1 Saudia 43 81% 2 flynas 58 100% 3 Flyadeal 90 99% Most Frequent Complaints: 1- Flights 2- Tickets 3- Luggage services Second: Airport Classification King Khalid In... .. read more..
These stocks have ex-dates today
Thursday, June 25,2026,11:18
Tadawul trading screen TASI-listed AlBabtain Food and Saudi Steel Pipe shares trade ex-dividend today for 2025. Meanwhile, Nomu-listed Multi Business shares go ex-rights today. Companies going ex-dividend/ex-bonus today Company Distribution Rate Payout Date Details Saudi Steel Pipe SAR 0.75 per share for 2025 July 7, 2026 More Details AlBabtain Food SAR 0.50 per share for 2025 July 14, 2026 More Details Multi Business Two shares for every share held -- More Details .. read more..
TASI: 4 stocks fall to all-time lows
Thursday, June 25,2026,11:14
Tadawul trading screen Four TASI-listed firms plunged to their lowestlevels since their debut today, June 25. Stocks at all-time lows Company Price (SAR)* YTD Performance Listing Date Theeb 23.64 (45%) March 2021 MRNA 7.42 (36%) June 2023 Tasheel 35.60 (33%) December 2024 Saleh Al Rashed** 43.42 (4%) March 2026 *The lowest price during the session, but not the current trading price. ** Compared to listing price. .. read more..
Tadawul sees 9 negotiated deals worth SAR 26.5M
Thursday, June 25,2026,10:53
Tadawul trading screen The Saudi Exchange ( Tadawul ) witnessed nine negotiated deals worth SAR 226.5 million today, June 25. Details Company Stock Price (SAR) Negotiated Price (SAR) Shares Traded Deal Value (SAR mln) Alinma Hospitality REIT 8.36 8.40 858,170 7.21 120,915 1.02 120,915 1.02 Saudi Energy 18.10 18.07 316,083 5.71 Yansab 29.78 29.78 150,000 4.47 NADEC 16.00 16.01 190,000 3.04 Wafrah 22.55 22.56 75,000 1.69 Al-Jouf Agricultural 42.88 42.92 30,000 1.29 Ash-Sharqiyah Development 13.80 13.82 80,000 1.11 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... .. read more..
Qatar awards $604m grid expansion contracts
Thursday, June 25,2026,10:03
The projects will expand Qatar's western electricity network to integrate the 2GW Dukhan Solar Photovoltaic (PV) power plant into the national grid .. read more..