Moody’s: GCC Islamic banks to continue outpacing conventional peers
Saturday, September 19,2026,11:44
GCC Islamic banks are expected to continue expanding faster than conventional banks, backed by strong demand for Shariah-compliant financing and higher public-sector exposure across their retail and corporate portfolios, which supports loan quality, Moody’s Ratings said. Islamic banks’ structural strengths will continue to underpin stronger credit metrics than those of conventional peers, despite a more challenging operating environment. Islamic banks may also outperform in terms of profitability, supported by structurally higher margins and lower credit costs. Funding and liquidity remain underpinned by a strong retail deposit base and continued access to the sukuk market. Although Sha... .. read more..
Oil ends lower, records weekly loss
Saturday, September 19,2026,08:56
Oil drilling rigs Oil prices fell for a third straight session at Friday’s settlement, posting their first weekly loss in three weeks as markets monitored geopolitical developments in the Middle East. The decline came despite persistent constraints on global refining capacity due to the wars in the Middle East and Ukraine, which pushed prices of key fuels, including diesel, to record highs. The Strait of Hormuz remains largely closed to shipping, with only four vessels carrying goods passing through on Thursday, compared with an average of about 16 vessels over the previous 10 days. Meanwhile, JPMorgan analysts said that, for the first time since the US-Iran war began in February, they ... .. read more..
Alswaha discusses AI infrastructure expansion in Saudi Arabia with AWS, Micr...
Saturday, September 19,2026,08:49
Minister Abdullah Alswaha discusses AI infrastructure expansion in Saudi Arabia with AWS, Microsoft. Saudi Minister of Communications and Information Technology Abdullah Alswaha held meetings with executives from Amazon Web Services (AWS) and Microsoft in Seattle to discuss accelerating the expansion of the Kingdom’s AI infrastructure and computing capacity. Alswaha met with AWS CEO Matt Garman to discuss speeding up the development and expansion of the AI Zone being built in partnership with HUMAIN, as well as deploying AWS Trainium accelerators in the Kingdom’s computing infrastructure and expanding the use of AWS AI services to run models and applications at scale. He also met Micros... .. read more..
Wall Street ends higher, post mixed weekly performance
Saturday, September 19,2026,08:46
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US oil rig count rises for third week: Baker Hughes
Saturday, September 19,2026,08:32
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ADES completes acquisition of Saipem’s Saudi drilling business
Saturday, September 19,2026,04:37
Under the terms of the transaction, which began in June and is estimated to be valued at about $285m, ADES Saudi, a subsidiary of Tadawul-listed ADES Holding, has acquired Saudi Arabian Saipem, which operates a fleet of five jack-up rigs .. read more..
Opec Fund approves $645m in financing across 14 countries
Saturday, September 19,2026,04:37
The new financing approved by the Vienna-based entity since 24 June comprises $435m for public sector development projects and $210m for private sector operations .. read more..
Saudi holdings of US T-bonds down $120M to $142.4B in July
Friday, September 18,2026,14:17
Saudi Arabia maintains 17th rank among largest holders of US debt in July. Saudi Arabia’s holdings of US Treasuries fell $120 million month-on-month (Mom) in July 2026 to $142.4 billion, according to the US Department of Treasury. .. read more..
Gold prices rise, silver jumps more than 2%
Friday, September 18,2026,13:36
Gold bars Gold and silver prices rose during trading today, Sept. 18, as market participants remained focused on developments in the Middle East and the outlook for global monetary policy. Meanwhile, the dollar index, which measures the US currency’s performance against a basket of six major currencies, edged up 0.1% to 100.37. Goldman Sachs maintained its gold price forecast at $5,400 by end-2027 despite the Federal Reserve’s rate hike, noting that tighter monetary policy could slow the precious metal’s gains but would not halt them, Reuters reported. This follows the Bank of Japan’s decision today to raise interest rates to their highest level in 31 years, signaling its readiness to c... .. read more..
Bilfinger wins feed contract for Oman marine fuels terminal
Friday, September 18,2026,12:11
Bilfinger Engineering will provide front-end engineering and design (feed) and consultancy services for a new marine fuels facility planned at Shinas in northern Oman .. read more..
Monshaat unveils 13 initiatives under National Entrepreneurship, SMEs Strategy
Friday, September 18,2026,11:57
The General Authority for Small and Medium Enterprises (Monshaat) unveiled details of the initiatives included in the National Strategy for Entrepreneurship and Small and Medium Enterprises (SMEs), approved by the Council of Ministers, which aims to support the growth and competitiveness of SMEs through 13 initiatives covering access to markets and opportunities, financing, business environment, innovation, data and expansion. According to a Monshaat statement, the initiatives related to access to markets and opportunities include developing open commercial innovation by linking private-sector research and innovation needs with entrepreneurs and facilitating market access for innovative... .. read more..
System Gaps
Friday, September 18,2026,11:44
✍️ Islam Zween Around a dinner table in one house, an unplanned conversation ran between four siblings — all of it starting from a simple question about the household electricity bill. It began with a suggestion from Ray, whose background is in renewable energy. The obvious answer, he said, was to cover the roof with solar panels: use the sun that is available almost year-round in the Kingdom, and bring the bill down. It sounded logical, and at first everyone was persuaded. But Heaven, the electrical engineer, saw it differently. What happens, he asked, on a scorching summer evening, when the sun has gone and the air conditioners are still running at full tilt? His measure was not how m... .. read more..
Dubai prepares tenders for sewage treatment plants
Friday, September 18,2026,11:19
The Jebel Ali public-private partnership (PPP) project will add up to 1 million cubic metres a day of treatment capacity .. read more..
EPC work progresses on Laffan refinery units upgrade
Friday, September 18,2026,11:19
The brownfield QatarEnergy project relates to the modification of pump seals at Laffan Refinery 1, located in Qatar’s Ras Laffan Industrial City .. read more..
Morocco energises first large-scale bess project
Friday, September 18,2026,11:19
The battery energy storage system is located at OCP Group's Benguerir mining site in central Morocco .. read more..
SAR tenders design review consultancy for GCC rail link
Friday, September 18,2026,07:10
The length of the network in the kingdom will be about 672km .. read more..
KBR signs contract to work on Iraq gas project
Friday, September 18,2026,04:36
Phase 2 of the gas gathering project is estimated to be worth $3.9bn .. read more..
Oil gathering contract tendered in Algeria
Friday, September 18,2026,04:36
The package is part of a project to develop the Hassi Bir Rekaiz field .. read more..
Tunisian company awarded Algerian oil contract
Friday, September 18,2026,04:36
EPPM will provide engineering services to Reggane Group .. read more..
Red Sea Global, Sulaiman Al Habib open Red Sea Hospital
Thursday, September 17,2026,23:50
Red Sea Global and Sulaiman Al Habib open Red Sea Hospital at The Red Sea destination Red Sea Global Co. and Dr. Sulaiman Al Habib Medical Services Group opened today, Sept. 17, Red Sea Hospital at The Red Sea destination. According to a Red Sea Global statement, the hospital represents a strategic partnership between the two parties, under which Sulaiman Al Habib will manage and operate the facility with medical staff and advanced technologies. The partnership aims to provide advanced healthcare services to employees, residents and guests of the destination, as well as communities in the Red Sea region. The hospital provides emergency, inpatient, outpatient and specialized services, su... .. read more..
US stocks close higher, Dow Jones adds more than 300 points
Thursday, September 17,2026,23:32
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Riyadh among world’s top 50 cities, jumps 47 places in Global Cities Index
Thursday, September 17,2026,22:40
Riyadh city Saudi Arabia’s capital Riyadh jumped 47 places in the global cities ranking to rank 50th worldwide among 1,000 cities across 163 countries, according to 2026 Global Cities Index issued by Oxford Economics. Riyadh Ranking according to 2026 Global Cities Index Period Rank Change 2024 118 -- 2025 97 21 2026 50 47 The Global Cities Index evaluates cities across five main pillars and 27 sub-indicators, covering economics, human capital, quality of life, environment and governance. The index provides a comprehensive assessment of cities’ performance and their ability to achieve growth and enhance their appeal to businesses, investors and talent. .. read more..
Saudi Arabia issues 268 industrial licenses in May worth SAR 2.2B
Thursday, September 17,2026,20:52
The Ministry of Industry and Mineral Resources issued 268 new industrial licenses in May, with investments estimated at SAR 2.23 billion. These projects are expected to provide more than 2,484 jobs across the Kingdom, according to the National Center for Industrial and Mining Information (NIIC). A total of 149 factories began production during the same year, with investments of SAR 1.43 billion, crearing about 2,410 new jobs. Industrial Licenses in May Item Details New Industrial Licenses 268 Investments Estimated for New Licenses (SAR bln) 2.23 Expected Jobs from New Industrial Licenses* 2484 Factories that Started Production 149 Investments in Factories that Started Production (SAR bl... .. read more..
KEC to launch Knowledge Gardens fund within 6 months: CIO
Thursday, September 17,2026,20:23
Marko Vucinic, Chief Investment Officer and Executive Director of Investment Asset Management at Knowledge Economic City (KEC), said procedures to establish and launch the investment fund for the Knowledge Gardens project are expected to be completed within the next six months. Speaking to Al Eqtisadiah TV on the sidelines of the Hotels and Hospitality Expo Saudi Arabia 2026 in Riyadh, Vucinic said the company is currently working with the fund manager to finalize the project’s structure, including the land sale agreement, development agreement, sale and purchase agreement, and other requirements related to the fund’s launch. Regarding the hospitality portfolio, Vucinic noted that the a... .. read more..
Saudi Printing shareholders to vote on 89.4% capital cut on Oct. 26
Thursday, September 17,2026,17:37
Logo of Saudi Printing and Packaging Co. Saudi Printing and Packaging Co. said its shareholders will vote on reducing the company’s capital from SAR 652.07 million to SAR 68.97 million, a reduction of 89.42%, to write off SAR 583.10 million of accumulated losses. Capital Cut Details Current Capital SAR 652.07 mln Current No. of Shares 65.21 mln New Capital SAR 68.97 mln New No. of Shares 6.90 mln Reduction (%) 89.42 % Reason Restructuring capital to offset SAR 583.10 million in accumulated losses. Impact The capital reduction will have no impact on the company’s financial obligations or operations, or its financial, operational or regulatory performance. Method Cancellation of 58.31 mil... .. read more..
Lucid, Bolt partner to deploy autonomous mobility services across Europe
Thursday, September 17,2026,17:29
Logo of Lucid Group Lucid Group today announced a strategic partnership with Bolt, the leading European shared mobility platform, to develop and deploy autonomous mobility services acrossEurope. Building on vehicles from Lucid's upcoming Midsize platform, Bolt aims to deploy at least 25,000 fully autonomous vehicles across multiple European cities and countries, a major step toward Bolt's ambition of 100,000 autonomous vehicles on its platform by 2035, Lucid said in a statement. As part of the program, the companies will work together from the product-development stage on an autonomous driving system (ADS)-ready vehicle platform designed for SAE Level 4 autonomous mobility. The partners... .. read more..
Arab Sea appoints Al-Hawas as Chairman
Thursday, September 17,2026,16:56
Logo ofArab Sea Information Systems Co. Arab Sea Information Systems Co. appointed Abdullah Al-Hawas as Chairman and Haitham Al-Suhaibani as Vice Chairman of its board for a three-year term ending Sept. 16, 2029. Al-Hawas will serve as a non-executive director, while Al-Suhaibani will serve as an executive director, the company said in a statement to the Saudi Exchange. The board also formed its committees and appointed the board secretary for its sixth term, which began on Sept. 17, 2026. The nomination and remuneration committee comprises Abdulaziz Al-Khalifah, Faisal Al-Nafie, and Abdulaziz Al-Mutlaq. The audit committee comprises Mohammed Al-Hazim as Chairman, Nasser Al-Oufi, and Kh... .. read more..
Asas Makeen inks SAR 315M contract with Itihad Al-Thabat Contracting
Thursday, September 17,2026,16:42
Logo of Asas Makeen Real Estate Development and Investment Co. Asas Makeen Real Estate Development and Investment Co. signed a contracting agreement with Itihad Al-Thabat Contracting Co. to execute and complete the contracting, construction, and finishing works required for a number of residential and commercial projects owned and developed by the company in Riyadh. The projects span a total area of approximately 65,000 square meters and will be executed on a cost-plus-fee basis, according to a statement to Tadawul . The also company said the total cost of the projects covered by the agreement is estimated at SAR 315 million. The estimated cost includes the contractor’s fees and expense... .. read more..
Avalon Pharma renews SAR 104M credit facilities with BSF
Thursday, September 17,2026,16:11
Logo ofMiddle East Pharmaceutical Industries Co. (Avalon Pharma) Middle East Pharmaceutical Industries Co. ( Avalon Pharma ) renewed Shariah-compliant credit facilities worth SAR 104 million with Banque Saudi Fransi ( BSF ). In a statement to Tadawul , the company said the one-year facilities were guaranteed by offering promissory notes with an amount equivalent to the facilities. The facilities will help finance the company’s working capital. There are no related parties to the deal, the statement added. .. read more..
Sukuk Capital holds 63% of fintech debt market
Thursday, September 17,2026,16:01
Abdulaziz Alsayyari, CEO ofSukuk Capital Sukuk Capital holds around a 63% share of the debt instruments market through fintech platforms in the Saudi market, said CEO Abdulaziz Alsayyari. In an interview with Argaam during the Money20/20 conference, Alsayyari said the value of the sukuk programs offered by the company since its first issuance in May 2021 exceeded SAR 12.5 billion. More than 600 companies have benefited from the financing, while issuances executed under these programs amounted to around SAR 10 billion. He added that the value of the outstanding portfolio stood at SAR 5.3 billion. The portfolio maintained growth rates of between 70% and 80% during most of the past periods... .. read more..
Safqah Capital eyes listing on Saudi market
Thursday, September 17,2026,15:49
Safqah Capital’s CEO Abdullah Alsubaie. Safqah Capital’s financing volume has reached nearly SAR 5 billion since its launch around two years ago, funding various real estate development projects that have contributed to the delivery of around 5,000 housing units to the market, CEO Abdullah Alsubaie said, noting that the company aims to list on the Saudi market. Speaking to Argaam on the sidelines of the Money20/20 Middle East conference in Riyadh, Alsubaie added that the value of guarantees in the financing portfolio exceeds twice the financing volume, while the average annual return for investors through the platform stands at around 14.5%. He explained that Safqah Capital provides fin... .. read more..
Saudi poultry, egg competition intensifies
Thursday, September 17,2026,15:43
Competition in Saudi Arabia’s poultry and egg market is intensifying amid increased supply and expanding domestic production, giving consumers a wider range of products and brands while prompting more frequent promotions at retailers. Data monitored by Argaam showed significant variations in chilled chicken prices among companies and across pack sizes. Al Watania Poultry products recorded the lowest prices for several sizes, while Almarai’s ALYOUM brand and Fakieh Poultry Farms were among the most expensive across several sizes. The price gap between the lowest- and highest-priced products of the same size ranged from about 38% to 48%. Chilled Chicken Prices by Weight at Saudi Companies... .. read more..
TASI closes flat at 10,778 pts, total turnover at SAR 5.3B
Thursday, September 17,2026,15:40
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UAE's Metito wins Dubai South sewage O&M contract
Thursday, September 17,2026,14:29
The sewage treatment plant has a capacity of 10,000 cubic metres a day .. read more..
Developers bid for Saudi Arabia’s seventh solar and wind IPP round
Thursday, September 17,2026,14:29
Round seven of the National Renewable Energy Programme comprises six renewable generation projects with a combined capacity of 5,300MW .. read more..
Jordan targets $10bn PPP projects by 2030
Thursday, September 17,2026,14:29
The plan includes projects in the water, energy, transport, infrastructure and public services sectors .. read more..
Libya gas project expected to complete commissioning by November
Thursday, September 17,2026,14:29
The infrastructure has the capacity to gather and process 15 million cubic feet of gas a day .. read more..
Contractors prepare Riyadh airport aviation complex bids
Thursday, September 17,2026,14:29
Saudi Royal Aviation Village will be located within the King Salman International airport masterplan in Riyadh .. read more..
China’s Sinoma wins Ras Al-Khaimah cement plant contract
Thursday, September 17,2026,14:29
The contract awarded by Ras Al-Khaimah Cement Company (RAKCC) in the UAE covers EPC of two cement silos and conveyors, each with a capacity of 1,500 tonnes a day .. read more..
How Diriyah’s sustainability strategy is shaping value, cost and confidence
Thursday, September 17,2026,14:29
A historic city is turning heritage and sustainability into a strategic edge to differentiate itself, draw investment and create long-term value .. read more..
Tender issued for Libyan gas project
Thursday, September 17,2026,14:29
Mellitah Oil & Gas is seeking a company to carry out environmental assessments .. read more..
Nakheel awards $218m Dubai Islands buildings deal
Thursday, September 17,2026,14:29
The contract was awarded to the local firm Metac General Contracting .. read more..
Oman’s OQ RPI seeks bids for Sohar refinery decarbonisation
Thursday, September 17,2026,14:29
The project involves reducing steam consumption, fuel usage and carbon dioxide emissions at the SR1 and SR2 units and the aromatics plant at Sohar refinery .. read more..
Akron Investment, SA’AF Capital launch SAR 5B real estate fund
Thursday, September 17,2026,13:03
Snapshot of the fund's launch Fahad Al-Rouq, CEO of Akron Investment, said the company has launched the SAR 5 billion Akron Saaf Real Estate Fund in a strategic partnership with SA’AF Capital to develop a mixed-use real estate project in Riyadh. The project will comprise infrastructure development for residential, commercial and office uses. Al-Rouq said the fund’s launch aligns with the directives of Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz to achieve greater balance in Riyadh’s real estate sector and boost supply. He noted that measures aimed at balancing the real estate market provide a strong catalyst for investment and enable the private sector to develop l... .. read more..
SAB Invest manages over SAR 37B in assets: CEO
Thursday, September 17,2026,12:31
Ali Almansour, CEO and Managing Director of SAB Invest Ali Almansour, CEO and Managing Director of SAB Invest, said the company currently manages over SAR 37 billion in assets, up from SAR 16 billion three years ago. He added that the growth has been strong and diversified across different asset classes in the Saudi and global markets. Speaking to Argaam on the sidelines of the Money20/20 conference, Almansour said this year marks a pivotal stage in the history of the Saudi market in terms of foreign investment. The main market was opened to all categories of foreign investors, he said, adding that SAB Invest was prepared from Day 1. The company began preparations before the decision wa... .. read more..
Build Station falls to lowest since listing
Thursday, September 17,2026,12:07
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TASI: 11 stocks, 2 REITs fall to historical lows
Thursday, September 17,2026,11:46
Tadawul trading screen Shares of 11 TASI-listed firms and units of two REITs fell today,Sept. 17, 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 Lumi 25.72 (57%) September 2023 Theeb 19.57 (52%) March 2021 Tasheel 27.64 (48%) December 2024 flynas 41.16 (47%) June 2025 Entaj 20.05 (46%) March 2025 Build Station 37.10 (46%) September 2025 Takween 3.97 (46%) February 2012 Aldawaa 37.26 (42%) March 2022 SACO 17.09 (40%) May 2015 Al Arabia 53.60 (38%) November 2021 Farm Superstores 10.95 (33%) February 2014 Musharaka REIT 3.20 (26%) October 2017 Riyad REIT 4.44 (15%) November 2016 *The l... .. read more..
Maharah affiliate wins SAR 669.7M National Guard contract
Thursday, September 17,2026,09:32
Logo ofMaharah Human Resources Co. Maharah Human Resources Co. stated that Saudi Medical System (SMS) won an award from the Health Affairs Facilities of the Ministry of National Guard, valued at up to SAR 669.65 million, including VAT. SMS is an associate 40%-owned indirectly by Maharah through its wholly owned subsidiary Growth Avenue Investment Co. .. read more..
Al-Yamamah Steel signs SAR 103.1M contract to supply steel towers
Thursday, September 17,2026,09:25
Al-Yamamah Steel said the contract’s financial impact will appear in Q1 2027 Al Yamamah Steel Industries Co. signed a contract to supply steel towers to a branch of National Power Construction Corporation Ltd. (NPCC) for a 380 kV ultra-high-voltage transmission line project in the Western Region, at a value of SAR 103.14 million. In a statement to Tadawul , the company said the contract runs for one year, with supply scheduled to begin in February 2027. The company added that the contract’s financial impact will appear in Q1 2027, noting that there are no related parties. .. read more..
Tihama says ACRSD upholds dismissal of claims against MEFIC Capital
Thursday, September 17,2026,09:20
Logo of Tihama Advertising, Public Relations and Marketing Co. Tihama Advertising, Public Relations and Marketing Co. announced that the Appeal Committee for Resolution of Securities Disputes (ACRSD) issued a ruling upholding the decision of the Committee for Resolution of Securities Disputes (CRSD) to dismiss the company’s claims in its lawsuit against Middle East Financial Investment Co. (MEFIC Capital), in its capacity as manager of the Saudi Film Fund. In a statement to Tadawul , the company said the balance invested in the Saudi Film Fund was reclassified as a financial asset at fair value through profit or loss. It also reclassified comparative balances from other debit balances t... .. read more..