Emirati Committee Reviews New Economic Legislation and Regulatory Mechanisms
Review of legislation to enhance the business environment and regulatory mechanisms for specific non-financial sectors.
Akhbar Al Watan 24 | Business & Economy
Business & Economy. Akhbar Al Watan 24 covers Saudi Arabia, the Gulf and the world, with local news, business, sports, society and technology.
Qassim craft turns date pits into value-added products
A Qassim craft experience repurposes date pits into prayer beads, connecting local resources with small industries and heritage products.
12.6 billion riyal spent at point-of-sale locations during a week
The Kingdom recorded 246.42 million point-of-sale transactions worth 12.60 billion riyals during the period from October 11 to 17, according to the weekly…
Frankincense cultivation in Najran opens processing-industry opportunities
Experiments in planting male frankincense in Najran are moving towards building a value chain that includes harvesting, processing, packaging and oil…
Nineteen hospitality projects approved with SAR 6.7 billion investment target
The first batch of the hospitality investment-enablers programme targets additional hotel rooms and jobs.
Seven contracts launch first phase of sustainable agricultural parks
The initiative covers Madinah, Tabuk and Makkah, with projected returns and jobs.
Reef support in Jazan exceeds SAR 1.2 billion for over 34,000 beneficiaries
Programme indicators include nine agricultural projects worth SAR 81.7 million in the region.
Al-Baha Pomegranate Festival Concludes with Sales Exceeding 60 Tons
The fifteenth edition brought together 50 farmers and ten producing families over five days.
Dedication of 250,000 square meters for a poultry project in Al-Lith with a 19-year contract
The Makkah branch of the Environment completed the leasing of the land and delivery of the site in preparation for implementation requirements.
Saudi Financial Media Program in Riyadh from October 18 to 22
The Financial Academy offers a second edition that combines data reading, media skills, and digital applications.
Enfaz and Al-Bilad Bank collaborate to finance the purchase of real estate assets in auctions
The agreement targets eligible participants and includes procedural coordination and electronic linkage between the two parties.
Saudi Arabia and Switzerland Explore Investment Opportunities in Health, Mining, and Financial Services
The fifteenth session of the Joint Committee discussed private sector partnerships and exchange of expertise.
SALIC transfers National Grain Company ownership to SABIL
The move integrates storage and distribution capabilities with international procurement expertise to enhance the flexibility of grain and feed supply chains…
Saudi Company Issues New Real Estate-Backed Securities Worth 420 Million Riyals
Saudi Real Estate Re-financing Company launches a locally rated issue by Moody's and Fitch to support the secondary market and long-term liquidity.
More than 50,000 new commercial registrations during the third quarter of 2026
The Ministry of Commerce bulletin tracks the growth of artificial intelligence, cloud computing, and cybersecurity activities, and the expansion of technology…
Saudi Arabia signs cooperation memorandums in energy with Kuwait, Qatar and Egypt
Three memorandums expand areas of cooperation, technologies and partnerships between the countries.
Corn Harvest in Asir Supports Local Agriculture and Rural Development
A report reviews the experiences of farmers and the conditions for grain production in the region.
Saudi EXIM Bank facilities exceed SAR 150 billion since establishment
More than SAR 50 billion was provided over 18 months to support Saudi non-oil exports and their global expansion.
Oil prices fall after decision to accelerate stockpile releases
Brent fell to $100.20 a barrel and WTI to $88.28 amid moves to increase available supplies.
Gold rises as dollar and US Treasury yields decline
Gold gained about 0.7% amid a weaker dollar, lower yields and investor anticipation of Federal Reserve meeting minutes.
Saudi point-of-sale payments rise to SAR 16.5 billion in a week
Recent data showed a 23.4% increase in point-of-sale transaction value, with notable growth in education and food and beverages.
Global equities approach record highs amid energy and yield pressures
A report on the morning of October 6 tracked global indices nearing record levels.
Oman crude priced at $110.24 a barrel for December delivery
The price increased $1.72 from the previous Friday's assessment.
Saudi Arabia chairs international meeting on monetary and financial policy coordination
Discussions precede the IMF and World Bank annual meetings.
Saudi Agriculture exhibition prepares to welcome 330 exhibitors in Riyadh
The 43rd edition begins on October 19 with 28 countries participating.
Real-estate fund worth over SAR 1.3 billion to develop Quadra in Riyadh
The announced project combines residential units with hotel, office and commercial facilities.
Six Saudi brands present franchise opportunities in Moscow
Participation in BUYBRAND included meetings on cooperation with the Russian market.
Al-Rajhi discusses social cooperation with Singaporean and Turkish counterparts
The meetings took place alongside Riyadh's Social Responsibility Forum.
Industry and Mining Entrepreneurs Week
Participating organizations introduce sector-related initiatives and services.
Day-two programme of Monsha'at Tour 2026 at Qassim Chamber
Sessions introduce the investor journey and Monsha'at's education initiatives and improve healthcare providers' insurance-operation management.