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Agriculture
Saudi Ground, Tanmiah Food, Fakeeh Care, Al Mawarid, Saudi Manpower report 2Q 2026 earnings
Higher expenses related to the Hajj and Umrah season dragged Saudi Ground Services’ figures
Nadec unit breaks ground on SAR 2 bn livestock facility in Hail
Nadec had secured a SAR 1.1 bn loan to finance the project
Smart food city is in the works in Najran
The Najran Investment Forum wrapped up with SAR 639 mn in signed agreements
Over SAR 428 mn in Saudi-Dutch agriculture agreements signed in Amsterdam
Among them is a SAR 76 mn investment to establish a French fries factory
Automotive
Lucid opts for cost-cutting as financials dim EV prospects
The company plans to trim USD 1.4 bn in expenses to reduce its losses and…
Chery to return to the Saudi market
Good morning, all. Our big story today is all about Burjeel Holdings’ Saudi expansion —…
Lucid starts fresh with new CEO + new funds from PIF, Uber
Funds including PIF, Mubadala, and QIA deployed nearly USD 25 bn in 1Q 2026, despite…
Trump says regional war is approaching its end
Morgan Stanley upgraded Saudi’s rating to “overweight”
Banking
Saudi banks’ deposits outpace lending in 2Q
Deposits grew 2.7% q-o-q while net loans and advances rose 1.8%, bringing the loan-to-deposit ratio…
Public-sector borrowing led Saudi bank credit growth in August
Credit kept growing faster than money supply, and new import orders jumped on a one-off…
Public-sector borrowing outpaces private credit at Saudi banks
Net foreign assets edged up in July as commercial banks narrowed their foreign asset deficit
My Morning Routine: Fadi Al Awami, founder of The Consultation Center
On the move from banking to advisory, the fintech-versus-banks question, and the data that lenders…
Basic materials
More flights to China in the cards? Plus: Tourism, healthcare, manufacturing
Plus: Amazon pays USD 1.9 mn to contract workers after finding labor issues in its…
Capital markets
Saudi stocks pull back on geopolitical risk and higher rates, not a structural shift
The Tadawul fell 9.2% y-o-y, with September doing most of the damage as regional tensions,…
Gulf stock exchanges are growing in importance, but they’re still a long way from becoming capital market hubs -Fitch
The diagnosis lands in a year when UAE and Saudi IPOs have all but dried…
CMA wants banks to guarantee IPOs and investors to fund their bids
The rules aim to close the gap between headline oversubscription and the demand that actually…
Saudi Exchange clears Albilad Capital as market maker for three ETFs
Plus: 2P renews, tops up shariah-compliant facility with BSF
Climate
Saudi leads the fight against new IMO levy on shipping emissions
A Saudi-led statement to the IMO warned that the new levy could “endanger exports from…
Environment Fund unveils SAR 1 bn green financing initiative
The program aims to attract private sector investment
FDI + oil ports make the rounds
Ras Tanura and Yanbu oil ports are threatened by rising sea levels
COP16 drought talks end without agreement
Twelve days of talks come to a close with no agreement on strategies to fight…
Commodities
Saudi General Food Security Authority awards latest wheat tender
Plus: Jamjoom Pharma to acquire Pfizer’s KAEC manufacturing plant
BIS flags bubble-like conditions in gold, US equities
The bank noted this is the first time in at least five decades that equities…
Sabco, Bechtel Australia tapped for new Maaden gold mine
The 3.6 mn-ounce mine is set to produce 300k ounces annually
Trump’s steel, aluminum tariffs plan sees non-US metal stocks fall and US steel stocks rise
Analysts are warning of stagflation risks as Trump's new trade war escalation fuels market uncertainty
Construction
Saudi builders adjust to longer lead times as shortages persist
The shift in resourcing and planning is easing the initial cost and delivery shock, though…
Saudi construction cost growth held in August, with labor and operated machinery the hottest lines
The blended figure held near 2%, but machinery hired with an operator rose as much…
Al Yamama takes the infrastructure contract for Humain’s 6 GW Riyadh AI campus
Al Yamama’s contract covers the power backbone needed to turn Humain’s 6-GW AI plans into…
BRKZ raises USD 31 mn Series B as revenue set to triple
Plus: Al Majdiah, Capital Hill sign on for SAR 2.8 bn Knowledge Economic City mixed-use…
E-commerce
Aya bags SAR 26 mn in a Series A round led by Raed Ventures
The fresh funds will be used to support Aya’s next stage of expansion
Dar Al Majed + SPM secure shariah-compliant financing
PLUS: Naqel Express taps India’s Unicommerce for e-commerce logistics
Lifestyle malls, digital adoption drive Saudi retail market
Riyadh leads Saudi retail with 4.17 mn sqm GLA and 2.2 mn more due by…
Parsons secures SAR 210 mn contract for Diriyah Phase 2 development
ALSO- 2P locks in a SAR 426.3 mn shariah-compliant credit facility from Saudi Awwal Bank
Education
THIS MORNING: Saudia Group is lining up what could be its largest aircraft order yet
Plus: Alephya wants a majority stake in Ajialuna
Saudi 15-year-olds struggle to apply what they learn, OECD report shows
Beyond the averages, the bigger hurdle is applying paper knowledge to real situations
Acdima is selling its 10.49% stake in Spimaco, Egypt’s 3C Coding School targets Saudi
PLUS: Egyptian edtech 3C Coding School will target Saudi Arabia as next growth market.
Ashmore closes in on a third Riyadh school agreement as institutional money rolls up Saudi K-12
The platform is aiming for a capacity of more than 15.5k students in the coming…
Energy
Aramco weighs discounts on Oman ship-to-ship crude as exports climb
The handoff for most barrels is happening offshore, pushing up freight costs and transfer times
Aramco is splitting off its gas business into a separate division as it explores a minority float
The Jafurah leaseback has already tested outside capital in Aramco's gas business, and a standalone…
Saudi Arabia plans domestic uranium value chain
The Kingdom is pursuing three main tracks to develop its uranium resources
Al Yamamah Steel leans into power and renewables as the construction pipeline thins
CEO Sahal Al Thobaiti sees a soft market and thin project pipeline, and a diversified…
Finance
Nvidia targets USD 500 bn in third-party financing to fuel AI data center boom
The chipmaker is teaming up with Wall Street giants to create a standalone financing platform,…
Hong Kong and Turkey are both making a play for the wealthy expats London and the Gulf are losing
Dubai and Abu Dhabi's safe-haven status has taken a hit — and Istanbul and Hong…
Spice wants to fill fine dining’s funding gap with an alternative model
Restaurants get funding upfront by pre-purchasing dining credit
Railways galore
Plus: Globalization is dead, Mohamed El Erian says
Food
Milaf Global to consolidate PIF’s food and beverage brands
Each brand is rooted in something Saudi Arabia actually has
Ninja mulls bid for Delivery Hero’s Middle East portfolio
Ninja is weighing an entry into Delivery Hero’s asset carve-up, focusing first on HungerStation amid…
HPDC finalizes its SAR 8 bn investment in MBRF’s Sadia Halal
Sadia is currently gearing up for a Tadawul listing
The Iran war could force a rewrite of Saudi ’s food security strategy
Saudi still relies heavily on imports to meet its food security needs
Healthcare
Acwa Power-led consortium brings world's largest off-grid renewable utility system online at Red Sea
Plus: Flynas buys 10% stake in Swissport Saudi
New healthcare ins. product to cover outpatient care without pre-approval
The new product will be available to ins. customers from 1 November
Al Fagih is now a Fakeeh subsidiary as SAR 1.6 bn acquisition closes
The SAR 1.6 bn transaction includes a SAR 100 mn placed in escrow
Burjeel Holdings focusing Saudi expansion on specialized day surgery centers
The first center is expected to open in Khobar in early 2027, followed by Riyadh…
Infrastructure
Humain’s buildout picks up an Egyptian-Indian crew
Phase one covers 16.2 MW over 16 months; the program behind it is heading to…
SAR arranges Swiss-backed financing for 10 Stadler trains as it expands rail capacity
Plus: Mahart Al Injaz lands SAR 148.5 mn contract for SMC 3 Hospital in Riyadh
King Abdulaziz Int’l Airport Terminal Four is now operational
Plus: WSM is going public with its sukuk program
MIS locks in its fivefold data center expansion for Humain
Plus: PIF launches its own supply-chain financing platform
Hospitality + tourism
Domestic demand props up Saudi tourism headcount as war dents high-spending foreign arrivals
The number of tourists may have grown in 1Q 2026, but spending is down even…
Saudi Arabia is getting another Amaala wellness resort this month
The resort will build stays around individual health goals, from weight loss and fitness to…
Spark to get a plug-and-play factory, Asmo eyes build out, doors open at Amaala
The plug-and-play model is an answer to localization mandates tightening around major Saudi tenders
Taiba locks in SAR 2.4 bn Madinah hotels JV with Osool
The duo will collaborate to develop and operate three hotels in Madinah
Law
Coco Gauff takes home WTA Finals trophy in Riyadh
PLUS: Sama cuts rates, following in the Fed’s footsteps
Saudi-Brazilian venture eyes 26% stake in Addoha Poultry
PLUS: Ades Holding closes Southeast Asia’s jack-up rigs acquisition
Manufacturing
THIS MORNING: Red Sea Film Festival canceled
Plus: Ceer unveils its first two EVs
SWA moves to manufacture desalination energy-recovery devices domestically
The SWA partnered with Energy Recovery to build the first non-US ERD manufacturing plant
Saudi IPI rebounds 5.1% in 2025, but the gains are still running on hydrocarbons
The IPI rose by 5.1% y-o-y, with oil activities expanding by 5.4% y-o-y
India’s Man Industries pivots to KSA localization with USD 102 mn NPC acquisition
The acquisition gives the Indian pipe manufacturer an immediate shortcut to meet Aramco’s strict local…
Mining
Aramco is betting 90 years of data can unlock Saudi’s copper potential
The Saudi copper hunt comes as demand for the mineral rises across energy and transport
Aramco partners with Maaden to expand mining collaboration
The partnership targets an exploration zone covering around 182k sq km — equivalent to roughly…
Americana in Adnoc stations, Local firms awarded gravel sites, Fintech Arib raises USD 23.5 mn
Americana Restaurants and Adnoc partner for a multi-market outlet expansion plan
Investors are piling into mining and metals
Inflows into the assets, which are powering AI, defense, and energy, are on the up
Oil + gas
Midad Energy goes big on Algerian gas
Plus: Saudi-Syrian Business Council is setting up an institutional framework to smooth company entry
THIS MORNING: Aramco’s export route repairs are 80% complete
Opec+ meets today to decide its November output
THIS MORNING: Riyadh reroutes crude as Houthis strike airbase, talks stall
Plus: Citigroup is doubling down on Riyadh
Cabinet ties land-transfer registration to settling White Land fees
PLUS: Aramco offers more crude for loading outside the Strait of Hormuz
Petrochemicals
Farabi inaugurates USD 950 mn petrochem plant in Yanbu
The facility expands Farabi’s annual LAB capacity by 120k tons
New petroleum law requires companies, exporters to obtain license
The new law enforces strict penalties, including fines up to SAR 30 mn and prison…
KSA + Philippines ink energy MoU on energy
PLUS: Petro Rabigh and China’s Jiahua Chemicals mull new petrochem facility in Rabigh
Aramco reportedly scraps plans for Ras Al Khair refining and chemical plant
The oil giant is gearing its downstream operations towards Asia
Private equity
Private equity firms turn to debt-funded payouts as exit bottleneck drags on
Higher rates and valuation gaps are leaving portfolio companies trapped, pushing buyout firms toward dividend…
Is an uptick in BDC bond sales offering reprieve for private credit?
BDCs issued nearly USD 8.4 bn since the start of April
Financial watchdog warns of gaps in USD 2 tn private credit sector
Opaqueness and a lack of data are making the outlook murkier, just as more and…
Is market panic about private credit overblown?
Conservative structure and long-term capital lock support the sector against disruptions
Real Estate
Four new rigs push Arabian Drilling to a record backlog
Plus: Umm Al Qura sells its third Masar plot in under two weeks
Saudi rental transactions jump as home sales fall on buyer caution
The value of real estate transactions in Saudi Arabia fell 15% y-o-y to SAR 24.4…
Private capital joins Expo 2030 Riyadh with SAR 3.2 bn JV
The 2.3k-unit Expo Village is designed to serve the six-month event and endure as a…
Gulf Coast Real Estate Development to break ground on Al Khafji coastal development this year
Plus: Alramz secures SAR 500 mn in financing from Al Rajhi
SMEs
KEC puts another Madinah land parcel into partner-funded development
KEC is extending a model used across two other Madinah projects to monetize its land…
Holo’s Shabab Al Qarni on technology and the changing Saudi property journey
More information hasn’t made buying any easier — the hard part is working out which…
The Makkah defense pact holds its first committee talks in Istanbul
PLUS: A Saudi-Egyptian consortium sets up a cross-border real estate fund
REGA leaves door open on more foreign-ownership zones, but won’t say when
REGA said that geographic zones for foreign real estate ownership can expand over time, while…
Sports
THIS MORNING: Riyadh, Abu Dhabi could be mending fences
Plus: Crude loadings at Yanbu resume
A RedBird-led consortium is in talks to buy into Al Nassr, PIF’s next club up for sale
It would be PIF’s second Saudi Pro League exit in six months, after April’s Al…
Alwaleed’s Kingdom Holding completes Al Hilal purchase as PIF starts bringing in club co-owners
A record-earning club changes hands as PIF starts loosening its grip on Saudi football
Al Shabab’s real estate value makes it an attractive, but more complicated, investment case
The football club was left out of the privatisation lists despite investor demand
Tech
Tech Mahindra’s IMEA head on Saudi AI demand and the plan through 2030
The company’s regional head discusses where AI is paying off for Saudi enterprises and how…
Humain scales up 2027 data center target as it aims for a self-funding buildout
Humain is working on locking in global customers first and using those contracts to raise…
Why a Saudi AI founder thinks local enterprises need AI built for the Kingdom
“As a founder, there’s always more to do than there are hours for it, so…
Leap day four: Saudi founders raise more than USD 41 mn
Leap gave investors and founders a platform to restart Saudi’s VC dealflow
Telecoms
Deloitte invests in AI to scale Saudi unit
The company will focus on scaling AI value, enhancing cyber resilience, and building executive governance…
Humain is funding a two-track AI buildout
Bankable offtake agreements are letting the AI arm raise debt faster, not slower, as the…
Startup funding + venture investments at Leap top USD 293 mn
The third day of the conference also saw a handful of data center and AI…
Silicon Valley tech firm doubles Saudi team on AI demand
NetApp has been operating in Saudi Arabia for nearly two decades
Trade + Logistics
Regional shipping disruptions cut trade surplus 25% in July
Regional shipping disruptions contributed to a 25% y-o-y narrowing the trade flow
Trade surplus falls 10% in June as oil exports slip
Saudi trade surplus contracted as Red Sea rerouting added to export costs
Rime raises seed round, five-year pipe duties, Riyadh Air expands Asia network
Saudi Arabia imposed final anti-dumping duties on imports of ductile cast iron pipes from India
AGSI’s Robert Mogielnicki on the import side of Saudi’s blockade
For now it’s constraint management, not crisis, but the longer the Houthis stay active, the…
Transport
Saudi’s Syria push gets roads, rails and data links
The transport agreements open the door to Saudi private capital in Syria’s rebuild, with banking,…
Alramz, Assayel go in on SAR 370 mn real estate fund, 3 years to go for our rail link with Turkey
Saudi and Turkish railway operators are looking to cooperate on rail infrastructure
THIS MORNING: A sub 4% deficit? Only if Hormuz reopens for Saudi Crude exports
Autonomous buses are coming to Quba Mosque
Alkhorayef brings China’s Sany Trucks to Saudi
It will enter the Kingdom through an integrated sales and services model