Business
UAE and Gulf investors pour money into US Treasuries as yields hit 20-year high
With 10-year US Treasury yield at its highest since 2007, analysts warn that rising rates, oil prices and regional tensions demand a balanced portfolio
Business
Business
Why the 13 Car Washes That Stopped Everything Are the Real Test for Club Car Wash
By: Robert Kensington The membership clock just reset for thirteen local franchises in the Mid-South. Club Car Wash acquired Glide Xpress on 2 October 2026. Thirteen sites will close for short renovations. They will reop...
Business
GCC remittances soar to record $161 billion in 2025, up 13.6%
Remittances of expatriates from the Gulf Cooperation Council (GCC) countries surged to a record $161 billion in 2025, registering a sharp 13.6 percent increase over the previous year 2024 and giving the GCC the world's highest collective value of outward remittances, according to the report titled 'Remittances from GCC countries abroad, 2025,' published by the GCC Statistical Center.
Business
New Saudi CMA chief plans market reforms within 90 days, eyes 30% retail share in IPOs
CMA Chairman Mazen Al-Sudairi says Saudi Arabia is preparing market reforms within 90 days, including a proposed 30% retail allocation in IPOs and new controls on short selling and algorithmic trading.
Business
Municipalities Ministry updates regulations for ice cream shops
The Ministry of Municipalities and Housing has updated regulations governing ice cream shops to regulate operations, establish food safety requirements, clarify standards for investors, and improve service quality.
Business
Saudi Arabia provides SR224 million in new budget support to Yemen
Saudi Arabia has provided more than SR224 million in new support for Yemen's budget to help fund salaries and operational expenses and strengthen economic stability.
Business
OPEC+ agree to keep oil output level unchanged for November
The Organization of the Petroleum Exporting Countries and its allies (OPEC+), agreed to keep their oil output level unchanged for the second consecutive month in November, OPEC said in a statement on Sunday.
Business
Thirteen Stores, One Membership Clock
By: Robert Sterling – SeaPRwire – Local car-wash memberships just became temporary. Club Car Wash has taken over Glide Xpress. Thirteen Mid-South sites will close for short renovations and reopen under a new brand. Prici...
Business
Dubai to expand CommerCity in push for digital economy growth | The National
The $272.2m expansion will be delivered in phases starting from first quarter of 2027
Business
EU weighs cost of open trade policy with China
EU weighs cost of open trade policy with China
Business
Closing Bell: Saudi stocks regain ground as TASI jumps 1.1%
Closing Bell: Saudi stocks regain ground as TASI jumps 1.1%
Business
Al-Moammar Receives First Work Order Under HUMAIN Agreement, Worth More Than 148% of 2025 Revenue
Al-Moammar Information Systems Company (MIS) has received its first work order under its agreement with HUMAIN, with a total value exceeding 148 percent of the company's total revenue for 2025, including value-added tax. In a statement on Saudi Exchange on Sunday, the company said Work Order No. 1, received on October 1, covers the scope of work related to a capacity of 50 megawatts. This was the scope previously announced as part of a project to design and build data centers dedicated to artificial intelligence technologies.
Business
OPEC+ Agrees to Keep November Oil Output Targets Steady
OPEC+ agreed to keep oil production targets steady for November at a meeting on Sunday, the producer group said, in line with expectations that further output policy adjustments are unlikely until next year. Seven core members of the group comprising the Organization of the Petroleum Exporting Countries and allies including Russia made the decision for November in a brief online meeting on Sunday. The core members are Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman.
Business
Saudi Arabia Announces Results of Natural Gas Distribution Licensing Competition in Al-Kharj
The Ministry of Energy today announced the results of a competition for a license to establish, own, and operate a natural gas distribution network in the industrial city of Al-Kharj in central Saudi Arabia. The ministry had previously invited interested investors to participate in the competition to obtain the license and completed the procedures for qualifying bidders, launching the competition, and evaluating the bids.
Business
Saudi Arabia charts a resilient fiscal course for 2027
Saudi Arabia charts a resilient fiscal course for 2027
Business
OPEC+ agrees to keep November oil output targets steady
OPEC+ agrees to keep November oil output targets steady
Business
AlUla expands global travel network with 7 new destination management companies
AlUla has expanded its Preferred Destination Management Company Program by adding seven new partners, increasing its total network to 19 to boost international tourism. The new DMCs will assist with travel planning and operations across various global markets, and this expansion coincides with infrastructure improvements at AlUla International Airport, which has increased its capacity to accommodate more visitors.