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WAM Dubai, February 23, 2026 (Saudi Arabia Breaking News) – Arada awarded the main construction contract for W Residences at Dubai Harbour to UAE-based Engineering Contracting Company (LLC) under an agreement valued at AED1.55 billion. The contract covers delivery of all three towers of the waterfront development. Early and enabling works, including excavation and piling, have begun following the award of a separate AED51 million contract to APCC Piling & Marine Contracting.

SPA Washington, February 21, 2026 (Saudi Arabia Breaking News) – President Donald Trump said on Saturday he will raise the temporary global tariff rate on imported goods from 10% to 15% after the U.S. Supreme Court ruled against tariffs imposed under an economic emergency law. Trump had earlier announced a 10% global tariff after the court deemed his administration’s reciprocal tariffs illegal. In a 6–3 decision, the Supreme Court ruled Trump overstepped his legal authority b

SPA New Delhi, February 21, 2026 (Saudi Arabia Breaking News) – Saudi Data and Artificial Intelligence Authority (SDAIA) President Dr. Abdullah Alghamdi said Saudi Arabia has become the first Arab nation to join the Global Partnership on Artificial Intelligence (GPAI). Speaking at the India AI Impact Summit 2026, Alghamdi described the move as supporting the responsible and reliable use of artificial intelligence. He said Saudi Arabia ranks third globally in contributions to

SPA New Delhi, February 20, 2026 (Saudi Arabia Breaking News) – Indian Prime Minister Narendra Modi and Saudi Data and Artificial Intelligence Authority (SDAIA) President Dr. Abdullah Alghamdi discussed expanding bilateral cooperation in data and artificial intelligence during a meeting on the sidelines of the India AI Impact Summit 2026. The talks focused on knowledge transfer and the exchange of expertise aimed at accelerating digital development in both countries. Alghamdi

SPA Riyadh, February 20, 2026 (Saudi Arabia Breaking News) – The Zakat, Tax and Customs Authority (ZATCA) has called on businesses with annual supplies exceeding SAR40 million to submit their Value Added Tax (VAT) returns for January 2026 by February 28. ZATCA warned that late submissions will be subject to penalties ranging from 5% to 25% of the tax due. The authority encouraged taxpayers to file and pay through its official website or mobile application to ensure complianc

SPA Riyadh, February 18 (SABN) – Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner in the airline category. The agreement includes the development of special travel packages to enable visitors to experience the Kingdom’s world-class attractions. As part of the partnership, Saudia will feature special aircraft branding across its fleet, bringing the spirit of Six Flags and Aquarabia Qid

Riyadh, February 16, 2026 (Saudi Arabia Breaking News) – Japan’s economy expanded at an annualised real rate of 0.2% in the October–December period, marking the first growth in two quarters, according to government data released on Monday. Real gross domestic product rose 0.1% from the July–September period, based on a preliminary report by the Cabinet Office. For the full year 2025, nominal GDP increased 4.5% from the previous year to 662.79 trillion yen ($4.3 trillion), Kyo

SPA Dubai, February 15, 2026 (Saudi Arabia Breaking News) – Emaar Properties PJSC (DFM: EMAAR) reported record financial and operational results for the full year 2025, driven by strong demand across its property development, retail, hospitality, and international businesses. The company achieved its highest-ever revenue, reaching AED 49.6 billion (US$13.5 billion), a 40% increase compared to 2024, primarily due to strong domestic operations. EBITDA rose to AED 25.6 billion (

U.S. President Donald Trump looks on as he makes an announcement on the repeal of a scientific finding that greenhouse gas emissions endanger human health, removing the legal basis for federal climate regulations, at the White House in Washington, D.C., U.S., February 12, 2026. REUTERS/Jonathan Ernst Washington, February 14, 2026 (Reuters via Saudi Arabia Breaking News) – U.S. President Donald Trump is expected to attend Saudi Arabia’s Future Investment Initiative (FII) confe

A Lukoil fuel station is pictured in Newark, New Jersey, U.S., March 3, 2022. REUTERS/Eduardo Munoz Riyadh, February 13, 2026 (Reuters via Saudi Arabia Breaking News) – Saudi-backed Midad Energy has signed a term sheet to acquire Russia’s sanctioned Lukoil assets, in a deal contingent on U.S. regulatory approval, three sources familiar with the matter said. The agreement, signed in late January, covers all targeted assets. Midad has placed its all-cash offer in escrow while a

SPA Riyadh, February 13, 2026 (Saudi Arabia Breaking News) – The Indonesian pavilion at the third edition of the World Defense Show in Riyadh showcased a range of advanced military and security technologies, highlighting the diversity of the global defense industry. The pavilion featured defense products, integrated solutions, research and development services, and technologies designed to enhance operational readiness and improve the efficiency of military systems. The World

SPA Riyadh, February 13, 2026 (Saudi Arabia Breaking News) – The third edition of the World Defense Show 2026 concluded on Thursday in Riyadh after five days of international engagement. The biennial exhibition, organized by the General Authority for Military Industries (GAMI) under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, attracted record participation from the global defense sector. The event featured 1,486 exhibitors from 89 cou

Dubai, February 12, 2026 (Saudi Arabia Breaking News) – Dubai International Airport (DXB) welcomed 95.2 million passengers in 2025, up 3.1% from the previous year, marking the busiest year in the airport’s history and the highest annual international passenger traffic recorded at any airport. DXB achieved record levels across the year, including its busiest day, month, quarter, and annual totals. December was the busiest month with 8.7 million passengers, while the fourth qua

SPA Riyadh, Saudi Arabia, February 12, 2026 (Saudi Arabia Breaking News) – Bulgarian companies are presenting their latest military and security technologies at the third edition of the World Defense Show 2026 in Riyadh. The exhibitors are showcasing models of weapons and ammunition, military spare parts manufacturing services, and specialized engineering solutions for the defense sector. Their participation has attracted attention from international specialists in military a

SPA Riyadh, February 10, 2026 (Saudi Arabia Breaking News) – Saudi Arabia’s tourism sector saw significant growth in 2025, setting new records for spending and visitor numbers, Minister of Tourism Ahmed Al-Khateeb said during the Public Investment Fund Private Sector Forum. Al-Khateeb noted that the sector’s contribution to GDP has risen from 3.5% in 2019 to 5%, with a target of 10%, and that employment has surpassed one million, up from around 750,000. He emphasized the role

SPA RIYADH, February 10, 2026 (Saudi Arabia Breaking News) – Saudi Arabia and Spain signed two memoranda of understanding on Tuesday to strengthen cooperation in civil aviation and future modes of transportation. Saudi Minister of Transport and Logistic Services Saleh Al-Jasser and Spain’s Minister of Transport and Sustainable Mobility Óscar Puente signed the agreements at the Saudi transport ministry headquarters in Riyadh. The memoranda aim to develop technical, regulatory

SPA Riyadh, February 10, 2026 (Saudi Arabia Breaking News) – Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef said the kingdom is committed to deepening industrial and investment partnerships with Russia and pursuing joint opportunities in priority sectors, the Saudi Press Agency reported on Tuesday. Alkhorayef delivered the remarks in a keynote address at the International Industrial Exhibition “INNOPROM. Saudi Arabia” in Riyadh, which runs through