Business

Saudi Aviation Chief Calls for Regional Coordination as Middle East Passenger Traffic Falls 20% | SPA DOHA, October 27 (Saudi Arabia Breaking News) – Saudi Arabia’s aviation regulator called for closer regional coordination and stronger emergency planning as passenger traffic in the Middle East fell approximately 20% in the first eight months of 2026. General Authority of Civil Aviation President Abdulaziz Al-Duailej cited International Air Transport Association data for the

IMI Signs SAR1.692 Billion Contract to Build Three Crude Carriers for Bahri | 📷spa RIYADH, October 25 (Saudi Arabia Breaking News) - International Maritime Industries has signed a contract worth approximately SAR1.692 billion to build three very large crude carriers for Bahri, with deliveries scheduled between 2029 and 2030. Each vessel will have a deadweight capacity of 320,000 tons and incorporate energy-efficiency technologies. The agreement was signed on the sidelines of

Boulevard World Tickets Go on Sale Ahead of October 30 Opening | 📷SPA RIYADH, October 24 (Saudi Arabia Breaking News) - Tickets for Boulevard World went on sale through Webook on Saturday ahead of the Riyadh Season destination’s scheduled opening on October 30. The attraction returns for its fifth consecutive year since launching in 2022, as part of the seventh edition of Riyadh Season. Its cultural zones feature markets, restaurants, shops and performances inspired by count

Saudi-Pakistan Real Estate Expo Opens in Lahore with 19 Participating Entities LAHORE, October 22 (Saudi Arabia Breaking News) - Saudi real estate companies and developers are presenting residential and investment projects to prospective buyers and investors in Pakistan at the Saudi-Pakistan Real Estate Expo 2026 in Lahore. The exhibition, running from October 21 to 23, brings together 19 participating entities and features projects in Makkah, Madinah, Riyadh and Jeddah. Visi

A view shows the building of Norway’s central bank (Norges Bank) in Oslo, Norway, June 23, 2022. REUTERS/Victoria Klesty OSLO, October 22 (Saudi Arabia Breaking News) - Norway’s sovereign wealth fund reported a third-quarter loss of 278 billion Norwegian crowns ($29.71 billion) on Thursday, as rising interest rates weighed on its fixed-income investments. The $2.3 trillion fund recorded a return of minus 0.5% on its global portfolio during the quarter. Deputy Chief Executive

Saudi Arabia Advances Naval Modernization Through Sarawat and Tuwaiq Projects | 📷SPA RIYADH, October 22 (Saudi Arabia Breaking News) - Saudi Arabia is expanding its naval capabilities through two programs combining new warships with domestic systems integration, crew training and upgrades to naval bases, as the Ministry of Defense develops a fleet to protect the Kingdom’s coastlines and maritime routes. The Sarawat and Tuwaiq projects cover eight Avante 2200 corvettes and fo

ZATCA Sets October 31 Deadline for September and Third-Quarter VAT Return RIYADH, October 20 (Saudi Arabia Breaking News) - Saudi Arabia’s Zakat, Tax and Customs Authority has urged businesses subject to value-added tax to submit their September or third-quarter returns and pay the tax due by October 31, 2026. Businesses with annual supplies of goods and services exceeding SAR40 million must submit returns for September. Those whose annual supplies do not exceed SAR40 million

Agricultural Development Fund Showcases Financing at Saudi Agriculture Exhibition | 📷SPA RIYADH, October 20 (Saudi Arabia Breaking News) - Saudi Arabia’s Agricultural Development Fund is presenting financing programmes and advisory services for agricultural businesses at the 43rd Saudi Agriculture Exhibition, running from October 19 to 22 at the Riyadh International Convention and Exhibition Center. The fund’s participation focuses on financing agricultural projects, improvi