Business

SPA Riyadh, February 27, 2026 (Saudi Arabia Breaking News) – King Khalid International Airport completed a terminal relocation project from February 16 to 25, redesignating terminals to optimise operations for national and foreign carriers. Under the new layout, Terminals 1 and 2 have been assigned to national carriers’ international flights, Terminals 3 and 4 to their domestic flights, and Terminal 5 to foreign carriers’ international flights. Riyadh Airports Company Chief E

Tryano's Ramadan campaign focuses on gathering and community. Courtesy Riyadh, February 26, 2026 (Saudi Arabia Breaking News) – Ramadan has moved from a regional retail moment into a global luxury season as fashion, beauty and lifestyle brands expand product capsules, marketing and client engagement around the holy month, executives and industry figures said. Nearly two billion people observe Ramadan annually, creating one of the largest synchronized shifts in consumer behavi

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 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 18 (SABN) – The Zakat, Tax and Customs Authority (ZATCA) has urged individuals to pay their zakat voluntarily through its official “Zakat” smartphone application or via the website zakaty.zatca.gov.sa. The platform allows users to calculate zakat due on a variety of assets, including cash, gold, silver, shares, investment funds, and real estate held for trade. It generates a payment invoice, sends reminders for due dates, and calculates zakat on gold based on