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Friday, Sep 11, 2026
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Saudi Public Investment Fund Assets Surpass $1.2 Trillion as Profit More Than Doubles

Saudi Arabia’s Public Investment Fund said assets exceeded $1.2 trillion while annual net profit rose to more than 65 billion riyals, strengthening its capacity to finance Vision 2030 projects and domestic investment.
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Saudi Press Agency Launches Journalism Training Academy in Riyadh

Media Minister Salman bin Yousif Al Dossary inaugurated a new Saudi Press Agency academy that will work with international business schools to provide professional training for ...

Saudi Arabia Says 97% of Public Services Are Fully Digitized

The Kingdom said more than 97% of government services are now digital, with biometric authentication supporting customs, licensing and tax procedures for citizens and foreign in...

Sindalah Completes Tourism Facilities as Neom Expands Luxury Red Sea Offering

Neom’s Sindalah island development completed hospitality and yachting facilities, bringing the luxury maritime destination to operational readiness as Saudi Arabia expands its h...

Trojena Accelerates Construction Ahead of Asian Winter Games

Neom developers reported progress on hospitality and sporting infrastructure at the Trojena mountain resort as work continues toward the deadline for hosting the Asian Winter Ga...

Public Investment Fund Creates Company to Develop Riyadh Expo 2030 Infrastructure

Saudi Arabia’s sovereign wealth fund established Expo 2030 Riyadh Company to design, build and manage exhibition facilities intended to support construction, tourism and private...

Saudi Crown Prince Weighs Military Response Against Effort to Preserve Yemen Detente

Crown Prince Mohammed bin Salman faces pressure to restore deterrence after renewed Houthi attacks while seeking to preserve Saudi Arabia’s broader diplomatic disengagement from...

Saudi Arabia Prepares Global AI Summit in Riyadh as Technology Investment Expands

Saudi Arabia will host technology executives at the King Abdulaziz International Convention Centre for discussions on artificial intelligence regulation and development as the K...

Saudi Banks Use Localized AI Models to Cut Operating Costs

Saudi National Bank, Saudi Awwal Bank and other financial institutions are deploying artificial intelligence in credit underwriting and risk assessment, with reported transactio...

Neom Green Hydrogen Project Advances Toward 600-Tonne Daily Production Target

The ACWA Power and Air Products-backed venture reported further construction progress on its solar- and wind-powered facility, which is designed to produce 600 tonnes of green h...

Saudi Public Investment Fund Prices Debut €1.6 Billion Green Bond

The Public Investment Fund completed its first euro-denominated green bond offering, raising €1.6 billion after investor demand exceeded the available securities by more than si...

Saudi Unemployment Falls to 7% as Female Labor Participation Exceeds 34%

Saudi Arabia reached its Vision 2030 unemployment target six years early as private-sector hiring expanded and female labor-force participation climbed above 34%.

Neom Restructures $16 Billion in Contractor Agreements to Shift Investment Priorities

Neom is terminating several long-term construction contracts and redirecting spending toward digital infrastructure, artificial intelligence and tourism assets as the $500 billi...
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