Saudi Arabias Venture Capital Activity Slows 74% in First Half of 2026
In the first half of 2026, venture‑capital (VC) activity in Saudi Arabia fell sharply, with total investment value dro...
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SABIC Declares SAR 1.1 per Share Dividend for First Half 2026
On July 28, Saudi Basic Industries Corp. (SABIC) announced that its board of directors has approved a cash dividend of S...
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Purity Tech Secures 3-Year Oracle Services Agreement with PIF-Backed TASAMA Business Services
On July 22, Purity for Information Technology Co. (Purity Tech) announced it had signed a three‑year master services a...
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ProMedEx and Beijing Synapsor Form Joint Venture to Build Single-Use Medical Facility in Saudi Arabia
On 13 July 2026, Professional Medical Expertise Company (ProMedEx) and Beijing Synapsor Artificial Intelligence Co., Ltd...
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Flyadeal Launches Daily Riyadh-Hyderabad Flights, Marking First Saudi Low-Cost Carrier Route to India
Flyadeal’s inaugural flight to India landed at Rajiv Gandhi International Airport (RGIA) in Shamshabad on July 1 2026,...
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Riyadh Air to Launch Daily Mumbai-Riyadh Flights on Aug. 4, Expanding Saudi-India Connectivity
Riyadh Air will begin daily nonstop flights between Riyadh, Saudi Arabia, and Mumbai, India, on Aug. 4, 2026. The new se...
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Al Majed for Oud Pursues Regional Expansion with Planned Acquisition of Al Safa Pharmaceuticals
On 13 June, Riyadh‑based Al Majed for Oud announced a non‑binding agreement to acquire Al Safa Pharmaceuticals and M...
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Saudi Ministry of Commerce Blocks E-Store Over Delivery and Refund Violations
The Saudi Ministry of Commerce announced today that it has suspended an online retailer that sells household electrical ...
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LIV Golf Faces Funding Cliff as Saudi PIF Pulls Back After 2026 Season
When Scott O’Neil, the CEO of LIV Golf, appeared on CNBC this Tuesday, he made it clear that the breakaway tour’s fu...
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Pakistan, Saudi Arabia Sign MoU to Develop 140-Acre Karachi Waterfront into Maritime Business District
On 6 June 2026, Pakistan’s Federal Maritime Affairs Ministry announced a memorandum of understanding (MoU) with Saudi ...
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