SDAIA starts work on world’s largest government data centre in Riyadh

Fri, 02 Jan 2026

Saudi Data and Artificial Intelligence Authority (SDAIA) has laid the foundation stone for its ‘Hexagon’ Data Centre on a 30 million sq ft area in Riyadh. Once completed, the key 480MW facility will become the world’s largest government data centre by capacity.

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GAS PRICE HIKE, SPENDING CUTS PLANNED

Bahrain unveils special reform package to bolster public finances

Thu, 01 Jan 2026

Bahrain has launched the largest financial and tax reform package in its history to address a soaring $50 billion public debt, said media reports. The key fiscal reforms plan includes raising fuel and natural gas prices and bringing changes to corporate income tax and spending cuts.

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DIVERSIFYING FUNDING

Saudi NDMC arranges $13bn loan for utilities projects

Thu, 01 Jan 2026

Saudi Arabia's National Debt Management Center (NDMC) has announced the successful arrangement of a seven-year syndicated loan amounting to $13 billion, aimed at supporting power, water, and public utilities projects.

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ANALYSIS

Investing in 2026 will reward judgment, not comfort: deVere CEO

Tue, 30 Dec 2025

Investors are likely to face a more demanding but opportunity-rich market in 2026 as they look to the year ahead to build and safeguard wealth, affirms the CEO of one of the world’s largest independent financial advisory organisations.

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INSIGHT

AI, policy divergence to shape global investment outlook in 2026

Tue, 30 Dec 2025

Rapid advances in artificial intelligence, shifting geopolitical dynamics and diverging monetary policy paths are reshaping the investment landscape as investors look ahead to 2026, according to a new Market GPS Investment Outlook from Janus Henderson Investors.

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Top This Week

Eco-luxury hospitality destination Nomad opens in Kalba

Wed, 31 Dec 2025

Nomad, Sharjah’s new eco-luxury hospitality destination in Kalba, will receive first guests today (December 31).

ACWA Power agrees to buy stakes in 5 China wind power projects

Wed, 31 Dec 2025

ACWA Power Co has announced its entry into China after securing more than 1 gigawatt (GW) of renewable energy projects, according to a stock exchange disclosure.

Riyadh airport's third runway construction works begin

Wed, 31 Dec 2025

Riyadh's King Salman International Airport (KSIA), a PIF company, has commenced construction works on the third runway, marking a strategic step that reflects continued progress in airfield development and enhances the airport’s operational readiness to support long-term growth in air traffic demand.

Natural gas accounts for 70% of Mubadala Energy production portfolio

Wed, 31 Dec 2025

Natural gas accounts for about 70 percent of Mubadala Energy’s production portfolio, the company’s Chief Operating Officer Adnan Bu Fateem said, describing 2025 as a "pivotal" year for the company’s international expansion.

Qatari Diar awards construction package for New Cairo CityGate project

Tue, 30 Dec 2025

Qatari Diar Egypt has announced that it has awarded one of the main construction packages for its premium CityGate New Cairo project to Egyptian builder Concrete Plus. The scope of work includes construction of 300 residential units in addition to infrastructure works.

Six Flags Qiddiya City opens

Tue, 30 Dec 2025

Six Flags Qiddiya City, a major new entertainment destination in Saudi Arabia, was officially opened on Monday evening under the patronage of Governor of Riyadh Region Prince Faisal bin Bandar bin Abdulaziz.

Mawani, Arabian Chemical Terminals in deal to set up storage tanks at Jubail port

Tue, 30 Dec 2025

The Saudi Ports Authority (Mawani) has signed a contract with Arabian Chemical Terminals to establish storage tanks for chemical and petrochemical materials at Jubail Commercial Port, with an investment exceeding SAR500 million on an area of 49,000 sq m.

Bahrain revises fuel prices

Tue, 30 Dec 2025

The committee responsible for setting and monitoring petroleum product prices in Bahrain has set new fuel prices in the kingdom.

Central Bank of Egypt, Afreximbank aim to set up Gold Bank

Tue, 30 Dec 2025

The Central Bank of Egypt (CBE) and African Export – Import Bank (Afreximbank) have signed a memorandum of understanding (MoU) for the establishment of a pan African Gold Bank.

SDAIA starts work on world’s largest government data centre in Riyadh

Fri, 02 Jan 2026

Saudi Data and Artificial Intelligence Authority (SDAIA) has laid the foundation stone for its ‘Hexagon’ Data Centre on a 30 million sq ft area in Riyadh. Once completed, the key 480MW facility will become the world’s largest government data centre by capacity.

Daimler Truck OEM nod for Al Maha Petroleum diesel engine oil

Thu, 01 Jan 2026

Oman-based Al Maha Petroleum Products Marketing Company has announced that its heavy-duty diesel engine oil, Ampro Dextra 15W40 CI-4, has obtained DTFR approval from Daimler Truck, confirming its official OEM approval for use in Mercedes-Benz Trucks.

Emirates serves 55.6 million passengers in 2025

Wed, 31 Dec 2025

Emirates moved 55.6 million customers, circled Earth 29,290 times on nearly 180,580 flights, and placed orders for 73 new aircraft in 2025.

Saudi Arabia concludes ninth licensing round, 172 mining sites awarded

Fri, 02 Jan 2026

Saudi Arabia has announced the names of 24 companies that have won licences in the ninth exploration licensing round, the largest in its history to date. The winning entities were awarded 172 mining sites across three mineralised belts in Riyadh, Madinah and Qassim regions.

Investing in 2026 will reward judgment, not comfort: deVere CEO

Tue, 30 Dec 2025

Investors are likely to face a more demanding but opportunity-rich market in 2026 as they look to the year ahead to build and safeguard wealth, affirms the CEO of one of the world’s largest independent financial advisory organisations.

Work starts on 35-km green corridor at King Salman Park

Tue, 30 Dec 2025

Work has begun on the Dhahrat Namar Park, a 35-km green corridor in southwest Riyadh being developed as part of the massive King Salman Park project. Spanning 2.4 million sq m, it features tree-lined pedestrian promenades, 52 km of walking trails and a 33-km cycling track.

Aster Guardians Global Nursing Award extends deadline

Wed, 31 Dec 2025

The Aster Guardians Global Nursing Award 2026, an initiative from Aster DM Healthcare – a leading integrated healthcare provider - has announced the extension of its deadline to January 11, 2026.

Serco names new Saudi corporate services head

Wed, 31 Dec 2025

Serco has appointed Maryam Alamasi as the new Head of Corporate Services for Saudi Arabia. An industry veteran, she has more than 18 years of experience in digital transformation, enterprise architecture and large-scale programme delivery.

Gold set for best year in nearly half a century

Wed, 31 Dec 2025

Gold was steady on Wednesday but remained on track for its strongest annual gain in over four decades, while other precious metals fell sharply as investors booked profits after a strong, record-setting rally.

Saudi FDI net inflows in Q3 surge 34pc to $6.6bn

Fri, 02 Jan 2026

Saudi Arabia’s foreign direct investment (FDI) net inflows for the third quarter of 2025 surged to SAR24.9 billion ($6.6 billion), up 34% over the previous year. The Q3 figure also showed a 5.2% jump when compared to the previous quarter, said a report.

SDAIA starts work on world’s largest government data centre in Riyadh

Fri, 02 Jan 2026

Saudi Data and Artificial Intelligence Authority (SDAIA) has laid the foundation stone for its ‘Hexagon’ Data Centre on a 30 million sq ft area in Riyadh. Once completed, the key 480MW facility will become the world’s largest government data centre by capacity.

Daimler Truck OEM nod for Al Maha Petroleum diesel engine oil

Thu, 01 Jan 2026

Oman-based Al Maha Petroleum Products Marketing Company has announced that its heavy-duty diesel engine oil, Ampro Dextra 15W40 CI-4, has obtained DTFR approval from Daimler Truck, confirming its official OEM approval for use in Mercedes-Benz Trucks.

Nesma lands Expo 2030 Riyadh main utilities, civil works package

Wed, 31 Dec 2025

Nesma and Partners, a leading provider of integrated project solutions, has secured the main utilities and civil works package for Expo 2030 Riyadh. The scope of work includes construction of roads within the Expo site and installation of essential utilities.

Spectacular shows, celebrations mark dawn of 2026

Thu, 01 Jan 2026

As the world welcomed the dawn of 2026, celebrations unfolded across regions and time zones, uniting cities in a shared moment of renewal.

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