Saudi Date Exports Reach Record $517 Million in 2025
Saudi Arabia's date exports surged to $517 million in 2025, a 14.3% increase from 2024 and 59.5% since 2021, driven by global demand and Vision 2030.
Category : Business
KSrelief to Build, Restore 13 Schools in Yemen
Saudi aid agency KSrelief signs agreement to build and rehabilitate 13 schools in Yemen, benefiting nearly 60,000 people, and distributes vocational kits to women.
KACST Bootcamp Targets Research Commercialization in Saudi Arabia
Saudi Arabia's KACST launches Deep Tech Commercialization Bootcamp to help research teams turn prototypes into market-ready ventures, supporting Vision 2030.
Iranian President Urges Citizens to Cut Electricity Use
Iranian President Masoud Pezeshkian calls for reduced electricity consumption, warning of US-Israeli plots to create dissatisfaction, as infrastructure strains persist.
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Six Injured in Swiss Air Evacuation at Delhi Airport
Six passengers were injured and hospitalized after a Swiss Air flight aborted takeoff due to an engine fire, leading to an emergency evacuation at Delhi's Indira Gandhi International Airport.
Pakistan moves to waive license, fees for small solar consumers
Pakistan's Power Division requests NEPRA to waive licensing fees and requirements for small-scale solar consumers up to 25kW, aiming to reduce barriers and promote clean energy.
Saudi MoUs at Hannover Messe Boost Industrial Localization
Saudi Arabia signed three MoUs at Hannover Messe 2026 to advance electrical manufacturing, smart grids, and industrial localization, aligning with Vision 2030.
Pope: Atomic Energy Only for Peace on Chernobyl Anniversary
Pope Leo XIV marked the 40th anniversary of the Chernobyl disaster, urging that atomic energy be used solely for peaceful purposes and warning of technological risks.
Jordan Domestic Exports Rise 3%, Re-exports Fall in 2026
Jordan's domestic exports increased 3% in Jan-Feb 2026, but re-exports dropped 12.6%, leading to a slight overall decline. Trade deficit narrowed.
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Asir Coffee Production Tops 82,000 Kg Before Festival
Coffee production in Asir's Rijal Almaa exceeds 82,972 kg from 764 farms, with 254,101 trees. The third Coffee Festival runs April 28-May 1.
Storage Charge Relief for Exporters Amid Gulf Shipment Delays
Pakistan announces 25-50% storage charge waivers at Karachi Port Trust terminals to support exporters affected by shipping disruptions due to the Iran war.
Saudi Tadawul Index Rises 0.11% to Close at 11,121
Saudi Arabia's Tadawul All Share Index rose 0.11% to 11,121.56, with trading turnover of SR3.59 billion. Rabigh Refining led gainers, while BAAN Holding declined.
Measles Outbreak Overwhelms Bangladesh Hospitals
Bangladesh faces its deadliest measles outbreak in years, with hospitals overwhelmed by thousands of infected children daily amid disrupted vaccination drives.
77% of Saudi startup founders consider IPO: report
A new report shows 77% of Saudi startup founders are considering IPOs, with 91% favoring the Saudi Exchange, reflecting growing confidence in public markets.
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Saudi Chemical Exports Up 18% in February
Saudi Arabia's chemical exports rose 18% year-on-year to SR6.92 billion in February 2026, driven by strong global demand and increased output.
Egypt ends 11 p.m. shop closure, lifts energy-saving rules
Egypt has suspended energy-saving measures including the 11 p.m. closure of shops, malls, and restaurants, returning to normal operating hours amid global economic shockwaves from the war on Iran.
Pakistan Opens New Transit Routes for Iran's Third-Country Goods
Pakistan has cleared transit of third-country goods to Iran through new routes, aiming to enhance regional trade amid economic stabilization efforts under an IMF program.
IMF Board to Meet Soon for $1.2 Billion Pakistan Disbursement
The IMF Executive Board will meet in coming weeks to consider a $1.2 billion loan disbursement for Pakistan, an official confirmed, as the country awaits approval for its EFF and RSF programs.
Iran War Oil Surge Spurs Pakistan Rate Hike Expectations
A survey shows 53% of respondents expect Pakistan to hike interest rates due to Iran war-driven oil price surge, with most anticipating a 50-100 bps increase.
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GCC economies resilient amid geopolitical tensions, fiscal buffers support
GCC economies remain resilient with strong fiscal buffers despite geopolitical tensions and tightening financial conditions, according to Oxford Economics. Bahrain remains most vulnerable with high debt.
Oil rises 1% as US-Iran peace talks stall
Oil prices climbed over 1% on Monday as US-Iran peace talks stalled, keeping global supplies tight. Brent crude reached $106.68 a barrel.
Saudi Awwal Bank Posts SR2.1bn Q1 Net Profit
Saudi Awwal Bank (SAB) announces SR2.1 billion net profit for Q1 2026, down 2% YoY, with stable operating income of SR3.6 billion. Retail and corporate banking show growth.
Owning IP boosts SME value by 65%: Saudi official
Saudi official says SMEs with IP rights increase economic value by up to 65%, investment appeal rises up to tenfold. Awareness and compliance levels also rise.
Endurance Athlete Launches Longevity Hub in Riyadh
Dani Afiouni, founder of Longevity Wellness Hub, opens first Saudi location in Riyadh, stressing that recovery is a biological process driving performance.
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UAE Launches $272M Fund for Industrial Resilience
The UAE has launched a 1 billion dirham fund to strengthen domestic manufacturing, secure supply chains, and expand AI use in production, supporting economic diversification.
Oman Secures $520M in Investments Across Free Zones
Oman signs investment agreements worth over $520 million across its free zones, boosting industries like EV materials, steel, and pharmaceuticals under Vision 2040.
Lenovo Riyadh Factory to Hit 2M Units by 2026
Lenovo's Riyadh factory, its largest outside China, aims to produce 2 million units annually by 2026, with plans to scale up to 8 million units in the second phase.
Saudi Lab Gets Global Nod for Equine Testing
Riyadh's animal health lab earns recognition from 33 countries to test equine diseases, boosting Saudi Arabia's role in horse trade and equestrian events.
Saudi Banks Post Record Q1 Profits of $6.4 Billion
Saudi Arabia's listed banks posted a record $6.4 billion in Q1 2026 profits, up 7.6% year-on-year, driven by Vision 2030 projects and strong lending growth.
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Pakistan, China sign deals for desalination, agriculture, tea
Pakistan and China signed three MoUs to boost cooperation in water desalination, agricultural technology, and the tea sector during President Zardari's visit to Beijing.
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