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Umm Al Qura Sells Masar Destination Plot in Makkah for SR139 Million to Make Way for Hospitality Tower

Umm Al Qura for Development and Construction has agreed to sell a 3,217-square-meter plot in Makkah's Masar Destination for SR138.98 million, more than twice its book value.

Saudi Tadawul Group Third-Quarter Profit Falls 41.8% to SR48.1 Million as Trading Revenue Drops

Saudi Tadawul Group's third-quarter net profit fell 41.8% to SR48.1 million as lower trading revenue and higher depreciation costs weighed on earnings.

Kuwait’s Securities House Partners With Saudi Developer Asas Makeen on 126-Unit Riyadh Residential Project

Kuwait's Securities House has signed an agreement with Saudi-listed Asas Makeen and other partners to acquire and develop a 126-unit residential complex in north Riyadh.

Alpha Dhabi Commits $1 Billion to Alpha Wave III Fund to Widen Its Exposure to AI Companies

Abu Dhabi-listed Alpha Dhabi Holding has agreed to commit $1 billion (AED3.67 billion) to Alpha Wave III, a global fund managed by Alpha Wave Global that will focus on artificial intelligence.

Salam International Nine-Month Profit Rises 3% to QR76.5 Million as Third-Quarter Earnings Fall 11.6%

Salam International Investment's net profit for the first nine months of 2026 rose 3.06% to QR76.458 million, while third-quarter earnings fell 11.6%.

Saudi Arabia to Store Crude Oil in Singapore’s Jurong Rock Caverns From Second Half of 2027

Saudi Arabia plans to store crude oil in Singapore's Jurong Rock Caverns from the second half of 2027, after Singapore's energy regulator and JTC exchanged a memorandum of understanding with Saudi Aramco.

PIF’s Sela Signs 10-Year Deal to Host Red Sea Yacht Show in Jeddah, Targets More Than $500 Million Impact in First Edition

Sela, owned by Saudi Arabia's Public Investment Fund, signed a 10-year agreement with Tahaluf to host the Red Sea Yacht Show in Jeddah, with the first edition in October 2027 targeting an economic impact of more than $500 million.

Dubai to Open Final Bridge of AED696 Million World Trade Centre Roundabout Project on Friday

Dubai's Roads and Transport Authority will open the last bridge of its World Trade Centre Roundabout Development Project on October 30, completing major works on a project that cost more than AED696 million.

Saudi Reef Says Supported Fruit Output Has More Than Doubled to 379,000 Tons, Coffee Production Reaches 7,400 Tons

Fruit production supported by Saudi Arabia's Saudi Reef rural development program has risen 108% to 379,000 tons since the program started, while Saudi coffee output has reached 7,400 tons.

Gulf Crude Output Rose 5% to 16.9 Million Barrels a Day in 2025, About 22.5% of World Supply, GCC-Stat Says

Crude oil production in the six Gulf Cooperation Council states rose 5% to 16.9 million barrels per day in 2025, while exports climbed 6.1% to 12.2 million barrels per day, GCC-Stat said.

Dubai Customs Deposit Refund Claims Rise 13.1% to AED6.9 Billion in First Half as Applications Reach 1.36 Million

Customs deposit refund claims filed with Dubai Customs rose 13.1% to AED6.9 billion in the first half of 2026, while approved claims climbed 14.8% to AED6.2 billion.

Gulf Ministers Push Joint Industry, Data Centers and a Shared Export Corridor as GCC Puts Inward FDI Stock Above $792 Billion

Gulf ministers called for joint industrial projects, data centers and a unified export corridor at the World Investment Forum in Doha, as the GCC put the stock of foreign direct investment in member states above $792 billion.
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