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Jabal Omar Swings to SR261.6 Million Third-Quarter Loss as One-Off Land Sale Gains Fall Away

Jabal Omar Development Co. posted a third-quarter net loss of SR261.6 million, against a profit of SR197.9 million a year earlier, as one-off land sale gains fell away.

Saudi Arabia’s GO Telecom Awards SR185.9 Million Contract to Build AI Cloud Data Center Infrastructure

Etihad Atheeb Telecommunication Co., known as GO Telecom, awarded an SR185.9 million contract to Complete Technical Triangle Co. to equip an AI cloud data center.

Qatar’s Nakilat Says LNG Carrier Al Mayeda Was Hit by Unidentified Objects in the Gulf, No Injuries Reported

Qatar Gas Transport Co. (Nakilat) said its LNG carrier Al Mayeda was hit by unidentified objects while sailing in the Gulf on Oct. 30, with no crew injuries.

Aramco Completes Purchase of 49% Stake in PIF’s AI Company Humain, Contributing About SR9.9 Billion in Cash

Aramco has closed its acquisition of a 49% stake in HUMAIN, with the Public Investment Fund keeping 51% of the Saudi AI company.

Alujain Nine-Month Profit Jumps to SR133 Million on Higher Volumes and Prices, Third Quarter Up 77%

Saudi petrochemical producer Alujain said nine-month net profit rose to SR133.05 million from SR11.59 million, and third-quarter profit rose 77% to SR29 million.

Arabian Mills Nine-Month Net Profit Rises 16% to SR208.5 Million

Arabian Mills for Food Products said nine-month net profit rose 16% to SR208.5 million, with third-quarter profit up 3.3% to SR64.6 million.

Cenomi Centers Signs SR825 Million Design-and-Build Contract for Madinah Downtown Mall and Offices

Arabian Centres Co., known as Cenomi Centers, signed an SR825 million, 30-month contract with Lynx Contracting for the mall and office components of the Madinah Downtown project.

Saudi Arabia’s Elm Posts 39% Rise in Third-Quarter Net Profit to SR778 Million

Elm's third-quarter net profit rose 39% to SR778 million, and nine-month profit climbed 18% to SR1.95 billion, the Saudi digital services company said.

UAE Exports and Re-Exports to Iraq Fall 25% to $10.6 Billion in First Half, Iraqi Economist Says

UAE non-oil exports and re-exports to Iraq fell 25% to about $10.6 billion in the first half of 2026, Iraqi economist Manar al-Obaidi said, citing official UAE statistics.

Haramain High Speed Railway Carried 8.53 Million Passengers in 2025, Madinah Chamber Says, Citing New Investment Openings

The Haramain High Speed Railway carried about 8.53 million passengers in 2025, and Madinah station handled 6.04 million of them, the Al Madinah Al Munawarah Chamber said in a bulletin.

Binance Says It Has Covered 90% of $6.3 Billion in Stolen Assets, Aims to Resume Withdrawals on Sunday

Binance said it has restored backing for about 90% of the roughly $6.3 billion in token assets stolen from its hot wallets and remains on track to resume withdrawals on November 1.

Oman Requires High Energy-Consuming Entities to Appoint Omani Energy Efficiency Officers

Oman's Ministry of Energy and Minerals has issued a policy requiring high energy-consuming entities to designate a qualified Omani national as an energy efficiency officer.
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