Finance

• • •

• • •

Riyadh: The Saudi Authority for Industrial Cities and Technology Zones (MODON), in partnership with the Ministry of Industry and Mineral Resources and under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef, has launched the second edition of the MODON Industrial Excellence Award. The award seeks to enhance competitiveness in the industrial sector, foster innovation and sustainability, improve product and operational quality, and support corporate social responsibility initiatives in line with the targets of Saudi Vision 2030.

According to Saudi Press Agency, the second edition features four main categories: small and medium-sized enterprises, large industrial enterprises, and entities specializing in basic industries. The categories cover environmental sustainability, industrial innovation, industrial transformation, social responsibility, and human capital development. It also includes the ‘MODON Industrial Pioneers’ category, which recognizes

• • • Read More • • •

Saudi Stock Exchange Ends Trading Lower

Riyadh: The Saudi Stock Exchange Main Index ended trading lower today, losing 61.64 points to close at 10,593.97. The total value of traded shares amounted to SAR2.2 billion. According to Saudi Press Agency, the Saudi Parallel Market Index (Nomu) also closed lower, losing 34.30 points to settle at 25,525.29, with

• • • Read More • • •

OPEC+ Nations Reaffirm Commitment to Oil Market Stability with Production Adjustments

Riyadh: Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman have reaffirmed their commitment to maintaining stability in the global oil market by implementing a strategic production adjustment. These eight OPEC+ countries, which had previously announced additional voluntary adjustments in 2023, convened virtually on September 7, 2025, to review

• • • Read More • • •

ITU Issues ‘Riyadh Outcome Statement’ as Global Symposium for Regulators Concludes with over 6,500 Participants

Riyadh: The International Telecommunication Union (ITU) issued today the ‘Riyadh Outcome Statement’ to mark the conclusion of the Global Symposium for Regulators (GSR25). Hosted by Saudi Arabia’s Communications, Space and Technology Commission (CST), the event saw the participation of over 6,500 national and international guests. According to Saudi Press Agency,

• • • Read More • • •

Sustainable Development Indicators Reflect Improved Quality of Life in Madinah

Madinah: Neighborhoods across Madinah have achieved significant progress toward the Sustainable Development Goals (SDGs) under Saudi Vision 2030 targets, according to 2024 urban indicators covering social, economic, housing, transport, and living standards. According to Saudi Press Agency, a report issued by Al Madinah Region Development Authority showed that 66 neighborhoods

• • • Read More • • •

RECENT POSTS