Mohammed Al-Kinani

Jeddah

Saudi Business Reporter at Arab News

Business reporter @arabnews | email: [email protected] | Personal account | Jeddah, KSA

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Articles

Saudi Arabia launches advanced manufacturing center to boost industrial innovation

1 week ago | arabnews.com | Mohammed Al-Kinani

JEDDAH: Saudi Arabia has launched the Advanced Manufacturing and Production Center, a key initiative aimed at accelerating the Kingdom’s industrial transformation through the adoption of advanced technologies and sustainable practices. Unveiled on May 28, the center is set to play a central role in promoting efficiency, flexibility, and growth within the manufacturing sector.
Housing support opens to Saudis aged 20 in major policy shift

1 week ago | arabnews.com | Mohammed Al-Kinani

JEDDAH: In a significant move to broaden access to homeownership, Saudi Arabia has reduced the minimum age for housing support eligibility from 25 to 20. The policy shift is designed to accelerate homeownership among younger citizens and aligns with the Kingdom’s broader economic and social development goals.
Saudi wealth fund, Kings League join forces to reshape sports entertainment

1 week ago | arabnews.com | Mohammed Al-Kinani

JEDDAH: Saudi Arabia’s Public Investment Fund and the Kings League have agreed to form a joint venture to transform sports entertainment in the Middle East, with the Kingdom set to host the inaugural season. The new collaboration, unveiled on May 27, is set to commence later this year, delivering an innovative, digital-first sporting experience tailored for the MENA region.
S&P affirms Abu Dhabi, RAK ratings on strong fiscal base

1 week ago | arabnews.com | Mohammed Al-Kinani

JEDDAH:Global credit rating agency S&P has reaffirmed Abu Dhabi’s “AA” rating and Ras Al-Khaimah’s “A” rating, citing robust fiscal management, infrastructure-led growth, and continued progress in economic diversification as key drivers of their sovereign credit standings. Abu Dhabi’s rating was confirmed with a stable outlook, underpinned by what S&P describes as one of the strongest government balance sheets globally and ongoing initiatives to strengthen the emirate’s non-oil economy.
Saudi Arabia launches joint venture to produce high-voltage insulators

1 week ago | arabnews.com | Mohammed Al-Kinani

JEDDAH: Saudi Arabia’s power sector is set to receive a significant boost following the launch of a new joint venture aimed at localizing the production of high-voltage porcelain insulators, a key component in the Kingdom’s push to strengthen domestic manufacturing and reduce reliance on imports.
Saudi Arabia restructures $32bn sukuk to strengthen debt strategy, local market

1 week ago | arabnews.com | Mohammed Al-Kinani

JEDDAH: Saudi Arabia has completed a sukuk restructuring and new issuance of over SR120 billion ($32 billion), advancing its strategy to enhance fiscal sustainability, optimize debt management, and deepen the local debt market. According to the National Debt Management Center, the Kingdom finalized its sixth early repurchase transaction in the domestic market, involving the early redemption of government sukuk maturing between 2025 and 2029 valued at approximately SR60.4 billion.
Riyadh airport tops Saudi on-time performance rankings in April: GACA data

1 week ago | arabnews.com | Mohammed Al-Kinani

JEDDAH: Saudi Arabia’s King Khalid International Airport recorded the highest on-time departure rate among the Kingdom’s international airports in April, achieving 90 percent punctuality, official data showed. According to the monthly report published by the General Authority of Civil Aviation, the Riyadh-based hub outperformed larger airports such as Jeddah’s King Abdulaziz International, the Saudi Press Agency reported.
Saudi Arabia doubles funding to Union of Arab Chambers

2 weeks ago | arabnews.com | Mohammed Al-Kinani

JEDDAH: Saudi Arabia has doubled its financial contribution to the Union of Arab Chambers, a decisive move aimed at reinforcing regional economic integration and boosting private sector cooperation across the Arab world. The Federation of Saudi Chambers announced the increase on Tuesday, stating that the expanded support will significantly enhance the UAC’s capacity to deliver programs and initiatives that empower the Arab private sector and foster closer economic ties among member states.
JS Investments launches Pakistan’s ‘first’ Shariah-compliant real estate investment trust

2 weeks ago | arab.news | Nadin Hassan |Dayan Abou Tine |Mohammed Al-Kinani |Ismail Dilawar

Closing Bell: Saudi main index ends lower at 11,303 /node/2601614/business-economy May 21, 2025 16:29 Closing Bell: Saudi main index ends lower at 11,303 MSCI Tadawul 30 Index lost 19.78 points to close at 1,441.01 Parallel market Nomu declined 110.94 points to end at 27,417.62 RIYADH: Saudi Arabia’s Tadawul All Share Index closed in the red on Wednesday, falling 134.5 points, or 1.18 percent, to settle at 11,303.68.
Saudi Arabia launches BAE Systems Arabian Industries to boost local manufacturing

2 weeks ago | arabnews.com | Mohammed Al-Kinani

JEDDAH: Defense manufacturing is set to advance in Saudi Arabia with the launch of BAE Systems Arabian Industries, a new entity aimed at accelerating localization and strengthening the Kingdom’s military industrial base.