Messe Frankfurt Saudi Arabia, organiser of Automechanika Riyadh, Saudi Arabia’s leading regional automotive aftermarket trade event, has announced the postponement of the upcoming edition. Originally scheduled to take place from 4-6 May 2026, the event will now focus on its return to the Kingdom in 2027. The decision follows a careful and ongoing assessment of

The latest Saudi Central Bank (SAMA) weekly report for the period ending March 21, 2026, reveals a significant surge in consumer spending, with Restaurants and Cafés processing SAR 1.6 billion in transactions a 15% weekly increase while the broader Food and Beverage segment exceeded SAR 2.1 billion. Remarkably, this SAR 3.7 billion wave confirms that

Federal Express Corporation (FedEx), the world’s largest express transportation company, has launched the FedEx Import Tool (FiT) in Saudi Arabia. The digital solution helps businesses of all sizes manage the growing import volume into the Kingdom more efficiently and with greater control. FiT, with its integration of advanced technology and user-focused design, is set to

Maison Safqa, a Saudi-based flash-sale platform for premium and luxury brands, has raised $620,000 in a pre-seed funding round with participation from 500 Global through the Sanabil MENA 500 Accelerator Fund, alongside Saudi and international business angels. Investors include retail and technology entrepreneurs and executives, among them the founder of Ventes Exclusives, one of Europe’s

The Saudi Fund for Development (SFD) today signed a USD 15 million development loan agreement with the Republic of Palau, marking the Fund’s first-ever development partnership in the Pacific island nation. The agreement was signed by H.E. Sultan Abdulrahman Al-Marshad, Chief Executive Officer of SFD, and H.E. Surangel S. Whipps Jr., President of the Republic

Cambridge Health Group (“CHG”), the GCC’s leading post-acute care provider and a subsidiary of Amanat Holdings PJSC (“Amanat” or the “Company”), today announces a major expansion of Cambridge Hospital Jeddah through an investment of approximately SAR 100 million, reinforcing the Group’s commitment to advancing specialized post-acute and rehabilitative care across the GCC. The project will

Patel Family Office, a US investment enterprise, and Abdel Hadi A. Al-Qahtani & Sons [AHQ], a Saudi industrial conglomerate, have signed a USD $1 billion deal to establish AYARA, a vertically integrated hospitality platform that will develop a network of 50 international brand-name business hotels across Saudi Arabia by 2029. AYARA will deliver standardized, branded business hotels