Author: Editorial Team

Ghitha Holding reported a 28 per cent year-on-year increase in revenue to Dh3.4 billion during the first half of 2026, supported by sustained demand across its food and agriculture businesses. Second-quarter revenue rose 34 per cent from a year earlier to Dh1.7 billion, indicating an acceleration in growth during the April-June period. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Gross profit increased 11 per cent to Dh666.2 million, supported by the higher revenue base and growth across the group’s diversified operations. Ghitha, a subsidiary of 2PointZero, operates across agriculture, food production, trading and distribution,…

RIYADH — The Ministry of Municipalities and Housing has urged owners of shared residential facilities to comply with updated health and technical safety requirements. It stressed their responsibility to provide safe living conditions and maintain preparedness for emergencies. The ministry said evacuation routes and emergency exits must remain clear at all times and be equipped with illuminated directional signs and backup lighting systems that activate automatically during power outages. Emergency doors should also be fitted with mechanisms that allow easy opening from the inside without obstruction during evacuations. It also emphasized the importance of maintaining fire detection and firefighting systems…

Under the patronage of His Royal Highness Prince Turki bin Talal bin Abdulaziz, Governor of the Aseer Region and Chairman of the Board for ARDARA Development Company in partnership with Sumou Holding have launched the second investment within the AlWadi development in Abha valued over SAR 4 billion. The investment represents a significant step towards advancing the vision of the Aseer Region Development Strategy, “Peaks and Values,” which is rooted in the identity of the place and seeks to restore the valley’s position as a source of life. The project will be implemented through the establishment of a closed-ended real…

Amazon Leo readies 5K satellites for D2D plan. Source: Tahawul Tech

RIYADH — Saudi Arabia’s Ministry of Finance welcomed the International Monetary Fund’s 2026 Article IV Consultation report, which said the Kingdom’s economy has remained resilient despite geopolitical tensions in the Middle East. The IMF said Saudi Arabia entered 2026 with strong momentum after its economy expanded by 4.6% in 2025, driven by the gradual unwinding of OPEC+ production cuts and robust domestic demand. The report also noted an improvement in the Kingdom’s fiscal position, with the non-oil primary deficit narrowing from 24.5% of non-oil GDP in 2024 to 23.3% in 2025. The report credited Saudi Arabia’s long-term planning and strategic…

Patients who need to lower their cholesterol will soon have a powerful new option. The Food and Drug Administration recently approved a new pill called enlicitide that can lower cholesterol levels substantially more than statins alone. The drug, which was developed by Merck and will be sold under the brand name Lipfendra, is expected to go on the market in the coming weeks. Here’s what to know. Q: How does the new pill compare with other cholesterol treatments? A: Lipfendra adds to the list of treatments that can lower low-density lipoprotein, or LDL, a form of cholesterol that, at high…

RIYADH — The Muslim World League (MWL), the Gulf Cooperation Council (GCC), and several Arab countries strongly condemned the attempted attacks targeting oil facilities in Saudi Arabia’s Eastern Region. The organizations and countries reaffirmed their solidarity with the Kingdom and support for the measures it takes to safeguard its sovereignty, security, and stability. MWL strongly condemned the continued attacks by Iran-affiliated militias in Iraq against Saudi Arabia, including the attempted targeting of oil facilities in the Eastern Region. The Secretary-General and Chairman of the Organization of Muslim Scholars Sheikh Dr. Mohammed bin Abdulkarim Al-Issa described the attacks as treacherous criminal…

King Salman Humanitarian Aid and Relief Center (KSrelief) has launched a volunteer pediatric cardiac surgery project in Padang in Indonesia’s West Sumatra Province. The project runs from July 24 to 31, with the participation of 16 volunteers from various medical specialties. Since the launch of the campaign, KSrelief’s volunteer medical team has performed 10 successful open-heart surgeries. The initiative is part of the Kingdom’s humanitarian efforts to support the medical sector and assist patients suffering from heart disease in brotherly and friendly countries. Source: Riyadh Daily

H. Mohamed Janahi. H. Mohamed Janahi, CEO of Graystone Capital, explains how digitisation, data-led advisory and tailored capital structures are transforming corporate access to capital Digital trade finance, working capital digitisation and data-led advisory are transforming how companies access capital. Automated document verification, compliance screening and data analysis are accelerating financing decisions, while real-time insights into trading activity and cash flows are helping businesses secure funding structures that better reflect their operational needs. For mid-sized and large corporates navigating tighter liquidity, choosing the right balance of debt, equity and alternative capital has become increasingly important. Technology can streamline execution and…

TASHKENT — Uzbek President Shavkat Mirziyoyev received Saudi Health Minister Fahad Al-Jalajel in Tashkent on Wednesday during the minister’s official visit to Uzbekistan. The two sides discussed expanding cooperation in healthcare and investment. AlJalajel conveyed greetings from Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman, along with their wishes for the president’s continued health and for Uzbekistan’s continued progress and prosperity. The meeting reviewed the growing bilateral relationship between the two countries and explored ways to strengthen cooperation, particularly in the health and investment sectors. Discussions focused on several priority areas,…