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Crypto Giant Binance Reopens Withdrawals, Covers 95% of Hack Loss

Nov 1, 2026

Crypto Giant Binance Reopens Withdrawals, Covers 95% of Hack Loss

The exchange has replaced most of the $6.3 billion stolen from it. Saudi traders can reach their coins again, but still have no local regulator to call.

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UK Bank Barclays Back in Saudi Dealmaking After 12-Year Gap

Nov 1, 2026

UK Bank Barclays Back in Saudi Dealmaking After 12-Year Gap

The British bank can now arrange and advise on deals in the kingdom, joining Wall Street rivals already building up in Riyadh.

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Wartime Slump Eases as Saudi Oil Output Starts to Recover

Nov 1, 2026

Wartime Slump Eases as Saudi Oil Output Starts to Recover

The economy shrank 3.8% in the third quarter, less than the 4.7% before it. The figures stop just short of the worst of the Houthi attacks.

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PIF Executive Takes Over Red Sea City Developer as Losses Widen

Nov 1, 2026

PIF Executive Takes Over Red Sea City Developer as Losses Widen

Naif AlHamdan starts the day the King Abdullah Economic City builder's quarterly loss nearly doubled. His case rests on cars, cargo and pilgrims.

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Oil Giant Aramco Buys 49% of AI Firm Humain Ahead of Planned IPO

Nov 1, 2026

Oil Giant Aramco Buys 49% of AI Firm Humain Ahead of Planned IPO

The deal hands the sovereign fund's AI company cash, engineers and a guaranteed customer as it starts preparing for a listing in Riyadh and New York.

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OPEC+ Hits Pause as Fight Over 2027 Quotas Takes Shape

Nov 1, 2026

OPEC+ Hits Pause as Fight Over 2027 Quotas Takes Shape

The December freeze changes little while Gulf producers pump below target. The real contest is over next year's baselines.

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Business as Unusual

Nov 1, 2026

Business as Unusual

A $6.3 billion hack tests trust. Saudi businesses put their backup plans to work.

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The Show Goes On in Riyadh, Sirens and All

Oct 31, 2026

The Show Goes On in Riyadh, Sirens and All

Riyadh Season is carrying on under missile alerts. Some of its home crowd is still coming, but the international draws are off and hotels are half empty.

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Saudi business and markets, explained. Reported from Riyadh. Five stories every weekday at 7am.

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