Saudi business and markets, explained. Reported from Riyadh.
Nov 1, 2026
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.
The British bank can now arrange and advise on deals in the kingdom, joining Wall Street rivals already building up in Riyadh.
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.
Naif AlHamdan starts the day the King Abdullah Economic City builder's quarterly loss nearly doubled. His case rests on cars, cargo and pilgrims.
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.
The December freeze changes little while Gulf producers pump below target. The real contest is over next year's baselines.
A $6.3 billion hack tests trust. Saudi businesses put their backup plans to work.
Oct 31, 2026
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.
Oct 30, 2026
The world's biggest crypto heist has frozen withdrawals for millions of users. In Saudi Arabia, where crypto sits in a legal grey zone, there's nobody at home to complain to.
Singapore's ESR is teaming up with Al Muhaidib, the Saudi family group behind Acwa and Savola, as the war fills the kingdom's warehouses.
Shareholders wiped out years of losses on paper. Investors want proof of a turnaround, and so does the regulator.
Saudi Arabia's market regulator wants struggling listed companies to show how they will recover, and to prove their plans are working.
Oct 29, 2026
Aramco is shifting cargoes between coasts to keep crude moving, and exports are running just below September's wartime peak.
A Saudi online beauty retailer that listed as a unicorn is spending more to hold on to shoppers, and its shares are down three-quarters from the IPO.
Saudi Arabia's biggest telecom company paid shareholders about twice the cash it had left after investing, and it's borrowing to cover the gap.
The Saudi developer is teaming up with US investor EIG to buy and build American power plants, as data centres drive electricity demand.
The Hormuz closure is costing the Gulf dearly, but Bahri and Petro Rabigh are cashing in, ADES is going global and Investcorp is buying.
Oct 28, 2026
The riyal's dollar peg means a decision in Washington lands straight on Saudi mortgages, company loans and savings.
While foreign money waits out the conflict, a Gulf private equity giant is buying into a Saudi fire-safety firm, and buyers now hold the upper hand.
Indonesia one day, Angola the next: the Saudi driller now earns almost two-thirds of its revenue abroad.
With Hormuz shut, Aramco's Red Sea refinery is selling into a starved market, and the stake Aramco bought a year ago is worth more than double.
Saudi Arabia, Turkey and Pakistan came back from Tehran with an agreement to keep talking, and Saudi stocks are knocking on 10,000.
