Markets

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.

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.

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.

Binance Hack Leaves Saudi Traders With No Regulator to Call

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.

Investors Dump Packaging Maker After It Erases 89% of Capital

Shareholders wiped out years of losses on paper. Investors want proof of a turnaround, and so does the regulator.

Cut Capital, Then What? Saudi Regulator Wants Recovery Plans

Saudi Arabia's market regulator wants struggling listed companies to show how they will recover, and to prove their plans are working.

Online Beauty Seller Nice One Swings to Loss as Rivals Pile In

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.

Telecom Giant stc Pays Out Twice the Cash It Generates

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.

Fed Holds Rates but Signals Hikes, Keeping Saudi Loans Expensive

The riyal's dollar peg means a decision in Washington lands straight on Saudi mortgages, company loans and savings.

Saudi Stocks Brush 10,000 as Peace Hopes Extend Rally

Dairy Giant Almarai Doubles Its Beef Bet to $133 Million

Five years after first flagging red meat, the dairy giant finally has a brand, and twice the budget.

SDAIA Awards MIS $23mn Backup Deal as Services Move Online

Credit Suisse Survives Saudi UBS Merger

Saudi Arabia Overtakes Malaysia as World's Top Sukuk Market

Saudi sukuk outstanding rose 18% to $370bn at the end of 2025.

Saudi Stocks Hit Five-Year Low as Oil Rally Fails to Reassure

The main index has now fallen for eight straight weeks, even with Brent above $115.

Saudi Pipe Maker's Sales Drop 34% as Shipping Chaos Starves Plant

Rerouted steel imports and port congestion slowed production at East Pipes.

SABIC Returns to Profit Growth as Prices Offset Shipping Disruption

The chemicals giant is earning more from fewer sales, rerouting exports overland to Red Sea ports to bypass Hormuz.

Bahri to Build Three Oil Tankers

Locally-built oil supertankers worth $451mn, as regional conflict disrupts maritime trade.