UK’s HUI partners with Saudi’s Hydrogen Systems for waste-to-hydrogen projects

LONDON: British technology firm Hydrogen Utopia International PLC (HUI) has signed a Memorandum of Understanding (MoU) with Saudi Arabia's Hydrogen Systems LLC to develop facilities that convert non-recyclable waste into…

Ali Mirza January 6, 2026

MENA

Saudi Arabia’s Tanmiah Food partners with Schneider, others to cut carbon footprint

RIYADH - Saudi Arabia's Tanmiah Food Company has signed three memorandums of understanding (MoUs) with industrial technology firm Schneider Electric and local firms Strataphy and Kayes Arabia to accelerate its…

NNR November 23, 2025

Wire

Luma AI raises $900 million in Series C to build multimodal ‘world models’

WASHINGTON – U.S. artificial intelligence startup Luma AI said it has raised $900 million in a Series C funding round led by HUMAIN, a Saudi Arabian AI company owned by the…

NNR November 20, 2025

MENA

Ghanem secures $7.1M funding from Al-Romaih Group to expand fractional real estate platform

RIYADH— Ghanem, a digital real estate platform specializing in fractional ownership solutions, announced Monday it has closed a $7.1 million funding round from Al-Romaih Group, one of the Kingdom’s leading…

NNR November 17, 2025

Wire

OPEC+ reaches deal to increase output by 137,000 bpd in December, No changes in 2026

VIENNA - In a move signaling a careful balancing act between supporting prices and stabilizing markets, eight OPEC+ member countries agreed on Sunday to a small increase in oil output next…

NNR November 2, 2025

MENA

Saudi Arabia’s Almasar to Float 30% Stake in Tadawul IPO Following CMA Approval

RIYADH: Almasar, the Amanat Education platform, announced plans to proceed with an initial public offering (IPO) of 30,720,400 ordinary shares—representing 30% of its total issued share capital—on the Saudi Exchange…

NNR October 27, 2025

Wire

Saudi Arabia’s PIF, Silver Lake, Kushner’s Affinity to acquire Electronics Arts in record $55 billion deal

Video game giant Electronic Arts Inc agreed to be acquired by a consortium including Saudi Arabia's Public Investment Fund, U.S. private equity firm Silver Lake, and Affinity Partners in a…

NNR September 29, 2025

MENA London Stock Exchange

Saudi Aramco posts $50.9bn H1 profit amid market volatility; Maintains 100% supply reliability

Energy giant advances upstream projects, boosts AI capacity and renewables, declares $42.7 billion in dividends despite lower crude prices RIYADH: Saudi Aramco (2222.SE), the world’s largest oil exporter, reported a…

Ali Mirza August 5, 2025

MENA

Ant International opens first Middle East office in Saudi Arabia

RIYADH: Ant International, a prominent global provider of digital payment, digitization, and financial technology, has inaugurated a new office in the central business district of Al-Olaya, Riyadh. This expansion comes after…

NNR February 12, 2025

MENA

Matternet get approval for drone deliveries in Saudi Arabia

RIYADH: Matternet, the world’s leading developer of urban drone delivery systems, announced Monday its M2 drone has been approved for operations in Saudi Arabia. The Kingdom’s General Authority of Civil…

NNR January 27, 2025

Wire

KSA and UAE lead MENA startup funding with $328.3 million in September

DUBAI: In September 2024, Saudi Arabia and the UAE emerged as the giants of startup funding in the MENA region, according to research by Rasmal, a MENA-focused media agency. The…

NNR October 10, 2024

MENA

Akasa Air commences operations from Riyadh, Saudi Arabia

Akasa Air commenced operations from Riyadh, connecting it to Mumbai with daily direct flights. The inaugural flight on 15th June 2024 departed Chhatrapati Shivaji Maharaj International Airport in Mumbai

NNR June 16, 2024