PSM News & Events

Jeddah Airports explores future airport expansion plans with Singapore’s Surbana Jurong

19/5/2026 - 4:47 PM

The CEO of Jeddah Airports Company Eng. Mazen bin Mohammed Johar held a strategic meeting with the CEO of Singapore’s Surbana Jurong Group Sean Chiao to discuss ways to strengthen cooperation and ex.....

Nestlé Saudi Arabia celebrates the graduation of the tenth cohort of the “Nestlé Academy”

14/5/2026 - 1:53 PM

Nestlé Saudi Arabia, in collaboration with Ministry of Human Resources and Social Development, celebrated the graduation of the second cohort of the “Nestlé Academy” program, following the compl.....

LuLu launches ‘SWFT’ convenience stores in Saudi Arabia

28/5/2026 - 3:06 PM

Expanding convenient retail across Saudi Arabia, SWFT by LuLu has been launched in KSA, delivering fast, seamless, and modern shopping experiences for consumers. SWFT stores are strategically located .....

Top 10 must-visit beaches in Qatar during this summer

17/5/2026 - 2:45 PM

As summer sets in, Qatar’s coastline offers a refreshing way to experience the country, where tranquil northern shores, vibrant city beaches and dramatic desert landscapes come together along the Ar.....

Jordan suspends foreign labor recruitment as unemployment falls to 16%

5/6/2026 - 3:05 PM

AMMAN — Jordan will suspend the recruitment of foreign workers across most sectors of the economy starting June 1, 2026, as the kingdom seeks to expand employment opportunities for its citizens foll.....

stc group prepares for Hajj 1447 AH with advanced solutions and an integrated connectivity ecosystem

20/5/2026 - 3:54 PM

•stc group has completed preparations for Hajj 1447 AH, with a comprehensive plan to enhance network efficiency and expand coverage across Makkah and Madinah.•The readiness plan includes more than.....

Hamat commences first tenant handovers at Al Huda Park, Makkah

31/5/2026 - 3:43 PM

Al Huda Park has entered a new phase of activation as Hamat commences its first tenant handovers at the upcoming flagship retail and lifestyle destination in Makkah, ahead of its planned Q1 2027 openi.....

Saudi Awwal Bank signs SR6.4 billion financing agreement with AlBawani

20/5/2026 - 12:27 PM

Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, has signed a SR6.4 billion bilateral financing agreement with AlBawani, one of the companies in which the Public Invest.....

DSV expands in Dubai with new 30,000 sqm logistics warehouse in Jebel Ali Free Zone, developed by Arcapita’s Lintara

21/5/2026 - 11:58 AM

DSV, the global transport and logistics leader, and Arcapita Group Holdings Limited (“Arcapita”), the global alternative investment firm, through its real estate development platform, Lintara Prop.....

Al-Futtaim BYD Saudi Arabia expands its model lineup with launch of the All-New BYD Ti 7

24/5/2026 - 12:52 PM

Al-Futtaim BYD KSA, the official distributor of BYD, a global tech leader and pioneer in New Energy Vehicles (NEVs), has announced the launch of the all-new BYD Ti 7 in the Kingdom. The introduction o.....

NYC rents hit record highs as Jersey City building boom drives rents down

28/5/2026 - 2:03 PM

America's housing crisis solution may lie in the Hudson River divide, where regulation drives Manhattan rents up and new Jersey City supply pulls them down......

Million-dollar island home up for grabs for free — but there’s a 180-day catch

14/5/2026 - 10:00 AM

A classic Nantucket home is being given away for free, but the new owner must relocate the 1,736-square-foot colonial within 180 days of claiming it......

Laurent Duffier: Saudi Arabia drives L’Oréal’s regional growth ambitions

14/5/2026 - 3:25 PM

L'Oréal is reaffirming its long-term investment in Saudi Arabia, positioning the Kingdom at the center of its regional growth strategy as demand for beauty, sustainability and women-led workforce ini.....

Saudia receives first Airbus A321XLR in Middle East and Africa

3/6/2026 - 1:46 PM

TOULOUSE — Saudia has taken delivery of its first Airbus A321XLR, becoming the first airline in the Middle East and Africa to operate the extra long-range narrow-body aircraft.The delivery marks a m.....

Umm Al Qura for Development & Construction launches new Five-Year Strategy and announces its Second Destination in Makkah

4/6/2026 - 2:43 PM

Umm Al Qura for Development & Construction Company, the owner, developer, and operator of Masar Destination, has announced the receipt of two letters of award for the development of the Hindawiya .....

Florida homeowners may get a huge tax break — but newcomers face a major catch

3/6/2026 - 2:57 PM

Florida's proposed $250,000 homestead exemption could eliminate property taxes for up to 60% of primary homeowners if voters approve in November midterms......

Saudi CMA refers 17 Cenomi Retail suspects to Public Prosecution over alleged market violations

21/5/2026 - 5:24 PM

RIYADH — Saudi Arabia’s Capital Market Authority has referred 17 suspects linked to Cenomi Retail to the Public Prosecution over suspected violations of the Capital Market Law, Market Conduct Regu.....

From desert skies to dreamscapes: Culture at the heart of the UK-Saudi partnership

19/5/2026 - 3:09 PM

What will Saudi Arabia’s new cultural sector offer to its audiences? While vistas of cranes and pile drivers sketch the scale of new infrastructure, does recent programming offer a taste of the futu.....

stc group powers through record digital traffic surge on Arafah Day

26/5/2026 - 6:47 PM

·5G accounted for more than 51% of total usage on the Day of Arafah with a year-on-year increase of 16% in 5G adoption.·Enhanced network performance across download speeds, latency, call completion,.....

CMA fines former Saudi German Health officials SR18 million over financial statement manipulation

21/5/2026 - 5:31 PM

RIYADH — Saudi Arabia’s Capital Market Authority announced the issuance of a final ruling against 11 former board and audit committee members of Middle East Healthcare Company over violations rela.....