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Press Dossier   By Date  16/03/2026
Dar Al Majed Real Estate seals credit facilities deal with BSF
Saudi Arabia: Saudi-based Dar Al Majed Real Estate Company has announced that it has signed an addendum to the credit facilities agreement previously concluded with Banque Saudi Fransi (BSF).
Diriyah unveils 1.9km main spine within mega Saudi development
Saudi Arabia: Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has announced the launch of a 1.9-km-long main spine within its mega development in the kingdom's ancient city.
Heisco, Shanghai Electric eye Kuwait utility project upgrade work
Kuwait: Kuwait's Ministry of Electricity, Water and Renewable Energy has announced that it has received bids from only two entities - Heavy Engineering Industries and Shipbuilding Company (Heisco) and Shanghai Electric Group
Modon unveils prime residential freehold project on Reem Island
United Arab Emirates: Modon, a premier Abu Dhabi-based real estate developer and urban planner, has announced the launch of Tara Park, a centrally-located residential development on the Reem Island.
Oil may extend gains as conflict threatens deeper Gulf supply losses
Saudi Arabia: Oil prices may extend gains when markets reopen on Monday as the US-Israel-Iran conflict enters a third week, with fresh attacks on energy infrastructure and continued disruption in the Strait of Hormuz threatening the largest global oil supply shock in years.
Acwa raises Shuaibah IWPP stake to 62% after Badeel acquisition
Saudi Arabia: Saudi utility developer Acwa has completed its acquisition of a 32 percent stake in Shuaibah Water and Electricity Co. from Badeel for SR843.3 million ($224.8 million), increasing its ownership in the project company to 62 percent.
Mideast Stocks: Gulf equities edge lower as Iran war enters third week
Saudi Arabia: Most Gulf equities slipped on Sunday as the US-Israeli war on Iran entered its third week with US President Donald Trump threatening further strikes on the Kharg Island oil export hub and Tehran vowing to intensify its response.
S&P affirms Saudi Arabia at A+ as strong buffers offset regional risks
Saudi Arabia: S&P Global Ratings affirmed Saudi Arabia’s sovereign credit rating at A+ with a stable outlook, saying the Kingdom’s fiscal buffers, export flexibility and non-oil growth should help it withstand escalating regional conflict.
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