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$28 billion in adjusted net income for Saudi Aramco in three months

Saudi Aramco, the Saudi oil giant, announced on Tuesday a revised net income of 104.9 billion riyals ($28 billion) for the third quarter of 2025. The results exceeded analysts’ average expectations and showed a slight year-on-year growth of 1%, compared to 104 billion riyals recorded during the same period last year.

Aramco stated in a press release that cash flows from operating activities reached 135.4 billion riyals ($36.1 billion) in the third quarter of this year, compared to 132.1 billion riyals in the corresponding quarter of the previous year.

The Board of Directors also announced base dividends for the third quarter of 2025 amounting to 79.3 billion riyals ($21.1 billion) and performance-linked dividends of 0.8 billion riyals ($0.2 billion), to be paid in the fourth quarter, bringing the total dividends to 80.1 billion riyals (around $21.3 billion).

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Business

Two major parks planned in Riyadh

Authorities in the Saudi capital have unveiled plans to develop two expansive public parks covering more than 310,000 square metres as part of a broader push to increase green spaces across the city.

The Riyadh Region Municipality confirmed on Wednesday that the new developments will be situated in the eastern and southern districts of the capital. The project is designed to transform the city’s urban landscape, shifting away from traditional park layouts toward integrated “urban destinations” that cater to both recreation and environmental sustainability.

Central to the design is a scenic valley that will serve as a functional and visual anchor for both sites. According to municipal officials, the parks are intended to bolster the city’s “urban fabric” by providing high-quality public areas that align with the quality-of-life goals set out in the Saudi Vision 2030 framework.

The facilities planned for the 317,200-square-metre footprint are extensive. Beyond standard greenery, the sites will feature a golf course, multi-purpose sports fields, and dedicated jogging tracks. Families will have access to children’s play areas and water features, while the inclusion of a theatre and designated event spaces suggests the parks will double as cultural hubs for the local community.

“These parks represent high-quality developments aimed at expanding public spaces across the capital,” the municipality said in a statement. The announcement noted that the projects would also include a range of commercial amenities, including restaurants and cafés, to ensure the parks remain active throughout the day.

This latest initiative follows a series of large-scale environmental projects in the Kingdom, where officials are increasingly prioritising “livability” as Riyadh undergoes population and infrastructure expansion. The municipality highlighted that the design focuses on “environmental sensitivity,” incorporating innovative greening techniques to manage the arid climate while maintaining sustainable water use.

“These parks represent high-quality developments aimed at expanding public spaces across the capital,” the municipality said in a statement. The announcement noted that the projects would also include a range of commercial amenities, including restaurants and cafés, to ensure the parks remain active throughout the day.

This latest initiative follows a series of large-scale environmental projects in the Kingdom, where officials are increasingly prioritising “livability” as Riyadh undergoes population and infrastructure expansion. The municipality highlighted that the design focuses on “environmental sensitivity,” incorporating innovative greening techniques to manage the arid climate while maintaining sustainable water use.

GN

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Business

Prince William to Official Visit Saudi Arabia in February

Britain’s Prince William is set to visit Saudi Arabia for the first time in an official capacity, Kensington Palace announced on Wednesday. The trip is scheduled from February 9 to 11, 2026.

Strengthening Ties Between the UK and Saudi Arabia

According to Kensington Palace, the visit comes as the UK and Saudi Arabia mark growing trade, energy, and investment partnerships. It also coincides with celebrations of nearly a century of diplomatic relations between the two nations.

A First for the Duke

This will be Prince William’s first official trip to Saudi Arabia, highlighting the importance of the country in the UK’s international relations and economic strategy.

What to Expect

While details of the itinerary haven’t been fully released, the visit is expected to include meetings with Saudi officials and discussions on trade, investment, and energy collaboration.

The visit signals a continued focus on strengthening ties between London and Riyadh, while marking a historic moment in Prince William’s international engagements.

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Business

Japan tourist arrivals hit record 42.7 million in 2025

Tourists to Japan hit a record 42.7 million in 2025, exceeding 40 million for the first time, Japan’s Tourism Minister, Yasushi Kaneko, told a press conference.

Total spending by inbound tourists reached 9.5 trillion yen ($60 billion) over the year, also ‌a record high.

WAM

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