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Category: Finance

7 min read
Finance

PIF’s Adeera to operate hotel portfolio across Qiddiya City

  • By admin
  • August 10, 2025
  • 0 comments
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Leave a Comment on PIF’s Adeera to operate hotel portfolio across Qiddiya City
7 min read
Finance

Saudi Arabia tops GCC debt market with $47.9bn in H1 issuances: Markaz 

  • By admin
  • August 9, 2025
  • 0 comments
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Leave a Comment on Saudi Arabia tops GCC debt market with $47.9bn in H1 issuances: Markaz 
7 min read
Finance

IMF praises Saudi Arabia’s economic resilience 

  • By admin
  • August 9, 2025
  • 0 comments
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Leave a Comment on IMF praises Saudi Arabia’s economic resilience 
7 min read
Finance

Closing Bell: Saudi main index closes up at 10,839

  • By admin
  • August 8, 2025
  • 0 comments
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Leave a Comment on Closing Bell: Saudi main index closes up at 10,839
7 min read
Finance

MENA IT spending to reach $169bn in 2026 

  • By admin
  • August 8, 2025
  • 0 comments
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Leave a Comment on MENA IT spending to reach $169bn in 2026 
7 min read
Finance

Saudi Arabia’s non-oil growth stays strong despite softer July PMI

  • By admin
  • August 7, 2025
  • 0 comments
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Leave a Comment on Saudi Arabia’s non-oil growth stays strong despite softer July PMI
7 min read
Finance

Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles

  • By admin
  • August 7, 2025
  • 0 comments
RIYADH: Non-oil business activity in the Middle East showed mixed trends in July, with Kuwait, the UAE, and Qatar maintaining growth, while Egypt demonstrated signs of[more...]
Leave a Comment on Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles
7 min read
Finance

Aramco posts $22.67bn Q2 profit amid market volatility 

  • By admin
  • August 6, 2025
  • 0 comments
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Leave a Comment on Aramco posts $22.67bn Q2 profit amid market volatility 
7 min read
Finance

Oil Updates — crude little changed as OPEC+ output hikes counter Russia disruption concerns

  • By admin
  • August 6, 2025
  • 0 comments
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Leave a Comment on Oil Updates — crude little changed as OPEC+ output hikes counter Russia disruption concerns
7 min read
Finance

Global M&A hits $2.6tn peak year-to-date, boosted by AI and quest for growth

  • By admin
  • August 5, 2025
  • 0 comments
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Leave a Comment on Global M&A hits $2.6tn peak year-to-date, boosted by AI and quest for growth
4 min read
Finance

Saudi Exchange unveils new instrument to trade global shares locally 

  • By admin
  • July 17, 2025
  • 0 comments
RIYADH: The global sukuk market is poised to maintain its strength in 2025, with foreign currency-denominated issuances expected to reach between $70 billion and[more...]
Leave a Comment on Saudi Exchange unveils new instrument to trade global shares locally 
6 min read
Finance

OPEC+ members to raise oil output by 411,000 bpd in June

  • By admin
  • May 10, 2025
  • 0 comments
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Leave a Comment on OPEC+ members to raise oil output by 411,000 bpd in June
6 min read
Finance

Qatar welcomes over 1.5m international visitors in Q1 2025

  • By admin
  • May 10, 2025
  • 0 comments
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Leave a Comment on Qatar welcomes over 1.5m international visitors in Q1 2025
6 min read
Finance

Syria to sign deal to import electricity from Turkiye, minister says

  • By admin
  • May 9, 2025
  • 0 comments
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Leave a Comment on Syria to sign deal to import electricity from Turkiye, minister says
7 min read
Finance

Jeddah unveils 29 real estate projects across industrial, residential, retail sectors

  • By admin
  • May 9, 2025
  • 0 comments
JEDDAH: The Middle East’s aviation sector is pushing toward greater integration and collaborative innovation, with Saudi Arabia’s rapid expansion positioning it as the region’s[more...]
Leave a Comment on Jeddah unveils 29 real estate projects across industrial, residential, retail sectors
6 min read
Finance

Saudi Arabia rolls out new guidelines for off-plan property deals

  • By admin
  • May 8, 2025
  • 0 comments
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Leave a Comment on Saudi Arabia rolls out new guidelines for off-plan property deals
6 min read
Finance

Closing Bell: Saudi main index slips to close at 11,411 

  • By admin
  • May 8, 2025
  • 0 comments
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Leave a Comment on Closing Bell: Saudi main index slips to close at 11,411 
6 min read
Finance

Saudi bank lending hits $827bn in March, fastest growth in over 3.5 years

  • By admin
  • May 7, 2025
  • 0 comments
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent year-on-year[more...]
Leave a Comment on Saudi bank lending hits $827bn in March, fastest growth in over 3.5 years
6 min read
Finance

Saudi Arabia’s non-oil sector growth continues in April as PMI hits 55.6 

  • By admin
  • May 7, 2025
  • 0 comments
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Leave a Comment on Saudi Arabia’s non-oil sector growth continues in April as PMI hits 55.6 
1 min read
Finance

Oil Updates — crude tumbles as OPEC+ accelerates output hikes, surplus looms

  • By admin
  • May 6, 2025
  • 0 comments
SINGAPORE: Oil prices fell more than $1 a barrel on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about[more...]
Leave a Comment on Oil Updates — crude tumbles as OPEC+ accelerates output hikes, surplus looms
6 min read
Finance

Trump says he wants a fair trade deal with China 

  • By admin
  • May 6, 2025
  • 0 comments
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Leave a Comment on Trump says he wants a fair trade deal with China 
7 min read
Finance

Saudi Arabia to drive Islamic finance growth in 2025, S&P says 

  • By admin
  • April 27, 2025
  • 0 comments
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore  RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Leave a Comment on Saudi Arabia to drive Islamic finance growth in 2025, S&P says 
7 min read
Finance

Dubai inflation eases to 2.79% in March as housing, transport costs moderate

  • By admin
  • April 26, 2025
  • 0 comments
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore  RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Leave a Comment on Dubai inflation eases to 2.79% in March as housing, transport costs moderate
7 min read
Finance

Saudi Arabia, Algeria deepen economic ties with new business pacts

  • By admin
  • April 26, 2025
  • 0 comments
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore  RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Leave a Comment on Saudi Arabia, Algeria deepen economic ties with new business pacts
1 min read
Finance

Davos meet founder Klaus Schwab quits as WEF chair

  • By admin
  • April 25, 2025
  • 0 comments
ZURICH: Klaus Schwab, founder of the World Economic Forum, whose annual gathering of business and political leaders in the Swiss mountain resort of Davos became[more...]
Leave a Comment on Davos meet founder Klaus Schwab quits as WEF chair
7 min read
Finance

Closing Bell: Saudi indices end day in the red

  • By admin
  • April 25, 2025
  • 0 comments
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore  RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Leave a Comment on Closing Bell: Saudi indices end day in the red
7 min read
Finance

PepsiCo opens regional headquarters in Riyadh, unveils $8m R&D center

  • By admin
  • April 24, 2025
  • 0 comments
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore  RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Leave a Comment on PepsiCo opens regional headquarters in Riyadh, unveils $8m R&D center
7 min read
Finance

Key tourism roles to be localized in Saudi Arabia as part of national employment push 

  • By admin
  • April 24, 2025
  • 0 comments
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore  RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Leave a Comment on Key tourism roles to be localized in Saudi Arabia as part of national employment push 
7 min read
Finance

Real estate demand in Saudi Arabia’s two holy cities hits $2bn

  • By admin
  • April 23, 2025
  • 0 comments
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore  RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Leave a Comment on Real estate demand in Saudi Arabia’s two holy cities hits $2bn
7 min read
Finance

Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore 

  • By admin
  • April 23, 2025
  • 0 comments
RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds across emerging markets after it secured $391 million in the first[more...]
Leave a Comment on Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore 
7 min read
Finance

Oil Updates — prices rise on short-covering, but tariff worries linger 

  • By admin
  • April 22, 2025
  • 0 comments
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore  RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Leave a Comment on Oil Updates — prices rise on short-covering, but tariff worries linger 
8 min read
Finance

Closing Bell: Saudi main index closes in red at 11,502

  • By admin
  • April 22, 2025
  • 0 comments
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and[more...]
Leave a Comment on Closing Bell: Saudi main index closes in red at 11,502
8 min read
Finance

Libyans grapple with fresh currency devaluation

  • By admin
  • April 21, 2025
  • 0 comments
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and[more...]
Leave a Comment on Libyans grapple with fresh currency devaluation
8 min read
Finance

IMF warns of economic slowdown, but rules out global recession

  • By admin
  • April 21, 2025
  • 0 comments
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and[more...]
Leave a Comment on IMF warns of economic slowdown, but rules out global recession
8 min read
Finance

UK-Saudi trade ties deepen as 50 British firms set up regional HQs in Kingdom

  • By admin
  • April 20, 2025
  • 0 comments
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and[more...]
Leave a Comment on UK-Saudi trade ties deepen as 50 British firms set up regional HQs in Kingdom
8 min read
Finance

How Saudi entrepreneurs are navigating the shift to public markets 

  • By admin
  • April 20, 2025
  • 0 comments
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and[more...]
Leave a Comment on How Saudi entrepreneurs are navigating the shift to public markets 
8 min read
Finance

Saudi Arabia poised to become Mideast’s Silicon Valley, say experts 

  • By admin
  • April 19, 2025
  • 0 comments
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and high-profile[more...]
Leave a Comment on Saudi Arabia poised to become Mideast’s Silicon Valley, say experts 
4 min read
Finance

Gold set for 3rd weekly gain as investors seek safe haven

  • By admin
  • March 28, 2025
  • 0 comments
RIYADH: Global borrowing hit a record $25 trillion in 2024, a $10 trillion surge from pre-pandemic levels, sparking concerns over sustainability, a new report[more...]
Leave a Comment on Gold set for 3rd weekly gain as investors seek safe haven
8 min read
Finance

Saudi banks shift focus to debt markets during sukuk surge

  • By admin
  • March 27, 2025
  • 0 comments
RIYADH: As Saudi Arabia’s financial system turns increasingly to debt markets for funding, it will face new opportunities and increased risk in relation to its[more...]
Leave a Comment on Saudi banks shift focus to debt markets during sukuk surge
6 min read
Finance

Fintech, gaming, and healthcare capture venture interest

  • By admin
  • March 27, 2025
  • 0 comments
RIYADH: Startups across the Middle East and North Africa region continue to attract investor interest, with fintech, gaming, and healthcare ventures securing significant funding rounds. UAE-based[more...]
Leave a Comment on Fintech, gaming, and healthcare capture venture interest
6 min read
Finance

How Saudi Arabia is engineering a water-secure future

  • By admin
  • March 26, 2025
  • 0 comments
JEDDAH: Saudi Arabia is tackling water scarcity with bold steps toward a sustainable future. Through its National Water Strategy and Vision 2030, the Kingdom is pioneering[more...]
Leave a Comment on How Saudi Arabia is engineering a water-secure future
7 min read
Finance

Tabuk’s business journey — a navigation of growth and vision

  • By admin
  • March 26, 2025
  • 0 comments
RIYADH: A young workforce, strong demand and attractive tourist offerings are helping transform Tabuk into one of Saudi Arabia’s most dynamic regions. Earlier in March, the[more...]
Leave a Comment on Tabuk’s business journey — a navigation of growth and vision
1 min read
Finance

Saudi Arabia’s PIF at forefront as Gulf SWFs approach $18tn by 2030

  • By admin
  • March 25, 2025
  • 0 comments
RIYADH: Saudi Arabia’s sovereign wealth fund and five of its regional counterparts are on track to control $18 trillion in assets by 2030, marking a[more...]
Leave a Comment on Saudi Arabia’s PIF at forefront as Gulf SWFs approach $18tn by 2030
7 min read
Finance

Global economic growth to average at 3.1% in next 5 years: IMF official 

  • By admin
  • March 25, 2025
  • 0 comments
RIYADH: A young workforce, strong demand and attractive tourist offerings are helping transform Tabuk into one of Saudi Arabia’s most dynamic regions. Earlier in[more...]
Leave a Comment on Global economic growth to average at 3.1% in next 5 years: IMF official 
4 min read
Finance

Global borrowing hits $25tn in 2024, raising debt sustainability fears: OECD 

  • By admin
  • March 24, 2025
  • 0 comments
RIYADH: Saudi Arabia’s sovereign wealth fund and five of its regional counterparts are on track to control $18 trillion in assets by 2030, marking[more...]
Leave a Comment on Global borrowing hits $25tn in 2024, raising debt sustainability fears: OECD 
7 min read
Finance

Riyadh municipality unveils new investment opportunities across key sectors 

  • By admin
  • March 24, 2025
  • 0 comments
RIYADH: A young workforce, strong demand and attractive tourist offerings are helping transform Tabuk into one of Saudi Arabia’s most dynamic regions. Earlier in[more...]
Leave a Comment on Riyadh municipality unveils new investment opportunities across key sectors 
1 min read
Finance

Public firms listed on Muscat bourse report 52.6% surge in profits

  • By admin
  • March 23, 2025
  • 0 comments
RIYADH: The net profits of public joint companies listed on the Muscat Stock Exchange surged 52.6 percent year on year to reach 1.339 billion Omani rials[more...]
Leave a Comment on Public firms listed on Muscat bourse report 52.6% surge in profits
4 min read
Finance

Lebanon readies 22 deals for signing with Saudi Arabia during high-level visit

  • By admin
  • March 20, 2025
  • 0 comments
Saudi Arabia opens doors to global mining giants with $97.5m exploration licenses JEDDAH: Saudi Arabia has granted exploration licenses worth SR366 million ($97.5 million)[more...]
Leave a Comment on Lebanon readies 22 deals for signing with Saudi Arabia during high-level visit
1 min read
Finance

Qatar to provide gas to Syria via Jordan

  • By admin
  • March 19, 2025
  • 0 comments
BEIRUT: Qatar is set to provide Syria with gas via Jordan to improve the nation’s meagre electricity supply and boost Syria’s new rulers, in a[more...]
Leave a Comment on Qatar to provide gas to Syria via Jordan
1 min read
Finance

PIF-backed Scopely acquires Pokemon GO maker for $3.5bn

  • By admin
  • March 19, 2025
  • 0 comments
RIYADH: Scopely, a US-based firm backed by Saudi Arabia’s Public Investment Fund, has signed a deal worth $3.5 billion to acquire the video game division of[more...]
Leave a Comment on PIF-backed Scopely acquires Pokemon GO maker for $3.5bn
3 min read
Finance

UAE joins dividend surge as global payouts hit record $1.75tn in 2024

  • By admin
  • March 18, 2025
  • 0 comments
RIYADH: Scopely, a US-based firm backed by Saudi Arabia’s Public Investment Fund, has signed a deal worth $3.5 billion to acquire the video game division[more...]
Leave a Comment on UAE joins dividend surge as global payouts hit record $1.75tn in 2024
3 min read
Finance

BSF, Diriyah Co. ink $1.6bn financing deal to develop Wadi Safar project

  • By admin
  • March 18, 2025
  • 0 comments
RIYADH: Scopely, a US-based firm backed by Saudi Arabia’s Public Investment Fund, has signed a deal worth $3.5 billion to acquire the video game division[more...]
Leave a Comment on BSF, Diriyah Co. ink $1.6bn financing deal to develop Wadi Safar project
4 min read
Finance

Saudi money supply up 9% to hit $791bn in January

  • By admin
  • March 17, 2025
  • 0 comments
RIYADH: Saudi Arabia’s money supply climbed to SR2.97 trillion ($791 billion) in January, marking a 9 percent annual rise, official data showed.  According to figures[more...]
Leave a Comment on Saudi money supply up 9% to hit $791bn in January
3 min read
Finance

Closing Bell: Saudi main index closes in green at 11,725

  • By admin
  • March 17, 2025
  • 0 comments
RIYADH: Saudi Arabia’s money supply climbed to SR2.97 trillion ($791 billion) in January, marking a 9 percent annual rise, official data showed.  According[more...]
Leave a Comment on Closing Bell: Saudi main index closes in green at 11,725
5 min read
Finance

Oil Updates — crude slips amid macroeconomic concerns despite firm demand expectations

  • By admin
  • March 16, 2025
  • 0 comments
RIYADH: Saudi Arabia’s residential real estate market is set for a significant surge, with private buyers expected to invest SR4.58 billion ($1.22 billion) this year,[more...]
Leave a Comment on Oil Updates — crude slips amid macroeconomic concerns despite firm demand expectations
3 min read
Finance

IEA sees global oil market surplus for 2025 as demand disappoints

  • By admin
  • March 16, 2025
  • 0 comments
RIYADH: Scopely, a US-based firm backed by Saudi Arabia’s Public Investment Fund, has signed a deal worth $3.5 billion to acquire the video game division[more...]
Leave a Comment on IEA sees global oil market surplus for 2025 as demand disappoints
8 min read
Finance

Oil Updates — crude set to close week stable as investors mull path to Ukraine ceasefire

  • By admin
  • March 15, 2025
  • 0 comments
Intersection between family offices and early-stage startups poised to expand, experts say RIYADH: Family offices have traditionally been influential in private capital investment, but[more...]
Leave a Comment on Oil Updates — crude set to close week stable as investors mull path to Ukraine ceasefire
5 min read
Finance

Saudi Arabia’s non-profit sector tops $26bn in economic contribution for the 1st time

  • By admin
  • March 14, 2025
  • 0 comments
RIYADH: Saudi Arabia’s residential real estate market is set for a significant surge, with private buyers expected to invest SR4.58 billion ($1.22 billion) this year,[more...]
Leave a Comment on Saudi Arabia’s non-profit sector tops $26bn in economic contribution for the 1st time
5 min read
Finance

Saudi expats transfer nearly $4bn in Jan, bolstering developing economies

  • By admin
  • March 13, 2025
  • 0 comments
RIYADH: Saudi Arabia’s residential real estate market is set for a significant surge, with private buyers expected to invest SR4.58 billion ($1.22 billion) this year,[more...]
Leave a Comment on Saudi expats transfer nearly $4bn in Jan, bolstering developing economies
5 min read
Finance

Direct flights from Stuttgart to Jeddah to begin later this year

  • By admin
  • March 13, 2025
  • 0 comments
RIYADH: Saudi Arabia’s residential real estate market is set for a significant surge, with private buyers expected to invest SR4.58 billion ($1.22 billion) this year,[more...]
Leave a Comment on Direct flights from Stuttgart to Jeddah to begin later this year
4 min read
Finance

Jordan’s move to ease residency rules will attract investment, say experts

  • By admin
  • March 12, 2025
  • 0 comments
In speech to Congress, Trump reassures investors that new visa scheme would not tax foreign assets RIYADH: President Donald Trump assured that investors entering[more...]
Leave a Comment on Jordan’s move to ease residency rules will attract investment, say experts
3 min read
Finance

Closing Bell: Saudi main index closes in red at 11,811

  • By admin
  • March 12, 2025
  • 0 comments
RIYADH: Some 2.5 million tourists have been drawn to Saudi Arabia in the past four years thanks to its ever-growing sports offerings, according to[more...]
Leave a Comment on Closing Bell: Saudi main index closes in red at 11,811
3 min read
Finance

Saudi Arabia’s M&A market sees 63% rise in Feb

  • By admin
  • March 11, 2025
  • 0 comments
RIYADH: Some 2.5 million tourists have been drawn to Saudi Arabia in the past four years thanks to its ever-growing sports offerings, according to[more...]
Leave a Comment on Saudi Arabia’s M&A market sees 63% rise in Feb
8 min read
Finance

In speech to Congress, Trump reassures investors that new visa scheme would not tax foreign assets

  • By admin
  • March 11, 2025
  • 0 comments
RIYADH: From advanced technology to bustling tourism, Saudi Arabia is witnessing a labor market transformation that is reducing its reliance on oil and creating jobs[more...]
Leave a Comment on In speech to Congress, Trump reassures investors that new visa scheme would not tax foreign assets
6 min read
Finance

Saudi multi-billion-dollar corporations are driving strategic investments in startup ecosystem

  • By admin
  • March 10, 2025
  • 0 comments
RIYADH: Saudi Arabia’s corporate venture capital arms are playing a pivotal role in driving innovation and advancing economic diversification by aligning their investment strategies with[more...]
Leave a Comment on Saudi multi-billion-dollar corporations are driving strategic investments in startup ecosystem
6 min read
Finance

Franchises boosting Saudi economy, as Kingdom dominates half of MENA’s $30bn market

  • By admin
  • March 10, 2025
  • 0 comments
Saudi multi-billion-dollar corporations are driving strategic investments in startup ecosystem RIYADH: Saudi Arabia’s corporate venture capital arms are playing a pivotal role in driving[more...]
Leave a Comment on Franchises boosting Saudi economy, as Kingdom dominates half of MENA’s $30bn market
1 min read
Finance

Oil Updates — crude set for biggest weekly drop since Oct on tariff uncertainty, supply gains

  • By admin
  • March 9, 2025
  • 0 comments
NEW DELHI: Oil prices were little changed on Friday but were set for their biggest weekly decline since October as the uncertainty around US tariff[more...]
Leave a Comment on Oil Updates — crude set for biggest weekly drop since Oct on tariff uncertainty, supply gains
7 min read
Finance

Saudi Arabia strengthens halal leadership with 13 new deals at Makkah forum 

  • By admin
  • March 8, 2025
  • 0 comments
RIYADH: Saudi Arabia’s real estate loans surged 15.12 percent year on year to a record SR883.3 billion ($235.54 billion) by the end of 2024,[more...]
Leave a Comment on Saudi Arabia strengthens halal leadership with 13 new deals at Makkah forum 
3 min read
Finance

Closing Bell: Saudi main index ends week in red; Nomu gains

  • By admin
  • March 7, 2025
  • 0 comments
Sports tourism attracts 2.5m visitors to Saudi Arabia, minister reveals as he sets out sector’s ambitions RIYADH: Some 2.5 million tourists have been drawn to[more...]
Leave a Comment on Closing Bell: Saudi main index ends week in red; Nomu gains
7 min read
Finance

Over 1,300 Saudi industrial licenses awarded in 2024, attracting $13.3bn investment, latest figures show

  • By admin
  • March 7, 2025
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RIYADH: Saudi Arabia’s real estate loans surged 15.12 percent year on year to a record SR883.3 billion ($235.54 billion) by the end of 2024,[more...]
Leave a Comment on Over 1,300 Saudi industrial licenses awarded in 2024, attracting $13.3bn investment, latest figures show
6 min read
Finance

Saudi Arabia’s non-oil exports to China surge 70% as trade ties deepen: GASTAT

  • By admin
  • March 6, 2025
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RIYADH: Saudi Arabia’s financial markets are on a sharp upward trajectory despite challenging global economic trends, experts have told Arab News. Market volatility[more...]
Leave a Comment on Saudi Arabia’s non-oil exports to China surge 70% as trade ties deepen: GASTAT
6 min read
Finance

Oil Updates — crude on track for 1st monthly drop since November on Trump tariff concerns

  • By admin
  • March 6, 2025
  • 0 comments
RIYADH: Saudi Arabia’s financial markets are on a sharp upward trajectory despite challenging global economic trends, experts have told Arab News. Market volatility[more...]
Leave a Comment on Oil Updates — crude on track for 1st monthly drop since November on Trump tariff concerns
6 min read
Finance

Can Saudi Arabia conquer global uncertainty and become a financial giant?

  • By admin
  • March 5, 2025
  • 0 comments
RIYADH: Saudi Arabia’s financial markets are on a sharp upward trajectory despite challenging global economic trends, experts have told Arab News. Market volatility across the[more...]
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6 min read
Finance

Funding surges as MENA startups gain momentum

  • By admin
  • March 5, 2025
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RIYADH: Startups across the Middle East and North Africa region continue to attract significant investment, with fintech, cybersecurity and artificial intelligence-driven ventures leading the charge. Recent[more...]
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6 min read
Finance

Riyadh leads Saudi real estate surge with 18% rise in office rents

  • By admin
  • March 4, 2025
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RIYADH: Startups across the Middle East and North Africa region continue to attract significant investment, with fintech, cybersecurity and artificial intelligence-driven ventures leading the charge.[more...]
Leave a Comment on Riyadh leads Saudi real estate surge with 18% rise in office rents
9 min read
Finance

‘Rescue, reform and rebuild’: Can Lebanon’s new government save the economy?

  • By admin
  • March 4, 2025
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RIYADH: With a new president and a fresh cabinet, Lebanon stands at a pivotal moment. Can this government reverse economic collapse and restore trust? The financial[more...]
Leave a Comment on ‘Rescue, reform and rebuild’: Can Lebanon’s new government save the economy?
9 min read
Finance

Will Trump strike gold with wealthy Arabs through new residency program?

  • By admin
  • March 3, 2025
  • 0 comments
RIYADH: With a new president and a fresh cabinet, Lebanon stands at a pivotal moment. Can this government reverse economic collapse and restore trust? [more...]
Leave a Comment on Will Trump strike gold with wealthy Arabs through new residency program?
4 min read
Finance

Saudi investment ministry inks deal with Sana to boost entrepreneurial ecosystem in Al-Ahsa

  • By admin
  • March 2, 2025
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RIYADH: Chemical manufacturer Saudi Basic Industries Corp. posted a net profit of SR1.54 billion ($410.6 million) in 2024, rebounding from a SR2.77 billion loss[more...]
Leave a Comment on Saudi investment ministry inks deal with Sana to boost entrepreneurial ecosystem in Al-Ahsa
4 min read
Finance

Oman, Saudi Arabia ink 3 agreements to strengthen trade ties 

  • By admin
  • March 1, 2025
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RIYADH: Global credit rating agency Moody’s has affirmed Egypt’s Caa1 long-term foreign and local currency rating with a positive outlook, citing improved debt service prospects.[more...]
Leave a Comment on Oman, Saudi Arabia ink 3 agreements to strengthen trade ties 
3 min read
Finance

King Salman approves Saudi riyal symbol

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  • March 1, 2025
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RIYADH: Improving economic conditions, stronger loan quality, and a resilient banking sector have led Moody’s Investors Service to upgrade its outlook on Oman’s banking[more...]
Leave a Comment on King Salman approves Saudi riyal symbol
4 min read
Finance

Qurayyah power plant to expand by 3.01 GW thanks to $3.6bn investment

  • By admin
  • February 28, 2025
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RIYADH: Chemical manufacturer Saudi Basic Industries Corp. posted a net profit of SR1.54 billion ($410.6 million) in 2024, rebounding from a SR2.77 billion loss[more...]
Leave a Comment on Qurayyah power plant to expand by 3.01 GW thanks to $3.6bn investment
3 min read
Finance

Closing Bell: Saudi main index closes in green at 12,388   

  • By admin
  • February 28, 2025
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RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 68.58 points, or 0.56 percent, to close at 12,232.65.   The total trading[more...]
Leave a Comment on Closing Bell: Saudi main index closes in green at 12,388   
3 min read
Finance

Saudi credit card lending surges to $8.4bn amid digital payments boom 

  • By admin
  • February 27, 2025
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Lucid CEO steps down, company expects to more than double vehicle production this year BENGALURU: Electric vehicle maker Lucid Group said on Tuesday that[more...]
Leave a Comment on Saudi credit card lending surges to $8.4bn amid digital payments boom 
4 min read
Finance

Moody’s affirms Egypt’s Caa1 rating with positive outlook

  • By admin
  • February 27, 2025
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RIYADH: Chemical manufacturer Saudi Basic Industries Corp. posted a net profit of SR1.54 billion ($410.6 million) in 2024, rebounding from a SR2.77 billion loss[more...]
Leave a Comment on Moody’s affirms Egypt’s Caa1 rating with positive outlook
7 min read
Finance

Saudi Arabia’s Vision 2030 driving private equity growth in the GCC

  • By admin
  • February 26, 2025
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RIYADH: Saudi Arabia has emerged as a transformative force in the private equity landscape within the Gulf Cooperation Council, driven by strategic initiatives, regulatory reforms[more...]
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7 min read
Finance

Oil Updates — crude heads for weekly gain on supply jitters

  • By admin
  • February 26, 2025
  • 0 comments
RIYADH: Saudi Arabia has emerged as a transformative force in the private equity landscape within the Gulf Cooperation Council, driven by strategic initiatives, regulatory[more...]
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4 min read
Finance

Saudi banks’ new residential mortgages rise 17% to $24bn

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  • February 25, 2025
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RIYADH: Saudi Arabia’s banks issued SR91.1 billion ($24.28 billion) in new residential mortgages to individuals in 2024 — a 17 percent rise on the previous[more...]
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5 min read
Finance

Saudi Arabia launches new financing products to boost construction sector

  • By admin
  • February 21, 2025
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RIYADH: UAE’s ADNOC Drilling is projecting significant growth, expecting over $1 billion in investments for 2025. The company also has plans to expand its[more...]
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5 min read
Finance

PIF’s ROSHN, Johnson Controls Arabia ink deal to propel energy efficiency in Saudi Arabia

  • By admin
  • February 21, 2025
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RIYADH: Saudi Arabia’s Capital Market Authority is working on the introduction of special-purpose acquisition companies in the capital market to streamline the listing process,[more...]
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5 min read
Finance

Saudi Arabia, IMF lead talks on economic resilience at AlUla summit

  • By admin
  • February 20, 2025
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RIYADH: Saudi Arabia’s Capital Market Authority is working on the introduction of special-purpose acquisition companies in the capital market to streamline the listing process,[more...]
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5 min read
Finance

Saudi Arabia’s revenue rises to $336bn in 2024 as non-oil income surges 

  • By admin
  • February 20, 2025
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RIYADH: Big 5 Construct Saudi 2025 returned for its 13th edition in a groundbreaking two-week format, running from Feb. 15— 18 and 24— 27[more...]
Leave a Comment on Saudi Arabia’s revenue rises to $336bn in 2024 as non-oil income surges 
6 min read
Finance

Saudi banks see record profits amid strong credit growth and debt market expansion

  • By admin
  • February 19, 2025
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PIF’s ROSHN, Johnson Controls Arabia ink deal to propel energy efficiency in Saudi Arabia RIYADH: Saudi developer ROSHN has signed a deal with Johnson Controls[more...]
Leave a Comment on Saudi banks see record profits amid strong credit growth and debt market expansion
6 min read
Finance

Saudi Arabia leads GCC in US dollar debt and sukuk issuance, driving regional growth: Fitch

  • By admin
  • February 19, 2025
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PIF’s ROSHN, Johnson Controls Arabia ink deal to propel energy efficiency in Saudi Arabia RIYADH: Saudi developer ROSHN has signed a deal with Johnson Controls[more...]
Leave a Comment on Saudi Arabia leads GCC in US dollar debt and sukuk issuance, driving regional growth: Fitch
4 min read
Finance

Oil Updates — crude to snap 3-week losing streak amid US tariff delays

  • By admin
  • February 18, 2025
  • 0 comments
Saudi banks see record profits amid strong credit growth and debt market expansion RIYADH: Saudi Arabia’s top 10 listed banks recorded all-time high net[more...]
Leave a Comment on Oil Updates — crude to snap 3-week losing streak amid US tariff delays
7 min read
Finance

Saudi Arabia’s startup ecosystem LEAPs once again

  • By admin
  • February 18, 2025
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RIYADH: Saudi Arabia’s LEAP 2025 tech conference, held from Feb. 9 to 12, showcased the Kingdom’s growing startup ecosystem, with multiple funding rounds, acquisitions, and expansion[more...]
Leave a Comment on Saudi Arabia’s startup ecosystem LEAPs once again
7 min read
Finance

Saudi expat remittances surge to three-year high $38.5bn, SAMA reveals

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  • February 17, 2025
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RIYADH: Saudi Arabia’s LEAP 2025 tech conference, held from Feb. 9 to 12, showcased the Kingdom’s growing startup ecosystem, with multiple funding rounds, acquisitions, and[more...]
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7 min read
Finance

Saudi Arabia to lead region’s initial public offerings in 2025 — EY

  • By admin
  • February 17, 2025
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RIYADH: Saudi Arabia’s LEAP 2025 tech conference, held from Feb. 9 to 12, showcased the Kingdom’s growing startup ecosystem, with multiple funding rounds, acquisitions, and[more...]
Leave a Comment on Saudi Arabia to lead region’s initial public offerings in 2025 — EY
7 min read
Finance

Riyadh Expo 2030 to boost Saudi Arabia’s global presence

  • By admin
  • February 15, 2025
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Ceer supercharges Saudi EV industry with $1.4bn in deals, gearing up for 2026 launch RIYADH: Saudi Arabia’s first homegrown electric vehicle brand, Ceer, signed[more...]
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6 min read
Finance

Saudi Ma’aden prices $1.25bn debut sukuk, 9.2 times oversubscribed with $11bn in orders

  • By admin
  • February 15, 2025
  • 0 comments
RIYADH: Saudi Arabia has announced investments worth $14.9 billion in the technological sector on the first day of the LEAP 2025 Tech Conference as[more...]
Leave a Comment on Saudi Ma’aden prices $1.25bn debut sukuk, 9.2 times oversubscribed with $11bn in orders
6 min read
Finance

Closing Bell: Saudi Arabia’s main market gains 36 points to 12,469

  • By admin
  • February 14, 2025
  • 0 comments
RIYADH: From Formula One to boxing, golf to the FIFA World Cup, Saudi Arabia is rapidly establishing itself as a global sports hub. [more...]
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8 min read
Finance

Saudi PIF’s Alat and Lenovo break ground on new 200k sq. meter facility in Riyadh

  • By admin
  • February 14, 2025
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Saudi Arabia transforming into ‘center of gravity’ in regional tech space: expert  RIYADH: Saudi Arabia is quickly becoming a dominant force in the regional technology ecosystem,[more...]
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6 min read
Finance

IBM expands AI workforce in Saudi Arabia, aligning with Vision 2030: CEO 

  • By admin
  • February 13, 2025
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Pakistan aims for stronger trade ties with Saudi Arabia, says commerce minister  JEDDAH: Pakistan is seeking to expand its trade ties with Saudi Arabia,[more...]
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8 min read
Finance

Tencent Cloud to launch Saudi operations in 2025 with $150m investment, says official

  • By admin
  • February 13, 2025
  • 0 comments
Saudi Arabia transforming into ‘center of gravity’ in regional tech space: expert  RIYADH: Saudi Arabia is quickly becoming a dominant force in the regional technology ecosystem,[more...]
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6 min read
Finance

Saudi Arabia announces $14.9bn investment deals in LEAP 2025

  • By admin
  • February 12, 2025
  • 0 comments
RIYADH: Saudi Arabia has announced investments worth $14.9 billion in the technological sector on the first day of the LEAP 2025 Tech Conference as the[more...]
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6 min read
Finance

Saudi Aramco executive highlights key factors to unlock AI potential

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  • February 12, 2025
  • 0 comments
RIYADH: Saudi Arabia has announced investments worth $14.9 billion in the technological sector on the first day of the LEAP 2025 Tech Conference as[more...]
Leave a Comment on Saudi Aramco executive highlights key factors to unlock AI potential
8 min read
Finance

Saudi Arabia transforming into ‘center of gravity’ in regional tech space: expert 

  • By admin
  • February 11, 2025
  • 0 comments
RIYADH: Saudi Arabia is quickly becoming a dominant force in the regional technology ecosystem, establishing itself as the “center of gravity” for startups in the Middle[more...]
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6 min read
Finance

Pakistan aims for stronger trade ties with Saudi Arabia, says commerce minister 

  • By admin
  • February 11, 2025
  • 0 comments
RIYADH: From Formula One to boxing, golf to the FIFA World Cup, Saudi Arabia is rapidly establishing itself as a global sports hub. [more...]
Leave a Comment on Pakistan aims for stronger trade ties with Saudi Arabia, says commerce minister 
1 min read
Finance

GCC equity markets post monthly gains in January: Markaz

  • By admin
  • February 10, 2025
  • 0 comments
RIYADH: Equity markets in the Gulf Cooperation Council countries saw strong growth in January, with Kuwait and Saudi Arabia emerging as top performers, according to[more...]
Leave a Comment on GCC equity markets post monthly gains in January: Markaz
6 min read
Finance

RLC Global Forum to address the future of Saudi Arabia’s retail landscape 

  • By admin
  • February 9, 2025
  • 0 comments
RIYADH: Over 100 speakers from more than 600 organizations will convene at the Retail Leaders Circle Global Forum 2025 in Saudi Arabia to discuss collaboration[more...]
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4 min read
Finance

Saudi Arabia, Germany ink 200k-tonnes green hydrogen export deal

  • By admin
  • February 9, 2025
  • 0 comments
Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital  RIYADH: Saudi stock market profits are set to grow[more...]
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4 min read
Finance

Kuwait expects 12% rise in budget deficit to $20bn for 2025-2026

  • By admin
  • February 8, 2025
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Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital  RIYADH: Saudi stock market profits are set to grow[more...]
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6 min read
Finance

Saudi CMA, Insurance Authority forge partnership to strengthen sector oversight

  • By admin
  • February 8, 2025
  • 0 comments
RIYADH: Over 100 speakers from more than 600 organizations will convene at the Retail Leaders Circle Global Forum 2025 in Saudi Arabia to discuss[more...]
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4 min read
Finance

Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital 

  • By admin
  • February 7, 2025
  • 0 comments
RIYADH: Saudi stock market profits are set to grow by 8 percent in 2025, with the petrochemical sector driving the increase, according to a new[more...]
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1 min read
Finance

Oil Updates — prices gain as Trump tariffs stoke supply worries

  • By admin
  • February 7, 2025
  • 0 comments
LONDON: Oil prices rose on Monday after US President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of supply disruption, though gains[more...]
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4 min read
Finance

OPEC+ reaffirms commitment to production cuts

  • By admin
  • February 6, 2025
  • 0 comments
Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital  RIYADH: Saudi stock market profits are set to grow[more...]
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4 min read
Finance

Closing Bell: Saudi indices close in red at 12,377

  • By admin
  • February 6, 2025
  • 0 comments
Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital  RIYADH: Saudi stock market profits are set to grow[more...]
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4 min read
Finance

Pakistan, Saudi Arabia sign agreement to boost cooperation in public sector auditing

  • By admin
  • February 5, 2025
  • 0 comments
Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital  RIYADH: Saudi stock market profits are set to grow[more...]
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3 min read
Finance

Saudi Arabia’s property market set for growth with billions in new projects

  • By admin
  • February 5, 2025
  • 0 comments
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 5.62 points, or 0.05 percent, to close at 12,409.87. The total trading[more...]
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Finance

What qualities should the best tax return accountant have?

  • By admin
  • February 1, 2025
  • 0 comments
What Qualities Should the Best Tax Return Accountant Have? When seeking the best tax return accountant, it’s important to understand the key qualities that make[more...]
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Finance

Saudi ports record 13% growth in container handling: Mawani 

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  • April 10, 2024
  • 0 comments
RIYADH: Ports in Saudi Arabia recorded a 12.48 percent increase in the number of received containers in March compared to the same period last year,[more...]
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Finance

Kamco Invest Saudi partners with Flexam to introduce European leasing opportunities 

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  • April 1, 2024
  • 0 comments
RIYADH: Saudi investors will gain access to Shariah-compliant leasing opportunities in Europe’s logistics and transportation sectors following a partnership between Kamco Invest and Paris-based Flexam[more...]
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1 min read
Finance

SAMA issues rules for buy now, pay later companies

  • By admin
  • December 18, 2023
  • 0 comments
RIYADH: Saudi Arabia’s financial technology sector is bracing for growth with its apex bank issuing rules for buy now, pay later companies, according to a[more...]
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1 min read
Finance

Oman, India deepen economic ties through multiple MoUs

  • By admin
  • December 18, 2023
  • 0 comments
RIYADH: The economic and trade relations between Oman and India are set to strengthen further as both nations recently signed multiple agreements and memorandums of[more...]
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6 min read
Finance

True value of Expo 2030 boost laid out in new report

  • By admin
  • December 17, 2023
  • 0 comments
CAIRO: The startup ecosystem in Saudi Arabia remains at the forefront of regional funding trends, attracting substantial investments. Naeem, a Saudi Arabia-based software as a[more...]
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6 min read
Finance

Wize aims to electrify Saudi Arabia’s last-mile delivery sector

  • By admin
  • December 17, 2023
  • 0 comments
CAIRO: The startup ecosystem in Saudi Arabia remains at the forefront of regional funding trends, attracting substantial investments. Naeem, a Saudi Arabia-based software as a[more...]
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6 min read
Finance

Startup Wrap – Saudi based startups continue to raise significant funding

  • By admin
  • December 16, 2023
  • 0 comments
CAIRO: The startup ecosystem in Saudi Arabia remains at the forefront of regional funding trends, attracting substantial investments. Naeem, a Saudi Arabia-based software as a[more...]
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2 min read
Finance

Alkhorayef meets Korean company executives to boost industrial ties 

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  • December 16, 2023
  • 0 comments
RIYADH: Investments in the aquaculture sector between Saudi Arabia and China are poised for growth, with discussions taking place at the Global Investment Promotion Conference[more...]
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1 min read
Finance

Oil Updates – crude on track for first weekly rise in two months

  • By admin
  • December 15, 2023
  • 0 comments
LONDON: Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the[more...]
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1 min read
Finance

Qiddiya announces the launch of its gaming and esports district

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  • December 15, 2023
  • 0 comments
RIYADH: Developers of the Qiddiya mega-project in Riyadh announced the launch of the site’s Gaming and Esports District on Thursday, Saudi Press Agency reported. The[more...]
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3 min read
Finance

Saudi Arabia’s inflation reaches 1.7% in November: GASTAT 

  • By admin
  • December 14, 2023
  • 0 comments
RIYADH: The geospatial infrastructure in Saudi Arabia is set to receive a boost with the launch of an open data portal that will use geographical[more...]
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3 min read
Finance

IMFC selects Saudi Arabia’s minister of finance as new chair

  • By admin
  • December 14, 2023
  • 0 comments
RIYADH: The geospatial infrastructure in Saudi Arabia is set to receive a boost with the launch of an open data portal that will use geographical[more...]
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3 min read
Finance

Delegates at UN climate talks in Dubai agree to ‘transition away’ from planet-warming fossil fuels

  • By admin
  • December 13, 2023
  • 0 comments
RIYADH: Trade and economic ties between Saudi Arabia and China are expected to further strengthen, with the recent investment conference in Beijing witnessing the signing[more...]
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3 min read
Finance

Saudi-China investment event witnesses deals worth $25bn

  • By admin
  • December 13, 2023
  • 0 comments
RIYADH: Aramco has attained a high level of dependability in providing consistent and reliable oil and gas supplies to countries worldwide, according to the company’s[more...]
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2 min read
Finance

Saudi Tadawul Group and Chinese Shenzhen Stock Exchange sign MoU to boost cooperation 

  • By admin
  • December 12, 2023
  • 0 comments
RIYADH: Saudi Arabia granted 412 new industrial licenses in the third quarter, marking an 83.9 percent surge compared to the corresponding period in the previous[more...]
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1 min read
Finance

Closing Bell: TASI edges up 84 points, reaches $2bn trade volume  

  • By admin
  • December 12, 2023
  • 0 comments
RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward trend on Monday, as it gained 84.23 points, or 0.75 percent, to close at 11,380.95.    [more...]
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1 min read
Finance

Rich nations, GCC urged to use SDRs to fund climate action in Africa

  • By admin
  • December 11, 2023
  • 0 comments
DUBAI: Leaders of the Gulf Cooperation Council countries have been called upon to seize the global leadership in innovative climate finance through their unused special[more...]
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4 min read
Finance

BNPL firm Jeel Pay receives SAMA permit, boosting Saudi fintech

  • By admin
  • December 11, 2023
  • 0 comments
DUBAI: Leaders of the Gulf Cooperation Council countries have been called upon to seize the global leadership in innovative climate finance through their unused special[more...]
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1 min read
Finance

Biotech firm utilizes hemp to boost sustainability

  • By admin
  • December 10, 2023
  • 0 comments
CAIRO: Saudi-based biotech startup Green Desert is aiming to boost the Kingdom’s sustainability with a fresh line of industrial hemp products. Founded in 2020 by Abdulhadi[more...]
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1 min read
Finance

Qatar Airways launches NEOM Bay flight

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  • December 10, 2023
  • 0 comments
Riyadh: Qatar Airways expanded services to Saudi Arabia with the launch of the Doha-NEOM Bay flight on Saturday. The NEOM Bay flight will be the[more...]
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5 min read
Finance

Startup Wrap – Saudi Arabia leads November’s funding spree with $338m

  • By admin
  • December 9, 2023
  • 0 comments
CAIRO: Saudi Arabia’s startup ecosystem continues to dominate the region after raising the most funds in the Middle East and North Africa during November. According[more...]
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1 min read
Finance

Oil Updates – crude heads for 7th weekly loss as supply surplus, weak China demand weigh on market

  • By admin
  • December 9, 2023
  • 0 comments
LONDON: Oil benchmarks were headed for a seventh straight weekly decline on worries over a global supply surplus and weak Chinese demand, although prices recovered[more...]
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3 min read
Finance

Saudi Arabia, Russia stress need for OPEC+ to commit to deal

  • By admin
  • December 8, 2023
  • 0 comments
RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman on Thursday revealed the urban plan and global branding for Qiddiya City, a massive entertainment project under[more...]
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5 min read
Finance

Saudi jobs boom unmatched anywhere in the world, Budget Forum told

  • By admin
  • December 8, 2023
  • 0 comments
RIYADH: Some 1.1 million new jobs have been created in Saudi Arabia in the past year as the Kingdom’s economic diversification policies continue to bear[more...]
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4 min read
Finance

Saudi Arabia, IAEA discuss cooperation on development of nuclear energy

  • By admin
  • December 7, 2023
  • 0 comments
RIYADH: Saudi Arabia on Wednesday approved the state budget for 2024 with revenues projected at SR1.17 trillion ($312.48 billion) and expenditure at SR1.25 trillion, leading to a deficit[more...]
Leave a Comment on Saudi Arabia, IAEA discuss cooperation on development of nuclear energy
2 min read
Finance

Saudi Arabia’s 2024 budget set to aid the Kingdom’s successful trajectory, says finance minister

  • By admin
  • December 6, 2023
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RIYADH: Saudi Arabia on Wednesday approved the state budget for 2024 with revenues projected at SR1.17 trillion ($312.48 billion) and expenditure at SR1.25 trillion, leading to a deficit[more...]
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3 min read
Finance

Saudi Arabia’s real estate supply reservations more than double

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  • December 6, 2023
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Global Leadership Summit: Top decision-makers discuss real estate trends in Riyadh RIYADH: Real estate leaders and decision-makers from over 110 countries have assembled in Riyadh to exchange[more...]
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1 min read
Finance

Riyadh, Doha sign multiple deals across various sectors

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  • December 5, 2023
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RIYADH: Saudi Arabia and Qatar have signed multiple agreements and memorandums of understanding as both nations continue to strengthen their relationship.  These deals, which are[more...]
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4 min read
Finance

Turkish inflation rises to its highest level this year

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  • December 5, 2023
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DUBAI: As Gender Day was observed on Dec. 4 at the 2023 UN Climate Change Conference in Dubai, female participants advocated for increased awareness regarding[more...]
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1 min read
Finance

Women complain of unfulfilled promises to tackle gender disparity

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  • December 4, 2023
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DUBAI: As Gender Day was observed on Dec. 4 at the 2023 UN Climate Change Conference in Dubai, female participants advocated for increased awareness regarding[more...]
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7 min read
Finance

Experts laud Saudi private sector’s efforts in advancing sustainable development

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  • December 4, 2023
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DUBAI: Experts on Sunday highlighted the positive role the private sector is playing in advancing sustainable development in Saudi Arabia. The progressive picture emerged through[more...]
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6 min read
Finance

Startup Wrap – Saudi Arabia’s venture landscape receives influx of expanding startups

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  • December 3, 2023
  • 0 comments
CAIRO: Saudi Arabia’s entrepreneurial space is getting bigger with more startups raising funding and others expanding into the Kingdom. On the funding announcement front, Saudi-based[more...]
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5 min read
Finance

US-Saudi Business Council to hold conference in New Orleans

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  • December 3, 2023
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DUBAI: The US should participate, rather than being a “loud opponent,” in carbon pricing, urged the director of the International Monetary Fund.Addressing the Business and[more...]
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21 min read
Finance

Climate transition must be more holistic, says Bill Gates

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  • December 2, 2023
  • 0 comments
DUBAI: Leaders of developing nations jumped into Saturday’s second day of a UN climate summit to press rich industrial countries to share their know-how to[more...]
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5 min read
Finance

Cooperation with Saudi Arabia central to Japan’s green ambitions

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  • December 2, 2023
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LONDON: Maturation of Gulf states’ economies presents further opportunities to deepen the relationship between the region and the UK, the new Lord Mayor of the[more...]
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16 min read
Finance

World leaders take centerstage in high-level COP28 event

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  • December 1, 2023
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DUBAI: More than 130 world leaders take centerstage as they address the United Nations climate conference in Dubai over the next two days to deliver[more...]
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5 min read
Finance

Brazil president’s Saudi visit shows desire for stronger ties

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  • December 1, 2023
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SAO PAULO: The visit of Brazil’s president to Riyadh on Nov. 28-29 with a delegation of ministers and businesspeople showed that he wants to strengthen[more...]
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5 min read
Finance

Closing Bell: Saudi main index rises to close at 11,177 

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  • November 30, 2023
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Business & Philanthropy forum to highlight inclusive approach for equitable climate solutions DUBAI: As global leaders converge on Dubai to attend the UN COP28 to[more...]
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3 min read
Finance

Saudi Arabia reaffirms commitment to support UNIDO

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  • November 30, 2023
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RIYADH: Saudi Arabia has set a target to achieve 525 active financial technology entities by 2030, marking a significant milestone in the strategic development plan[more...]
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6 min read
Finance

Jazan poised to become a regional center for African trade

  • By admin
  • November 29, 2023
  • 0 comments
RIYADH: Around 200 heads of state, and diplomats will gather in Dubai later this week for the COP28 climate summit. This occurs at a time[more...]
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3 min read
Finance

Saudi capital Riyadh to host World Expo 2030

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  • November 29, 2023
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RIYADH: A total investment of $13.5 trillion is needed to ensure a carbon-neutral future by 2050, particularly in the production, energy and transport sectors, according[more...]
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1 min read
Finance

CBUAE and People’s Bank of China renew currency swap agreement, sign MoU 

  • By admin
  • November 28, 2023
  • 0 comments
RIYADH: The UAE and China have entered into a renewed currency swap arrangement facilitated by agreements that aim to advance technical and technological cooperation between[more...]
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3 min read
Finance

Saudi housing market remained hot in Q3 with $45.9bn worth of transactions

  • By admin
  • November 28, 2023
  • 0 comments
RIYADH: Affirming the Kingdom’s commitment to a sustainable future, the Saudi Green Building Forum is set to participate in the 28th session of the UN[more...]
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1 min read
Finance

Abu Dhabi launches SME Finance Facilitator program to propel sector

  • By admin
  • November 27, 2023
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RIYADH: Small and medium enterprises in the UAE are on course to have improved access to financial services thanks to a new program launched by[more...]
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3 min read
Finance

Saudi tourism investment firm ASFAR looking to shape Kingdom’s sustainable future

  • By admin
  • November 27, 2023
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RIYADH: Saudi Entertainment Ventures, also referred to as SEVEN, is set to construct a new destination in Asir with an investment of SR1.3 billion ($347.8[more...]
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7 min read
Finance

Every industry should be ‘held accountable’ on climate: COP28 president

  • By admin
  • November 26, 2023
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RIYADH: A robust electric vehicle transition that will support Saudi Arabia’s energy goals can only occur with the needed infrastructure, the CEO of the Electric Vehicle[more...]
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7 min read
Finance

Saudi Arabia leading the way when it comes to getting women into work

  • By admin
  • November 26, 2023
  • 0 comments
CAIRO: A flurry of investment deals flourished throughout the Middle East region, with UAE-based venture capitals landing a handful of transactions across multiple sectors. In[more...]
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7 min read
Finance

Startup Wrap – UAE firms lead this week’s venture activity

  • By admin
  • November 25, 2023
  • 0 comments
CAIRO: A flurry of investment deals flourished throughout the Middle East region, with UAE-based venture capitals landing a handful of transactions across multiple sectors. In[more...]
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2 min read
Finance

OPEC+ to hold next meeting virtually

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  • November 25, 2023
  • 0 comments
RIYADH: For the 6th consecutive time, Turkiye’s central bank has raised the one-week repo rate to 40 percent, signaling the conclusion of its tightening cycle.  [more...]
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2 min read
Finance

New Riyadh office for Italian government-backed insurance firm SACE

  • By admin
  • November 24, 2023
  • 0 comments
BEIJING: Brent crude futures edged down on Friday, extending losses from the previous session, as traders speculated on whether the Organization of the Petroleum Exporting[more...]
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2 min read
Finance

Algeria and Saudi Arabia prepare for trade boost after 8 deals signed at business forum

  • By admin
  • November 24, 2023
  • 0 comments
BEIJING: Brent crude futures edged down on Friday, extending losses from the previous session, as traders speculated on whether the Organization of the Petroleum Exporting[more...]
Leave a Comment on Algeria and Saudi Arabia prepare for trade boost after 8 deals signed at business forum
3 min read
Finance

Oil Updates – Brent retreats ahead of OPEC+ oil production decision

  • By admin
  • November 24, 2023
  • 0 comments
RIYADH: New businesses and environmentally conscious companies stand to benefit from a new carbon credits mechanism set to be launched in Dubai during the upcoming[more...]
Leave a Comment on Oil Updates – Brent retreats ahead of OPEC+ oil production decision

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