Lucid Beats Estimates For EV Deliveries As Price Cuts, Cheaper Financing Spur Demand
LONDON: Lucid Group beat expectations for quarterly deliveries on Monday, as the Saudi Arabia-backed maker of luxury ele... Read more
Closing Bell: Saudi Main Market Gains To Close At 12,105 Points
RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Monday, gaining 34.87 points, or 0.29 percent, to close at ... Read more
Saudi Arabias PIF Completes $7bn Inaugural Murabaha Credit Facility
RIYADH: The Saudi Public Investment Fund has closed its first Murabaha credit facility, securing $7 billion in funding.... Read more
Saudi Arabias Expat Remittances Up 19% To $3.21bn: SAMA
RIYADH: Expatriate remittances from Saudi Arabia rose to SR12.03 billion ($3.21 billion) in November, marking an 18.73 p... Read more
Saudi Banks Mortgage Lending Surges To Near 3-year High Of $2.7bn
RIYADH: Saudi banks issued SR10.06 billion ($2.7 billion) in new residential mortgages in November, a 51.23 percent incr... Read more
Saudi Arabias Unemployment Rate Hits 3.7%: GASTAT
RIYADH: Saudi Arabia’s unemployment rate dropped to 3.7 percent in the third quarter of 2024, down 0.5 percentage poin... Read more
Closing Bell: Saudi Main Index Closes In Green At 12,037, Trading Turnover At $1.53bn
RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward movement for the third consecutive day on Tuesday,... Read more
Egypt To Accelerate Government IPO Steps To Attract Investments, Maximize Private Sector Role
RIYADH: Egypt aims to accelerate the government offerings program procedures in 2025 to maximize the private sector’s ... Read more
Startups Of The Year: Eyewa And Lean Technologies Attract Top US Investors To Mideast
RIYADH: Saudi startups eyewa and Lean Technologies have set a new benchmark in attracting international investment and d... Read more
Saudi Fund For Development Expands Global Support In Final Quarter Of 2024
RIYADH: Economies worldwide have faced significant challenges in 2024, marked by escalating geopolitical tensions and th... Read more
2024 Marks Saudi Arabias Bold Leap Toward Technological Leadership
RIYADH: Saudi Arabia’s digital transformation journey reached new heights in 2024, solidifying its position as a globa... Read more
Saudi Aramco Cuts January 2025 LPG Prices
RIYADH: Saudi Aramco has reduced the official selling prices for propane and butane for January 2025. According to an ... Read more
Saudi Arabia, Canada To Strengthen Economic Ties After High-level Meeting
RIYADH: Economic cooperation was the focus of a high-level meeting between a top Saudi official and the Canadian Ambassa... Read more
ACWA Power Secures $703m For Egyptian Wind Power Plant
RIYADH: Saudi utility giant ACWA Power has secured SR2.63 billion ($703 million) in financing to develop, operate, and m... Read more
Saudi Startup Investment Shifts Focus To AI, Enterprise Software, And SMEs
RIYADH: Saudi Arabia’s startup ecosystem is gaining momentum, propelled by government-backed initiatives and an influx... Read more