Saudi Arabia Ranks 7th Globally In IPO Proceeds, Leads GCC Region
RIYADH: Saudi Arabia led the Gulf Cooperation Council’s initial public offerings market in 2024, earning a global rank... Read more
Omans Import Price Index Up 1.1% In Q3 2024
RIYADH: Oman’s general index of import prices saw an increase of 1.1 percent in the third quarter of 2024 compared to ... Read more
Saudi Entertainment Authority Launches 3rd Startup Accelerator To Drive Innovation
RIYADH: Saudi Arabia’s entertainment sector is set for growth as the General Entertainment Authority launches the thir... Read more
Video Game Industry Helping To Reshape Saudi Economy, Experts Say
RIYADH: The booming video game industry in Saudi Arabia is expected to play a crucial role in materializing the economi... Read more
Saudi Capital Market Strategy Set To Boost Growth, Transparency
RIYADH: Saudi Arabia’s Capital Market Authority has unveiled its ambitious 2024-2026 strategic plan, which aims to fu... Read more
Saudi Arabia, BlackRock Explore Collaborative Opportunities To Advance Vision 2030 Goals
RIYADH: A meeting between Saudi Arabia’s economy minister and the vice chairman of BlackRock focused on global economi... Read more
Saudi Arabias E-commerce Sector Sees 10% Growth, Official Figures Reveal
RIYADH: Saudi Arabia’s e-commerce sector saw its upward momentum continue in the fourth quarter of 2024, with 40,953 b... Read more
Saudi Aramco Increases February Oil Prices For Asia
RIYADH: Saudi Aramco has raised its crude oil prices for Asian customers in February, marking the first increase in thre... Read more
Jordans Total FDI Reaches $1.3bn, Reflecting Strong Investor Confidence
RIYADH: Jordan’s foreign direct investment inflows rose 3.7 percent year on year in the third quarter of 2024, reachin... Read more
Oil Updates — Prices Hold At Three-month High On Stronger Demand
LONDON: Oil prices rose on Monday, remaining at their highest since mid-October as colder weather spurred buying while f... Read more
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