Saudi Startups Top MENA Region In Raising Funds In H1, Collects $446m
RIYADH: Saudi Arabia’s focus on encouraging entrepreneurship has paid off as startups in the Kingdom raised $446 milli... Read more
Egypts Sovereign Fund Enters Top 50 Global Wealth List: SWFI
RIYADH: Egypt’s state wealth fund has attained 47th position in the top 100 largest sovereign funds by tot... Read more
Closing Bell: Saudi Main Index Slips Slightly To Close At 11,768
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped slightly by 11.56 points, or 0.10 percent, on Tuesday, to close ... Read more
Saudi Banks Set To Perform Well Despite Tighter Liquidity: Fitch
RIYADH: Despite tighter liquidity, banks in Saudi Arabia are expected to perform well this year thanks to a favorable op... Read more
Bahrains Economy Grows In Q1 As Non-oil Sector Rises 3.5%
RIYADH: Bahrain posted a real gross domestic product growth rate of 2 percent in the first quarter of 2023, fueled by a ... Read more
Maaden Makes Its Largest Ever Debt Repayment Of $800m
RIYADH: A debt of SR3 billion ($800 million) was repaid by Saudi Arabian Mining Co., also known as Ma’aden, in what wa... Read more
King Abdulaziz Port Welcomes Its First LNG-powered Cargo Vessel
RIYADH: Saudi Arabia’s King Abdulaziz Port has received its first cargo ship powered by eco-friendly liquified natural... Read more
ROSHN Signs MoU With Expro To Develop Saudi Real Estate
RIYADH: In a move to develop its residential communities, Saudi real estate developer ROSHN has signed a memorandum of ... Read more
UAE Economy Minister Visits Samsung HQ In South Korea
DUBAI: The UAE’s Minister of Economy Abdullah bin Touq Al-Marri recently led a delegation to electronics corporation S... Read more
Saudi Arabias SNB Capital Acquires $100m Stake In South Korean Car Battery Firm
RIYADH: Saudi Arabia’s SNB Capital has agreed to invest $100 million in South Korean firm SK On as the car battery man... Read more
Cybersecurity Registrations In Saudi Arabia Rise 52% To Hit Over 2k In Q2
RIYADH: Internet security is gaining prominence in Saudi Arabia, with an increasing number of cybersecurity firms gettin... Read more
Closing Bell: TASI Rises To 11,664 Points As Trading Turnover Hits $2bn
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 77.57 points, or 0.67 percent, to close at 11,... Read more
Egyptian Govt To Bear 11% Of Cost Of New Tourist Rooms: Minister
RIYADH: In a bid to further develop the country’s tourism sector, the Egyptian government is set to launch an initiati... Read more
Saudi Arabia Ranks 2nd In Latest Global Entrepreneurship Index
RIYADH: Saudi Arabia’s efforts to create a conducive environment for new businesses have seen the Kingdom secure the s... Read more
Lifeline To Islamabad: Saudi Arabia Deposits $2bn In Pakistani Central Bank
KARACHI: Saudi Arabia has deposited $2 billion in Pakistan’s central bank, Finance Minister Ishaq Dar announced on Tue... Read more