Tag: KSA

COP29: World leaders urged to close $359bn adaptation finance gap by UN Secretary-General

Antonio Guterres stressed the need for a significant increase in concessional finance He called on wealthier nations to prioritize this support, especially for communities struggling...

Saudi-Portuguese Business Council launches investment regulation initiative

RIYADH: Saudi Arabia and Portugal are aiming to increase awareness of investment regulations in both countries to boost trade thanks to a first-of-its-kind initiative.  Announced...

China to issue $2bn bonds in Saudi Arabia amid deepening bilateral ties

RIYADH: China has announced plans to issue dollar-denominated bonds in Saudi Arabia starting the week of Nov. 11, marking its first debt issuance in...

Saudi Arabia’s eXtra unveils price range for IPO

United International Holding Co (UIHC), the subsidiary of Saudi-listed United Electronics Company (eXtra), will raise between 900 million Saudi riyals ($264 million), and SAR...

Saudi Arabia announces $13.3bn of investment deals at Global Health Exhibition

Key agreements include SR4bn pharmaceuticals-manufacturing deal, SR5bn expansion by Fakeeh Care Group, and SR3bn Almoosa Health Group plan for new medical facilities Goal is for...

Closing Bell: Saudi main index closes in red at 11,907

MSCI Tadawul Index decreased by 16.87 points, or 1.12%, to close at 1,490.22 Parallel market Nomu surged, gaining 227.15 points, or 0.87%, to close at...

Serbia secures $205m loan from Saudi Fund for Development

JEDDAH: Serbia has signed a $205 million loan agreement with the Saudi Fund for Development to enhance its agriculture, education, and energy sectors. Three deals...

Saudi hotel spending rises 2.4% amid broader POS decline: SAMA

Spending on education saw the largest decline, plummeting 36% to reach SR125.9 million Jewelry sector recorded the smallest decline at 0.8%, reaching SR261.4 million RIYADH: Saudi...

Don't miss

50 Billion In Economic Power: Arab Women Are Rewriting the Startup Rules in the Gulf

Across the Gulf, a powerful wave of women entrepreneurs...

How Finhaat Is Bringing Insurance And Wealth Creation To India’s Rural & Semi-Urban Markets

SUMMARY Despite being one of the most promising markets, India’s...

UAE shares end higher as outcome of US-China trade talks awaited

LONDON: Stock markets in the UAE ended higher on Monday,...

Porter’s 10-Year Grind: From Intracity To An INR 2.8K Cr Pan-India Logistics Business

SUMMARY Porter was among the first movers in the hyperlocal...

How Snitch Stitched An INR 500 Cr Revenue Run In 5 Years

SUMMARY Founded in 2019, Snitch is a men-focussed fast-fashion brand...