Tag: KSA

Saudi Power Procurement Co. signs $458m wind energy deal for Yanbu project

Saudi Power Procurement Co. has signed a power purchase agreement for the 700-megawatt Yanbu Wind Power Project, backed by an investment exceeding SR1.7 billion...

Saudi Arabia pitches $2.5tn mining sector potential to Canadian firms

Canadian companies have been presented with exploration opportunities in Saudi Arabia’s mining sector during a roundtable in Vancouver. Officials from the Kingdom’s Ministry of Industry...

Najran’s SAR227 Billion Mineral Wealth Highlighted at Investment Forum

Assistant Minister of Industry and Mineral Resources for Planning and Development Abdullah Alahmari said the estimated value of untapped mineral wealth in Najran Region...

Inside Riyadh’s Insane Fintech Boom: $412M Spent—Is a Correction Coming Next?

Riyadh has emerged as a powerhouse in MENA’s fintech race. In H1 2025, Saudi Arabia led the region in VC inflows, especially into fintech, cementing...

SIC, Investindustrial forge alliance to drive Saudi industrial expansion


Deal aims to catalyze new industrial investments in the Kingdom RIYADH: SIDF Investment Co., the financial arm of the Saudi Industrial Development Fund, has entered...

Saudi inflation holds steady at 2.2% in May  

CPI remained stable in May 2025, recording 0.1% increase Broader inflation picture reinforced by wholesale price data, which showed 2% year-on-year increase RIYADH: Saudi Arabia’s annual consumer inflation...

Saudi commercial bank profits jump 16% in April, topping $2bn before zakat, tax

Year-to-date earnings reached SR32.97 billion, an annual rise of 20% Banks getting balance sheets ready for next investment wave RIYADH: Saudi Arabia’s banking sector extended its...

Closing Bell: Saudi main index closes in red at 10,825 

MSCI Tadawul Index decreased 21.69 points to close at 1,382.11 Parallel market Nomu lost 140.52 points to end at 26,669.23 RIYADH: Saudi Arabia’s Tadawul All Share...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...