Tag: News

Closing Bell: Saudi main index ends marginally lower at 10,885 

RIYADH: Saudi Arabia’s Tadawul All Share Index edged down on Monday, slipping 11.81 points, or 0.11 percent, to close at 10,885.58.  Total trading turnover of...

MENA startup funding rises 1,411% MoM to $783m

Funding landscape sees notable shifts among emerging ecosystems RIYADH: Startup investment across the Middle East and North Africa accelerated sharply in July, with total funding reaching $783...

Closing Bell: Saudi main index rises to close at 10,897

Parallel market Nomu added 17.42 points to close at 26,633.08 MSCI Tadawul Index gained 7.82 points to end at 1,409.49 RIYADH: Saudi Arabia’s Tadawul All Share...

Startup Wrap: Saudi firms surge as AI, food tech deals highlight ecosystem’s rapid ascent 

RIYADH: Saudi Arabia’s startup ecosystem continues to gain momentum, with a surge of early- and growth-stage investments across technology-driven sectors including AI, food tech,...

Saudi EXIM Bank’s H1 credit facilities surge 44% to $6.29bn

Export financing disbursements rose 26.2% to SR8.87 billion Gowth supports bank’s mandate to help double Kingdom’s industrial exports RIYADH: Saudi Arabia’s Export-Import Bank boosted credit facilities...

Saudi Arabia leads MENA startup funding with $396.5m in July: Wamda

Kingdom’s performance boosted by three major rounds UAE followed as second-largest destination for funding RIYADH: Saudi Arabia led Middle East and North Africa startup funding in...

Saudi banks’ June profits hit record $2.63bn amid loan growth, digital boom

RIYADH: Saudi Arabia’s banking sector maintained its momentum in June, as aggregate profits before zakat and taxes climbed to SR 9.9 billion ($2.63  billion) — the...

Nazara’s Q1 net profit up 118%, revenue doubles

Synopsis Nazara Technologies witnessed substantial growth in the June quarter. Net profit increased significantly, driven by its gaming portfolio. Revenue from operations nearly doubled compared...

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Saudi Exchange shows resilience on Aramco shares, defying regional trend

RIYADH: Saudi Arabia’s Tadawul All Share Index showed signs...

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...