Tag: News

Business

MENA firms raise $180m in 7-day funding blitz

the financial -
Activity reflects continued investor confidence in multiple sectors RIYADH: Startups across the Middle East and North Africa kicked off the second quarter of 2025 with a...
Business

Mouri Tech refiles draft papers for Rs 1,500-crore IPO

the financial -
Mouri Tech proposed to raise Rs 250 crore through selling new shares, while promoters and a selling shareholder plan to sell stock to the...
Banking

Saudi Arabia leads 106% rise in MENA IPO proceeds across Q1: EY

the financial -
RIYADH: Proceeds from initial public offerings across the Middle East and North Africa saw a 106 percent annual rise in the first quarter of...
Economy

Saudi POS spending hits $4bn, fueled by increased spending across all sectors

the financial -
RIYADH: Saudi Arabia’s point-of-sale transactions climbed 36.2 percent to SR15.4 billion ($4.1 billion) in the week ending May 3, driven by increased spending across all...
Economy

Saudi Arabia’s revised 2024 capital investment rises to $355bn, surpassing target by 38%

the financial -
RIYADH: Saudi Arabia’s gross fixed capital formation reached SR1.33 trillion ($355 billion) in 2024, reflecting a 4.5 percent annual increase, according to updated data released...
Business

India-UK FTA done and dusted but bilateral investment treaty still pending

the financial -
Talks on BIT are on but inclusion of taxation is a contentious issue. Officials are hopeful of sealing the deal this yearIndia and the...
Business

Closing Bell: Saudi main index closes in green at 11,434 

the financial -
RIYADH: Saudi Arabia’s Tadawul All Share Index extended its upward momentum for a second straight day, gaining 11.13 points, or 0.10 percent, to close...
Business

BMW Ventures refiles draft papers to raise funds via IPO for debt reduction

the financial -
BMW Ventures IPO will consist of entirely fresh issue of 2.34 crore equity shares with no offer-for-sale component. Long and flat steel products distributor...
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