Tag: Saudi Arabia

Saudi Arabia raises $910m in November sukuk offering 

RIYADH: Saudi Arabia’s National Debt Management Center has completed its riyal-denominated sukuk issuance for November, raising SR3.41 billion ($910 million), a 28.19 percent year-on-year...

Saudi Arabia’s endowment investment funds set record with over $267m in net assets

Net assets of licensed endowment investment funds in Saudi Arabia reached a record SR1 billion ($266.67 million) in 2024, marking a 29.3 percent increase...

Saudi Arabia, Tunisia sign deal to boost bilateral investments

Deal focuses on sharing regulations and laws to enhance investment environment in both countries Talks covered several sectors of mutual interest, including industry, transport, and...

Startup Wrap — Proptech leads startup investment in region as sector sees funding drop

RIYADH: Saudi Arabia’s real estate tech platform Ejari secured the largest startup investment across the Middle East and North Africa in October as the...

Closing Bell: Saudi Arabia’s TASI closes in red, down 0.97%

MSCI Tadawul 30 Index declined 15.60 points to close at 1,500.54 points Parallel market Nomu closed the day at 29,205.53 points, reflecting an increase of 95.12 points RIYADH: The...

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 Q3 budget deficit decreases to $8bn

RIYADH: Saudi Arabia reported a budget deficit of SR30.23 billion ($8.06 billion) for the third quarter of 2024, a decrease of 15 percent compared...

Saudi Arabia’s PIF to acquire 54% stake in MBC Group

Share price of MBC Group increased by 9.98% to SR45.75 Its net profit for the second quarter witnessed a rise of 66.5% to SR116.4 million RIYADH:...

Don't miss

Emirati startup founders unveil AI-powered innovations at Hub71 Impact 2026

Emirati startup founders showcased AI-powered and advanced technology solutions...

Groww and Zerodha AMCs post nearly 3x growth in AUM over last year

Entry of discount broking firms -- Groww and Zerodha...

Apple launches AI-powered Siri upgrade

Apple has launched an artificial intelligence-powered version of its...

Cloudflare highlights emerging risks and realities of frontier AI models in cybersecurity research

Cloudflare shared new insights into the evolving role of...

Dubai unveils new $410m economic support package for businesses 

Dubai approved a new 1.5 billion dirham ($410 million)...