Tag: Saudi

Closing Bell: Saudi main market opens week in green at 11,528 

RIYADH: The Saudi Exchange ended Sunday’s session higher, with the Tadawul All Share Index rising 0.29 percent to close at 11,528.59 points, gaining 32.87...

Mada drives Saudi e-commerce with 72% surge to $7bn in June 

RIYADH: E-commerce spending in Saudi Arabia via Mada cards rose 72 percent year on year to SR25.97 billion ($6.93 billion) in June, underscoring the...

Saudi non-listed corporate debt jumps over 500% as investors diversify

Traded government debt instruments climbed 132.4% to SR15.60 billion Foreign investment in Saudi financial market grew 1.65% to SR481.8 billion RIYADH: Saudi Arabia’s debt instruments market...

Saudi ACWA Power expands portfolio with $693m acquisitions in Bahrain, Kuwait

RIYADH: Saudi utility giant ACWA Power has strengthened its portfolio by acquiring a $693 million stake in power generation and water desalination companies in...

Saudi retail real estate sales to reach $183bn by 2027: Deloitte

Report assessed the Kingdom’s real estate market in 2023 and projected trends for 2024 across various sectors Deloitte report said contribution of construction industry to...

Saudi-UK aviation ties set for growth amid investment push

JEDDAH: Saudi Arabia aims to strengthen aviation ties with the UK as officials from both countries met to boost investment and collaboration, amid the...

Saudi-based Walaa Cooperative Insurance Co. maintains ‘A-’ rating: S&P Global

S&P expects Walaa to maintain this level of capital adequacy over the next two years It also expects the company to gradually improve its combined...

Saudi POS spending reaches $3.78bn, driven by surge in utilities and jewelry

Spending on public utilities rose by 11.5% to SR63.32 million Total POS transactions in the Kingdom reached SR14.22 billion, a 0.7% decrease from the previous...

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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...