BSF, Diriyah Co. Ink $1.6bn Financing Deal To Develop Wadi Safar Project
JEDDAH: Banque Saudi Fransi has signed a financing deal worth SR6 billion ($1.6 billion) with Diriyah Co. to develop the... Read more
UAE Joins Dividend Surge As Global Payouts Hit Record $1.75tn In 2024
RIYADH: The UAE was among 17 countries setting new dividend records in 2024 as global payouts surged to a record $1.75 t... Read more
PIF-backed Scopely Acquires Pokemon GO Maker For $3.5bn
RIYADH: Scopely, a US-based firm backed by Saudi Arabia’s Public Investment Fund, has signed a deal worth $3.5 billio... Read more
Qatar To Provide Gas To Syria Via Jordan
BEIRUT: Qatar is set to provide Syria with gas via Jordan to improve the nation’s meagre electricity supply and boost ... Read more
Lebanon Readies 22 Deals For Signing With Saudi Arabia During High-level Visit
RIYADH: Lebanon has prepared the final drafts of 22 cooperation agreements with Saudi Arabia, setting the stage for a h... Read more
Oil Updates — Crude Set For Biggest Weekly Drop Since Oct On Tariff Uncertainty, Supply Gains
NEW DELHI: Oil prices were little changed on Friday but were set for their biggest weekly decline since October as the u... Read more
Franchises Boosting Saudi Economy, As Kingdom Dominates Half Of MENAs $30bn Market
JEDDAH: Franchises are proving increasingly vital to Saudi Arabia’s economic development, driving employment, governme... Read more
Saudi Multi-billion-dollar Corporations Are Driving Strategic Investments In Startup Ecosystem
RIYADH: Saudi Arabia’s corporate venture capital arms are playing a pivotal role in driving innovation and advancing e... Read more
In Speech To Congress, Trump Reassures Investors That New Visa Scheme Would Not Tax Foreign Assets
RIYADH: President Donald Trump assured that investors entering the US under the newly introduced $5 million “Gold Card... Read more
Saudi Arabias M&A Market Sees 63% Rise In Feb
RIYADH: Saudi Arabia approved 26 mergers and acquisitions applications in February, a month-on-month surge of 62.5 perc... Read more
Closing Bell: Saudi Main Index Closes In Red At 11,811
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 87.75 points, or 0.74 percent, to close at 1... Read more
Jordans Move To Ease Residency Rules Will Attract Investment, Say Experts
RIYADH: Jordan’s recent move to ease residency requirements for foreign investors is set to drive capital inflows, par... Read more
Direct Flights From Stuttgart To Jeddah To Begin Later This Year
RIYADH: Direct flights from Stuttgart, Germany, to Jeddah, will begin in the second half of 2025 and operate twice a we... Read more
Saudi Expats Transfer Nearly $4bn In Jan, Bolstering Developing Economies
RIYADH: Expatriate remittances from Saudi Arabia rose to SR13.74 billion ($3.66 billion) in January, marking a 32 percen... Read more
Saudi Arabias Non-profit Sector Tops $26bn In Economic Contribution For The 1st Time
RIYADH: Saudi Arabia’s non-profit sector surpassed SR100 billion ($26.6 billion) in economic contribution in 2024 for ... Read more