On Tuesday, Egypt’s stock market indices demonstrated a robust performance, reflecting investor confidence and economic resilience. The EGX30 main index rose by 1.33% to 28,210.41...
Lucid Motors Secures $1.5 Billion Saudi Funding Ahead of SUV Launch
Lucid Motors, the electric vehicle (EV) manufacturer, has received a substantial $1.5 billion funding boost from its largest shareholder, Saudi Arabia’s Public Investment Fund (PIF)....
Saudi Aramco to Acquire Additional Stake in Petro Rabigh for $702 Million
Saudi Aramco has announced its decision to acquire an additional 22.5% stake in Rabigh Refining and Petrochemical Company (Petro Rabigh) from Sumitomo Chemical for $702...
Saudi Main Stock Index Rebounds by 1.5% After Monday’s Decline
The Saudi main stock index, Tadawul All Share Index (TASI), experienced a significant rebound on Tuesday, rising by 1.5% after a sharp decline on Monday....
Why UAE, Saudi Stock Investors Should Not Panic on US Recession, Tech Meltdown Fears
Amid growing concerns over a potential US recession and a tech sector meltdown, stock investors in the UAE and Saudi Arabia are being advised to...
Saudi TASI Reduces Losses by Closing Down at 2.1%
The Saudi Tadawul All Share Index (TASI) experienced a significant drop, closing down by 2.1% on Monday. This decline, amounting to 249.91 points, brought the...
Saudi: Alkhaleej Training’s Profits Leap 1,592% in H1-24
In a remarkable financial turnaround, Alkhaleej Training and Education Company has reported a staggering 1,592% increase in net profits for the first half of 2024....
Saudi: Al Rajhi Bank Logs $2.42 Billion Profits in H1-24; Dividends Approved
In a robust financial performance, Al Rajhi Bank has reported a net profit of $2.42 billion (SAR 9.10 billion) for the first half of 2024,...
Cyprus-Egypt Relations of Strategic Importance, Says Foreign Minister
Cyprus and Egypt have reaffirmed their commitment to strengthening bilateral relations, with both countries recognizing the strategic importance of their partnership. Following a meeting in...
India, Saudi Arabia Hold Inaugural Meeting of High-Level Task Force on Investments
India and Saudi Arabia recently held the inaugural meeting of the High-Level Task Force on Investments, marking a significant step in strengthening bilateral economic ties....
Shell and Cheiron to Invest $340 Million in Egyptian Oil and Gas
In a significant boost to Egypt’s energy sector, Shell Egypt and Cheiron Energy have committed to investing $340 million to enhance oil and gas production...
China Investors Pile Into Saudi ETFs as Two Nations Grow Closer
Chinese investors are increasingly turning their attention to Saudi Arabian exchange-traded funds (ETFs) as the economic and trading ties between China and Saudi Arabia continue...
PM: State Supports Saudi Investments in Egypt
Egypt’s Prime Minister has reaffirmed the state’s commitment to supporting Saudi investments in the country. This announcement comes as part of ongoing efforts to strengthen...
UK Households on Fixed Rate Mortgages Warned of Missing Out on Best Rates
UK households with fixed-rate mortgages have been warned that they might be missing out on the best available rates as the cost of living crisis...
Mideast Stocks: Gulf Markets Gain on Positive Earnings; Saudi Eases
Most Gulf stock markets ended higher on Tuesday, buoyed by positive corporate earnings and investor optimism about potential interest rate cuts by the U.S. Federal...
Groundbreaking Kuwait-Saudi Arabia Railway Link Set to Launch in 2026
The Kuwait-Saudi Arabia railway link, a landmark project aimed at enhancing connectivity and economic integration between the two nations, is set to launch in 2026....