Ebdaa Microfinance Company, a prominent financial institution based in Bahrain, has announced its plans to expand into Saudi Arabia. This strategic move aims to leverage...
Saudi Aramco to Open Petrol Station in Pakistan
Saudi Aramco, the state-controlled oil giant, is set to launch its first branded petrol station in Pakistan by the end of this year. This move...
Brokers Push for Tightening of Middle East Escalation Clause Wordings
Reinsurance brokers are advocating for more precise language in the Middle East escalation clauses included in specialty treaties. These clauses, introduced by reinsurers such as...
Sutherland Solutions to Drive Riyadh Air’s Financial Operations
Riyadh Air has partnered with Sutherland to enhance its financial operations through advanced digital solutions. This collaboration aims to streamline the airline’s financial processes, ensuring...
e-finance Announces Cash Dividends for H1-24 to Boost Investor Confidence
In a move aimed at enhancing investor confidence and rewarding shareholders, e-finance for Digital and Financial Investments has announced a cash dividend distribution for the...
Saudi Stock Market Index Declines for Fourth Consecutive Session
The Saudi Stock Exchange’s main index, the Tadawul All Share Index (TASI), has declined for the fourth consecutive session, closing at 11,962.90 points. This recent...
Saudi Market Regulator Approves IPO of Jadwa Saudi Equity Fund II
In a significant move for the Saudi financial market, the Capital Market Authority (CMA) has approved the initial public offering (IPO) of Jadwa Saudi Equity...
Saudi Arabia Invests Billions of Dollars in Africa to Boost Development and Cooperation
Saudi Arabia has committed billions of dollars to various development projects across Africa, aiming to enhance infrastructure, healthcare, education, and economic growth. This significant investment...
Investcorp Associate Plans to Sell Stake in Saudi-Listed BinDawood Holding
Commercial Growth Development Co., an associate of Bahrain-based Investcorp, has announced plans to sell its stake in Saudi-listed BinDawood Holding. The sale involves 64 million...
Riyadh to Hold Inaugural Global PropTech Summit in October
Riyadh is set to host the inaugural Global PropTech Summit this October, marking a significant milestone in the kingdom’s efforts to position itself as a...
Fourth Milling Co. to Go Public on Saudi Stock Exchange
Fourth Milling Company (MC4), a leading flour production company in Saudi Arabia, has announced its plans to go public on the Saudi stock exchange. The...
24 Fintech Conference in Riyadh a Big Draw
The inaugural 24 Fintech Conference, held from September 3-5, 2024, at the Riyadh Front Exhibition and Conference Center, has emerged as a major attraction in...
One Million State Pensioners to Miss Out on £300 Winter Fuel Payment
In a recent announcement, it has been revealed that approximately one million state pensioners will miss out on the £300 Winter Fuel Payment this year....
Egyptian Firm Plans Projects and Investments in Iraq
Egypt’s Talaat Moustafa Group (TMG) has announced plans to initiate several projects and investments in Iraq, marking a significant step in strengthening economic ties between...
24 Fintech Opens its Doors to Inaugural Event, Aiming to Boost Saudi Economic Growth
The inaugural 24 Fintech summit and exhibition has officially opened its doors at the Riyadh Front Exhibition & Conference Centre. This three-day event, designed to...
EGX Closes Sunday with Positive Performance
The Egyptian Exchange (EGX) concluded Sunday’s trading session on a high note, with several indices showing positive performance. The EGX30 main index rose by 0.42%,...