Saudi Arabia
Finance
Saudi Arabia's SMASCO aims to raise $240 mn via IPO
Saudi Arabian staffing company SMASCO aims to raise as much as 900 million riyals ($239.99 million) in its initial public ......
Finance
Aramco boasts a $31 bn dividend despite decline in earnings growth
Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders ......
Infrastructure
Shell in talks to sell its Malaysia fuel stations to Aramco
Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, ......
TMT
MENA Digest: Abyan Capital, Bon Plus raise early-stage funds
Dealmaking activity in the Middle East and North Africa decelerated compared to the previous week but saw at least two ......
TMT
Why UAE's Nuwa Capital is reluctant to invest in these tech sectors
Nuwa Capital, a UAE-based venture capital firm, which is currently deploying its maiden $100-million fund in early-stage businesses, is keeping ......
Economy
Saudi Arabia's Q1 GDP falls 1.8% year-on-year
Saudi Arabia's real gross domestic product (GDP) decreased 1.8% year-on-year in the first quarter, flash estimates by the government's statistical ......
Finance
BlackRock to launch PIF-backed Saudi investment platform
The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, ......
Manufacturing
Saudi firm Ma'aden to buy US fertilizer maker Mosaic's stake in JV for $1.5 bn
Fertilizer maker Mosaic Co said on Tuesday that Saudi Arabia's flagship mining firm Ma'aden would acquire the U.S.-based company's stake ......
TMT
China's Meituan looking to foray into Saudi Arabia in a bid to expand
Chinese food delivery giant Meituan is seeking to hire staff for at least eight positions based in Riyadh, in a sign ......
TMT
Saudi PIF, STC Group likely to bid for Spanish Cellnex's Austrian unit
Saudi Arabia's STC Group and sovereign fund PIF may bid for the Austrian unit of Spanish mobile phone tower operator Cellnex, ......
