Saudi Arabia
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, ......
Finance
Saudi Arabia's PIF hits $749 bn in assets under management
Saudi Arabian sovereign wealth fund PIF's managed assets reached 2.81 trillion riyals ($749.2 billion) in 2023, state news agency SPA ......
Healthcare
Saudi Arabia's healthcare group Fakeeh Care announces IPO
Saudi Arabia's Fakeeh Care Group, one of the largest private hospital groups in the kingdom, said on Wednesday it planned ......
Finance
In Charts: Saudi Venture Capital doubles down on commitments in 2023
Riyadh’s state-owned institution Saudi Venture Capital (SVC), which manages assets worth $2.2 billion, almost doubled its funding commitments in 2023 ......
Finance
Saudi PIF-backed Riyad Bank weighs IPO of investment banking unit
Saudi Arabia's Riyad Bank, the kingdom's third biggest lender by assets, said on Thursday its board was considering an initial ......
