Tag: Saudi Arabia
Saudi Arabia awarded 348 licenses to international firms in Q1 2020
The Ministry of Investment of Saudi Arabia (MISA) updated that the country awarded Investor licenses to 348 new international companies in the first quarter...
Moody’s gives prime ratings for UAE and Kuwait
Moody’s Emerging Market Chartbook 2020 measures Abu Dhabi, UAE, and Kuwait as the highest-rated emerging markets sovereigns amid coronavirus pandemic.
While it rated GCC’s largest...
Renowned Saudi billionaire Saleh Abdullah Kamel passes away at 79
Renowned Saudi billionaire businessman Saleh Abdullah Kamel died in Dr. Samir Abbas Hospital in Jeddah today.
Kamel, who was 79, had a net worth estimated...
Saudi PIF seeking Elm Public Offer
Saudi Arabia’s sovereign wealth fund is contemplating an initial public offering of its information security company Elm. The $300 billion Public Investment Fund has...
NCB and Samba Financial Group report increase in profits
Saudi Arabia's biggest lender National Commercial Bank reported a 2.1 percent growth in quarterly profit despite higher allocations while Samba Financial Group stunned with...
FTA working group formed to assess the impact of hiked VAT...
According to Minister of Industry and Mineral Resources Badr Al-Khorayef, A working group with the Foreign Trade Authority (FTA) has been developed to deal...
Saudi Arabian Public Investment Fund purchases stakes in Citi, Disney and...
Saudi Arabia’s sovereign-wealth fund acquired stocks in corporations including BP Plc, Boeing Co., Citigroup Inc., Walt Disney Co. and Facebook Inc.
The Public Investment Fund...
Saudi Arabian experts produce coronavirus diagnostic test
Saudi Arabian experts at the King Faisal Specialist Hospital (KFSH) Research Center in Riyadh have successfully developed a diagnostic test to detect coronavirus infection.
The...
