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Business

ACWA Power secures $119m loan facility from Alinma Bank for new headquarters

the financial - 25 April, 2025

RIYADH: Saudi utility giant ACWA Power has secured an SR750 million ($119 million) Shariah-compliant term loan facility from Alinma Bank to fund its new...

Business

SaaS startups raise AI budgets, go slow on hiring amid technology shift

the financial - 25 April, 2025

From lean teams to smarter tools — AI is reshaping how SaaS startups scale, spend, and staff. As the post-pandemic software-as-a-service (SaaS) landscape stabilizes, a...

Business

Trident Growth Partners, led by former Premji Invest and IFC investors, secure Rs 1,000 cr in debut fund

the financial - 24 April, 2025

Backed by Ranjan Pai's family office Claypond Capital and SIDBI's Fund of Funds for Startups, the fund is led by former Premji Invest and...

Economy

Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore

the financial - 24 April, 2025

RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds across emerging markets after it secured $391 million in the...

Business

Saudi crude output hits 8.95m bpd: JODI data

the financial - 24 April, 2025

RIYADH: Saudi Arabia’s crude oil production rose to 8.95 million barrels per day in February, marking a 0.34 percent monthly increase, according to the...

Business

Fireside Ventures gets ready to raise $230 million for fourth fund

the financial - 24 April, 2025

Fireside has raised money largely from domestic LPs but is now looking to have more foreign investors come in Fireside Ventures, a homegrown consumer-focused VC...

Business

Saudi Arabia to drive Islamic finance growth in 2025, S&P says

the financial - 23 April, 2025

RIYADH: Saudi Arabia is poised to play a key role in propelling the growth of the global Islamic finance industry in 2025, underpinned by...

Business

Saudi Arabia raises $990m through April sukuk issuance

the financial - 23 April, 2025

RIYADH: Saudi Arabia’s National Debt Management Center raised SR3.71 billion ($990 million) through its riyal-denominated sukuk issuance for April, reflecting a 40.5 percent increase...

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