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Saudi economic growth to accelerate to 4.7% in 2025: Moody’s

the financial - 21 November, 2024

RIYADH: Saudi Arabia’s economy is set to grow by 1.7 percent this year, before accelerating to 4.7 percent in 2025 and 2026, driven by...

COP29: Developing countries urge action on climate finance deal

the financial - 20 November, 2024

Measures available to manage the rising global temperature are not sufficient, a leading Thai official has told the UN’s climate change conference in Baku. Speaking...

Saudi Arabia’s endowment investment funds set record with over $267m in net assets

the financial - 20 November, 2024

Net assets of licensed endowment investment funds in Saudi Arabia reached a record SR1 billion ($266.67 million) in 2024, marking a 29.3 percent increase...

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Web3-enabled online auction marketplace set for January 2024 launch

the financial - 19 December, 2023

Ayshei will integrate cutting-edge features such as online auctions, virtual stores and others With the UAE e-commerce market, expected to reach $17.2 billion by 2027,...

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HRH the Crown Prince Launches the Urban Plan and the Branding of Qiddiya City

the financial - 8 December, 2023

His Royal Highness Prince Mohammad bin Salman bin Abdulaziz, Crown Prince, Prime Minister and Chairman of the Board of Directors of the Qiddiya Investment...

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China EV maker Nio to spin off its battery production unit

the financial - 6 December, 2023

Chinese electric vehicle maker Nio (9866.HK) plans to spin off its battery manufacturing unit, according to two people with knowledge of the matter, as part of...