Tag: Qatif
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Investment opportunities in Saudi stock market on the rise, says analyst
RIYADH: Carbon markets are set to play a pivotal role in achieving climate goals, with efforts from Saudi Arabia and the UAE, paving the way for a smooth energy transition. According to a new report from the International Energy Forum, carbon markets are capable of effectively lowering the costs associated with greenhouse gas removal by ... -
Saudi Arabia to open investment office in Brazil
RIYADH: The total number of employees in Saudi Arabia’s private sector reached 11.1 million in February, up 0.9 percent from the previous month, according to newly released figures. The Saudi National Labor Observatory report revealed that out of the total, 2.3 million were Saudi nationals while 8.8 million were residents of the Kingdom belonging ... -
Saudi Arabia seeing rising interest in credit ratings amid broader investments and economy diversification: Moody’s exec
RIYADH: Saudi Arabia is seeing a growing interest in credit ratings, mainly driven by expanding global investments, regulatory reforms, and economic diversification, according to Moody’s. Jihad Al-Toukhi, senior vice president and relationship manager at Moody’s Saudi Arabia, affirmed in an interview with Arab News that the firm has “indeed observed a growing interest in credit ... -
Saudi small businesses granted 3-year extended time to pay financial fees
RIYADH: Foreign investment in Saudi Arabia’s financial market has reached SR400 billion ($106.6 billion), comprising 12 percent of tradable shares, revealed a top official. The Kingdom, relatively late to open its stock market, the Saudi Stock Exchange, also known as Tadawul, to foreign investors, made this significant move in 2015, setting itself apart in the ... -
World leaders in business, finance and tech gather in Miami for the 2nd FII Priority Summit
MIAMI: From conflict and climate change to the rise of disruptive new technologies like artificial intelligence, humanity faces an array of challenges. That is why world leaders in business and finance are meeting in Miami this week to discuss potential solutions. The second edition of the Future Investment Initiative Priority Summit kicks off in the ... -
New players adding to Saudi financial market’s diversity: top executive
RIYADH: Saudi Arabia is set to enhance its education, investment, securities trading, and sustainability landscape with the signing of six agreements, aligning with Vision 2030 goals. In the first deal, the Ministry of Human Resources and Social Development and Saudi Exchange signed a new cooperation agreement on the sidelines of the third Saudi Capital Market ... -
Open banking market could reach $43 billion in 2026, says Saudi Capital Market Authority chief
RIYADH: Global financial experts will gather in Riyadh on Monday to discuss the future of finance, evolving strategies, and innovative ideas to boost the sector’s growth at the third Saudi Capital Market Forum. The two-day event organized by Saudi Tadawul Group, to be held under the theme “Powering Growth,” will serve as a nexus for ... -
Experts to discuss future of finance at Saudi Capital Market Forum
RIYADH: Saudi Arabia experienced an 11 percent increase in non-oil revenues, reaching SR457.73 billion ($122.06 billion) in 2023 compared to 2022, official data showed. The growth, primarily driven by increased taxes on income, profits, and capital gains, resulted in a 58 percent surge in these taxes, totaling SR38.64 billion, as reported in the fiscal year ... -
94% of Saudi organizations plan to increase AI investment: survey
Closing Bell: TASI closes in green with 12,296 points, reaches $2.9bn trading volume RIYADH: Saudi Arabia’s Tadawul All Share Index concluded its Monday trading at 12,295.91 points, recording an increase of 86.85 points or 0.71 percent. The Kingdom’s parallel market Nomu also advanced by 4.50 points or 0.02 percent to 25,305.48 points. The MSCI Tadawul ... -
Saudi Arabia, US officials hold talks on education investment
Djibouti committed to working with Saudi Arabia on Red Sea maritime security, fighting terrorism: president RIYADH: Djibouti’s president has pledged his country’s commitment to helping bring about maritime security in the Red Sea, while also fighting terrorism. Ismail Omar Guelleh noted that the East African nation was cooperating with major powers, including Saudi Arabia, to ...