SAMA Licenses ‘Hala Financing’ to provide crowdfunding solutions
Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) has licensed "Hala Financing" to provide debt-based crowdfunding solutions. With Hala...
Business
Despite sanctions, Iran oil exports hit six-year high: report
Tehran, Iran - Iran managed to sell an average of 1.56 million barrels per day during the first quarter of...
Economy
Celebrations and celebrities mark Branson’s space flight
Drinks flowed, guests cheer and Grammy-nominated singer Khalid debuted a new single: British billionaire Richard Branson threw himself a party...
Verdict day in Jordan ‘coup plot’ trial
Former royal court chief have been charged with conspiring with Prince Hamzah to have him replace his half-brother, King Abdullah...
Arab countries pledge help as Tunisia faces Covid surge
President Kais Saied has said that Saudi Arabia, Libya, Kuwait, Turkey and Algeria have also pledged to help Tunisia is...
Saudi Arabia’s non-oil economy to grow 4.3%
The investments by the Public Investment Fund contributed to the economic recovery Last year, Saudi's economy suffered a double whammy...
Mercenaries: The sinister export from Colombia’s conflict
Some 26 Colombians have been accused of taking part in the pre-dawn murder of president Jovenel Moise Participation of Colombian...
Jordan king, Israel president hold talks after water deal
Abdullah "stressed the importance of working towards a just and comprehensive peace" between Israel and the Palestinians Herzog was quoted...
G20 ministers endorse global deal to tax multinationals
A framework for international tax reform, including a minimum corporate rate of 15%, was agreed this month by 131 countries...
Oil prices rise amid growing demand from India, China
Brent crude oil futures were up $1.43, 1.93%, at $75.55 Prices had dropped early in the week by the collapse...
G20 ministers set to green light global tax reform
Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to...
Lebanon: Pharmacies go on strike over medicine shortages
The country is facing what the World Bank has called one of the world's worst economic crises since the 1850s...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
SAMA Licenses ‘Hala Financing’ to provide crowdfunding solutions
Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) has licensed "Hala Financing" to provide debt-based crowdfunding solutions. With Hala...
Business
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DTC sets IPO offer price range
Final offer price will be fixed through a book-building process
Business
Israel designates Lashkar-e-Taiba as terror outfit
Israel marks the 15th anniversary of the 26/11 Mumbai attacks by designating Lashkar-e-Taiba (LeT), a Pakistan based militant group, as...
Geostrategy
COP28 turns attention to potent methane emissions
Methane -- which is potent but relatively short-lived -- is a key target for countries wanting to slash emissions quickly...
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Geostrategy
Putin to speak at online BRICS summit on Middle East
Moscow, Russia - President Vladimir Putin will take part in an online BRICS summit on the escalation of the situation...
- According to the press service of the president of South Africa, the current BRICS’ presidency, the meeting will focus, in particular, on the situation in the Gaza Strip
- United Nations Secretary General Antonio Guterres will take part in the meeting, which is expected to yield a joint statement
Business
PureHealth to list on ADX
The company is expected to start trading on ADX in December 2023.
- Subject to obtaining regulatory approvals and other relevant considerations the company is expected that trading on ADX will commence in December 2023
- In May 2023, PureHealth completed its acquisition of Ardent Health Services, which is USA’s fourth largest private healthcare group
Economy
Foreign investors’ ownership in Saudi market surges 300%
Riyadh, Saudi Arabia - The Saudi capital market has witnessed a surge in foreign investments, with the value soaring by...
- This exponential growth accounts for 14.2% of the total value of free float in the main market, compared to SAR 86.86 billion ($23.48 billion) in 2018
- Since allowing direct foreign investment in 2015, the Saudi Capital Market has evolved into a hub where foreign investors actively engage in daily trading