- Riyadh, Saudi Arabia--Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has launched a program that will leverage its...
The Local Content Growth Program will targets Fund’s goal of increasing to 60 percent its contribution and the contribution of its affiliates towards the Saudi economy by 2025.
The Program also includes a Local Content Policy, in which PIF’s portfolio companies will encourage and support local products and services.
- The Group's Q3 2022 figures showed revenue of $29 million and gross margin of $38 million.
The Group's Q3 2022 figures showed revenue of $29 million and gross margin of $38 million
The quarter saw continued sustainable growth across the Group's subsidiaries which grew by 67% in revenue and profitability
- The tech giant's iPhone sales missed estimates
Shares of Apple edged higher in after-hours trading, as the tech titan avoided a stumble akin to those experienced by Facebook parent Meta and Amazon
Profits edged up one percent to $20.7 billion, on an eight percent rise in revenues to $90.1 billion in Apple's fiscal fourth quarter ending September 24
- The 51-year-old ended up selling around $15.5 billion worth of Tesla shares in two waves, in April and in August.
The 51-year-old ended up selling around $15.5 billion worth of Tesla shares in two waves, in April and in August
the South African-born billionaire will personally cough up a little more than $27 billion in cash in the transaction
- Musk wasted no time sacking chief executive Parag Agrawal, as well as the company's chief financial officer and its head...
The takeover came hours before the court-appointed deadline for Musk to purchase the social media network.
Following the takeover, Musk tweeted that the "the bird is freed," referencing the company's iconic avian logo
- Saudi Arabia is focused on offering solutions that make global trade more predictable and reliable, says Faisal bin Fadhil Alibrahim...
Saudi Arabia is focused on offering solutions that make global trade more predictable and reliable, says Faisal bin Fadhil Alibrahim at an event in Riyadh.
The Future Investment Initiative, held under the theme "Investing in Humanity: Enabling a New Global Order", concluded in Riyadh late Thursday
- New York, United States---Closing in on his Twitter megadeal, Elon Musk said Thursday his goal is to enable "healthy" debate...
The planned takeover has dismayed activists who fear a surge in harassment and misinformation under the unpredictable Musk, who himself is known for trolling other Twitter users.
But Musk said he realizes Twitter "cannot become a free-for-all hellscape where anything can be said with no consequences."
- Volatile markets were mostly trading up after the ECB announced an expected hike to interest rates in the face of...
The euro lost against the greenback on Thursday, after having traded above one dollar for the first time since last month on Wednesday.
After fluctuating for much of the day, Eurozone stocks were flat by late afternoon trading.
- Q3 profit was AED3.8 bn, up 51 percent year-on-year, exceeding the $1bn mark.
A record quarter for retail lending and customer transactions, together with improving margins, drove income 31 percent higher YoY to AED22.7 billion.
New corporate lending grew by AED24 billion in the first nine months of 2022 and impairment was down 12 percent.





















