Saudi Arabia's Ministry of Human Resources and Social Development (HRSD), in partnership with the Ministry of Municipalities and Housing (MOMAH),...
Kearney’s 34-market study finds coordinated investment, strong customer satisfaction and financial performance helping the two Gulf markets outperform larger economies.
Dubai, UAE -- Saudi Arabia has updated the executive regulations of its Anti-Money Laundering Law, introducing stricter disclosure requirements for...Travellers must declare cash, gold, jewellery and precious items worth SAR40,000 or more when entering or leaving the kingdom.
New rules establish Riyadh as headquarters of the General Directorate of Financial Intelligence, with authority to open nationwide branches.
Dubai, UAE -- Nasdaq Dubai has listed a $500 million sukuk issued by The Arab Energy Fund (TAEF), adding to...The senior unsecured trust certificates, issued through APICORP Sukuk Limited under TAEF's Trust Certificate Issuance Programme, mature in 2031.
The sukuk was priced at a spread of 70 basis points over the Secured Overnight Financing Rate (SOFR).
Among the several factors that contributed to the volatility is the limited share float. Only around 4.2% of total shares...SpaceX shares trade around $157, above the $135 IPO price but well below the post-listing peak of about $226.
The stock briefly became the world's fourth most valuable listed company, surpassing Amazon and Microsoft, before retreating.
UAE and Middle East investors remain supported by stable oil markets, easing geopolitical risk premiums and strong liquidity, the bank...Bank forecasts S&P 500 reaching 7,950 and gold rising to $5,100 by mid-2027.
Global equities have gained more than 12% this year, supported by earnings and AI optimism.
Dubai, UAE -- Saudi Arabia's tourism authority has launched a digital platform bringing together travel offers and tourism packages from...Platform combines accommodation, flights, events and entertainment offers.
Packages available for Riyadh, Jeddah, Asir, Red Sea, Taif and Al-Baha.
- Domestic travel helped sustain Saudi Arabia's tourism sector in the first quarter, with total visitor numbers rising to 37.2 million...
International visitors generated SAR48 billion, nearly 60% of total tourism spending despite representing just one-fifth of travelers.
More than 105,000 hotel rooms are scheduled for delivery by 2030 as Saudi Arabia expands tourism infrastructure.
Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel by 0026 GMT, while U.S. West Texas Intermediate...The gains followed a selloff of more than 3% on Monday, when oil prices fell after signs of progress in negotiations between Washington and Tehran.
Spot gold was down 1.1% at $4,142.61 an ounce as of 0414 GMT, while U.S. gold futures for August delivery fell 1% to $4,160.20.
New economic licences issued in Abu Dhabi rose 21% in the first quarter of 2026 from a year earlier, reflecting...New licences rose 58% in Al Ain and 28% in Al Dhafra, outpacing growth in Abu Dhabi city.
Thirty-four industrial facilities entered production during the quarter, supporting local manufacturing capacity and supply-chain development goals.
State-backed investors are expanding beyond traditional investment models, increasing exposure to alternatives, AI and direct deals while balancing returns with...Top 10 sovereign wealth funds hold more than 75% of global assets.
Sovereign wealth funds reached about $15 trillion in assets under management in 2025.
- Dubai, UAE -- Saudi Arabia reduced its holdings of U.S. Treasury securities by $9.5 billion in April to $140.1 billion,...
The decline followed a sharp increase earlier this year that had lifted Saudi holdings to a six-year high of $160.4 billion in February.
Since then, the kingdom has pared back its exposure, largely through reductions in Treasury bills and other short-dated securities.
