Friday , 19 October 2018

Tag Archives: Saudi Arabia

Softbank, Mubadala aim to bring investee companies to UAE and Saudi Arabia

Softbank Investment Advisers says “number one goal” of new office is to bring portfolio companies to the region The head of investment giant Softbank’s new Middle Eastern offices has said that its new regional bases in Abu Dhabi and Riyadh will be used to bring some of the portfolio companies within its $100 billion Softbank Vision Fund to the region. …

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MIDEAST STOCKS-Gulf outperforms emerging market slump, late sales hit Saudi

Big banks boost Abu Dhabi and Qatar Gulf stock markets mostly rose on Monday, outperforming emerging markets globally, though Saudi Arabia closed lower because of a wave of selling in the final hour. MSCI’s emerging market index was down 0.9 percent. Gulf markets have been weakened by the global downturn but many fund managers think that with Brent oil above …

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Saudi Vision 2030 ‘will boost competitiveness,’ WEF says

Saudi Arabia has committed to significant changes to its economy and society as part of its Vision 2030 reform plan Countries across the Middle East are struggling to create diverse opportunities for their youth, according to the latest World Economic Forum (WEF) Arab World Competitiveness Report. However, a number of countries are innovating and creating new solutions to previously existing …

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UAE’s Shuaa Capital to boost foothold in Saudi Arabia, Kuwait, Egypt

The Saudi market is so important and full of growth potentials and opportunities Shuaa Capital is seeking to collaborate with Saudi Arabia’s Jabal Omar Development Company (JODC) to launch and manage real estate investment funds in the Kingdom of Saudi Arabia. The partnership is directed towards managing the development and expansion of centrally located real estate hotspots across the Kingdom, …

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Saudi Arabia appoints Apple co-founder Steve Wozniak as tech ambassador

Wozniak is considered as one of the most important minds that have changed the history of the world The Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP) has named Apple co-founder Steve Wozniak as an ambassador for the creation of a “Saudi Tech Hub.” Saud Bin Abdulla Al-Qahtani, the head of the federation and an adviser to the Royal Court, …

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Saudi Arabia gives SA energy sector $10bn boost

By – SAnews.gov.za A $10 billion investment pledge into the South African energy sector by Saudi Arabia is set to enhance energy security, create capacity and reduce the cost of energy in South Africa. The pledge was made during President Cyril Ramaphosa’s State visit to Saudi Arabia, which began on Thursday. “This commitment from the Kingdom is a demonstration of …

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Saudi bourse may see a correction after MSCI decision – Al Masah Capital

Blue-chip stocks like SABIC and Al Rahji Bank are expected to see the biggest inflows following the MSCI upgrade Saudi Arabia’s stock market may witness a correction following global index compiler MSCI’s decision to incorporate the Kingdom into its global emerging markets index, according to an executive at a Dubai-based asset management firm. Foreign institutional investors have already been buying …

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Saudi Arabia plans up to $11 bln investments in water sector in 2018

The largest desalinated water investment will be in Jubail 3 Image used for illustrative purpose. A worker stands at a desalination plant, 35 lm south of Riyadh, May 4, 2011. By Nada Al Rifai, ZAWYA Saudi Arabia is attracting investments worth $11 billion into large-scale water projects across several regions of the kingdom, primarily in water desalination, a Saudi official …

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Work on $3bln Saudi Arabia’s New Taif energy project begins

TAIF – A major solar energy plant will be established in the techno valley of this summer resort as part of the SR11 billion New Taif project. The King Abdulaziz City of Science and Technology (KACST) has started building 600 bases for the plant. The energy project includes establishment of solar panels on the bases and construction of management and security …

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Oman signs $210mln Saudi financing for key industrial project

Deal could help to ease concern about the health of Oman’s finances. Image used for illustrative purpose. A bank employee counts one hundred dollar notes at a bank in Seoul February 26, 2009. Image used for illustrative purpose. A bank employee counts one hundred dollar notes at a bank in Seoul February 26, 2009. Oman’s government has signed to obtain …

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