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- RIYADH: Presight AI, a data analytics firm owned by Abu Dhabi’s G42 Group, has listed and started trading its shares on the First Market of the Abu Dhabi Stock Exchange. The initial public offering, which raised roughly 1.822 billion dirhams ($496 million) in proceeds, witnes...
- RIYADH: Saudi Arabia’s leading telecom provider stc Group is boosting its 5G network scope in the Grand Holy Mosque by 130 percent compared to last year to ensure better performance during the Umrah season. The company also increased its network capabilities by 13 percent in Makkah...
- RIYADH: Global energy giant Saudi Arabian Oil Co. has further expanded its presence in China by acquiring a 10 percent stake in Shenzhen-listed Rongsheng Petrochemical Co. for $3.6 billion. According to a press release, Aramco will supply 480,000 barrels per day of Arabian crude oil to R...
- RIYADH: Saudi National Bank has appointed Saeed Mohammed Al-Ghamdi as its new chairman following the resignation of Abdul Wahed Al-Khudairy from his post citing personal reasons, it was announced on Monday. The bank also appointed Talal Ahmed Al Khereiji as the new acting CEO, accor...
- RIYADH: Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures gained 74 cents, or 0.99 percent, to $75.73 a barrel ...
- NEW YORK: The Federal Deposit Insurance Corp. has agreed on the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co. The sale involves the sale of all deposits and loans of SVB to First-Citizens, the FDIC said in a statement late Sunday. ...
- RIYADH: Saudi Arabia’s Real Estate Development Fund deposited more than SR925 million ($246.2 million) in the accounts of Sakani beneficiaries in March 2023. The Sakani program was launched in 2017 by the REDF to facilitate homeownership in the Kingdom, by developin...
- RIYADH: International Monetary Fund chief Kristalina Georgieva said on Sunday that risks to financial stability have increased and called for continued vigilance although actions by advanced economies have calmed market stress. Speaking during the first day of the China Development Forum, Geo...
- RIYADH: China's import and export volumes are expected to "continue on a growth trajectory," Commerce Minister Wang Wentao told delegates at a China Development Forum in Beijing on Sunday. Wang told the conference that "foreign companies are not guests, but family" and also sa...
- RIYADH: Global energy giant Saudi Arabian Oil Co. has affirmed its support for China’s long-term energy security and development, as the Riyadh-based company works closely with Chinese entities to meet sustainable targets, its CEO said. Speaking at the China Development ...
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