FeaturedHealthcareMubadala health buys 60% stake in UEMedicalsWebAdminJune 17, 2021 by WebAdminJune 17, 2021 The stake has been acquired from Jadawa Investment and United Eastern Group (UEG) and marked the company’s entry into the Saudi Arabia market... Read more
EconomyFeaturedSaudi Arabia’s GDP declines 3% in the first quarterWebAdminJune 15, 2021 by WebAdminJune 15, 2021 This is attributed to a steep decline of 11.7 percent in crude oil production during the same period... Read more
BankingFeaturedSaudi Arabia considering issuing two new digital banking licencesWebAdminJune 14, 2021 by WebAdminJune 14, 2021 The Saudi Central Bank will recommend the two applicants to higher authorities for approval... Read more
FeaturedMarketsGlobal bond investors will have access to the Saudi bond marketWebAdminJune 8, 2021 by WebAdminJune 8, 2021 The Saudi market is priced at $2.5 tn and global bond investigators can access the market without applying for Qualified Foreign investor status... Read more
FeaturedIslamic FinanceOil behemoth Aramco begins Islamic bond saleWebAdminJune 8, 2021 by WebAdminJune 8, 2021 The sukuk sale, which began on June 7th, is expected to conclude on June 17th... Read more
Business LeadersFeaturedSaudi National Bank appoints new chairmanWebAdminJune 2, 2021 by WebAdminJune 2, 2021 The Saudi-based lender appointed Ammar Abdulwahid Alkhudairy as its chairman... Read more
FeaturedIslamic FinanceSaudi Arabia’s Alkhabeer Capital announces its second round of subscriptions for REIT fundWebAdminMay 31, 2021 by WebAdminMay 31, 2021 The company announced that the subscription period will be extended for 15 more working days... Read more
EconomyFeaturedSaudi Arabia’s inflation rate increases in April to 5.3%WebAdminMay 24, 2021 by WebAdminMay 24, 2021 The increase is primarily due to the rise in food and transport prices... Read more
Business LeadersFeaturedCitigroup Saudi Arabia appoints new chief executive officerWebAdminMay 19, 2021 by WebAdminMay 19, 2021 In his new role, Wasim will be responsible for the company’s regulated business in Saudi Arabia and overall delivery of the clients... Read more
FeaturedHealthcareUK medtech Nemaura Medicals mulls Middle East expansionWebAdminMay 17, 2021 by WebAdminMay 17, 2021 The sugarBEAT device comes with continuous glucose monitoring and offers a welcome respite to people suffering from diabetes who want to avoid needles... Read more