Riyadh – The Public Investment Fund (PIF) has announced the establishment of the Saudi Real Estate Refinance Company (SRC), in line with Saudi Vision 2030 objectives to improve the performance of the real estate market, increase its contribution to GDP, and raise the rate of home-ownership amo
Riyadh – Saudi Arabia’s Public Investment Fund (PIF), one of the world’s most important sovereign wealth funds, said that prominent speakers from the investment sector have confirmed tat they will be attending the “Future Investment Initiative.” Held in Riyadh, throughout October 24-26,
Riyadh – Saudi Arabia adopted on Monday the “Citizen’s Account” to assist people of middle and low income in enduring the additional costs resulting from the gradual increase of energy prices, affirmed Minister of Finance Mohammed al-Jadaan. He pointed out that the global economy is growing and impr
Riyadh – In line with the announced national capital market authority strategy, the affiliated Saudi body established on Sunday the Listed Companies and Capital Market Institutions Auditors Supervision Division. The Saudi Capital Market Authority (CMA) also founded a committee that includes re
Riyadh — Several international economic reports have described Qatar’s current economic status as “threatened to collapse.” These reports stressed that Qatar’s economy has been facing a very difficult period because investment capitals are not completing their projects and plans; Qatar is heading to
Riyadh- In a move to increase the efficiency of Saudi internet services, the Saudi Communications and Information Technology Commission announced on Tuesday the launch of a measurement platform, ‘Meqyas.’ Meqyas is an initiative by The Communications and Information Technology Commission (CITC) to e
Riyadh- The Public Investment Fund (PIF) has announced the establishment of the Fund of Funds, a new investment vehicle designed to provide small and medium-sized enterprises (SMEs) with access to capital by investing in venture capital and private equity funds. The Fund of Funds will also support t
Riyadh – The mega projects in Saudi Arabia announced by the Public Investment Fund (PIF) have become a new frontier on the country’s investment map. These mega projects, announced by one of the world’s biggest investment funds, carry great opportunities for investment, diversification of
Riyadh- The Saudi Finance Ministry announced on Monday that the third domestic sukuk issuance reached 350 percent in a record rate, while the first issuance was at 297 percent and the second at 300 percent. These figures indicate the solidity of the Saudi financial and banking sectors, and show the
Riyadh- The Public Investment Fund of the Kingdom of Saudi Arabia (PIF) on Monday announced the launch of the Future Investment Initiative (FII) under the patronage of Custodian of the Two Holy Mosques King Salman. Hosted and organized by PIF, the Kingdom’s main investment arm and one of the world’s
The Saudi Ministry of Commerce and Investment (MCI) on Tuesday issued new guidelines for licensing businesses, including procedures required for licensing 274 commercial activities under the supervision of 26 government authorities, in a step that would develop the business environment in the kingdo
Riyadh- Saudi Arabia is taking speedy steps through introducing some regulations and legalizations that would promote investment in the health sector, amid an approach to raise contribution of this sector in the GDP – an added value to the national economy. The kingdom pays great attention to the he
Riyadh- Saudi Arabia is considering a range of facilities that are expected to be offered to small and medium enterprises in the coming year. This comes as the Kingdom is expected to launch in 10 days a specialized forum, which aims to display scenarios supporting small and medium enterprises in th
Riyadh- The real estate market has started a new phase of changes in supply and demand levels as well as prices – the sector is now subject to supply and demand balances. This has led to a 20 percent drop in prices during the first half of 2017, compared to the same period of 2016 […]
Riyadh- Ma’aden exported on Monday the first cargo of its phosphate factories’ products, a step that reflects Saudi Arabia seriousness to place itself on the world’s phosphate industry map. The phosphate factories are located in Wa’ad Al Shamal that is on its way to become one of the major glo
Riyadh- Saudi stock markets witnessed a busy week as notable trade activity took place by foreign, regional and local investors. Tadawul, the Kingdom’s official and sole stock exchange market, revealed on Sunday last week’s dealings amounted to an approximate SR 212.2 million ($56.5 million). Gulf i
Riyadh – Small and Medium Enterprises General Authority (Monsha’at) will launch an interactive forum (BIBAN), which will be held at the Riyadh Exhibition and Convention center from September 17 – 20, 2017. Governor of the General Authority for Small and Medium Enterprises (SME) Dr. Ghassan al-
Riyadh- Twenty-five insurance companies out of 33 listed on the Saudi stock market have achieved a new growth in profitability for the first half of 2017. However, the performance of only eight insurance companies has declined, including five companies that suffered losses during the first half of t
Riyadh- At a time when the Saudi market is considered among the top feed importing countries, the kingdom has started to take some steps that would reduce imports and increase dependency on national factories to produce compound feed. This would lead to a drop in prices in domestic markets and an en
