Saudi Arabia witnessing unprecedented growth in asset management industry: CMA official RIYADH: Asset management activity revenues of capital market institutions in Saudi Arabia reached SR4.2 billion ($1.12 billion) in 2023, representing a rise of 58.6 percent in four years. According to Abdullah bin Ghannam, deputy for listed companies and investment products at Saudi Arabia’s Capital … Read more
RIYADH: After three days of significant announcements, the LEAP conference saw major deals signed in artificial intelligence and innovation localization during its concluding sessions. Inaugurating the final day of the event, Ahmed Al-Suwaiyan, governor of the Digital Government Authority, pointed out that the LEAP has surpassed its previous editions, with agreements worth more than $12 … Read more
Saudi Arabia named ‘most improved country overall’ in US Chamber of Commerce IP Index RIYADH: Saudi Arabia has received recognition as “the most improved country overall” in the 12th edition of the US Chamber of Commerce International Intellectual Property Index. Released on March 2, the report emphasizes the several achievements of the Kingdom, with Vice … Read more
Eddie Howe sets ambitious Newcastle United target with Joelinton deal top of priority list NEWCASTLE: Persuading key man Joelinton to pen a new Newcastle United deal is a “priority” for Eddie Howe, even with chief negotiator Dan Ashworth out of the Magpies’ exit door. The Brazilian has been a huge miss in the Newcastle midfield … Read more
Oil Updates – crude extends losses after dollar rises on shifting interest rate outlook SINGAPORE: Oil prices fell on Monday, extending losses from the previous session after the dollar rose on market views that higher-than-expected inflation could delay cuts to high US interest rates that have been capping global fuel demand growth, according to Reuters. … Read more
RIYADH: Property developers in Saudi Arabia can now seek licenses and qualifications through a new electronic platform launched by the Real Estate General Authority. This initiative, unveiled in the presence of Majid Al-Hogail, minister of municipal and rural affairs and housing and chairman of REGA, alongside Mohammed El-Kuwaiz, chairman of the Capital Market Authority, is set … Read more
DAVOS: Trade tensions are looming large over the global economic landscape, with experts at the World Economic Forum expressing concerns about the growth trajectory. Over the past three decades, trade and investment have played pivotal roles in fostering international prosperity. However, recent developments and geopolitical events have raised alarm among key figures at the forum, … Read more
RIYADH: The Dubai Financial Market witnessed a 12.5 percent surge in the number of investor accounts in 2023 as compared to the previous year, the Emirates News Agency, also known as WAM, reported on Tuesday. The report, citing official data, showed that brokerage firms in the emirate’s financial market managed to open 57,054 new investor … Read more