Startup Wrap – OSN+, AhnLab, and Mubashir among firms to see funding success during Ramadan CAIRO: Startups in the Middle East and North Africa region have closed Ramadan and started Eid Al-Fitr on a positive note as venture activity continued. Among the most significant announcements during the holy month was UAE-based online streaming platform OSN+ and … Read more
LONDON: The Organization of the Petroleum Exporting Countries on Thursday predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024, while saying there was a chance the world economy could do better than expected this year, according to Reuters. OPEC, in a … Read more
RIYADH: Top Saudi banks demonstrated strong performances in 2023, with operating income growing by 9.5 percent, driven by non-interest revenue, according to professional services firm Alvarez & Marsal. The results of A&M’s fourth annual Kingdom of Saudi Arabia Banking Pulse for the 12-month period revealed a resilient and thriving financial sector with notable increases in key metrics. “The performance of the … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Wednesday, losing 14.58 points, or 0.12 percent, to close at 12,063. The total trading turnover of the benchmark index was SR10.67 billion ($2.84 billion) as 60 stocks advanced, while 160 retreated. The Kingdom’s parallel market, Nomu, also dipped, losing 239.27 points, or 0.97 percent, to close … Read more