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Saudi Aramco’s IPO Birthday Party Crashed by the UAE

(Bloomberg Opinion) — The word “pandemic” didn’t appear among the risk factors in the prospectus for the world’s biggest…

Saudi Business Climate at 10-Month High; Egypt Growth Slows

(Bloomberg) — Business activity in Saudi Arabia grew at the fastest pace since the beginning of…

Saudi Wealth Fund Seeks Up to $7 Billion Loan for Investments

(Bloomberg) — Saudi Arabia’s sovereign wealth fund plans to raise as much as $7 billion in…

Saudi non-oil private sector keeps growing as COVID-19 impact eases – PMI

DUBAI, Dec 3 (Reuters) – Saudi Arabia’s non-oil private sector activity expanded for the third straight…

Life After Aramco Includes Plenty More IPOs for Saudi Arabia

(Bloomberg) — Load Error One year on from oil giant Saudi Aramco’s record-busting initial public offering…

Saudi Pharma in Talks With Germany’s CureVac for Covid Shot

(Bloomberg) — Saudi Pharmaceutical Industries and Medical Appliances Corp. signed a non-binding memorandum of understanding with…

Saudi Arabia Broadens Central Bank’s Mandate to Promote Growth

(Bloomberg) — The Saudi Central Bank updated its mandate to include supporting economic growth as one…

Saudi Arabia

Saudi Arabia has an oil-based economy with strong government controls over major economic activities. It possesses…

Goldman Says Saudi Peg ‘Here to Stay,’ Though at Cost to Economy

(Bloomberg) — Saudi Arabia is sacrificing non-oil economic growth with fiscal policies designed to ensure its…

Western Union Buys 15% Stake in Saudi Telecom’s Digital Payment Unit | Investing News

DUBAI (Reuters) – Western Union, the world’s largest money transfer firm, has acquired a 15% stake…