RIYADH: Global issuance of sustainable bonds in the third quarter of 2024 reached $216 billion, marking a 9 percent annual increase, according to Moody’s. The…
View More Sustainable bond issuance surges 9%, market set to hit $950bn by year-end: Moody’sCategory: Business
Energy efficiency investment to hit $660bn in 2024: IEA
RIYADH: The International Energy Agency has projected global investment in energy efficiency to reach a record $660 billion in 2024, maintaining the levels seen in…
View More Energy efficiency investment to hit $660bn in 2024: IEAStartup Wrap – Saudi VCs pour capital into ventures through strategic investments
RIYADH: Saudi venture capital firms are fueling regional innovation through substantial investments and new initiatives. Aramco Ventures led New York-based industrial internet-of-things monitoring and communications…
View More Startup Wrap – Saudi VCs pour capital into ventures through strategic investmentsOil Updates – crude gains more than $1/bbl on reports Iran preparing strike on Israel
SINGAPORE: Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses, as geopolitical tensions in the Middle East rose…
View More Oil Updates – crude gains more than $1/bbl on reports Iran preparing strike on IsraelSaudi Arabia’s Wafi Energy becomes majority shareholder in Shell Pakistan
ISLAMABAD: Wafi Energy Holding has become the majority shareholder of Shell Pakistan after Shell Petroleum Co., a subsidiary of global Shell plc, completed the sale of its…
View More Saudi Arabia’s Wafi Energy becomes majority shareholder in Shell PakistanSaudi banks’ credit card loans surge 14%, reach a record high of $8.07bn
RIYADH: Credit card loans by Saudi banks hit a record high of SR30.27 billion ($8.07 billion) in the third quarter of 2024, according to recent…
View More Saudi banks’ credit card loans surge 14%, reach a record high of $8.07bnStartup Wrap – Saudi firms continue to lead regional activity
RIYADH: Saudi Arabia’s startup ecosystem is gaining momentum, with several firms securing significant investments and partnerships as they scale their operations. Backed by both local…
View More Startup Wrap – Saudi firms continue to lead regional activityUAE the top destination for Saudi Arabia’s non-oil goods: GASTAT
RIYADH: Saudi Arabia’s neighbor UAE was the favorite destination for the Kingdom’s non-oil goods in August, with exports seeing a monthly rise of 10.42 percent…
View More UAE the top destination for Saudi Arabia’s non-oil goods: GASTATGCC sovereign wealth funds lead global dealmaking with $55bn in transactions
RIYADH: Sovereign wealth funds across the Gulf Cooperation Council signed off $55 billion across 126 transactions in the first nine months of 2024, accounting for…
View More GCC sovereign wealth funds lead global dealmaking with $55bn in transactionsSaudi Central Bank’s governor highlights global, domestic economic resilience at IMF meeting
WASHINGTON DC: Ayman Al-Sayari, the governor of the Saudi Central Bank, emphasized on Friday the resilience of the global economy despite ongoing challenges. Speaking at…
View More Saudi Central Bank’s governor highlights global, domestic economic resilience at IMF meeting