Saudi capital Riyadh to host World Expo 2030

RIYADH: A total investment of $13.5 trillion is needed to ensure a carbon-neutral future by 2050, particularly in the production, energy and transport sectors, according to the World Economic Forum.  In its report titled “Net-Zero Industry Tracker 2023,” WEF said that decarbonizing the industrial and transport sector is crucial to achieving a greener future, as these … Read more

Saudi Arabia’s Capital Market Authority approves MBC Group request to sell 33mn shares

LONDON: Al Arabiya news channel pledged its “full support” to anchor Layal Alekhtiar after an arrest warrant was issued against her by a Lebanese military prosecutor. The warrant came a month after Alekhtiar interviewed an Israeli military spokesperson for the channel, Al Arabiya said in a statement on Friday. IDF spokesperson for Arabic media, Avichay … Read more

Saudi Arabia’s Pet Products Trading secures $21.3m funding from Aliph Capital

LONDON: A special “innovation chapter” will need to be part of a UK-Gulf Cooperation Council trade deal to ensure artificial intelligence developments do not throw up barriers to commerce, Britain’s chief negotiator at the Department of Business and Trade said on Monday. Speaking at the Arab-British Economic Summit in London — organized by the Arab-British Chamber of … Read more

Dubai, China strengthen capital market ties with new agreement

LONDON: A special “innovation chapter” will need to be part of a UK-Gulf Cooperation Council trade deal to ensure artificial intelligence developments do not throw up barriers to commerce, Britain’s chief negotiator at the Department of Business and Trade said on Monday. Speaking at the Arab-British Economic Summit in London — organized by the Arab-British Chamber of … Read more

Foreign investments in the Saudi capital market surge by 300% in last 5 years: CMA

RIYADH: Saudi Arabia’s Tadawul All Share Index gained 55.06 points, or 0.50 percent, on Sunday to close at 11,137.03.  The total trading turnover of the benchmark index was SR4.50 billion ($1.20 billion) as 158 of the listed stocks advanced, while 59 retreated.  Similarly, the Kingdom’s parallel market Nomu also jumped 77.43 points, or 0.33 percent, … Read more