Business & Money | Tuesday 13 May, 2025 1:31 pm

Saudi Arabia transforms into attractive investment destination: BlackRock CEO

Larry Fink, CEO of BlackRock Inc., said Saudi Arabia has become an important global hub for attracting investments, transitioning from a capital-exporting economy into a capital-importing destination. Speaking at a panel discussion at the Saudi-US Investment Forum, Fink said that expanding the ...

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Business & Money | Tuesday 13 May, 2025 1:26 pm

Lucid CEO: Major collaboration with PIF to train Saudi talents

Mark Winterhoff, Acting CEO of Lucid Motors, said that substantial efforts are being made in collaboration with the Public Investment Fund (PIF) to train and develop national talents. These efforts include joint programs that involve preparing Saudi nationals to work in local manufacturing...

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Business & Money | Tuesday 13 May, 2025 1:22 pm

Al-Falih says rapid global changes support stronger Saudi-US ties

Saudi Arabia’s Minister of Investment, Khalid Al-Falih, said that rapid global transformations, economic fluctuations, and technological advancements currently taking place are reshaping the international economic landscape. Speaking at the opening of the Saudi-US Investment Forum, Al-Falih...

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Business & Money | Monday 12 May, 2025 11:40 am

Aramco debt level ‘very low’; 3M bpd surplus capacity: Exec

Saudi Arabian Oil Co.’s (Saudi Aramco) debt level at 5.3% is the lowest among the five major global oil firms, Ziad Al-Murshed, Executive Vice President and CFO, told Al-Ekhbariya TV. The low debt level further strengthens Aramco’s financial flexibility, boosts its ability to execute its...

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Business & Money | Monday 12 May, 2025 11:35 am

SMC issues supplementary prospectus with Tawuniya as cornerstone investor

Specialized Medical Co. (SMC) issued a supplementary prospectus, disclosing that it received a binding commitment from The Company for Cooperative Insurance (Tawuniya) to subscribe as a cornerstone investor for 5.875 million shares in the offering, representing 2.35% of the company’s...

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Business & Money | Sunday 11 May, 2025 2:43 pm

SAB Invest Launches Saudi Arabia’s First Quantitative ETF

SAB Invest today announced the launch of the SAB Invest Saudi Quant ETF, Saudi Arabia’s first exchange-traded fund built on a quantitative investment strategy. This milestone introduces a new generation of ETFs designed specifically for the Saudi market, adapted from an HSBC model that has...

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Business & Money | Sunday 11 May, 2025 2:40 pm

Aramco CEO says global trade shifts hit energy markets, but performance stays strong

Saudi Aramco President and CEO Amin Nasser said global energy markets were impacted in the first quarter of 2025 by factors related to changes in global trade, creating economic uncertainty and weighing on oil prices. In a statement accompanying the company’s financial results, a copy of...

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Business & Money | Sunday 11 May, 2025 12:54 pm

Sulaiman Al Habib says Al Muhammadiyah Hospital to launch ops in June

Dr. Sulaiman Al Habib Medical Services Group Co. will commence operations at Al Muhammadiyah Hospital in Jeddah on June 15. The final license was obtained on May 8 from the Ministry of Health, Sulaiman Al Habib said in a statement to Tadawul. The healthcare services provider...

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Business & Money | Thursday 8 May, 2025 1:38 pm

Self-driving taxi to be launched in Riyadh soon: TGA official

A self-driving taxi project will be launched in the city of Riyadh soon, according to Omaima Bamsok, Undersecretary of Transportation Empowerment at the Transport General Authority (TGA). She added that this comes as part of the autonomous transportation initiative, which will represent a...

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Business & Money | Thursday 8 May, 2025 1:06 pm

NWC starts implementation of 2 sanitation projects in Northern Borders worth SR +400 million

The National Water Company (NWC), represented by its Northern Cluster, has started the implementation of two sanitation projects in the Northern Borders region at a total cost of more than 400 million Saudi Riyals. The company stated that the two environmental projects include the construction ...

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