Saudi Arabia
Economy
Saudi Arabia's Q1 GDP falls 1.8% year-on-year
Saudi Arabia's real gross domestic product (GDP) decreased 1.8% year-on-year in the first quarter, flash estimates by the government's statistical ......
Finance
BlackRock to launch PIF-backed Saudi investment platform
The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, ......
Manufacturing
Saudi firm Ma'aden to buy US fertilizer maker Mosaic's stake in JV for $1.5 bn
Fertilizer maker Mosaic Co said on Tuesday that Saudi Arabia's flagship mining firm Ma'aden would acquire the U.S.-based company's stake ......
TMT
Saudi PIF, STC Group likely to bid for Spanish Cellnex's Austrian unit
Saudi Arabia's STC Group and sovereign fund PIF may bid for the Austrian unit of Spanish mobile phone tower operator Cellnex, ......
Finance
Saudi Arabia's PIF hits $749 bn in assets under management
Saudi Arabian sovereign wealth fund PIF's managed assets reached 2.81 trillion riyals ($749.2 billion) in 2023, state news agency SPA ......
Finance
In Charts: Saudi Venture Capital doubles down on commitments in 2023
Riyadh’s state-owned institution Saudi Venture Capital (SVC), which manages assets worth $2.2 billion, almost doubled its funding commitments in 2023 ......
Finance
VC investments in Middle East fall year-on-year but rise from pre-pandemic levels
Venture capital investments in the Middle East declined during 2023, albeit not too significantly, with the region appearing as a ......
TMT
MENA Digest: Startups strike early-stage deals but overall activity slows
Early-stage funding deals drove dealmaking in the Middle East and North Africa region, even though overall activity slowed down due ......
TMT
MENA Digest: Mazadak grabs $10 mn as Saudi startups lead funding activity
Dealmaking activity in the Middle East and North Africa region increased this week, led by a slew of early-stage funding ......
Finance
Investcorp set to mark final close of Saudi Pre-IPO Growth Fund
Bahrain-based alternative investment firm Investcorp, which manages assets worth $50 billion across the globe, is set to wrap up fundraising ......
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