Banking and FinanceTop StoriesRiyad Bank considering IPO route for its investment banking unitGBO CorrespondentApril 11, 2024 GBO CorrespondentApril 11, 2024 If Riyad Bank chooses to move forward with the offering, the IPO...
EconomyTop StoriesMENA Watch: Middle East leads global tourism recovery post-COVIDGBO CorrespondentSeptember 6, 2023September 5, 2023 GBO CorrespondentSeptember 6, 2023September 5, 2023 According to a survey, the Middle East has the biggest percentage of...
EconomyTop StoriesSaudi Vision 2030: Kingdom emerges as IT hub, challenges DubaiGBO CorrespondentJuly 31, 2023 GBO CorrespondentJuly 31, 2023 Oracle has invested USD 1.5 billion to develop its business in Saudi...
EconomyTop StoriesSaudi Vision 2030: A closer look at PIF’s role in driving Saudi’s economic transformationGBO CorrespondentMay 29, 2023 GBO CorrespondentMay 29, 2023 The Public Investment Fund is a sovereign wealth fund established by the...
EconomyTop StoriesSaudi to establish Soudah Development CompanyGBO CorrespondentFebruary 25, 2021 GBO CorrespondentFebruary 25, 2021 SDC will partner with the private segment to develop the tourism segment...
EconomyTop StoriesSaudi’s PIF announces$ 266 bn to diversify economy and create new jobsGBO CorrespondentJanuary 25, 2021 GBO CorrespondentJanuary 25, 2021 The fund also plans to invest SR 2 trillion in fresh projects...
Top StoriesSaudi commits to induce stability in oil, tourism, investmentsGBO CorrespondentDecember 18, 2020 GBO CorrespondentDecember 18, 2020 The Kingdom had managed to attract more than 500,000 tourists from other...
Top StoriesSaudi’s PIF seeks fresh loans from international banksGBO CorrespondentDecember 4, 2020 GBO CorrespondentDecember 4, 2020 PIF acquired 2.04 percent in India’s largest retailer Reliance Retail Ventures...
Top StoriesPIF ramps up stake in ACWA Power from 33.6% to 50%GBO CorrespondentNovember 20, 2020 GBO CorrespondentNovember 20, 2020 ACWA aims to achieve its target of more than $10 billion in...
Top StoriesSaudi’s PIF to invest capital worth $40 billion annually in 2021-22GBO CorrespondentNovember 17, 2020 GBO CorrespondentNovember 17, 2020 The sovereign wealth fund has supported ultra-class projects such as the leading...