Saudi IT firm MIS and Al-Rajhi receive CMA approval to launch $266m fund arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward trend, increasing 101.54 points 0.91 percent to 11,265.11 as the Kingdom’s bourses re-opened after the Eid Al-Fitr holidays. The parallel market Nomu also went up by 443.53 points, or 2.12 percent, to 21,351.97, while the MSCI Tadawul 30 Index edged up by 0.67 percent to 1,521.47. The total trading
RIYADH: Saudi Arabia’s economic growth is expected to accelerate to 8.3 percent in 2022, according to a forecast by the World Bank. In its report, the organization noted the economic growth of the Kingdom will be moderated to 3.7 and 2.3 percent in 2023 and 2024, respectively. According to the World Bank, the oil sector will be the key driver of this economic growth with the
RIYADH: Based on the government budget figures, Al-Rajhi Capital assessed the government's 2023 budgeted revenues to likely be based on Brent at $76 per barrel. Real GDP growth is forecasted to increase by nearly eight percent year-on-year in 2022 and 3.1 percent year-on-year in 2023, according to Al-Rajhi Capital. Inflation is expected to be 2.6 percent and 2.1 percent in
RIYADH: The Tourism Development Fund has launched a $133 million fund to support and develop small businesses, to help boost the country’s growing market. The “Aoun Tourism” program is expected to fund over 2,000 enterprises, the Saudi Press Agency reported. This initiative is part of the National Tourism Strategy, which aims to strengthen Saudi Arabia’s position as a global