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RIYADH: Saudi Arabia’s main stock index TASI fell below the 12,000 level for the first time in months last week, tracking a drop in oil prices. TASI closed the week at 11,824, down 1.3 percent for the fifth straight session on Thursday. However, the parallel Nomu market added almost 1 percent to 21,504. Most stock markets in the Gulf retreated in line with the Saudi main ....
A leading figure in Saudi Arabia’s sovereign wealth fund says he does not mind if the country misses its goal of net zero by 2060, as long as it pushes ahead with environmentally-friendly policies. The Kingdom’s Crown Prince Mohammed bin Salman bin Abdulaziz announced on Sunday his country would cut carbon emissions to net zero within 40 years a move that received widespread ....
Global institutions are lacking urgency when it comes to investing in green initiatives, leading figures in the financial sector have warned in a sobering assessment of the battle against climate change. Speaking at the Future Investment Initiative Forum in Riyadh, prominent players in Saudi’s Public Investment Fund (PIF), asset management firm Ninety One, and HSBC Holdings ....
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