Saudi telco STC beats expectations, boosts dividends
Saudi Telecom's net profit has dipped but has also outperformed expectations, while revenue grew and annual dividends surged, reflecting strategic investor confidence.
Saudi
PIF inks major MoUs with State Street, Brookfield, Mizuho, FII to boost Saudi asset management
Saudi Arabia’s Public Investment Fund has signed MoUs with the Future Investment Initiative and global financial firms State Street, Brookfield, and Mizuho in order to collaborate on elevating the Kingdom's wealth fund asset management portfolio.
Saudi wealth fund backs Brookfield’s $2bn push into Middle East
Saudi Arabia’s PIF partners with Brookfield on a $2 billion fund, sparking fresh investments and innovation across the kingdom, with Brookfield expanding its Riyadh footprint to boost local growth.
Saudi Aramco picks Lahore for its first branded petrol station launch in Pakistan
Saudi oil giant Aramco has launched its first branded petrol station in Pakistan's Lahore, delivering premium fuel and services to Pakistan, and sparking a fresh chapter in the country’s fuel industry, boosting Saudi investment ties.
Islamic Development Bank floats €500mn sukuk in dual Dublin and Dubai listings
The Islamic Development Bank’s €500 million sukuk, priced at mid-swaps +50 bps, finds strong demand and listings on Euronext Dublin and Nasdaq Dubai, advancing its Trust Certificate Issuance Programme.
Saudi sovereign wealth fund pivots focus back home to fuel Vision 2030
Saudi Arabia’s PIF refocuses its strategy, pivoting from global assets to domestically driven projects in line with Vision 2030. The fund’s recalibration aligns with the kingdom’s economic diversification goals amid global fiscal shifts.
Shehbaz Sharif meets MbS in Riyadh as keynote guest for ‘Davos in the Desert’
Pakistani prime minister Shehbaz Sharif is currently on the move in Saudi Arabia, strengthening Pakistan-Saudi ties with Crown Prince Mohammad bin Salman during Riyadh’s Future Investment Initiative.
Herve Renard in as Saudi head coach for redux of Saudi football’s pivotal era
Herve Renard returns as Saudi Arabia’s head coach to reshape national football and prepare for both the 2026 World Cup and Saudi Arabia’s 2034 hosting ambitions.
UBS advises GCC investors secure wealth with bonds, gold to mitigate regional risks
GCC investors should consider high-grade bonds and global diversification of assets—with hedges in gold—to mitigate rising regional geopolitical risks posed in the Middle East, advises Swiss investment bank UBS.
Saudi Arabia tests hydrogen-powered taxis in green shift
Saudi Arabia pilots hydrogen taxis, a move towards emission-free, sustainable urban mobility aligning with Vision 2030.
