Riyadh

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.

Financiers flock to Riyadh for ‘Davos in the Desert’ FII conference

Financiers will gather in Riyadh from October 29 to 31 for Saudi Arabia's 8th Future Investment Initiative. Vision 2030 needs urgent foreign investment amidst tighter budgets, as Saudi eyes foreign investment.

Economy

Saudi Arabia secures over $2bn through multi-tranche sukuk offering

Saudi Arabia raises SAR 7.8 billion from a multi-tranche sukuk issuance, continuing its commitment to Islamic finance. The issuance spans five tranches with the largest maturing in 2039.

Doha

Saudi Arabia eyes BeIN Sports acquisition from Qatar to expand wealth fund sports portfolio

Saudi Arabia is in talks to acquire Qatari broadcaster BeIN Sports, marking a significant potential shift in Middle East sports media. The deal is in line with the Kingdom's growing investment in sports, both regionally and globally.

Abu Dhabi

GCC IPOs secure $1.7bn in Q3 for FY2024, driven by Abu Dhabi and Saudi markets

GCC IPOs raised $1.7 billion in Q3 2024, led by NMDC Energy in Abu Dhabi and several key offerings in Saudi Arabia. Q4 promises more activity with Lulu Hypermarket and Talabat set to list.

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