Jada Invests $200 Million to Expand Growth Equity Capital for Saudi SMEs
Jada Fund of Funds, a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund, announced its strategic commitment to Growth Catalyst Fund I, a Saudi-based…
Tag: BUSINESS
Musk launches invite-only X Money with a Visa debit card
Elon Musk’s social media company X, formerly known as Twitter, launched its own bank account-like product where users can send money to one another. The…
Johnson & Johnson offers up to $5.5bn to settle baby powder lawsuits
Johnson & Johnson (J&J) has offered to pay as much as $5.5bn (£4.14bn) to resolve tens of thousands of lawsuits in the US alleging that…
Chinese chipmaker shares surge 470% in blockbuster stock market debut
Shares in China’s biggest memory chip maker have surged by more than 470% as they made their debut on the Shanghai Stock Exchange’s tech-heavy Star…
Morocco secures $114 mn in funding for Africa’s first EV battery factory
The African Development Bank (AfDB) has approved a $110 million loan to support the construction of Africa’s first gigafactory in Morocco, backing the continent’s push…
South Korea President Lee Hosts US Tech Summit, Calls for New AI Era
South Korean President Lee Jae Myung hosted an AI summit in San Francisco on Friday, bringing together the heads of leading AI developers with top…
What Saudi Stocks Need to Regain Momentum After Years Near 11,000 Points
Saudi Arabia’s economy is changing rapidly. Its stock market is not. Despite years of sweeping reforms, strong non-oil growth and heavy investment under Vision 2030,…
Kuwait’s KPC Signs $16 Billion Lease and Leaseback Deal for Oil Pipeline Network
Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a consortium comprising global…
Saudis are skipping developers to build their own homes
Saudi Arabia‘s clampdown on land hoarding is prompting citizens to buy plots and build their own homes, analysts say, leaving developers struggling to sell higher-priced…