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: FINANCE
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…
Chip stocks slide in US and Asia as AI jitters rattle investors
Shares in major chip firms have fallen sharply in the US and Asia as a sell-off in artificial intelligence-related stocks deepened. Trading on South Korea’s…
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,…
Balyasny builds Dubai-based Latin America equities pod
Balyasny Asset Management has established a Dubai-based “pod” focused on Latin American equities, expanding its regional trading footprint as investor interest in emerging market diversification…
Standard Chartered to cut thousands of roles as AI use increases
Banking giant Standard Chartered has become the latest major company to announce job cuts as it increases its adoption of artificial intelligence (AI). The firm,…
SoftBank Profit More Than Triples on OpenAI Stake Gains
Technology investor SoftBank Group reported on Wednesday that its net profit more than tripled to 1.83 trillion yen ($11.60 billion) in the January-March quarter, as…
Norway Breaks European Silence by Swiftly Raising Rates
Norway’s central bank became one of the first to raise interest rates as a result of the Middle East conflict, warning that the conflict in…
Indonesia Central Bank Has Sufficient Foreign Reserves to Stabilize Rupiah
Indonesia’s central bank has sufficient foreign exchange reserves to make the strong market interventions required to stabilize the rupiah, Governor Perry Warjiyo said on Thursday.…
Saudi Arabia’s Money Supply Breaks $882 Billion Barrier for 1st Time in History
Saudi Arabia’s money supply surpassed the $882 billion mark for the first time in its history at the end of March 2026, as broad money…