MUST-READS

• Majority of Middle East IPOs experience positive aftermarket gains in 2024: Report

  Middle East IPOs continued to demonstrate positive aftermarket performance in 2024, as revealed by PwC Middle East’s latest IPO+ Watch report. Most Q1 2024 IPOs experienced significant post-IPO gains.

  Notable market gains were observed in the case of MBC Group Co and Middle East Pharmaceutical Industries Co (Avalon Pharma).

  Additionally, the IPO of Dubai Parkin experienced an unprecedented surge in demand, with a subscription rate of 165 times, marking the highest level of oversubscription ever achieved on the Dubai Financial Market (DFM).

• Top 10 Trending Products to Sell in Saudi Arabia in 2024

  Saudi Arabia's consumer market is undergoing a remarkable transformation, propelled by the nation's economic diversification, rising disposable incomes, and a rapidly evolving consumer landscape. As businesses navigate this lucrative market, staying ahead of the curve by understanding and capitalising on emerging trends is paramount. In 2024, Saudi consumers will be driven by a unique blend of cultural influences, technological advancements, and a heightened focus on sustainability and well-being.

• What is Saudi Arabia Vision 2030? Its Pillars, Programs and Projects

  Saudi Arabia Vision 2030 is a monumental undertaking with its fair share of challenges. Implementing such a comprehensive transformation requires significant investment, social reforms, and overcoming bureaucratic hurdles. However, the potential rewards are immense. A successful Saudi Arabia Vision 2030 paves the way for a more prosperous, diversified, and globally connected Saudi Arabia.

• Purple paradise: Witness Saudi Arabia’s stunning jacaranda blooms in spring showers

  Tourists flock to see the purple-flowered Jacarandas, particularly those lining Abha's Art Street, which resemble natural paintings when raindrops grace their vibrant blooms.

• Nicholas Blanford: Hezbollah’s Struggle Against Israel

  So, there's a more complicated relationship between Hezbollah and Hamas. On a grassroots level, there's not much love for Hamas amongst Hezbollah fighters. They quietly call Hamas the back stabbers for switching sides in Syria. So, it’s fairly ironic that what is happening in South Lebanon over the last six months, with more than 300 people dead and a lot of destruction and damage to Lebanese border villages, is essentially for the sake of coming to the support of Hamas and Gaza.

• How the authoritarian Middle East became the capital of Silicon Valley

  Washington is steering some of this shift, using the industry to push the region away from China’s orbit and focusing particularly on the UAE, a key U.S. security partner. The White House hosted executives from firms including Microsoft, Google and OpenAI last June for a meet-and-greet with Tahnoun bin Zayed al Nahyan, UAE’s national security adviser.

• Power Broker Behind Saudi Golf Deal Resigns From PGA Tour Board

  In a pointed letter to his fellow policy board members, Dunne defended the framework deal with the Saudis, writing that “unifying professional golf is paramount to restoring fan interest and repairing wounds left from a fractured game.” He also cited how he hasn’t been asked to take a role in the negotiations with Saudi Arabia’s Public Investment Fund over the past 11 months and that “no meaningful progress has been made toward a transaction with the PIF.”

• Saudi Economic ‘Overheating’ Fears Emerge as Constraint

  The economic makeover, known as Vision 2030, has been hitting some snags eight years after being unveiled by Crown Prince Mohammed bin Salman. Al-Jadaan has previously acknowledged that there may be delays or acceleration for some projects.

• Sullivan plans talks in Saudi Arabia, Israel amid tensions over Rafah

  National Security Adviser Jake Sullivan plans to travel to Saudi Arabia and Israel this weekend amid the rising tensions over the Israeli military operation in Rafah, three U.S. and Israeli officials with knowledge of the plans tell Axios.

• Saudi Arabia ‘conservative’ on oil revenue as it pares back Vision 2030 plans

  Speaking at the Qatar Economic Forum in Doha on Tuesday, Jaadan warned that being a resource-rich country was a curse as well as a blessing because being dependent on one commodity such as oil can hold a country "hostage" to the volatility of global demand and prices. "We are not complacent; obviously we need to push through the momentum of reforming and transforming our economy, but we see the results," he added.  

• 10 of 61239 results<< 1 … 341 342 343 … 6,124 >>