Middle East

Saudi Venture Capital to invest $15 million in a VC Fund by Vision Ventures

Saqr Fund II aims for a total size of $90 million and will focus on early-stage startups, ranging from pre-seed to pre-Series B 

PIF-owned AviLease purchases Boeing 787-9 aircraft from BBAM

This transaction marks AviLease's first partnership with BBAM, adding its first Boeing 787-9 on operating lease

Saudi Arabia launches air bridge to support Lebanon

This aid reflects the Kingdom's commitment to ongoing humanitarian efforts for individuals and nations in need

Saudi Arabia, Egypt boost cooperation in tech investments to grow region’s digital economy

Value of Saudi Arabia's investments in Egypt has reached approximately $26 billion, with over 8,000 companies

Saudi Arabia to import 307,000 tons of wheat for strategic reserve maintenance

This shipment is crucial for maintaining strategic wheat reserves and meeting the needs of milling companies

Saudi airshow set to attract over 100,000 visitors in Riyadh

The event will be the region's largest aviation gathering, with over 100 exhibitors and 15+ airshow teams 

Saudi Arabia climbs to 14th spot in Global AI Index, first among Arab nations

This 17-rank jump among 83 countries highlights the Kingdom's rapid progress in AI adoption and development 

Saudi Arabia enhances air connectivity with new direct flight route from Riyadh to London

Saudi Minister of Tourism oversaw agreement between Air Connectivity Program and Virgin Atlantic Airlines

Saudi fund deploys $20 billion globally in 50 years

800+ development projects have been funded by SFD since inception

Saudi Arabia to reap $13.3 billion from Esports and gaming by 2030: Report

Tech and government investments are transforming the Kingdom's esports sector, creating 39,000 jobs by 2030

Beyond payments: How Mastercard is fueling transformation and driving inclusion

Great strides have been made in advancing digital transformation and building a robust payment ecosystem across the region

Oil prices climb on demand optimism, OPEC+ cuts eyed

Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel

Saudi banks witness 8 percent surge in Q1 earnings, reaching $4.97 billion

The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment

Oil prices hover near multi-month lows, poised for weekly decline on rate hike concerns

Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel

Oil prices dip amid concerns over prolonged high U.S. rates, weaker demand

Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel

Oil prices continue downward slide amid rising U.S. stockpiles, jitters over interest rate hikes

Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel

Oil prices edge higher ahead of Fed cues, improving demand

Brent oil futures expiring in July rose 0.3 percent to $84.19 per barrel

Saudi Arabia gold prices down, global rates decline ahead of U.S. inflation data

U.S. employment data supported gold prices, which rose over 2 percent by the end of last week

Oil prices inch lower on concerns about Chinese imports, U.S. inflation

Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel

Oil prices rise on strong Chinese demand, weakening U.S. labor market

Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel

Oil prices rise on mixed Chinese trade data, Middle East tensions

Brent oil futures, set to expire in July, saw a 0.4 percent rise to reach $83.93 per barrel

Oil prices slide as U.S. inventories surge, demand weakens

Brent crude oil futures dropped by 30 cents or 0.36 percent, settling at $82.86 per barrel

Saudi Arabia gold prices slump as global rates decline on geopolitical uncertainty

Gold prices have established a support base around the $2,280 mark over the past week

Oil prices up amidst global tensions, concerns about sluggish demand and reduced supplies

Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel