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Moody’s expects the kingdom’s fiscal deficit to widen to 5% of GDP in 2025
Author Archives: enterpriseam admin
Posted inCONSTRUCTION
Diriyah Grand Mosque contract goes to Al Majal, Man Enterprise
The mosque will span a total floor area of 12.3k sqm
Posted inREGULATION WATCH
CMA to roll out Simplified Investment Funds to draw global capital onshore
The proposed rules will be open for public consultation on Istitlaa until Monday, 6 November
Posted inAVIATION
Air carrier, airport complaints climb over 50% in August
Flagship carrier Saudia and King Khaled International Airport logged the lowest complaint rate during the month
Posted inSTARTUP WATCH
Health-tech Nuxera AI secures USD 2.5 mn in pre-seed funding
Nuxera AI will dedicate a portion of the fresh funds to advance its AI bot for Arabic-speaking providers
Posted inSAUDI IN THE NEWS
Ronaldo is the world’s first b’naire footballer thanks to Al Nassr contract
Ronaldo earned over USD 550 mn in salary between 2002 and 2023
Posted inALSO ON OUR RADAR
Riyadh will have its first foreign higher education entity by Fall 2026
ALSO- Alkhabeer Capital acquires SAR 18 mn worth of shares in Automated Economy Holding to boost its robo-advisory services
Posted inPLANET FINANCE
Shutdown, Fed policy, and weak USD push gold to record high
The precious metal surged on safe-haven demand amid compounding market anxiety