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The Cabinet mandated the Foreign Minister to complete necessary procedures to join the agreement
Author Archives: enterpriseam admin
Posted inEARNINGS WATCH
It’s earnings season: Alinma Bank and Arab National Bank
More banks are reporting positive results as season gains steam
Posted inMOVES
PIF-owned Alat appoints CEO + Halwani Bros gets new MD
Midha will help Alat transform the Kingdom into a global hub for sustainable technology manufacturing
Posted inALSO ON OUR RADAR
Neom food company Topian signs agreements to develop local fish farming. PLUS: Healthcare, tech, manufacturing
Topian is also developing a salmon production facility in Neom
Posted inPLANET FINANCE
Chinese stocks rally after hitting five-year lows
Chinese stocks rally on hopes of regulatory changes: After a turbulent few months that pushed China’s main indices to five-year lows, the country’s benchmark CSI 300 had its best day since late 2022, Bloomberg reports. The rally was fueled by hopes that authorities could introduce more significant support measures that would help the country’s slumping […]
Posted inWHAT WE’RE TRACKING TODAY
Hypermarket operator LuLu is said to be shopping for bankers as it eyes IPO on Tadawul and ADX
Blinken meets Prince Mohamed in Riyadh for talks on Gaza ceasefire, regional security
Posted inECONOMY
Fitch affirms Kingdom’s A+ credit rating, sees private-sector growth at 4.5% in 2024-2025
Fitch also cited “significant fiscal buffers” in deposits and other public sector assets
Posted inECONOMY
PMI remains in growth territory despite slowest rate of expansion in two years
Purchase prices recorded the sharpest rise since May 2012
Posted inREAL ESTATE
SNB Capital, Alshegrey launch SAR 1 bn Riyadh-focused commercial real estate fund
Riyadh’s demand for offices is rising