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Author Archives: enterpriseam admin
Posted inM&A WATCH
Alinma Bank wraps up acquisition of Tokio Marine’s stake in Arabian Shield Ins
This brings the bank’s stake up to 11.5% after acquiring TMNF’s full stake
Posted inTRANSPORT
Stadler is supplying the Kingdom with next-generation passenger trains
The new trains will help double the annual passengers capacity for eastern trains to more than 3.8 mn passengers
Posted inDEBT WATCH
Saudi Electricity kicks off roadshow for foreign-currency sukuk program
The company has recently redeemed a USD 800 mn sukuk issuance
Posted inDEFENSE
All the best toys from Lockheed, Airbus, and even Boeing
Boeing has submitted an application for a regional HQ in Riyadh
Posted inINDUSTRY
Industrial licenses up 54.4% in December
Investment volume for new licenses were down 17.4% y-o-y in December
Posted inEARNINGS WATCH
It’s earnings season: SNB, Bank Aljazira, Banque Saudi Fransi report results
Results are looking good as the season gains steam
Posted inSAUDI IN THE NEWS
Blinken regional visit > everything else for foreign press
The US secretary of state is touring the Middle East again amid Gaza war
Posted inALSO ON OUR RADAR
Alkhorayef Water lands SAR 82.1 mn contract to operate + maintain water treatment plants
The two water treatment plants are in Buraydah and Al Khubara
Posted inPLANET FINANCE
OECD sees the global economy growing at a 2.9% clip this year
A more optimistic global growth outlook: OECD has revised upwards its 2024 world growth forecast to 2.9% from November’s 2.7% forecast, it said in its latest economic outlook. Geopolitical risks within the MENA region, however, pose a “significant” risk to activity and inflation. Don’t celebrate yet: Despite raising its growth outlook, OECD’s 2024 forecast remains […]