{"id":82020,"date":"2024-01-18T00:00:00","date_gmt":"2024-01-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=82020"},"modified":"2025-12-14T17:00:16","modified_gmt":"2025-12-14T17:00:16","slug":"structural-reform-red-sea-crisis-were-big-talking-points-in-davos-on-day-three","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/structural-reform-red-sea-crisis-were-big-talking-points-in-davos-on-day-three\/","title":{"rendered":"Structural reform, Red Sea crisis were big talking points in Davos on day three"},"content":{"rendered":"<section id=\"82022\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82022\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/aramco-doubles-down-on-venture-capital-turkish-company-eyes-usd-5-bn-steel-plant\/\">\r\n                            THIS MORNING: Aramco doubles down on venture capital, Turkish company eyes USD 5 bn steel plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/aramco-doubles-down-on-venture-capital-turkish-company-eyes-usd-5-bn-steel-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82022\" class=\"content-area-description single-story post-82022 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-adcb tag-aramco tag-banking tag-brics tag-enterpriseam-ksa tag-industry tag-oil-watch tag-opec tag-steel tag-supercoppa-italiana tag-tosyali tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.3f3e238f-dee5-49e3-a15a-2a1f2fc9fd2f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, everyone. <\/strong>We hope the workweek has treated you well and that you\u2019re looking forward to the weekend as much as we are. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re delighted to let our zero-issue readers know that we\u2019ll be launching EnterpriseAM <\/strong><strong>Saudi to the wider world on Sunday, 28 January. <\/strong>If you\u2019re on the list now, you\u2019re on the list for launch day, and <a target=\"_blank\" href=\"https:\/\/ksaform.enterprise.news\/\" style=\"\" rel=\"noopener\">you can point friends and colleagues here if they want to sign up, too<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- We launched EnterpriseAM UAE this Monday<\/strong> and are honored that thousands of execs, investors, and diplomats have signed up to receive it. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">You can subscribe here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>News this morning is still largely dominated by what\u2019s happening on the ground in <\/strong><strong>Davos<\/strong>, but we\u2019ve seen a nice uptick in standard business news, too, as you\u2019ll see below. Expect more of the same today and tomorrow \u2014 the gathering waps up on Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have a full recap <\/strong>in the news well, below, of what happened yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>HAPPENING TODAY: Always well-spoken Economy and Planning Minister Faisal <\/strong><strong>Alibrahim will take to the stage <\/strong>in a session headlined <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/menas-economic-dilemma-reforming-amid-uncertainty\" style=\"\" rel=\"noopener\">MENA's Economic Dilemma: Reforming amid uncertainty<\/a> at 3:15 pm KSA. Egypt\u2019s International Cooperation Minister, <strong>Rania Al Mashat<\/strong>, will also be speaking on the panel along with Moroccan Finance Minister <strong>Nadia Fettah Alaoui<\/strong>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TOMORROW: Finance Minister Mohammed Al Jadaan will speak as Davos comes to an end. <\/strong>His panel is headlined <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/creating-growth-and-jobs-for-a-new-era\" style=\"\" rel=\"noopener\">The<\/a><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/creating-growth-and-jobs-for-a-new-era\" style=\"\" rel=\"noopener\">Global Economic Outlook<\/a> and starts at 1pm KSA <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** You can watch select live sessions <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong> and check out the full program <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/programme\/\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a>  <strong>#1- Aramco will pour an additional USD 4 bn to its global venture capital arm, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aramcoventures.com\/\" style=\"\" rel=\"noopener\">Aramco<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/aramcoventures.com\/\" style=\"\" rel=\"noopener\">Ventures<\/a><\/strong>, more than doubling its capital to USD 7 bn over the next four years, it said in a <a target=\"_blank\" href=\"https:\/\/aramcoventures.com\/news\/aramco-expands-global-venture-capital-program-with-4bn-funds-injection\/\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. The additional funding will boost investments in \u201cnew energies, chemicals and the materials transition, diversified industrial businesses, and digital technologies,\u201d it said. Aramco also owns and manages the USD 500 mn Wa\u2019ad Ventures, which focuses on investments in local startups. The story is getting ink in the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5e9e55a1-be8a-49d-ac29-c0d1de1b8da6\" style=\"\" rel=\"noopener\">Financial Times<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher- <\/strong>Aramco Ventures manages three funds including the USD 500 mn Digital \/ Industrial Fund, USD 1 bn <a target=\"_blank\" href=\"https:\/\/www.prosperity7vc.com\/\" style=\"\" rel=\"noopener\">Prosperity7 Ventures Fund<\/a>, and USD 1.5 bn <a target=\"_blank\" href=\"https:\/\/aramcoventures.com\/programs-fund\/sustainability-fund\/\" style=\"\" rel=\"noopener\">Sustainability Fund<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#2- Turkey\u2019s Tosyali eyes USD 5 bn steel plant: <\/strong>Turkish steelmaker <a target=\"_blank\" href=\"https:\/\/www.tosyaliholding.com.tr\/en\" style=\"\" rel=\"noopener\">Tosyali Holding<\/a> could invest as much as USD 5 bn in a planned steel plant here as part its international growth plans, chairman Fuat Tosyali told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-17\/turkish-steel-giant-eyes-5-billion-investment-in-saudi-arabia\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on the sidelines of the World Economic Forum (WEF) in Davos. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>Tosyali inked a MoU <a target=\"_blank\" href=\"https:\/\/www.kallanish.com\/en\/news\/steel\/market-reports\/article-details\/tosyali-eyes-flats-investment-in-saudi-arabia-0124\/\" style=\"\" rel=\"noopener\">last week<\/a> with the National Industrial Development Center (NIDC) to set up a flat rolled steel complex in Ras Al Khair industrial zone. The facility will produce 4 mn tons per year of hot and cold rolled coil, galvanized coil, and electrical steel for sale to the automotive, machinery and energy sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3-<\/strong><strong> EFG Holding unit mulls <\/strong><strong>minority stake in e-payment app PayTabs: <\/strong>EFG Finance, the non-bank financial services arm of EFG Holding, might look into acquiring a stake in Saudi-headquartered PayTabs, EFG Finance CEO Aladdin El Afifi told <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/358czchn\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. EFG Finance would consider the option of giving up its 50% stake in <a target=\"_blank\" href=\"https:\/\/site.paytabs.com\/en\/egypt\/\" style=\"\" rel=\"noopener\">PayTabs Egypt<\/a> \u2014 a joint venture between EFG Holding and PayTabs \u2014 for a minority stake in the local parent company, El Afifi said. EFG Finance \u201cwould like to have a seat at the table\u201d to help accelerate cross-border expansions, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#4- We know more about ADCB\u2019s plans for Saudi: <\/strong>Abu Dhabi Commercial Bank is looking to offer \u201ca comprehensive range services for both corporate and institutional clients, including financing and working capital solutions\u201d under a foreign banking branch license.\u201d The bank is specifically looking to capture a share of the trade and investment flows between the two economies, it <a target=\"_blank\" href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=3031779\" style=\"\" rel=\"noopener\">said in a statement (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>As we <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a8747f6c-f79c-49f6-a659-933e531266ed\" style=\"\" rel=\"noopener\">reported yesterday<\/a>, ministers at their weekly cabinet meeting signed off on a license for ADCB. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#5- OPEC left unchanged its global oil demand forecasts for 2024,<\/strong> expecting a \u201crobust growth\u201d in demand for hydrocarbons in 2025 in an early forecast, it said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1531.pdf\" style=\"\" rel=\"noopener\">monthly report (pdf)<\/a>. It sees demand for oil unchanged this year at 2.2 mn barrels per day. Demand in China and the Middle East will demand additional production capacity in 2025, it said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil prices were largely flat yesterday <\/strong>as a hit to US production on the back of cold weather balanced out energy demand concerns due to a lower-than-expected economic growth in China, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-fall-stronger-dollar-offsets-red-sea-disruptions-risks-2024-01-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures dipped USD 0.41 to USD 77.88, while US West Texas Intermediate crude futures were up USD 0.16 to USD 72.56.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Work is in progress to integrate the KSA into BRICS, <\/strong>Russian news agency <a target=\"_blank\" href=\"https:\/\/tass.com\/politics\/1733455\" style=\"\" rel=\"noopener\">TASS<\/a> reported yesterday, citing statements by Kremlin spokesman Dmitry Peskov at Davos. \u201cThe work on the integration of Saudi Arabia with the BRICS countries continues; we consider it very important,\u201d he said. His statements come one day after Commerce Minister Majid Al Kasabi said the Kingdom has not formally joined BRICS yet, clarifying where it stands after the proposed joining date of 1 January passed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- An adventure hub that looks like an oil rig: <\/strong>The Oil Park Development Co \u2014 a subsidiary of the Public Investment Fund (PIF) \u2014 will develop an off-shore entertainment destination dubbed The Rig inspired by the Kingdom\u2019s offshore oil platforms, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2030505\" style=\"\" rel=\"noopener\">SPA<\/a> reported yesterday. It will be home to several water-related activities, including a splash park, diving center, e-sports hub, and a multi-purpose area.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSAs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Authorities have scrapped a three-year ban on expats who fail to return to the Kingdom <\/strong>before the expiry of their exit and reentry visa, <a target=\"_blank\" href=\"https:\/\/www.okaz.com.sa\/english\/na\/2153145\" style=\"\" rel=\"noopener\">Okaz<\/a> reported yesterday, citing sources it says have knowledge of the decision. Analysts say the move aims to create an attractive environment for investments and employment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Some 10k citizens will be able to buy homes at an affordable interest rate of up to <\/strong><strong>2.59%<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/beta.nhc.sa\/media-center\/news\/47232\/\" style=\"\" rel=\"noopener\">a<\/a><a target=\"_blank\" href=\"https:\/\/beta.nhc.sa\/media-center\/news\/47232\/\" style=\"\" rel=\"noopener\">National Housing Authority (NHC) statement<\/a> yesterday.The authority made the initiative available for everyone, scrapping a previously imposed income ceiling for applicants.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First come, first serve: <\/strong>This special rate applies to the first 10k off-plan contracts sealed with four partner banks: Al Rajhi Bank, National Bank of Saudi Arabia, Albilad Bank, and Alawwal Bank. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Locations: <\/strong>Homes on offer are in five suburban and urban communities developed by the <a target=\"_blank\" href=\"https:\/\/redf.gov.sa\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Real<\/a><a target=\"_blank\" href=\"https:\/\/redf.gov.sa\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Estate Development Fund<\/a>. The fund started taking reservations yesterday through its sales offices. Find out more about the offered projects through this <a target=\"_blank\" href=\"https:\/\/sakani.sa\/mega-projects\" style=\"\" rel=\"noopener\">link<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#3- Riyadh will host the first revamped edition of the Supercoppa Italiana today<\/strong> through Monday, 22 January, a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1532.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> by organizers read yesterday. The competition has been expanded to include the first and second finishers from Serie A and the Coppa Italia instead of a previous format of a one-off match between the winners of the league and cup. <strong>The mini-tournament will feature Inter Milan, Lazio, Napoli and Fiorentina.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Expect a delightful day in Riyadh with clear skies and abundant sunshine, with the weather cooling off from last week\u2019s highs. Al Hofuf and Taif should also be clear with some drifting clouds.<\/p>\n<ul>\n<li><strong>Riyadh:<\/strong> 19\u00b0C daytime \/ 12\u00b0C overnight<\/li>\n<li><strong>Al Hofuf:<\/strong> 21\u00b0C daytime \/ 12\u00b0C overnight<\/li>\n<li><strong>Taif: <\/strong>22\u00b0C daytime \/ 10\u00b0C overnight<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** You\u2019re reading Zero Issue #30 of EnterpriseAM KSA. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Think of a zero issue as a \u201cbeta.\u201d<\/strong> This issue has not been published or distributed to a wide audience. The sponsor logos above are not correct because we\u2019re still developing the new KSA template.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Did you receive this as a forward? <\/strong><a target=\"_blank\" href=\"https:\/\/ksaform.enterprise.news\/\" style=\"\" rel=\"noopener\">Tap or click here to add your name to the list for launch day.<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Have a comment, criticism, or story tip?<\/strong> Hit up <a target=\"_blank\" href=\"mailto:patrick@enterprisemea.com\" style=\"\" rel=\"noopener\">patrick@enterprisemea.com<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a busy morning in business news<\/strong>, with three stories capturing the attention of journalists around the world. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Stocks and bonds retreated yesterday around the world. <\/strong>Investors are digesting signs that the United States, the European Union, and the UK will not move quickly to slash interest rates. European Central Bank Christine Lagarde set off the selldown as she joined peers around the world in signaling that rates are unlikely to start coming down until summertime, rather than this spring. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bankers speaking in Davos are singing from the same hymnal on that front<\/strong>, writes Bloomberg, noting, \u201cEveryone from JPMorgan\u2019s Daniel Pinto to Standard Chartered\u2019s Bill Winters to Cantor Fitzgerald\u2019s Howard Lutnick have said they expect monetary policy to ease slower than anticipated by the market.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The result: The S&P 500, Nasdaq Composite, EuroStoxx 600 and FTSE 100 all fell <\/strong><strong>yesterday<\/strong>, and Asian markets are mixed this morning. Futures suggest mixed openings for major European benchmarks later this morning and a weak open on Wall Street. Notably, Chinese shares are touching a five-year low. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3650273d-458e-4e02-929e-bbb3ac7c3a40\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/01\/18\/asia-markets.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-17\/bankers-at-davos-add-to-chorus-of-caution-on-interest-rate-cuts\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Iran is opening fire on its neighbors, claiming to fight \u201canti-Iran terror groups\u201d:<\/strong> Iran has fired missiles and launched drones against targets in Syria, Iraq, and Pakistan in the span of 24 hours, openly claiming responsibility for the operations. It says the missile attacks underscore that it will be \u201ctough and decisive\u201d with its foes, the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/01\/17\/world\/middleeast\/iran-missiles-pakistan-iraq.html\" style=\"\" rel=\"noopener\">New York Times<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In other regional tensions: <\/strong>The US <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/business-heads-see-red-sea-tensions-causing-lengthy-trade-dislocation-2024-01-17\/\" style=\"\" rel=\"noopener\">listed the Houthis as a terror group<\/a> on the same day that they hit another US-operated ship. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Samsung\u2019s new Galaxy S24 lineup looks set to be a hit <\/strong>thanks to heavy integration of generative AI tech and modest tweaks to its popular designs. The launch of the new handsets is all over the front pages of the global business press, but gadget nerds will want to start with <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2024\/1\/17\/24040715\/samsung-galaxy-s24-ultra-specs-price-ai\" style=\"\" rel=\"noopener\">the Verge\u2019s hands-on with the flagship S24 Ultra<\/a>. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7183be5a-dd2b-44bb-a544-f0f217f6e3a1\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/01\/17\/samsung-galaxy-s24-specs-price-availability-ai-features.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/samsung-packs-newest-galaxy-s24-smartphones-with-ai-functions-beat-apple-2024-01-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also:<\/strong><\/p>\n<ul>\n<li><strong>Kuwait has new ministers of oil and finance<\/strong> after the new emir shuffled his cabinet, leaving just three members of the previous cabinet in office. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-17\/kuwait-oil-finance-ministers-ousted-in-new-premier-s-big-revamp\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<li><strong>BTC exchange traded funds have attracted nearly USD 900 mn worth of inflows<\/strong> in the first three days of trading. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/07ae8c61-4ba0-4364-b6be-2765f007a093\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/li>\n<li><strong>A lab in China sequenced the virus that causes Covid two weeks before <\/strong><strong>Beijing told the world<\/strong> about the deadly bug, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/china\/chinese-lab-mapped-deadly-coronavirus-two-weeks-before-beijing-told-the-world-documents-show-9bca8865\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> reports in an exclusive.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Napoli takes on Fiorentina today at 10pm KSA <\/strong>at Al Awwal Park in Riyadh in the opening game of revamped Supercoppa Italiana, while Inter and Lazio will go head to head tomorrow at 10pm KSA. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.dakar.com\/\" style=\"\" rel=\"noopener\">The Dakar Rally<\/a><\/strong>wraps up tomorrow with the <a target=\"_blank\" href=\"https:\/\/www.dakar.com\/en\/stage-12\/bike\" style=\"\" rel=\"noopener\">final stage<\/a> running from Yanbu to Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>inaugural <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.arabnews.pk\/node\/2442756\/corporate-news\" style=\"\" rel=\"noopener\">Saudi India festival season<\/a><\/strong><strong>is set to kick off tomorrow at <\/strong><strong>6 pm<\/strong> and wrap up at 10:30 pm KSA, an event co-organized by the Consulate General of India and Goodwill Global Initiative, showcasing performances, documentary screenings, and performances by local and Indian artists. There will also be a B2C exhibition showcasing Indian products. There is no charge for admission.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BiznEX International Exhibition <\/strong><strong>will kick off on Sunday, 28 January <\/strong><strong>at the Riyadh <\/strong><strong>Convention Center<\/strong> and wrap up on Wednesday, 31 January. Register <a target=\"_blank\" href=\"https:\/\/www.biznex-expo.com\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The PIF Private Sector Forum will kick off in Riyadh <\/strong>on Tuesday, 6 February to Wednesday, 7 February, the PIF said on <a target=\"_blank\" href=\"https:\/\/twitter.com\/PIF_en\/status\/1746524937408368742\" style=\"\" rel=\"noopener\">Linkedin<\/a>. The event will bring together the fund, portfolio companies, private sector and others to help advance economic growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\" rel=\"noopener\">International Conference on Sand and Dust Storms in the Arabian<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\" rel=\"noopener\">Peninsula<\/a><\/strong>from Monday, 4 March to Wednesday, 6 March. The conference will address regional challenges caused by sand and dust storms and discuss monitoring systems, mitigation strategies, economic and infrastructural impacts, and more. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tickets are on sale for the 2024 Saudi Arabian Grand Prix<\/strong>, scheduled for Jeddah from 7-9 March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/adcb\/\">ADCB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/banking\/\">BANKING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/brics\/\">BRICS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/oil-watch\/\">oil watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/opec\/\">OPEC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/steel\/\">steel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/supercoppa-italiana\/\">Supercoppa Italiana<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tosyali\/\">Tosyali<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82023\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82023\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DAVOS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/a-recap-of-davos-day-three\/\">\r\n                            Ministers speak on structural reforms + Red sea shipping crisis                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/a-recap-of-davos-day-three\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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He stressed on the importance of \u201csignificant\u201d structural reforms in institutional, fiscal and regulatory fronts and the engagement of the private sector in improving resilience.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom is doing a good job at capping inflation, Al Jadaan said, attributing it to <\/strong>\u201cproactive approaches in terms of putting a ceiling on energy prices\u201d. He said the government created a strong social safety net against a money supply surplus in 2021. \u201cWe ended up with an inflation that did not exceed 4%, now it is back below 2%,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Low-income countries need investments and employment<\/strong>, which isn\u2019t possible as they grapple with a debt crunch, he said, calling upon the G20, multilateral institutions and commercial banks to fill in that gap as part of a resilience package against shocks. The package should also include online employment for youth, as there is growing demand for labor in economies such as like China, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SUPPLY CHAIN POLITICS<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global supply chains should be steered by market dynamics, not politics<\/strong>,Industry and Mineral Resources Minister Bandar Alkhorayef said at a panel on \u201csupply chains of the future\u201d (<a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/supply-chains-of-the-future\/\" style=\"\" rel=\"noopener\">watch, runtime: 46:47)<\/a>. \u201cIt\u2019s okay to have politics address areas of national interest and security, but it has to be at a minimum scope,\u201d he said. \u201cSaudi Arabia offers a great combination of enablers such as natural resources and our geographical location. We need to discover new areas where there is development, where there is a competitive way for supply chains to be implemented, rather than doing it from a political view,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RED SEA CRISIS<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A prolonged Red Sea shipping crisis<\/strong><strong>could lead to tanker shortage <\/strong>due to longer trips and supply setbacks, Aramco CEO Amin Nasser told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/aramco-ceo-predicts-tighter-oil-markets-sees-red-sea-risks-2024-01-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on the sidelines of the forum yesterday. \u201cIf it's in the short term, tankers might be available ... But if it's longer term, it might be a problem,\u201d he said. \"There will be a need for more tankers and they are going to have to take a longer journey,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco already has a plan in mind where it detours Bab Al-Mandab through a pipeline <\/strong>connecting its eastern oil facilities with its western coast for a quicker entry to Egypt\u2019s Suez Canal, he revealed. However, some oil products might suffer a delay in deliveries because they\u2019ll have to sail around Africa. He shrugged concerns on Houthis renewing attacks on its facilities due to peace talks between Riyadh and Sana\u2019a.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cWe\u2019re incredibly concerned for regional security,\u201d<\/strong> Alkhorayef said on a panel on Tuesday. \u201cFreedom of navigation in the Red Sea impacts all of us. We think the priority needs to be deescalation \u2014 deescalation in the Red Sea and in the entire region. Part of that is making sure we engage with all stakeholders.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">A SAY ON SUSTAINABILITY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New sources of energy are a necessity<\/strong>, Minister of State for Foreign Affairs and climate envoy Adel Al Jubair said in a session headlined Bold steps for a Sustainable MENA (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/bold-steps-for-a-sustainable-mena&sa=D&source=editors&ust=1705554381672334&usg=AOvVaw390zBEDZOixwAsi559zuhx\" style=\"\" rel=\"noopener\">watch, runtime: 49:36<\/a>). \u201cThe world\u2019s need for energy keeps expanding and that extra need for energy has to be accommodated through alternative sources of energy. We are big investors [in renewables]. We don\u2019t see ourselves as oil exporters, but as energy exporters,\u201d he said. Some USD 186 bn has been allocated to implement the Saudi Green Initiative, he said as he highlighted the government\u2019s sustainability efforts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the government wants to set the ball rolling on how to confront climate change<\/strong>, according to Al Jubair. \u201cWe want to set the standards for how countries should conduct themselves and what responsibilities they take on and what objectives they set, and what programs and initiatives they put in place domestically, regionally and internationally to help meet the challenge of climate change,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LURING BIG TECH<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Communications and IT Minister Abdullah Al Swaha wants some Big Tech <\/strong>to expand operations in the Kingdom, <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.arabnews.com\/node\/2443216\/business-economy&sa=D&source=editors&ust=1705554381672909&usg=AOvVaw02E28-aHs5kdVF1VKR6kBt\" style=\"\" rel=\"noopener\">Arab News<\/a> reported yesterday. He has met with CEOs and senior execs from Microsoft, IBM, Amazon, Alibaba Group, and NAX Group at the World Economic Forum in Davos, <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.arabnews.com\/node\/2443216\/business-economy&sa=D&source=editors&ust=1705554381673111&usg=AOvVaw1PAJLP3t8WgsQM6GEc45-9\" style=\"\" rel=\"noopener\">the newspapaer added<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OTHER HIGHLIGHTS<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re everywhere:<\/strong> The Kingdom is assessing every sector that holds investment prospects, Investment Minister Khalid Al Falih said in a panel headlined Gulf Economies: All In yesterday (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/sustaining-private-sector-growth-in-the-gulf\/&sa=D&source=editors&ust=1705554381673555&usg=AOvVaw2-v5t6nIgzryUCmS3dlGBk\" style=\"\" rel=\"noopener\">watch, runtime: 47:48<\/a>). \u201cBased on that we find the right partners, we find the right investment scheme, with the right long-term line of sight, and we invest for those long-term journeys,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>State spending will prime the pump if necessary: <\/strong>\u201cIf the private sector doesn't yet have the appetite for [a project], then government entities like sovereign wealth funds will step in to catalyze those sectors. They will go invest with international partners or do it on their own and then <strong>gradually exit and turn it to the private sector fully<\/strong>\u201d. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Acwa Power lays out its 2024 map:<\/strong> Acwa Power will work on developing around 70% of the 20 GW annual green hydrogen production quota set by the PIF, company CEO Marco Arcelli told <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/bit.ly\/3Sn2kSY&sa=D&source=editors&ust=1705554381673999&usg=AOvVaw3MWNuWYlh59NpVzFE3NfBj\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The company will also work on building \u201cits share in battery storage,\u201d Arcelli added, without specifying the capacity of the projects. Some unannounced projects are in their advanced stages of talks and will be finalized soon, Arcelli said, adding that one of the main goals during the coming period is to <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/enterprise.news\/climate\/en\/news\/story\/7a867c0d-a494-4f3b-a7f2-9611b8ab29c4&sa=D&source=editors&ust=1705554381674200&usg=AOvVaw0GTQ-YvrvL2kj011K6lHFl\" style=\"\" rel=\"noopener\">enter the Chinese market<\/a>. 60% of the company\u2019s total projects are based in Kingdom, while the remaining percentage is distributed among 12 countries led by Morocco, South Africa, Uzbekistan and Indonesia. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/davos\/\">Davos<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/davos-watch\/\">DAVOS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/red-sea\/\">Red Sea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/red-sea-crisis\/\">Red Sea crisis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82025\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82025\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">MARITIME<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/mawani-saw-a-record-uptick-in-container-handling-in-2023\/\">\r\n                            Mawani announces 12% record uptick in container handling last year, amongst other things                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/mawani-saw-a-record-uptick-in-container-handling-in-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/mawani-saw-a-record-uptick-in-container-handling-in-2023\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/mawani-saw-a-record-uptick-in-container-handling-in-2023\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Mawani saw a record uptick in container handling in 2023&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/mawani-saw-a-record-uptick-in-container-handling-in-2023\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/mawani-saw-a-record-uptick-in-container-handling-in-2023\/&title=Mawani saw a record uptick in container handling in 2023\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mawani+saw+a+record+uptick+in+container+handling+in+2023+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F01%2F18%2Fmawani-saw-a-record-uptick-in-container-handling-in-2023%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/mawani-saw-a-record-uptick-in-container-handling-in-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82025\" class=\"content-area-description single-story post-82025 post type-post status-publish format-standard hentry category-maritime tag-cruise-ship-containers tag-enterpriseam-ksa tag-maritime tag-mawani tag-saudi-ports-authority tag-teus wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.9d978acf-468d-4c6e-8270-7c194d67ed8b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A good run for Mawani<\/strong><strong>:<\/strong>Saudi Ports Authority (Mawani) saw a 12% y-o-y increase in container handling across its ports to 8.4 mn TEU in 2023, it said in a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=160123\" style=\"\" rel=\"noopener\">statement<\/a> earlier this week. <strong>Overall port container handling, including ports that are not managed by Mawani, was up 9% y-o-y to 11.4 mn TEU last year.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And export \/ import milestones: <\/strong>Exported containers under Mawani grew 15.6% y-o-y to 2.6 mn TEU last year, while imported containers were up 12.7% y-o-y to 2.6 mn tons. Export containers were up 14% (2.74 mn TEU) on an annual basis, while import containers were up 10.5% (2.73 mn TEU).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Decoding industryspeak: <\/strong>A TEU is a twenty-foot equivalent unit \u2014 the standard shipping container most everyone is familiar with from seeing them on ships or lashed to the back of transport trucks on the highways.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tonnage handled fell 5.1% y-o-y to 300.5 mn tons in 2023<\/strong>, down from 316.6 mn tons a year earlier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vehicles + passengers:<\/strong> Imported vehicles rose 40.5% to c. 2.5 mn cars. Arriving and departing passengers hit 1 mn on the back of a 41.3% y-o-y growth last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Overall a record year: <\/strong>Mawani hit record monthly container handling in May with a 19% y-o-y increase. King Abdulaziz Port in Dammam hit record high monthly handling with 211.2 mn TEUs in July, and Jeddah Islamic Port 511.3mn TEUs in October.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cruise-ship-containers\/\">cruise ship containers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/maritime\/\">MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mawani\/\">Mawani<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-ports-authority\/\">Saudi Ports Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/teus\/\">TEUs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82026\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82026\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">INFRASTRUCTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/kec-unit-awards-contract-to-city-cool-led-consortium\/\">\r\n                            KEC unit awards a central cooling plant project to a City Cool-led consortium                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/kec-unit-awards-contract-to-city-cool-led-consortium\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/kec-unit-awards-contract-to-city-cool-led-consortium\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/kec-unit-awards-contract-to-city-cool-led-consortium\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=KEC unit awards contract to City Cool-led consortium&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/kec-unit-awards-contract-to-city-cool-led-consortium\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/kec-unit-awards-contract-to-city-cool-led-consortium\/&title=KEC unit awards contract to City Cool-led consortium\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=KEC+unit+awards+contract+to+City+Cool-led+consortium+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F01%2F18%2Fkec-unit-awards-contract-to-city-cool-led-consortium%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/kec-unit-awards-contract-to-city-cool-led-consortium\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1443.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82027\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/kec-unit-awards-contract-to-city-cool-led-consortium\/1443-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1443.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1443.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1443.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1443.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82026\" class=\"content-area-description single-story post-82026 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-adc-energy-systems tag-city-cool tag-cooling-plant tag-enterpriseam-ksa tag-infrastructure tag-johnson-controls-arabia tag-kec tag-knowledge-economic-city tag-makarem-almaarifa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.d5d39a7a-bf39-43d3-962d-72a5e98dafa1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Makarem <\/strong><strong>Almaarifa has awarded a contract to a consortium of three companies to <\/strong><strong>build a central cooling plant <\/strong>for its parent company the Knowledge Economic City (KEC) in Madinah, according to <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/4j57prw9\" style=\"\" rel=\"noopener\">a Tadawul regulatory filing<\/a> yesterday. The contract runs for a period of 25 years from the start of operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>This is a build, operate, transfer (BOOT) contract where the consortium will transfer the ownership of the subject cooling facility to KEC\u2019s subsidiary at the end of the agreement. The plant will potentially provide 21k tons of refrigeration, to offer cooling services to the mall, the Hilton tower, along with the residence tower at the Madinah hub area.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who is doing what:<\/strong> The consortium comprises district cooling and utility services provider <a target=\"_blank\" href=\"https:\/\/www.citycool.com\/about\" style=\"\" rel=\"noopener\">City<\/a><a target=\"_blank\" href=\"https:\/\/www.citycool.com\/about\" style=\"\" rel=\"noopener\">Cool<\/a>, integrated solutions provider <a target=\"_blank\" href=\"https:\/\/www.johnsoncontrols.com\/en_middleeast\/about-us\/our-company\" style=\"\" rel=\"noopener\">Johnson Controls Arabia (JCA)<\/a>, and EPC solutions provider <a target=\"_blank\" href=\"https:\/\/www.adcenergysystems.com\/about-us\/\" style=\"\" rel=\"noopener\">ADC Energy Systems<\/a>. City Cool will be responsible for operations, maintenance, and facility management, while Johnson Controls will supply York chillers. ADC Energy is the engineering, procurement, and construction contractor for the cooling facility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KEC will make monthly payments to the consortium to cover the cost of cooling<\/strong>throughout the duration of the contract and will not bear any capital expenditure. The value of the monthly payments wasn\u2019t disclosed.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/adc-energy-systems\/\">ADC Energy Systems<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/city-cool\/\">City Cool<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cooling-plant\/\">Cooling plant<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/johnson-controls-arabia\/\">Johnson Controls Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/kec\/\">KEC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/knowledge-economic-city\/\">Knowledge Economic City<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/makarem-almaarifa\/\">Makarem Almaarifa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82028\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82028\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/\">\r\n                            Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins.                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n     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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/&title=Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins.\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Alinma+Bank+acquires+Tokio+Marine%E2%80%99s+stake+in+Arabian+Shield+Ins.+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F01%2F18%2Falinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82029\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/1513-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1513.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82028\" class=\"content-area-description single-story post-82028 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-alinma-bank tag-enterpriseam-ksa tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.af059e1d-92e5-432b-ae0b-946b7f6a4b6a.mp3\"><\/audio><\/figure><p>Ins.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Alinma <\/strong><strong>Bank has doubled its stake in Arabian Shield Ins. to 11.5%<\/strong> after signing an off-market agreement to acquire <a target=\"_blank\" href=\"https:\/\/www.tokiomarine-nichido.co.jp\/en\/\" style=\"\" rel=\"noopener\">Tokio Marine & Nichido Fire Ins.<\/a> \u2019s full stake, according to two separate disclosures to Tadawul (<a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyMLA3EA_ODVPvyA3NMIgMyA3XNdREQD_ha3H\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83Nzg2Ny9jb21wYW55U3ltYm9sLzgwNzAvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyMLA3EA_ODVPvyA3NMIgMyA3XNdREQD_ha3H\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83Nzg2Ny9jb21wYW55U3ltYm9sLzgwNzAvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">here<\/a>, and <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1506.jpg\" style=\"\" rel=\"noopener\">here<\/a>). The transaction is expected to close by the end of March 2024, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1507.pdf\" style=\"\" rel=\"noopener\">a TMNF press release (pdf)<\/a> yesterday. Information about the size of the transaction wasn\u2019t disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong>The Tokyo-based company claims that its divestment decision is part of a strategy to improve its capital efficiency and diversify investments. Tokio Marine struck an agreement with Arabian Shield to see the company \u201ccontinue serving Japanese clients\u201d in Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Tokio Marine and PIF-backed Alinma Bank established a JV dubbed <a target=\"_blank\" href=\"https:\/\/www.atmc.com.sa\/\" style=\"\" rel=\"noopener\">Alinma Tokio<\/a><a target=\"_blank\" href=\"https:\/\/www.atmc.com.sa\/\" style=\"\" rel=\"noopener\">Marine Company<\/a> in 2012, which was then merged with Arabian Shield in November 2023. Tokio Marine & Nichido Fire is the non-life ins company of the global player Tokio Marine Holding. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other shareholders<\/strong><strong>: <\/strong>Saudi National Bank holds a nearly 9% stake in Arabian Shield, followed by Bahrain National Holdings (7.5%) and Sultan Holdings (7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> IN OTHER M&A NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arab Sea Information Systems is mulling the takeover of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sharek.com.sa\/\" style=\"\" rel=\"noopener\">Technical Business<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/sharek.com.sa\/\" style=\"\" rel=\"noopener\">Company for Communications and Information Technology (Sharek)<\/a><\/strong>, it said in <a target=\"_blank\" href=\"https:\/\/arabsea.com\/en\/%d8%a8%d8%ad%d8%b1-%d8%a7%d9%84%d8%b9%d8%b1%d8%a8-%d8%aa%d9%88%d9%82%d8%b9-%d9%85%d8%b0%d9%83%d8%b1%d8%a9-%d8%aa%d9%81%d8%a7%d9%87%d9%85-%d8%ba%d9%8a%d8%b1-%d9%85%d9%84%d8%b2%d9%85%d8%a9-%d9%84%d9%84\/\" style=\"\" rel=\"noopener\">a statement<\/a> yesterday.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/alinma-bank\/\">Alinma Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82030\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82030\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/maaden-and-glasspoint-unveil-first-phase-of-worlds-largest-solar-thermal-plant\/\">\r\n                            Ma\u2019aden and GlassPoint unveil first phase of world\u2019s largest solar thermal plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/maaden-and-glasspoint-unveil-first-phase-of-worlds-largest-solar-thermal-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/maaden-and-glasspoint-unveil-first-phase-of-worlds-largest-solar-thermal-plant\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/maaden-and-glasspoint-unveil-first-phase-of-worlds-largest-solar-thermal-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Ma\u2019aden and GlassPoint unveil first phase of world\u2019s largest solar thermal plant&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/maaden-and-glasspoint-unveil-first-phase-of-worlds-largest-solar-thermal-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/maaden-and-glasspoint-unveil-first-phase-of-worlds-largest-solar-thermal-plant\/&title=Ma\u2019aden and GlassPoint unveil first phase of world\u2019s largest solar thermal plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Ma%E2%80%99aden+and+GlassPoint+unveil+first+phase+of+world%E2%80%99s+largest+solar+thermal+plant+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F01%2F18%2Fmaaden-and-glasspoint-unveil-first-phase-of-worlds-largest-solar-thermal-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/maaden-and-glasspoint-unveil-first-phase-of-worlds-largest-solar-thermal-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1358.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82031\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/maaden-and-glasspoint-unveil-first-phase-of-worlds-largest-solar-thermal-plant\/1358-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1358.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1358.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1358.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1358.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82030\" class=\"content-area-description single-story post-82030 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-energy tag-enterpriseam-ksa tag-foreign-direct-investment tag-glasspoint tag-maaden-2 tag-renewable-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.1a2ccf9f-56b3-48bf-80cb-840ae91fb20e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Meet the world\u2019s largest solar thermal plant: <\/strong>State-owned mining company Ma\u2019aden and American renewables developer <a target=\"_blank\" href=\"https:\/\/www.glasspoint.com\/\" style=\"\" rel=\"noopener\">GlassPoint<\/a> have revealed the plans for the first phase of project development for their solar thermal energy (STE) power plant in Ras Al Khair, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/maaden-and-glasspoint-announce-phase-1-of-the-worlds-largest-industrial-solar-thermal-project-in-saudi-arabia-nrkq3iin\" style=\"\" rel=\"noopener\">Zawya<\/a> reports, citing a statement. An agreement was <a target=\"_blank\" href=\"https:\/\/www.glasspoint.com\/maaden-press-release\" style=\"\" rel=\"noopener\">inked in 2022<\/a>, and the companies expect to <a target=\"_blank\" href=\"https:\/\/www.glasspoint.com\/projects\/maaden-solar\" style=\"\" rel=\"noopener\">break ground<\/a> on the project this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>STE converts radiant solar energy into heat to be repurposed for power generation, according to research published in <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/topics\/engineering\/solar-thermal-energy\" style=\"\" rel=\"noopener\">Science Direct<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The first stage of the project \u2014 which aims to decarbonize Ma\u2019aden\u2019s aluminum supply chain \u2014 will use GlassPoint\u2019s <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/glasspoint-unveils-technology-advancements-reducing-solar-steam-costs-by-30-302014787.html\" style=\"\" rel=\"noopener\">Uunify storage system<\/a> to generate steam that will power Ma\u2019aden\u2019s Alumina refinery at Ras al Khair, the statement notes. The first phase couldsave the company some 12 mn British thermal units of natural gas each year while offsetting some 600k tons of carbon emissions, it says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a much wider venture: <\/strong>When fully operational, the 1.5 GWth plant \u2014 named <a target=\"_blank\" href=\"https:\/\/www.glasspoint.com\/projects\/maaden-solar\" style=\"\" rel=\"noopener\">Ma\u2019aden<\/a><a target=\"_blank\" href=\"https:\/\/www.glasspoint.com\/projects\/maaden-solar\" style=\"\" rel=\"noopener\">Solar 1<\/a> \u2014 will span 7 square kilometers. The project is set to mitigate 10% of Ma\u2019aden\u2019s annual emissions \u2013 the equivalent of taking nearly 130k cars off the road. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ma\u2019aden is on a push to slash its footprint: <\/strong>The company recently signed an agreement with the Saudi Investment Recycling Company to expand its aluminum repurposing capacity in a bid to meet its environmental and decarbonization targets, the company <a target=\"_blank\" href=\"https:\/\/twitter.com\/MaadenKSA\/status\/1747262159455957306\" style=\"\" rel=\"noopener\">said<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GlassPoint is building a good book of business here: <\/strong>Back in October, GlassPoint <a target=\"_blank\" href=\"https:\/\/www.glasspoint.com\/press-release-glasspoint-partners-with-misa\" style=\"\" rel=\"noopener\">signed<\/a><a target=\"_blank\" href=\"https:\/\/www.glasspoint.com\/press-release-glasspoint-partners-with-misa\" style=\"\" rel=\"noopener\">an agreement<\/a> with the Investment Ministry to build a solar-powered manufacturing facility in the Eastern Province that will offset the release of 200k tons of carbon emissions each year. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/foreign-direct-investment\/\">foreign direct investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/glasspoint\/\">GlassPoint<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/maaden-2\/\">Maaden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82032\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82032\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ISLAMIC FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/saudi-fransi-hires-advisors-to-quarterback-potential-fcy-sukuk-issuance\/\">\r\n                            Banque Saudi Fransi hires advisors to quarterback its potential FCY sukuk issuance                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/saudi-fransi-hires-advisors-to-quarterback-potential-fcy-sukuk-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1418.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82033\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/saudi-fransi-hires-advisors-to-quarterback-potential-fcy-sukuk-issuance\/1418-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1418.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1418.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1418.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1418.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82032\" class=\"content-area-description single-story post-82032 post type-post status-publish format-standard has-post-thumbnail hentry category-islamic-finance tag-cabinet-watch tag-palestine tag-startup-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.b78fc9b1-0f3e-4b09-b4af-9be6934e1c2d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>BSF <\/strong><strong>gears up for a USD-denominated sukuk issuance:<\/strong> Banque Saudi Fransi (BSF) is planning to debut a USD-denominated sukuk issuance, the lender said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jZDLDoJADEW_xQVbWh8gusMoGB8RJQacjRl0HElghuAo8e8ddYXx1V3bc29vCgRiIIJeUk5VKgXNdL8h9tZybWyNHVz4XmuES683WA5HfhOnHYjqAIaBpYFg3p7hCn20gfyjxw_l4m89-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!\/\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a> yesterday. There\u2019s still no publicly available information about the size and terms of the potential transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The issuance will be made available for subscription to local and international investors through a special purpose vehicle with proceeds earmarked to support the lender\u2019s Islamic finance business.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>BSF has hired Citigroup Global Markets, Emirates NBD Bank, HSBC Bank, Merrill Lynch International, Mizuho International, and Saudi Fransi Capital as joint lead managers on the transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first: <\/strong>The potential issuance will be part of the lender\u2019s USD 4 bn trust certificate issuance program, <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1414.pdf\" style=\"\" rel=\"noopener\">rated A- by S&P global<\/a>. Last year, BSF closed a <a target=\"_blank\" href=\"https:\/\/www.alfransi.com.sa\/english\/news\/bsf-completes-successful-usd900-million-sukuk-issuance\" style=\"\" rel=\"noopener\">USD 900 mn RegS senior unsecured sukuk issuance<\/a> that was 3x oversubscribed. The London-listed issuance offered an annual yield of 4.75% with a five-year maturity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_InsertKSASponsorBlock_!<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cabinet-watch\/\">CABINET WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82034\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42493.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15549.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Easier life with Tasheel<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42494.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/108985.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>The Luxury of Certainty<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82035\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82035\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/a-little-bit-of-everything\/\">\r\n                            Dubai-based Depa Interiors earns big from local hospitality spree + loans for APICO, Keir                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/a-little-bit-of-everything\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Depa will handle fit-out works for some of RSG\u2019s tourism destinations including <a target=\"_blank\" href=\"https:\/\/www.redseaglobal.com\/our-destinations\/the-red-sea\/desert-rock\" style=\"\" rel=\"noopener\">Desert Rock Hotel<\/a>, two other five-star hotels, and <a target=\"_blank\" href=\"https:\/\/www.amaala.com\/en\/newsroom\/amaala-reveals-iconic-new-yacht-club-designs\" style=\"\" rel=\"noopener\">Amaala<\/a><a target=\"_blank\" href=\"https:\/\/www.amaala.com\/en\/newsroom\/amaala-reveals-iconic-new-yacht-club-designs\" style=\"\" rel=\"noopener\">Yacht Club<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>East Pipes Integrated Company for Industry will supply steel pipes<\/strong> for the Saline Water Conversion Corporation under a SAR 1 bn contract, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyNDYyFA_ODVPvyA3NMIgMyA3XNdREQCGefQD\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83Nzg4Ni9jb21wYW55U3ltYm9sLzEzMjEvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TELECOM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arabian Internet and Communications Services (Solutions) has landed a SAR 191 mn, three-year <\/strong><strong>contract <\/strong>to renew Microsoft technology licenses for Saudi Telecom (STC), according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyNzIwEg_ODVPvyA3NMIgMyA3XNdREQCVnJwO\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83Nzg0OC9jb21wYW55U3ltYm9sLzcyMDIvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. STC owns a 79% stake in Solutions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Keir secures credit facility from Alrajhi Bank: <\/strong>Telecom company <a target=\"_blank\" href=\"https:\/\/www.keir.com.sa\/\" style=\"\" rel=\"noopener\">Keir International<\/a> signed a SAR 130 mn shariah compliant banking facility agreement with Alrajhi bank, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/ldBNC4JAEAbgX-MxdvIzu62kW2KoiWh7ibXCBHfXgxX--5Y6CfY1t4HnhXcGUVQiKtitqVnfSMFate-pfbCwDfp6AXGMXQfSIPTIJsKGn5qoGAMS6L4CrpeufDIH4iD6Vx6yxFIg2RoR7ICA_Vse3gyG73k6JhMXjMFExSf40CFEtG5l9frnpe-7pQYa9OzE7tdWUx2PkndMDNnAK6mQa5k6ys4CdTzPS2gSXszwA5dMtLo!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83Nzg3MS9jb21wYW55U3ltYm9sLzk1NDIvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The one-year loan will be used for project financing and the issuance of bank guarantees and letters of credits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- APICO seals loan from SIDF: <\/strong>The Arabian Plastic Industrial Company (APICO) has signed a SAR 23 mn credit facility from the Saudi Industrial Development Fund (SIDF), it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/ldBNC4JAEAbgX-MxdjI_u62kW2KoiWh7ibXCBHf1sBX--5Y6CfY1t4HnhXcGUVQiKtitqZlsOsFate-pdTCxBfragTjGrg1pEHpkE-GFnxqoGAMS6L4CrpeufDIHYiP6Vx6yxFQg2S4i2AEB67c8vBkM3_N0TCYuGIOJik_woUOIaN121eufFyn7pQYaSHZi92urqY7HjvdMDNnAq04h1zQclJ0F6nmel9AkvJjhBxiJMag!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83Nzg4MC9jb21wYW55U3ltYm9sLzk1NDgvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ECONOMY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom and the OECD signed an agreement to boost public policy collaboration <\/strong>across economy, taxation, corporate governance and sustainability, <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/639691\/SAUDI-ARABIA\/Saudi-Arabia-OECD-sign-MoU-to-enhance-public-policy-cooperation\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a> reported yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Makkah gets RER services: <\/strong>The Real Estate General Authority unrolled in cooperation with Makkah city officials the <a target=\"_blank\" href=\"https:\/\/rer.sa\/en\/\" style=\"\" rel=\"noopener\">Real Estate Registry (RER)<\/a> platform for the region, it said in a <a target=\"_blank\" href=\"https:\/\/rega.gov.sa\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2-%D8%A7%D9%84%D8%A7%D8%B9%D9%84%D8%A7%D9%85%D9%8A\/%D8%A7%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/%D8%A7%D9%84%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9-%D9%84%D9%84%D8%B9%D9%82%D8%A7%D8%B1-%D8%A8%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%B9-%D8%A7%D9%84%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D9%85%D9%84%D9%83%D9%8A%D8%A9-%D9%84%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D9%85%D9%83%D8%A9-%D8%A7%D9%84%D9%85%D9%83%D8%B1%D9%85%D8%A9-%D9%88%D8%A7%D9%84%D9%85%D8%B4%D8%A7%D8%B9%D8%B1-%D8%A7%D9%84%D9%85%D9%82%D8%AF%D8%B3%D8%A9-%D9%88%D8%A3%D9%85%D8%A7%D9%86%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D8%B5%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D9%82%D8%AF%D8%B3%D8%A9-%D8%AA%D8%B9%D9%84%D9%86-%D8%A8%D8%AF%D8%A1-%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%B3%D8%AC%D9%84-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A-%D9%81%D9%8A-%D9%85%D9%83%D8%A9-%D8%A7%D9%84%D9%85%D9%83%D8%B1%D9%85%D8%A9\/?page=1&search=&sort=\" style=\"\" rel=\"noopener\">statement<\/a> yesterday.The city is set to be divided into districts comprising several neighborhoods, with an announcement to be made soon in regards to the neighborhoods that will start registering properties on the new platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RER? <\/strong>The National Real Estate Registry Services Company (RER) \u2014 wholly owned by the PIF \u2014 aims to establish a real estate registry across the Kingdom to make it easier for individuals and corporations to know who has clear title to a property when buying or selling.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECHNOLOGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPARK set for new manufacturing facility: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.spark.sa\/\" style=\"\" rel=\"noopener\">King Salman Energy Park (Spark)<\/a> signed an agreement with Schneider Electric to set up an advanced tech manufacturing facility, it said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/spark-and-schneider-electric-sign-agreement-for-high-tech-manufacturing-facility-in-saudi-arabia-f2xbcxal\" style=\"\" rel=\"noopener\">statement<\/a> picked up by Zawya yesterday. The 20k m2 facility will produce high-tech systems that include Distributed Control Systems (DCS), Emergency Shutdown Systems (ESD) and Compressor Control Systems (CCS). Completion is expected to be completed by the end of 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s Spark?<\/strong> Located in the oil-rich Eastern Province, Spark is being developed as an industrial ecosystem and energy hub aimed at boosting the kingdom\u2019s energy value chain.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/arabian-internet-and-communications-services\/\">Arabian Internet and Communications Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/depa-group\/\">Depa Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/east-pipes-integrated-company\/\">East Pipes Integrated Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/oecd\/\">OECD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/opdc\/\">OPDC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/organization-for-economic-co-operation-and-development\/\">Organization for Economic Co-operation and Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/red-sea-global\/\">Red Sea Global<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saline-water-conversion-corporation\/\">Saline Water Conversion Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/stc\/\">STC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/swcc\/\">SWCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/the-rig\/\">The RIG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82036\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82036\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/investors-pour-usd-900-mn-into-btc-etfs-in-three-days\/\">\r\n                            Investors pour USD 900 mn into BTC ETFs in three days                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/investors-pour-usd-900-mn-into-btc-etfs-in-three-days\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Investment manager giant BlackRock led the pack with USD 723 mn in inflows, while crypto asset manager Grayscale saw outflows totalling USD 1.2 bn of outflows after it turned its BTC fund into an ETF and investors left for new funds with less fees.<\/p>\n<p><a target=\"_blank\" id=\"t.bbfcf624fceb63db415d7923baa509d76bfbddb9\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<thead>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,063.00<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +0.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,568.23<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.01% (YTD: +1.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.75 Buy<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.75 Sell<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6% repo<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">26,758<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: +7.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,724.26<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +1.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,090.64<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +0.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,739.21<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: -0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,446.29<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.5% (YTD: -3.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,403.08<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1% (YTD: -2.6%)<\/p>\n<\/td>\n<tbody><\/tbody>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 77.88<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.89<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,010.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 42,677.81<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.43% (YTD: +102.4%)<\/p>\n<\/td>\n<\/tr>\n<\/thead>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI fell 0.12% yesterday<\/strong> on turnover of SAR 10.7 bn. The index is up 0.8% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>MBC Group (+9.9%), Riyadh Cables (+6.7%) and Bawan (+5.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Petro Rabigh (-4.3%), Wataniya (-4.1%) and AICC (-3.8%). <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82038\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/82038\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82038\" class=\"content-area-description single-story post-82038 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">JANUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">17-20 January (Wednesday-Saturday): Richard Mille AlUla Desert Polo 2024, AlUla.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19 January (Friday)<\/span><span style=\"font-weight:400;\">: Saudi India Festival, Diplomatic Quarter, Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">22-24 January (Monday-Wednesday): Real Estate Future Forum, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 January (Friday): Andrea Bocelli concert, AlUla.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26-27 January (Friday-Saturday): 2024 Diriyah E-Prix, Diriyah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-31 January (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudifranchiseexpo.com\/\" style=\"\">Saudi Franchise Expo 2024<\/a><\/span><span style=\"font-weight:400;\">, Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-31 January (Sunday-Wednesday)<\/span><span>: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.biznex-expo.com\/\" style=\"\">BiznEX<\/a><\/span><span style=\"font-weight:400;\">, the Riyadh International Convention and Exhibition Center, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 February (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.simec-expo.com\/\" style=\"\">SIMEC International Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">8 February (Thursday): end of Tuwaiq International Sculpture Symposium, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5-7 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudihoreca.com\/\" style=\"\">Saudi HORECA 2024,<\/a><\/span><span style=\"font-weight:400;\"> Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9 February- 23 March (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/desertx.org\/\" style=\"\">Desert X ALUla<\/a><\/span><span style=\"font-weight:400;\">, AlUla<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11- 12 February (Sunday-Monday): The Space Debris Conference, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/saudispace\/status\/1741860340994814346?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1741860340994814346%7Ctwgr%5E7da01bd587d268c0286583ff0303145c4dbd6624%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.arabnews.com%2Fnode%2F2434966%2Fbusiness-economy\" style=\"\">Securing the Future Growth of the Global Space Economy<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iptcnet.org\/\" style=\"\">The International Petroleum Technology Conference (IPTC)<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">22 February (Thursday): Founding Day (national holiday) <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/\" style=\"\">Big 5 Construct Saudi<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/specialized-events\/fm-expo-saudi\/\" style=\"\">FM EXPO SAUD<\/a><\/span><span style=\"font-weight:400;\">    <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/specialized-events\/stone-surface-event\/\" style=\"\">Stone and Service Saudi Arabia<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2 March (Friday): end of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/riyadhart.sa\/en\/noor-riyadh\/\" style=\"\">Noor Riyadh<\/a><\/span><span style=\"font-weight:400;\"> show, segment \u201cRefracted Identities, Shared Futures\u201d, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 March (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\">International Conference on Sand and Dust Storms in the Arabian Peninsula<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 March (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/onegiantleap.com\/\" style=\"\">LEAP 2024,<\/a><\/span><span style=\"font-weight:400;\"> Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11 March (Monday): Flag Day (national holiday) <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in March:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Ramadan <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 April-1 May: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futurehospitality.com\/sa\" style=\"\">Future Hospitality Summit<\/a><\/span><span style=\"font-weight:400;\"> at Al Faisaliah Hotel, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in April:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Eid Al-Fitr (national holiday)<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\">Saudi Energy Convention<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-23 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thesaudifoodshow.com\/\" style=\"\">The Saudi Food Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in May:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Global Trade Review (GTR): KSA<\/span><\/li>\n<li><span style=\"font-weight:400;\">Saudi Energy Convention<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">World Environment Day<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in June:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Eid Al-Adha (national holiday)<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12-15 August (Monday-Thursday): The Saudi Food Expo, Riyadh <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/informaconnect.com\/saudi-event-show\/\" style=\"\">The Saudi Event Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 September (Monday): National Day (national holiday)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-13 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2024:<\/span><\/p>\n<ul>\n<li><span>The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tinyurl.com\/38jtv854\" style=\"\">AFC Champions League Elite<\/a><\/span><\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Aramco loves venture capital | ADCB\u2019s Saudi plan | Alnima loves insurance | Saudi Fransi eyes USD sukuk | Lots of inflows into BTC ETFs<\/p>\n","protected":false},"featured_media":82021,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-82020","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"24f6c423-d906-4744-81c6-eb737cf3e526","teaser":"Aramco loves venture capital | ADCB\u2019s Saudi plan | Alnima loves insurance | Saudi Fransi eyes 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