Saudi Arabia approves first Hong Kong linked ETF in Middle East
Saudi Arabia is stepping into new financial territory, granting approval for its first exchange-traded fund (ETF) that tracks equities listed in Hong Kong. This move [more…]
Category: Saudi Arabia
China’s food delivery giant, Meituan, overcomes economic challenges with record-breaking Q1 growth
Amid a volatile economic landscape, Meituan has emerged as a beacon of resilience and growth. The on-demand services titan reported a stunning 25% year-on-year surge [more…]
Lucid Motors secures $1 billion investment from Saudi Arabia’s PIF
Lucid Motors, the luxury electric vehicle manufacturer, is once again teaming up with its major investor, Saudi Arabia, in a move aimed at tackling the [more…]
Saudi Arabia’s PIF and Andreessen Horowitz reportedly in talks for $40 billion A.I. fund
In a groundbreaking move, Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is reportedly in discussions with Andreessen Horowitz, a prominent American venture [more…]
Oil prices reach four-month high on supply disruptions and economic growth signs
In a surprising turn of events, oil prices surged approximately 2% to reach a four-month high on Monday, driven by a combination of factors including [more…]
Crude oil prices dip despite China’s growth plans and OPEC+ cuts
In a twist of market dynamics, crude oil futures experienced a slight downturn for the second consecutive day on Tuesday. Despite China’s optimistic pledge to [more…]
OPEC+ expands output cuts and welcomes Brazil in effort to stabilize oil prices
In a move to address persistently low crude oil prices, the OPEC oil cartel, spearheaded by Saudi Arabia and joined by allied producers including Russia, [more…]
China and Saudi Arabia’s landmark currency swap agreement
In a significant move toward reshaping global economic dynamics, the central banks of China and Saudi Arabia recently inked their first-ever currency swap agreement. This [more…]
Saudi Arabia and Russia maintain oil price agreement amidst Israel-Gaza war
In an announcement on Wednesday, Russian President Vladimir Putin indicated that the oil supply cuts imposed by Saudi Arabia and Russia, effectively withholding 1% of [more…]
Saudi Arabia and Russia to maintain current voluntary oil supply reductions
Saudi Arabia and Russia, two key OPEC+ partners, have confirmed that they will continue their oil supply cuts in November. This decision comes despite the [more…]