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Financials and Investment News in Saudi Arabia

Muscat Securities Market Declines 8 Points
8/14/2018 - Muscat Securities Market (MSM) general index (30) lost (8.84) points, comprising a decline by (0.20%) to close at (4373.08) points, compared to the last session, which stood at (4381.92) points.
Amman Stock Exchange Rises
8/14/2018 - Amman Stock Exchange (ASE) opened trading with a rise to 1977 points compared to 1971 points of last session closure, according to market sources.

The market index fluctuated between 1970 po...
Saudi Arabia Leads IPO And REIT Activity In MENA in Q2
8/29/2018 -  The MENA region raised $881.5m through nine IPOs, (including four Real Estate Investment Trust (REIT) listings), in Q2 2018, according to the latest EY MENA IPO Eye report.

Compared to Q2 2...
MOF Announces Closure of (07-2018) Issuance Under Saudi Arabian Government SAR
9/3/2018 - The Ministry of Finance announces that it has completed a tap issuance of the (07-2018) issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The tap issuance size was set at SAR ...
Muscat Securities Market Gains 1 Point
9/5/2018 - Muscat Securities Market (MSM) general index (30) today gained (1.54) points, comprising a rise by (0.03%) to close at (4429.19) points, compared to the last session, which stood at (4427.65) point...
Saudi Index Drops Below 200-Day Average Amid Emerging Markets Sell-Off
9/5/2018 - Saudi Arabia’s main stock index fell below major technical support for the first time this year on Wednesday, leading declines in Middle East stocks as the region was swept up in a broader emerging ma...
Number of Saudi Visitors at World’s Leading Trade Fair in Germany Surges
9/8/2018 - The world-famous German trade fair BAU has recorded a strong increase in Saudi guests in recent years. 1,188 Saudi guests visited the past three editions of the exhibition. The increased numbers can b...
Saudi Finance Minister Receives Pakistani Counterpart
9/19/2018 - Minister of Finance, Mohammed bin Abdullah Al-Jadaan received here the Minister of Finance and Economic Affairs of Pakistan Assad Omar, accompanying the Premier of Pakistan Amran Khan on his current v...
Saudi Arabia Unveils Riviera of the Middle East
9/27/2018 - The Public Investment Fund (PIF) of Saudi Arabia, has announced the launch of Amaala which will become an uber-luxury destination on the northwestern coast of Saudi Arabia.

It aims to create...
The Fiscal Strategy will Contribute to Reduce the Budget Deficit and Support Fiscal Sustainability
9/30/2018 - The Fiscal Strategy will Contribute to Reduce the Budget Deficit and Support Fiscal Sustainability and Economic Growth over the Medium Term 3 Riyadh.

these programs and other initiatives, whi...
Saudi Arabia Deposits $200 Million Grant in Yemen Central Bank
10/3/2018 - The Minister of Finance, Mr. Mohammed Al-Jadaan, stated that $ 200 million grant was deposited today, in the Central Bank of Yemen in implementation of the Custodian of the Two Holy Mosques, King Salm...
Saudi Ports Authority: Handling 22 Million Tons of Cargo during September 2018
10/8/2018 - The total tonnage of handling cargo in Saudi ports during September 2018 reached 22.29 million tons, with 2.18% an increase over the same period last year, according to the statistical index issued by...
Saudi Rebounds From Khashoggi Slide As Institutions Buy
10/15/2018 - Saudi Arabia’s stock market rebounded sharply from losses suffered in the wake of the disappearance of dissident journalist Jamal Khashoggi, as local institutions bought shares actively.

The...
OIC Secretary General Participates in First Cairo Week On Water
10/15/2018 - Secretary General of the Organization of Islamic Cooperation (OIC) Dr. Yousef bin Ahmed Al Othaimeen is participating in the opening of the first Cairo Week on Water and the accompanying exhibition, b...
KSA Achieves Best Progress in Global Competitiveness Report Since 2012
10/17/2018 - The Kingdom of Saudi Arabia has achieved the best progress in the Global Competitiveness Report (GCR) for this year 2018 issued by World Economic Forum (WEF), ranking 39th out of 140 countries, repres...
Saudi Arabia Announces the Establishment of the First Special Economic Zone
10/22/2018 - Saudi Arabia announced the establishment of a Special Economic Zone (SEZ), the first special zone of its kind in the world. The zone, to be located in King Khalid International Airport, in Riyadh, wil...
KSA King , US Treasury Secretary Discuss Economic Ties
10/22/2018 - His Majesty King Abdullah II on Monday received U.S Treasury Secretary Steven Mnuchin for talks on economic cooperation between the two countries.

During the meeting at the Al-Husseiniah Pala...
UAE Minister Of State: KSA Has Ambitious Vision To Ensure Sustainable Economic Development
10/24/2018 - Minister of State of United Arab Emirates Dr. Sultan Ahmed AlJaber said that the Kingdom of Saudi Arabia has an ambitious vision through its taking a practical steps to ensure sustainable economic dev...
Saudi Arabia is A Key Playing in Shaping the Future of the Global Economy.
10/25/2018 - Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum said that the ambitious economic vision of Saudi Arabia makes it a key player in shap...
AED6 Billion Worth Of Exports By RAK Chamber Members In Nine Months
10/27/2018 -  A total of 1,199 establishments have been registered by Ras Al Khaimah Chamber over the past nine months, and 12931 have had their licenses renewed.

Up to AED6.00 billion worth of goods have...

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