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PIF reveals new initiatives to boost asset management industry
Assets managers in Saudi Arabia are set to receive additional support from the Public Investment Fund through two new initiatives.
The organization announced the Managers Gate Platform and the Portfolio Management Development Program on…
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US trade tribunal issues potential Apple Watch import ban in Masimo patent fight
The US International Trade Commission (ITC) on Thursday issued an order that could bar Apple from importing its Apple Watches after finding the devices violate medical technology company Masimo’s patent rights.
The full commission upheld…
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Deals worth $800m signed at largest-ever Saudi Agriculture exhibition
Agreements worth more than SR3 billion ($800 million) were signed at a four-day gathering focused on food and agriculture in Riyadh.
The Saudi Agriculture exhibition 2023 ran from Oct. 23 to 26, and saw more than 410 exhibiting companies…
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Saudi tourism shows strong growth with low environmental impact: report
Saudi Arabia’s tourism industry is making significant strides, contributing 6.4 percent to the annual gross domestic product while emitting only 3.3 percent of global greenhouse gases, according to a new research.
A report titled “The…
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Rise of BRICS reveals shifting power dynamics of global economy: FII panel
A new global economic playing field is set to be created with the expansion of the Brazil, Russia, India, China and South Africa bloc of countries, business leaders suggested during panels at the Future Investment Initiative forum in…
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Saudi Arabia’s merchandise exports rise by 11.3% in August to $27.19bn
Saudi Arabia’s overall merchandise exports surged 11.3 percent to reach SR102.4 billion ($27.19 billion) in August compared to July, according to the General Authority for Statistics.
The authority, however, found that the merchandise…
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AI-driven inclusivity in focus as FII summit gets off the ground
Artificial intelligence can create a more inclusive society and steer the world toward a more sustainable development model, according to Public Investment Fund Gov. Yasir Al-Rumayyan.
Speaking at the Future Investment Initiative in…
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RSG signs $533m deal with KHC to develop Four Seasons Resort Red Sea, unveils new private island…
Saudi giga-project Red Sea Global has agreed a SR2 billion ($533 million) investment deal with Kingdom Holding Co. to develop two new hospitality venues.
The joint venture will see the companies in a 50-50 partnership to develop and own…
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Saudi Arabia’s National Transformation Program drives 750 economic reforms for private sector…
In an effort to develop the private sector, over 750 economic reforms will be implemented by Saudi Arabia’s National Transformation Program, according to a statement.
Launched in 2016, the initiative was the first Vision Realization…
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Sharjah Chamber sees 12% growth in member companies
Registered member companies with the Sharjah Chamber of Commerce and Industry showed 12 percent growth in the third quarter of 2023 compared to the start of the year.
The SCCI reported a surge in the number of member firms, climbing from…
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