Arab News Business Weekly Review - March 11
This week: Riyal symbol boosts global standing, Saudi corporations drive startup investments, franchises strengthen economy.

Arab News Business Weekly Review - March 11

Saudi riyal symbol: strategic step toward global financial standing

Saudi Arabia’s unveiling of a new symbol for the riyal has been dubbed a “visionary maneuver” that will enhance the currency’s global recognition, strengthen investor confidence, and signal a commitment to financial modernization, Arab News has been told.

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Saudi multi-billion-dollar corporations are driving strategic investments in startup ecosystem

Saudi Arabia’s corporate venture capital arms are playing a pivotal role in driving innovation and advancing economic diversification by aligning their investment strategies with both national and corporate objectives.

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Franchises boosting Saudi economy, as Kingdom dominates half of MENA’s $30bn market

Franchises are proving increasingly vital to Saudi Arabia’s economic development, driving employment, government revenue, and cultural transformation in a youthful nation.

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Saudi Arabia’s labor market booms as world wakes up to its potential

From advanced technology to bustling tourism, Saudi Arabia is witnessing a labor market transformation that is reducing its reliance on oil and creating jobs in construction, green energy, and beyond.

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Aramco Ventures leads $30m Spiritus investment

?Saudi Arabia’s investment landscape continues to expand across diverse sectors, with industry leaders participating in global funding rounds, driving innovation beyond the Middle East and North Africa region.?

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Saudi Arabia’s Tadawul dominates Arab exchanges with 62% market share in 2024

Saudi Arabia’s Tadawul reinforced its position as the Arab world’s leading stock exchange, accounting for 62 percent of the total market capitalization of regional platforms in 2024.

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Saudi economy expands 1.3% in 2024 amid non-oil growth

Saudi Arabia’s economy grew 1.3 percent in 2024, supported by an expansion in non-oil activities despite a decline in the oil sector, according to data from the General Authority for Statistics.

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PIF launches Saudi Arabia’s first duty-free company to boost travel retail market

Saudi Arabia’s Public Investment Fund has launched Al Waha Duty Free Operating Co. as part of its strategy to capture a larger share of the Kingdom’s travel retail market, contributing to the nation’s economic growth.

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Tadawul approves Morgan Stanley Saudi Arabia as market maker for 8 listed securities

Tadawul has approved Morgan Stanley Saudi Arabia to serve as a market maker for eight securities on the main trading platform and the parallel index, Nomu.

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Mideast set for private equity boom amid global market revival: report

The Middle East is rapidly emerging as a prime destination for private equity investment, spurred by a global resurgence in dealmaking, according to Bain & Co.’s latest Global Private Equity report.

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Harminder Singh

Student at GOVT. COLLEGE

1 周

"An inspiring and well-articulated piece! This article beautifully highlights the vital role of women in driving innovation, breaking barriers, and shaping the future of business and technology. The emphasis on gender equality and inclusion, especially in emerging fields like AI and entrepreneurship, is both timely and essential. A great read that reinforces the importance of empowering women for a more progressive and equitable world!" ???? #InternationalWomensDay #BreakingBarriers #WomenInTech https://techachievemedia.com/latest-news/international-womens-day-driving-change-breaking-barriers-and-accelerating-progress/

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Scott Gooding

CEO | Sr. Sales Manager, VP of Sales

1 周

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