Press Dossier   By Date  22/03/2023
PIF-backed Rakiza raises $1bn to invest in Oman and Saudi Arabia
Public Investment Fund-backed Rakiza has raised $1 billion to invest in three projects in Oman and is close to signing off on several deals in the Kingdom, according to a statement.
Saudi Venture Capital launches $80m Saudi fintech fund
Saudi Arabia’s booming fintech sector is set to be boosted by an $80 million investment fund launched by Saudi Venture Capital Co..
Saudi National Bank says its Credit Suisse investment has ‘no impact’ on growth plans or profits
Credit Suisse's largest shareholder Saudi National Bank has confirmed there is “no impact” on its growth plans or profitability after the troubled Swiss lender was bought out by UBS.
Dubai inflation rises close to 5% in February on higher F&B prices
In line with the global trend, Dubai saw its annual inflation rate rising to 4.9 percent in February driven by an increase in food and beverages costs, the latest data from the emirate's Statistics Center showed.
Moody’s affirms UAE’s Aa2 rating, maintains stable outlook
International credit rating agency Moody’s on Tuesday affirmed the Aa2 long-term local and foreign currency issuer ratings of the UAE’s government with the outlook predicted to remain stable.
Closing bell: TASI rises 141.6 points on recovering oil prices
Saudi Arabia’s Tadawul All Share Index increased 141.62 points on Tuesday – or 1.39 percent – to close at 10,359.74, from 10,218.12, thanks to oil price rise, extending a recovery.
Saudi Arabia’s Agricultural Development Fund approves $610m in investment loans
Farmers in Saudi Arabia saw their funding from a dedicated investment organization rise by 167 percent year-on-year in the first three months of 2023, it has been revealed.
Saudi Arabia issues 46 mining licenses in January
Saudi Arabia’s Ministry of Industry and Mineral Resources issued 46 new mining licenses in January 2023 – a 33 percent drop compared to the previous month.
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