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  • New Murabba project to give Saudi capital Riyadh ‘a unique icon instantly recognizable’

    “There is a tendency among Western and Arab observers to dismiss such projects out of hand, describing them as acts of folly, and the outcome of people with too much money,” Yasser Elsheshtawy, adjunct professor of architecture at Columbia University, New York and non-resident fellow at the Arab Gulf States Institute in Washington, told Arab News. “But if we look at it objectively, it is much more than that. Having been involved with one of the teams that were invited to compete for the project, I can attest that there is serious thinking involved in such schemes.

  • New Murabba project to give Saudi capital Riyadh ‘a unique icon instantly recognizable’

    “There is a tendency among Western and Arab observers to dismiss such projects out of hand, describing them as acts of folly, and the outcome of people with too much money,” Yasser Elsheshtawy, adjunct professor of architecture at Columbia University, New York and non-resident fellow at the Arab Gulf States Institute in Washington, told Arab News. “But if we look at it objectively, it is much more than that. Having been involved with one of the teams that were invited to compete for the project, I can attest that there is serious thinking involved in such schemes.

  • “The Square” in the history of the Saudi capital

    The historian, Dr. Abd al-Latif al-Hamid, believes, “It is consistent that the shape of the building of the palaces came as a square, so the past coincided with what came after it.” With the shape of a palace building. The construction of the square came as the largest urban project in Riyadh at that time, and as one of the major turning points in the urban history of the city, and the construction of the square palaces represented a development in building patterns and an expansion of buildings, while preserving the spirit of the local urban style, and it was “using a new era of urban development for the city of Riyadh.” As indicated by the historian Abd al-Rahman al-

  • Saudi Arabia’s venture capital funding nears $1 billion mark

    In 2022, the Middle East and North Africa region saw 17 M&A compared to 41 in 2021 while Saudi Arabia alone witnessed 10 M&A transactions last year compared to five the year before, a 100-percent increase. “I anticipate a country like Saudi Arabia that has very specific government initiatives, support for startups, and fund of funds will continue to deploy capital and grow year on year,” Bahoshy reiterated.

  • Saudi Arabia’s venture capital funding nears $1 billion mark

    In 2022, the Middle East and North Africa region saw 17 M&A compared to 41 in 2021 while Saudi Arabia alone witnessed 10 M&A transactions last year compared to five the year before, a 100-percent increase. “I anticipate a country like Saudi Arabia that has very specific government initiatives, support for startups, and fund of funds will continue to deploy capital and grow year on year,” Bahoshy reiterated.

  • ‘Arab capitals’ ties with Delhi will overshadow China’s West Asian ties’

    India’s outreach to West Asia particularly to the UAE, Egypt and Saudi Arabia is allowing India to become a “kingmaker" in Eurasia, according to strategic thinker Mohammed Soliman. In an age of increasing global disorder, India’s West Asia outreach in recent months is an effort to bridge the divide between the Middle East and South Asia to guarantee stability, argues Soliman.

  • Saudi Tadawul Group Signs Deal To Implement ESG Framework In Capital Market

    The operator of the Saudi stock market, Saudi Tadawul Group, has signed a trilateral memorandum of understanding with the Ministry of Planning and Economy and the Capital Market Authority to help the group implement environmental, social and governance framework in the capital market.

  • Saudi capital market capable of delivering big: Hussan

    His fellow panelist Khaled Al Ghamdi, CEO, ANB capital, noted that organic innovation, driven by competition, is delivering continued improvements to the sector: “One of the key ingredients that will accelerate the development of the Saudi capital market is introducing competition at the exchange level. CMIs and issuers will welcome competition in this area. Given the kingdom’s open economic demeanour, increased competition will bring the market up to global market levels.”

  • Rising appetite for Saudi capital market reflects robust G20 economies

    Increasing appetite to list on Saudi bourses displays the robust market performance of the G20 economies, noted top executive of a financial advisory and asset management firm. Speaking at the second edition of the Saudi Capital Forum in Riyadh on Sunday, Lazard’s investment banking CEO for the Middle East and North Africa Wassim Alkhatib said that the Saudi capital market is a reflection of a very strong G20 economy and has over 200-250 listed companies.

  • The Saudi Exchange: Building the Future of Capital Markets Today

    The largest exchange in the Middle East – and the ninth largest in the world – the Saudi Exchange had a Main Market capitalization of SAR 9.87 trillion (USD 2.62 trillion) at the end of 2022, while its Nomu - Parallel Market closed the year with a market capitalization of SAR 35.09 billion (USD 9.34 billion).3 These two markets within Saudi Exchange continue to receive a strong inflow of new listings – adding seven and eight companies, respectively, in Q4 2022 – for a total 269 listed issuers across both markets.4