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  • US Senator Graham says Saudi Crown Prince has clear vision that will change Mideast

    Saudi Arabia’s Crown Prince Mohammed bin Salman has a clear vision that will change the face of the Middle East and help achieve peace in the region, US Republican Senator Lindsey Graham told Al Arabiya in an exclusive interview.

    Noting that he traveled to the Kingdom and Israel four times since Oct 7, Graham said the purpose of his visits was not only “to find a way to end the war, but [also] create peace.”

  • Sunak: British, Saudi trade exchange crosses $21 billion

    British Prime Minister Rishi Sunak revealed that trade exchange between the United Kingdom and Saudi Arabia exceeded 17 billion pounds ($21 billion). “Today we are launching the next phase of the deep and growing partnership between Saudi Arabia and the United Kingdom. Over the next two days, we will hear from Saudi leaders and companies about how to make Vision 2030 a reality, and the tremendous opportunities it presents to all of us,” he said while addressing, through a video conference, the opening session of the GREAT Futures Initiative Conference, which kicked off at the King Abdullah Financial District in Riyadh on Tuesday.

  • Iran to change nuclear doctrine if existence threatened, adviser to supreme leader says

    Iran will change its nuclear doctrine if Israel threatens its existence, an adviser to Iran's supreme leader said, the latest comment by an Iranian official that raises questions about what Tehran says is its peaceful nuclear program. Tehran has always said it had no plans to obtain nuclear weapons. Western governments suspect that it wants nuclear technology to build a bomb; its nuclear program has been at the centre of a long-running dispute that has led to sanctions.

  • Robust IPO pipeline and market initiatives propel Saudi Exchange’s global appeal: CEO

    An array of robust and diverse initial public offerings are poised for the Saudi Exchange thanks to new initiatives aimed at attracting international investors, the bourse’s CEO has revealed. Addressing a panel discussion themed “Expanding Frontiers: Uncovering Investment Potential in Saudi Arabia and China” at the Capital Market Forum — CONNECT Hong Kong, Mohammed Al-Rumaih expressed confidence in the future trajectory of the Saudi Exchange. Advertisement

  • Saudi Arabia Stock Exchange (Tadawul) CEO Sees Further Blitz of IPOs

    Saudi Arabia has more than ten companies waiting to pursue initial public offerings on its stock exchange, while upwards of 50 firms have applied for listings, in a sign that the frenzy of IPO activity in the kingdom is set to continue. “We have more than ten IPOs approved but waiting for book building and dealing with the asset managers to determine listing and offering dates,” Mohammed Al-Rumaih, chief executive officer of Tadawul stock exchange, said in an interview.

  • Saudi king, crown prince exchange Eid Al-Fitr greetings with leaders of Muslim countries

    Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman on Tuesday sent cables of congratulation to leaders of Islamic countries for Eid Al-Fitr. The cables were sent “based on the keenness” of the leadership to “communicate annually with the leaders of the Islamic countries on the blessed holiday,” the Saudi Press Agency reported.

  • Biden to Netanyahu: Protect civilians in Gaza or US policy will change

    President Joe Biden threatened on Thursday to condition support for Israel's offensive in Gaza on it taking concrete steps to protect aid workers and civilians, seeking for the first time to leverage U.S. aid to influence Israeli military behavior.
    Biden's warning, relayed in a call with Prime Minister Benjamin Netanyahu on Thursday, followed a deadly Israeli attack on World Central Kitchen aid workers that spurred new calls from Biden's fellow Democrats to place conditions on U.S. aid to Israel. Israel said the attack was a mistake.

  • Saudi Exchange Welcomes 400th Listed Security

    Speaking on the occasion, Nasser Al Ajaji, Chief of Listing, said, “The 400th listed security on the Saudi Exchange marks a significant milestone and is a clear testament to the Kingdom’s dynamic capital market and its growing appeal to investors globally. In only 16 years, the Saudi Exchange has grown rapidly to rank among the top ten stock exchanges in the world. These achievements are more than just a number; they are symbolic of the economic diversity and growth spurred by Saudi Arabia’s Vision 2030, the Financial Sector Development Program, and the support of the CMA to accelerate the IPO pipeline. All of this reflects the potential we are poised to realize.”

  • Saudi Exchange Marks A Milestone With Its 400th Listed Security

    Since its establishment 16 years ago, the Saudi Exchange has quickly grown to become one of the top ten largest in the world, the third largest amongst emerging market peers, and the largest exchange in the MENA region. The Saudi Exchange also consistently ranks in the top ten exchanges globally for IPO proceeds and accounted for over 70% of GCC IPOs in 2023. With a substantial SAR 11.9 billion ($3.2 billion) raised through IPOs on the Main Market in 2023, the Saudi Exchange has firmly established itself as a significant contributor to the global IPO landscape, a key driver of its continued growth in scope and scale. In 2023, furthermore, the Tadawul All Share Index grew by 14.2%, outpacing the 9.8% growth of the benchmark MSCI Emerging Market Index.

  • U.S. Census changes how it identifies people by race and ethnicity, creates Middle Eastern category for first time

    For the first time in 27 years, the U.S. government is changing how it categorizes people by race and ethnicity, an effort that federal officials believe will more accurately count residents who identify as Hispanic and of Middle Eastern and North African heritage. The revisions to the minimum categories on race and ethnicity, announced Thursday by the Office of Management and Budget, are the latest effort to label and define the people of the United States. This evolving process often reflects changes in social attitudes and immigration, as well as a wish for people in an increasingly diverse society to see themselves in the numbers produced by the federal government.