An investment group led by the Saudi Arabia’s Public Investment Fund (PIF), and comprising PCP Capital Partners as well as RB Sports &...
Saudi Arabia
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Saudi wealth fund PIF leads GBP300m acquisition of Newcastle United
An investment group led by the Saudi Arabia’s Public Investment Fund (PIF), and comprising PCP Capital Partners as well as RB Sports &...
FedEx Express to invest over $400m in Saudi Arabia
Delivery services company FedEx Express, a subsidiary of FedEx Corp, has announced its transition to a direct-serve presence in Saudi Arabia...
Saudi non-oil private sector growth quickens to 7-year high
Business activity in Saudi Arabia last month grew at the fastest pace in seven years as fewer Covid-19 restrictions led to a boost in the...
Oil holds drop from seven-year high as energy crunch fears ease
Oil held losses in Asian trading after US crude stockpiles grew more than expected and Russia offered to ease a natural gas crisis. Futures...
Top backer of Dubai app Fetchr warns startup faces liquidation
Dubai courier app Fetchr, once among the Middle East’s most promising startups, is considering filing for liquidation after becoming...
Four people injured at Saudi’s Abha airport in latest Yemeni drone attack
The Saudi-led coalition intercepted an explosives-laden drone targeting its Abha international airport, local media reported early on...
Saudi Arabia’s startup VC ecosystem grew record 65% y-on-y in H1 2021
Startups based within the MENA region attracted over $1.2bn funding in H1 2021, according to startup data platform MAGNiTT. The Covid-19...
Fuel prices spike across Asia as global energy crunch takes hold
Asian buyers are paying top dollar for a variety of fuels that can be fed into steam boilers or power turbines as they seek alternatives to...