The Daily Chase: Gold craze continues with US$7 billion deal

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Gold craze continues: Denver-based Coeur Mining is buying Toronto-based New Gold for about US$7 billion in...

Hilton Surpasses 100 Hotels in Saudi Arabia, with a Growing Pipeline

Hilton has announced it has surpassed the milestone of 100 hotels trading and in the pipeline in Saudi Arabia – representing a combined investment of USD $8 billion from hotel owners and investors into Hilton’s growing portfolio, and underscoring...

Europe Needs Secure Energy Supplies and Investment in Connectivity, Says President Radev

Bulgaria's President Rumen Radev said Europe requires secure and uninterrupted energy supplies, as well as investment in expanding transport, energy and digital connectivity to ensure the resilience of supply chains. He met in Riyadh with Yasir...

Most Gulf bourses rise on higher oil prices; Fed’s meeting in focus

Most Gulf equities ended higher on Wednesday in tandem with a global stocks rally ahead of U.S. Federal Reserve’s policy meeting, while rising oil prices also lent support. Crude prices, a catalyst for the Gulf’s financial markets, rose on an...

Global shipping net zero deal stalls as IMO, facing US headwinds, postpones decision to 2026

IMO’s Marine Environment Protection Committee has adjourned for one year discussions on the adoption of the Net Zero Framework for global shipping Photo: Photo: Adobe Stock/APchanel The IMO’s Marine Environment Protection Committee (MEPC) met in...

Grant Thornton adds three members to partner team in Saudi Arabia

Global accounting and consulting Grant Thornton has in recent months strengthened its senior team in Saudi Arabia with three new hires. Appointed a Partner and Managing Partner of Grant Thornton’s Khobar office, Abdullah Al Marshad brings over a...

Infrastructure Major Larsen & Toubro Bags Projects Worth ₹5,000 Crore In Saudi Arabia

New Delhi: Infrastructure major Larsen & Toubro (L&T) on Wednesday said it has bagged projects worth between Rs 2,500 crore and Rs 5,000 crore in Saudi Arabia. The first order pertains to the construction of a gas Insulated substation.The second...

Logexa Secures $2 Million Pre-Series A Funding to Boost Saudi Arabia’s Warehousing and Logistics Sector

Logexa Secures $2 Million Pre-Series A Funding to Support Saudi Arabia’s Warehousing and Logistics Sector Logexa Announces $2 Million Pre-Series A Funding Round in Partnership with Seedra Ventures, Nour Nouf Ventures, and Angel Investors Saudi...

Stream closes $4M Seed round to enhance digital payments infrastructure across MENA

Stream announces $4M Seed round to strengthen its infrastructure and support regional expansion The investment round was led by Outliers VC, in partnership with BYLD Ventures and several prominent angel investors. The funding aims to enhance...

A Saudi initiative that redefines the global investment map

This is not just another forum or a regular business meeting, but a strategic platform that brings together investors, entrepreneurs, and policymakers—both national and international—with the aim of articulating common visions and charting a...

SOFAZ delegation explores investment opportunities in Saudi Arabia

A delegation led by Israfil Mammadov, Executive Director of the State Oil Fund of Azerbaijan (SOFAZ), visited Saudi Arabia to expand international cooperation, analyse global financial trends, and explore new investment opportunities, Azernews...

No, Saudi Arabia is not building a World Cup stadium on top of a skyscraper

Social media has been abuzz this week with a viral video of a soccer stadium perched at the top of a skyscraper, along with the claim that it will be built as one of the venues for matches at the 2034 FIFA World Cup in Saudi Arabia. The short,...

Saudi Arabia’s expansion projects in Al-Mahra face growing public rejection of military presence

Saudi Arabia’s expansion projects in Al-Mahra face growing public rejection of military presence Sana’a – SABA Public anger continues to escalate in Al-Mahra Governorate over the ongoing Saudi military presence in the governorate’s strategic...

Saudi Arabia and Singapore forge trade pact enabling instant settlements

Singapore’s DBS Bank and Saudi Banque Saudi Fransi have unveiled a historic partnership to revolutionize cross-border transactions across the Gulf-Asia axis. The strategic partnership offers same-day settlements and real-time payment facilities,...

Oil, LNG scores victory against green bunkers amid stalling IMO talks

Fossil fuels could remain the preferred marine energy at the expense of low-carbon fuels, with the International Maritime Organization’s new decarbonization rules hanging in the balance, according to industry participants. Supporters of the UN...

Dubai’s Al-Futtaim to invest $2.7 billion in Saudi Arabia

Dubai conglomerate Al-Futtaim is planning to invest 10 billion Saudi riyals ($2.7 billion) in Saudi Arabia over the next three years as the company looks to expand its operations in the kingdom amid diversification of its economy. The new...

AHEAD OF 2034 WORLD CUP:- Saudi Arabia to Build World’s First Suspended ‘Sky Stadium

AHEAD OF 2034 WORLD CUP:- Saudi Arabia to Build World’s First Suspended ‘Sky Stadium’ Saudi Arabia has unveiled plans for a futuristic football venue that promises to redefine the boundaries of sports architecture — the Neom Sky Stadium, a...

L&T wins projects worth ₹2,500-5,000 crore in Saudi Arabia

Infrastructure major Larsen & Toubro (L&T) on Wednesday said it has bagged projects worth between ₹2,500 crore and ₹5,000 crore in Saudi Arabia. The first order pertains to the construction of a gas Insulated substation. The second set of orders...

Crude Oil: How Will US Sanctions on Russia Impact OPEC+ Strategy?

OPEC+ will meet this weekend to decide December output levels, with sources suggesting a modest 137,000 bpd increase. New U.S. sanctions on Rosneft and Lukoil have injected fresh uncertainty into global oil markets and could disrupt Russian...

BlackRock, PIF expand Riyadh platform

Strengthening Riyadh operations The announcement comes as BlackRock continues to expand its local operations. Since the launch of BRIM, the firm’s Riyadh headcount has nearly tripled, with new investment professionals and corporate functions added...