Browsing: markets

CAIRO: Saudi Arabia-based fintech Simplified Financial Solutions Co. has closed a $10 million seed round led by Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund, and RAED Ventures.  

RIYADH: Saudi Arabia’s sukuk and debt capital market has grown significantly since 2019, surpassing SR30 billion ($7.9 billion), according to…

RIYADH: Saudi Arabia’s Public Investment Fund has priced its inaugural sterling bond offering of £650 million ($829.80 million) under its existing Euro Medium-Term Note program.

The brokerage’s current forecast gives a 6% ‘upside’ potential by the end of the year for the benchmark index, which is used to gauge the broader global equity market performance

European stocks bounced and government bond yields dropped on Monday as investors looked forward to an interest rate cut from the European Central Bank (ECB), while U.S. jobs data kept the focus squarely on inflation.

The MOEX index lost 0.72% and reached 3,258.52 points, while the RTS index fell by 1.26% to 1,136.36 points on Friday.

The 32% net increase is expected to be mostly driven by a strong recovery in foreign direct investment and by cash directed at equity portfolios

Canada’s economy saw slower than expected 1.7 percent growth in the first quarter, government data showed Friday, adding to expectations of a central bank cut in interest rates.

Adjusted for inflation both overall consumption and disposable income dropped slightly in April Price cuts by major U.S. retailers and…

Gold investing has gained popularity in recent years due to the current economic climate, characterized by persistent inflation that has eroded the value of the US dollar and driven investors to seeking inflation-hedging assets such as commodities.