Press Dossier   By Date  13/03/2024
PIF’s Jada unveils its first investment in venture debt
Saudi Public Investment Fund subsidiary Jada Fund of Funds has entered venture debt, investing in Partners for Growth, which has SR3.75 billion ($1 billion) in assets under management.
Jordan’s Numa plans expansion to Saudi Arabia after Visa collaboration
Jordan-based fintech Numa will collaborate with Visa to fuel its expansion plans into Saudi Arabia, signifying the Kingdom’s financial sector embracing international expertise.
Closing Bell: Tasi rebounds to close at 12,614 as trading turnover hits $2.23bn
Recouping its losses on Monday, Saudi Arabia’s Tadawul All Share Index rebounded on Tuesday, gaining 58.22 points to close at 12,613.94.
Saudi bank loans surge to $700bn, fueled by real estate, corporate expansion
Saudi banks extended loans totaling SR2.62 trillion ($700 billion) in January, marking an 11 percent rise from the same month in 2023, according to official data.
UAE to crack down on illegal price hikes, monitor discounts during Ramadan
A national task force will monitor the prices of commodities and basic consumer products in the UAE during the holy month of Ramadan. The team will also keep a watch on the discounts announced by retailers in the country.
17 candidates apply on 9th day of parliament election nominations
A total of 17 candidates submitted on Tuesday their applications for nomination to the Ministry of Interior's Elections Affairs Department on the ninth day of the nomination period for the 2024 National Assembly elections, scheduled for April 4th.
Saudi Arabia, Bahrain discuss joint cooperation in social housing and urban planning
Saudi Arabia and Bahrain are exploring partnership opportunities in the social housing and urban planning sectors following a high-level meeting.
UAE: Up to Dh500,000 fine for illegally raising donations
The UAE has regulated charity fundraising in the country and has specified fines ranging from Dh200,000 to Dh500,000 for those illegally raising donations.
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