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Funds
Markets
Saudi PIF-backed Lucid Group secures $1.1 billion from convertible senior notes due 2030
The new issue is structured efficiently with PIF support from prepaid forward share purchase
Markets
U.S. Bitcoin ETFs record $5.4 billion in outflows in five weeks
Bitcoin has dropped 21 percent over the last three months
Banking & Finance
World Bank presents $1 billion program for Lebanon reconstruction
Reconstruction and recovery requirements following the conflict that affected Lebanon are estimated at $11 billion
Banking & Finance
UAE Funds Transfer System processed $5.4 trillion in transactions in 2024: Central Bank
This marks a year-on-year rise of 15.9 percentÂ
Logistics
Saudi PIF inks $3 billion deal with Italian export credit agency
The parties will share expertise and consider SACE's $3 billion support for PIF-led projects
Markets
Risk-off sentiment drives Bitcoin price down to just above 88,000, lowest level since November
Bitcoin price has slumped nearly 20 percent from its peak following Trump’s inauguration on January 20
Economy
WGS 2025: Abu Dhabi Fund for Development total funding hits $62.3 billion
The Fund expanded investment activities to 107 countries across continents
Banking & Finance
Saudi Fund for Development, Pakistan finalize $1.2 billion financing agreement for oil derivatives
Saudi Arabia's SFD has provided $6.7 billion in oil derivatives support to Pakistan since 2019
Banking & Finance
What Trump’s sovereign wealth fund means for TikTok
Trump proposed a sovereign wealth fund to address American security and user privacy concerns
Banking & Finance
Saudi Arabia achieves record 178 venture capital deals in 2024, retains top rank in MENA region
E-commerce dominated with 33 percent of total funding with a value of $247 million
Banking & Finance
Halo AI secures $6 million to expand brand creator collaborations beyond Saudi Arabia
The company aims to expand into Dubai and Kuwait, targeting growth in MENA, Europe, and North America
Banking & Finance
Saudi PIF completes $7 billion inaugural murabaha credit facility
This financing arrangement is backed by a broad consortium of 20 international and regional financial institutions
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