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Officials expect two rate cuts in 2025
Author Archives: enterpriseam
Posted inSAUDI IN THE NEWS
It’s a mixed bag for the Kingdom in the int’l press
Reuters is taking note of the PIF’s shifting game plan in the sports world. After making splashy investments in men’s soccer and golf — think Newcastle United, LIV Golf, and Neymar — the newswire sees PIF’s sports M&A strategy getting “smarter” in 2025 by targeting smaller but faster-growing leagues such as women’s soccer and rugby. […]
Posted inMOVES
New appointments at Al Saif Stores + Almujtama Medical
Al Saif tapped Ahmed Alsultan as its new CEO
Posted inWHAT WE’RE TRACKING TODAY
Sama cuts interest rates in line with the Fed + United Carton Industries gets IPO green light
PLUS: Riyadh Season World Masters of Snooker quarterfinals begin today
Posted inHOSPITALITY
Hotel occupancy at 55.4% in 2Q with longer stays -Gastat
The average length of stay for hotel guests averaged 5.2 nights
Posted inIPO WATCH
Itmam Consulting issues prospectus for Nomu IPO
Some 3 mn shares will be up for grabs
Posted inRENEWABLES
Acwa Power breaks ground on five Uzbek ventures
Acwa Power now boasts a USD 15 bn energy portfolio in the country