Money and Business

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TASI reduces its losses and the market value gains 72 billion riyals

TASI reduces its losses and the market value gains 72 billion riyals

The Tadawul All Share Index (TASI) experienced sharp fluctuations at the opening, and despite the points decline, the market capitalization rose by 72 billion riyals, supported by the rise in the share price of…
Jerry Todd leads the Public Investment Fund's new strategy

Jerry Todd leads the Public Investment Fund's new strategy

Bloomberg reveals the appointment of Jerry Todd to oversee the Public Investment Fund's strategy, with a focus on artificial intelligence, industry, and tourism to achieve the vision…
Saudi Arabia's Restricted Insurance Regulations: Capital Requirements and Prohibitions

Saudi Arabia's Restricted Insurance Regulations: Capital Requirements and Prohibitions

Learn about the details of the draft regulations for insurance companies registered in Saudi Arabia. The Insurance Authority sets a minimum capital requirement of 5 million riyals…
TASI stocks: 41 companies record their lowest historical lows in a week

TASI stocks: 41 companies record their lowest historical lows in a week

Okaz newspaper reported that 41 companies on the Saudi stock market (TASI) hit their lowest historical levels last week amid intense selling pressure
OPEC+ is considering increasing oil production after the Iran bombing – Bloomberg report

OPEC+ is considering increasing oil production after the Iran bombing – Bloomberg report

Sources told Bloomberg that OPEC+ intends to increase oil production more than expected following the Israeli attacks on Iran. Learn more…
$4.2 billion in Tether cryptocurrency frozen to combat crime

$4.2 billion in Tether cryptocurrency frozen to combat crime

Tether announced it has frozen $4.2 billion in USDT tokens linked to illicit activities, as part of a global campaign in collaboration with…
Chinese stocks post weekly and monthly gains ahead of the National Conference

Chinese stocks post weekly and monthly gains ahead of the National Conference

Chinese stocks closed mixed but posted weekly and monthly gains, amid hopes for support for the technology sector at the National People's Congress…
Venezuelan oil sales approach $2 billion under US supervision

Venezuelan oil sales approach $2 billion under US supervision

The US Energy Secretary expects Venezuelan oil sales to reach $2 billion by the end of February, with crude returning to global markets through a financial fund…
JPMorgan: US legislation could boost cryptocurrencies

JPMorgan: US legislation could boost cryptocurrencies

JPMorgan expects the cryptocurrency market to rebound in the second half of the year, provided that US market regulation laws are passed and the current situation is resolved…
Japanese yen weakens: Finance Minister confirms market monitoring and dialogue with Washington

Japanese yen weakens: Finance Minister confirms market monitoring and dialogue with Washington

Japanese Finance Minister Satsuki Katayama expressed the government's concern over the yen's decline against the dollar, emphasizing the continuation of dialogue with the United States…
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