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Pexels/Alain Nkingi Tunisia is facing an increasing refugee crisis as sub-Saharan Africans arrive seeking passage to Europe Third PM in two years Tunisia’s economy falters Growing refugee crisis The president of Tunisia, Kais Saied, has sacked his prime minister, Kamel Maddouri, less than a year after Maddouri’s appointment, as the country’s economy falters and it tries to cope with a worsening flood of migrants from sub-Saharan Africa. Saied named Sara Zaafarani, the minister of equipment and housing since 2021, as Maddouri’s replacement. Zaafarani, who is an engineer, is the third prime minister in less than two years. In recent months,…

Supplied Gulf Islamic Investments CEO Mohammed Alhassan says the company wants to double its US assets to $1.5bn within four years Dubai investor has $3.5bn AUM Wants to double US value Interview with CEO Gulf Islamic Investments, Dubai’s financial services company which has more than $3.5 billion of assets under management, is aiming to more than double the value of its business in the United States.  GII’s US assets total $750 million and include an 80 percent share in ZSpace, a virtual reality education technology company with a market capitalisation of $222 million.  Since selling shares to the public and…

On March 21, 2025, the Capital Market Authority (CMA) invited feedback from stakeholders involved in the capital market on the draft “Regulatory Framework for Debt Instruments Offering Platforms and Investing in Them.” The consultation period will run for 30 days, ending on April 23, 2025. The draft aims to develop a regulatory framework for debt instrument offerings, including defining the licensing and regulatory requirements for capital market institutions conducting securities crowdfunding activities. If approved, the draft will allow institutions to offer debt instruments in the Sukuk and Debt Market and permit companies with a FinTech Experimental Permit to obtain the…

Boutique Group, an innovative luxury hospitality company owned by Saudi Arabia’s Public Investment Fund, makes its debut appearance at the Arabian Travel Market (ATM), a major event in the global tourism industry.   At the event, Boutique Group showcased its dedication to enhancing luxury hospitality. They’re renovating Saudi Arabia’s historic royal homes and other landmarks into top-tier luxury hotels. Boutique Group also shared information about a new agreement they signed with ALTANFEETHI luxury concierge service. This agreement focuses on sharing knowledge and expertise to improve guest experiences at airports in Saudi Arabia. Boutique Group proudly presents a diverse portfolio of…

Türkiye and Slovakia have received extensions from the United States to waivers for gas payments to Russia, sources told Reuters on Thursday, adding that the extensions would be valid until May. In November, Washington imposed new sanctions over the Ukraine conflict on Russia’s Gazprombank, one of the country’s largest banks which receives payments for natural gas from Gazprom’s customers in Europe. Türkiye, along with Hungary and Slovakia, received a US waiver in December, removing a major hurdle to paying for the gas they receive from Russia via the TurkStream gas pipeline. Türkiye’s energy ministry declined to comment, while Türkiye’s treasury…

Alsulaiman Group, under Alsulaiman IKEA, proudly supports the second Diriyah Contemporary Art Biennale, directed by Ute Meta Bauer with the theme “After the Rain.” Taking place until the 24th of March 2024, the event is being held at JAX District in Diriyah.   The Biennale, Saudi Arabia’s grand modern art showcase, now in its second edition, displays 177 artworks by 100 artists from 40 countries. This event has welcomed over 150,000 visitors to date, highlighting a diverse global art scene.        IKEA, under Alsulaiman Group, plays a vital part in the Diriyah Contemporary Art Biennale. They add both practical and beautiful…

One Saudi-based company is making waves with its revolutionary approach and customer-centric solutions in the bustling landscape of the storage and moving industry. WheeKeep, a company driven by innovation and a commitment to excellence, is transforming how individuals and businesses perceive storage and moving services all over Saudi Arabia, from Jeddah through Riyadh to Dammam WheeKeep has all our storage and moving needs covered.     At the heart of WheeKeep’s mission is a dedication to providing unparalleled customer experiences. They understand that each client’s needs are unique and have tailored their services to offer personalized solutions. Whether it’s a…

Accor’s popular midscale brand, Novotel, introduces its newest property in Saudi Arabia, Novotel Riyadh Sahafa. This hotel is the ninth Novotel in the Kingdom and is managed by Hessa Al Mazroa, the first female hotel General Manager for Accor in Saudi Arabia.   Situated in the lively Al Sahafa district, this modern hotel is perfect for business and leisure guests looking for comfort, convenience, and wellness. Novotel Riyadh Sahafa is conveniently near King Abdullah Financial District, Riyadh Exhibition Center, and Riyadh Boulevard, the city’s big entertainment hub, just 15 km from King Khalid International Airport. Novotel Riyadh Sahafa blends modern…

Sport Clubs The company operates 56 branches across 18 cities in Saudi Arabia Riyadh-based Sport Clubs Company has received approval to float 30 percent of its share capital on the Saudi stock exchange. The Capital Market Regulator has given its nod to sell 34.3 million shares on the main market. The approval will be valid for six months but is deemed cancelled if the initial public offering (IPO) is not completed within the given period. Established in 1994, the company operates 56 branches across 18 cities in the kingdom. Its portfolio includes 41 men’s clubs under the “Body Masters” brand and 15 women’s…

Dubai Tourism Emerging market fund managers ‘allocate more time and money to bigger markets like India and China’ than Dubai or Saudi Arabia, says one expert $60bn invested since 2020 But ownership share remains low ‘Oil link’ reputation deters some International investors have pumped more than $60 billion into Gulf stocks over the past five years but their share of ownership is still relatively low, putting into question the success of GCC states’ economic diversification policies. Governments in the world’s largest oil-producing region have long sought to increase foreign direct investment into their economies and trading in their listed companies. …