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Crown Prince Mohammed bin Salman hosted Ukrainian President Zelenskyy in Jeddah, discussing bilateral relations and the ongoing crisis in Ukraine.Jeddah, March 11, 2025 – His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, hosted a formal reception for Ukrainian President Volodymyr Zelenskyy at the Royal Court in Al-Salam Palace in Jeddah. This significant event marked a milestone in Saudi-Ukrainian relations, with both leaders engaging in an official session of talks to discuss various aspects of their bilateral ties and the ongoing crisis in Ukraine. The reception began…

Saudi Arabia’s Dawah Office in Australia launched the Custodian of the Two Holy Mosques’ Iftar Program, distributing meals and 800 copies of the Holy Quran during Ramadan.Canberra, March 11, 2025 – The Ministry of Islamic Affairs, Dawah, and Guidance, through the Dawah Office at the Saudi Embassy in Australia, has launched the Custodian of the Two Holy Mosques’ Iftar Program in Australia, continuing Saudi Arabia’s long-standing tradition of providing humanitarian assistance during the holy month of Ramadan. The program, which aims to offer support to Muslims in Australia, is part of the Kingdom’s broader efforts to foster goodwill and provide…

Oil prices fell for a fourth day on Monday on expectations a Russia-Ukraine peace deal could ease sanctions disrupting supply flows and on concerns that global tariff wars could slow economic growth and weaken energy demand.Leonard Ortiz | Medianews Group | Getty ImagesOil prices fell for a fourth day on Monday on expectations a Russia-Ukraine peace deal could ease sanctions disrupting supply flows and on concerns that global tariff wars could slow economic growth and weaken energy demand.Brent crude futures slid 20 cents, or 0.2%, to $74.59 a barrel by 0112 GMT. Brent has slumped 3.1% in the past four sessions after U.S. President Donald Trump and his…

Investors may want to reduce their exposure to the world’s largest emerging market.Perth Tolle, who’s the founder of Life + Liberty Indexes, warns China’s capitalism model is unsustainable.”I think the thinking used to be that their capitalism would lead to democracy,” she told CNBC’s “ETF Edge” this week. “Economic freedom is a necessary, but not sufficient precondition for personal freedom.”She runs the Freedom 100 Emerging Markets ETF — which is up more than 43% since its first day of trading on May 23, 2019. So far this year, Tolle’s ETF is up 9%, while the iShares China Large-Cap ETF, which tracks the country’s…

RIYADH — The Public Investment Fund (PIF) and SACE, the Italian insurance and financial group fully owned by Italy’s Ministry of Economy and Finance, have signed a memorandum of understanding (MoU) aimed at strengthening their bilateral partnership.Under the agreement, PIF and SACE will collaborate on information-sharing and business expertise, with a particular focus on strategic sectors.The MoU also includes a provision for SACE to consider offering up to an additional $3 billion in financing support for projects led by PIF and its portfolio companies.The signing builds on an existing relationship between PIF and SACE, which has already facilitated financing exceeding…

Dr Soliman Abdel Kader Fakeeh Hospital Company and its Subsidiaries (“Fakeeh Care Group”, “FCG”, “Fakeeh Care”, the “Company” or the “Group”), a leading fully integrated academic healthcare provider listed on TASI (SYMBOL: 4017 and ISIN code SA562GSHUOH7), announced on Wednesday its financial results for the full year ended 31 December 2024 reporting revenues of SR2.8 billion, up by a solid 20% y-o-y. Net Profit for the year reached SR 263.7 million, up 36% y-o-y compared to the adjusted[1] figure of SR 193.8 million in FY-2023, with net profit margin expanding c.110 bps to 9.4% versus an adjusted1 8.3%.Revenue growth during…

More than one billion people from around the world come to TikTok each month to express themselves authentically, be entertained, start and grow a business, or learn a new skill or hobby. STEM-related communities on TikTok have proven to be a massive success, with almost 10 million STEM-themed videos published worldwide in the last three years. From hands-on experiments to coding and engineering tutorials, the platform offers endless opportunities for STEM creators to share their knowledge.Building on TikTok’s role in education and knowledge-sharing, the platform has launched Saudi Arabia’s first-ever dedicated STEM feed, providing high-quality, verified content in Science, Technology,…

Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).This achievement makes SAB the first bank in the Kingdom to receive this prestigious recognition and acknowledges its leading efforts and prominent role in advancing environmental, social, and corporate governance (ESG) practices within the Saudi economy and market.The winners were selected by independent committees composed of a distinguished group of sector experts, carefully chosen by the CFA Society Saudi Arabia and the Middle East Investor Relations Association. Competitors were evaluated according to stringent criteria…

Saudi Gazette reportRIYADH — The Saudi Exchange Company has approved Morgan Stanley Saudi Arabia to conduct Market Making activities on eight listed securities in both the Main Market and Nomu – Parallel Market, effective March 10, 2025.In the Main Market, Morgan Stanley Saudi Arabia will act as a Market Maker for Arabian Internet and Communications Services Co. (7202), Electrical Industries Co. (1303), Elm Co. (7203), and The Company for Cooperative Insurance (8010).The Market Maker obligations for these securities include a minimum presence of orders at 80%, minimum sizes ranging from SR75,000 to SR150,000, and a maximum spread of 0.65%.In the…

Saudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024, down from $121.3 billion in 2023.The company said it expects total dividends for 2025 of $85.4 billion — a significant fall from 2024’s total of $124.2 billion.This comes as it cut its total payout for the fourth quarter. The oil giant said its base dividend for the final three months of the year would be increased to $21.1 billion, but its performance-linked payout would be just $200 million. This compares to a third-quarter base dividend of $20.3 billion and a performance-linked dividend…