Saudi Arabia is set to launch over 24 initial public offerings (IPOs) by 2023 in a bid to boost the economy and create financing channels for emerging sectors. The Capital Market Authority (CMA) has issued a report outlining its plans to increase foreign investors’ ownership of the market to 16.5% by the end of 2023. The CMA also aims to increase institutional investment in the capital market and raise the percentage of assets under management to gross domestic product to 27.4% by the end of this year. The CMA will also develop and regulate the securities service providers sector, while encouraging innovative business models and emerging technologies.
Monday, May 22, 2023
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Lebanese Feminists Protest Harassment of Woman in Swimsuit
Incident renews debate about modesty and women in public spaces under the hashtag #Sidon.
“Israeli Forces Kill 3 Palestinians in West Bank, Says Palestinian Ministry”
JERUSALEM: Three Palestinian fighters were killed in an overnight Israeli army raid in the occupied West Bank, according to Palestinian sources.
In a statement Monday, the Palestinian health ministry identified the three men killed in the Balata refugee camp in Nablus as Muhammad Abu Zaytoun (32), Fathi Abu Rizk (30) and Abdullah Abu Hamdan (24).
The Israeli army did not immediately comment when contacted by AFP.
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Vinicius Junior accuses Spanish league of racism after facing more abuse
MADRID: Vinícius Júnior was subjected to racist abuse yet again on Sunday with the Brazil star saying the Spanish league “now belongs to racists.”
The latest abuse against Vinícius came in Real Madrid’s 1-0 loss at Valencia, a match that had to be temporarily stopped after the Brazil forward said he was insulted by a fan behind one of the goals at Mestalla Stadium.
Sudan ceasefire raises hope for relief in Khartoum.
Jeddah agreement includes monitoring mechanism
War has caused nearly 1.1 million to flee
KHARTOUM: Air strikes and clashes between Sudan’s warring factions could be heard in the capital Khartoum on Sunday, residents said, after a Saudi and US-brokered deal for a week-long cease-fire raised hopes of a pause in the five-week conflict.
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“FTSE Russell Includes 5 Saudi Companies in Indices”
RIYADH: FTSE Russell has added five Saudi companies to its indices, it announced in its quarterly review.
It is a leading global index provider of benchmarks, analytics, and data solutions.
Saudi firms Luberef, Arabian Drilling, and Marafiq have been added to FTSE Mid Cap Index and FTSE Global Equity Index. While Alsaif Gallery and 2P have become part of the FTSE Global Microcap Index Series and Global Equity Index All-Cap Index.
Oil giants in the Gulf partner with start-ups for carbon capture
ABU DHABI: Faced with mounting pressure over planet-heating pollution, Gulf Arab energy giants are turning to humble tech start-ups as they search for ways to remove emissions while keeping oil flowing.
Oil producers have for years touted capturing carbon before it goes into the atmosphere as a potential global warming solution, against criticism from climate experts who say it risks distracting from the urgent goal of slashing fossil fuel pollution.
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