Nour El-Shaeri

Cairo

Business Reporter at Arab News

Tech Journalist - Startups and VC beat | Founder @GATEIT

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Articles

Pakistan’s finance chief seeks deeper US trade ties, welcomes reform efforts at global lenders

1 day ago | arab.news | Nirmal Narayanan |Nour El-Shaeri |Nadin Hassan |Mohammed Al-Kinani

Saudi Arabia raises $990m through April sukuk issuance /node/2598025/business-economy April 22, 2025 18:39 Saudi Arabia raises $990m through April sukuk issuance RIYADH: Saudi Arabia’s National Debt Management Center raised SR3.71 billion ($990 million) through its riyal-denominated sukuk issuance for April, reflecting a 40.5 percent increase compared to the previous month, according to an official statement.
Over 40 Indian firms have established regional HQs in Saudi Arabia, official reveals

2 days ago | arabnews.com | Nour El-Shaeri

RIYADH: More than 40 Indian companies have established headquarters in Saudi Arabia, with additional facilities in the defense sector expected in the near future, according to a top official. Abdulaziz Al-Qahtani, chairman of the Saudi-Indian Business Council, made the comments as Indian Prime Minister Narendra Modi arrived in Jeddah on Tuesday for a two-day visit. He is expected to meet with Crown Prince and Prime Minister Mohammed bin Salman during the trip.
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore

2 days ago | arabnews.com | Nour El-Shaeri

RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds across emerging markets after it secured $391 million in the first quarter of 2025. The 53 percent year-on-year rise helped propel the Kingdom to becoming the highest-performing country across the Middle East, Africa, Pakistan, Turkiye, and Southeast Asia in terms of total funding during the three-month period, as revealed in the latest analysis by venture data platform MAGNiTT.
Pakistan reassures IMF it will stay reform course on sidelines of IMF-World Bank meetings

2 days ago | arab.news | Nour El-Shaeri |Mohammed Al-Kinani |Reem Walid |Saima Shabbir

PepsiCo opens regional headquarters in Riyadh, unveils $8m R&D center /node/2597901/business-economy April 21, 2025 18:55 PepsiCo opens regional headquarters in Riyadh, unveils $8m R&D center RIYADH: Global beverage giant PepsiCo has opened its new Middle East regional headquarters in Riyadh’s King Abdullah Financial District, reinforcing the company’s long-term commitment to the region. Spanning 2,800 sq.
PepsiCo opens regional headquarters in Riyadh, unveils $8m R&D center

3 days ago | arabnews.pk | Nour El-Shaeri

RIYADH: Saudi Arabia is poised to play a key role in propelling the growth of the global Islamic finance industry in 2025, underpinned by non-oil economic expansion and robust sukuk issuance, according to a new analysis. The Kingdom’s banking system growth, supported by Vision 2030 initiatives, is expected to contribute significantly to the expansion of Islamic banking assets next year, S&P Global Ratings said in its latest outlook report.
PepsiCo opens regional headquarters in Riyadh, unveils $8m R&D center

3 days ago | arabnews.com | Nour El-Shaeri

RIYADH: Global beverage giant PepsiCo has opened its new Middle East regional headquarters in Riyadh’s King Abdullah Financial District, reinforcing the company’s long-term commitment to the region. Spanning 2,800 sq. m, the state-of-the-art facility will accommodate more than 150 employees and serve as a central hub for PepsiCo’s operations across the Middle East.
Closing Bell: Saudi indices end day in the red

3 days ago | arabnews.com | Nour El-Shaeri

RIYADH: Saudi Arabia’s stock market closed lower on Monday, with the Tadawul All Share Index falling 77.94 points, or 0.67 percent, to end the session at 11,548.66. Total trading turnover stood at SR3.5 billion ($953.3 million), as 45 stocks advanced while 195 declined. The Kingdom’s parallel market, Nomu, also closed in the red, shedding 340.41 points, or 1.17 percent, to finish at 28,637.78. Of the listed stocks, 29 rose while 44 declined.
Al Qaeda affiliate says it killed 70 soldiers in Benin, SITE reports

4 days ago | arabnews.com | Nour El-Shaeri

COTONOU: Al Qaeda affiliate JNIM said it killed 70 soldiers in raids on two military posts in north Benin, the biggest death count claimed by jihadists in the country in over a decade of activity in West Africa, the SITE Intelligence Group said on Saturday. The West African state and its coastal neighbor Togo have suffered a series of attacks in recent years as groups linked to Islamic State and Al-Qaeda have expanded their presence beyond the Sahel region to the north.
US tariff escalation puts $22bn of Arab exports at risk, says ESCWA report

4 days ago | arabnews.com | Nour El-Shaeri

RIYADH: Arab countries could see up to $22 billion in non-oil exports affected by sweeping new US tariffs, with six economies facing the most direct disruption, according to a new analysis. A report by the UN Economic and Social Commission for Western Asia said the measures, imposed on April 2, include a blanket 10 percent tariff on nearly all imports, with rates climbing as high as 42 percent for countries with trade surpluses.
MENA startup funding drops 76% in March amid pressures

5 days ago | arabnews.pk | Nour El-Shaeri

RIYADH: Startup investment in the Middle East and North Africa region fell sharply in March, with total funding declining 76 percent month on month to $127.5 million across 28 deals, down from $530 million in February. The decline — observed even after excluding debt financing from both months — reflects broader economic uncertainty stemming from ongoing US trade tensions with global partners.