Reem Walid

Cairo

Freelance Business News Reporter at Arab News

I am always a work in progress

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Articles

Pakistan to unveil Economic Survey 2024-25 on Monday

2 weeks ago | arab.news | Reem Walid |Nirmal Narayanan |Miguel Hadchity |Dayan Abou Tine

Saudi ports post 13% rise in container volume in May: Mawani /node/2603838/business-economy June 08, 2025 14:25 Saudi ports post 13% rise in container volume in May: Mawani Imported containers rose 15.84% from a year earlier to 292,223 TEUs Exported volumes increased 9.38% to 279,318 TEUs RIYADH: Saudi Arabia’s seaports handled 720,684 twenty-foot equivalent units in May, a 13 percent year-on-year jump, driven by growth in imports, exports, and transshipment activity, official figures showed....
Saudi ports post 13% rise in container volume in May: Mawani

2 weeks ago | arabnews.com | Reem Walid

RIYADH: Saudi Arabia’s seaports handled 720,684 twenty-foot equivalent units in May, a 13 percent year-on-year jump, driven by growth in imports, exports, and transshipment activity, official figures showed.
Muscat Stock Exchange cap tops $72.8bn after index climbs for 5th week

2 weeks ago | arabnews.com | Reem Walid

RIYADH: The Muscat Stock Exchange extended its rally for a fifth consecutive week, with market capitalization rising to 28 billion Omani rials ($72.8 billion) in the week ending June 7. Driven by gains in key services and industrial stocks, the benchmark MSX index rose 17 points to close at 4,578, reflecting improved investor sentiment and increased activity across sectors, the Oman News Agency reported. The bourse recorded a weekly market capitalization gain of 79.3 million rials.
Saudi Arabia leads bold transformation to tackle water scarcity

3 weeks ago | arabnews.com | Reem Walid

RIYADH: Saudi Arabia is confronting one of the world’s most urgent environmental challenges: water scarcity. Faced with limited natural freshwater resources and a rapidly expanding population, the Kingdom is taking decisive steps to secure water availability for future generations. Central to this ambitious transformation is a strategic focus on the “Three As” of water management: availability, accessibility, and affordability.
Saudi EXIM Bank targets African markets with 4 new MoUs

1 month ago | arabnews.com | Reem Walid

RIYADH: Saudi Arabia is accelerating the expansion of its non-oil exports into African markets, with the Saudi Export-Import Bank securing four new strategic agreements to strengthen trade and investment ties across the continent. Saudi Export-Import Bank CEO Saad bin Abdulaziz Al-Khalb signed memoranda of understanding with Africa50, the Ghana Export-Import Bank, Blend International Limited, and Guinea’s Ministry of Planning and International Cooperation, the Saudi Press Agency reported.
Closing Bell: Saudi main index rises to close at 11,052

1 month ago | arabnews.com | Reem Walid

RIYADH: Saudi Arabia’s Tadawul All Share Index advanced on Wednesday, closing higher by 127.58 points, or 1.17 percent, to reach 11,052.76, reflecting broad market optimism. Trading activity remained robust, with a total turnover of SR4.57 billion ($1.21 billion). Of the listed stocks, 202 posted gains while 44 declined. The Kingdom’s parallel market, Nomu, also recorded gains, rising 340.91 points, or 1.28 percent, to close at 26,932.95.
PIF’s HUMAIN to launch $10bn AI fund in global tech push

1 month ago | arabnews.com | Reem Walid

RIYADH: HUMAIN, Saudi Arabia’s artificial intelligence startup backed by the Public Investment Fund, is set to launch a $10 billion venture capital fund this summer as part of the Kingdom’s ambitious push to become a global AI hub, the company’s CEO has revealed.
Saudi Arabia increases wage support to 50% for tourism sector jobs

1 month ago | arabnews.com | Reem Walid

RIYADH: Saudi Arabia has raised wage subsidies for local workers in the tourism sector from 30 percent to 50 percent, in a strategic push to expand employment opportunities for Saudi nationals and reduce reliance on foreign labor. The initiative, part of the Employment Support Program by the Human Resources Development Fund, was unveiled by the Ministry of Tourism in coordination with other government agencies.
Kuwaiti lenders Warba, Gulf Bank explore merger to boost competitiveness

1 month ago | arabnews.com | Reem Walid

RIYADH: Kuwait’s Warba Bank and Gulf Bank have entered discussions to explore a potential merger as part of a strategy to enhance long-term growth and competitiveness in the local Islamic banking sector. The two lenders announced the move in separate disclosures to Boursa Kuwait on May 26, prompting a temporary one-hour suspension of trading in both banks’ shares in line with capital markets regulations.
Closing Bell: Saudi main index slips to close at 10,999

1 month ago | arabnews.com | Reem Walid

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, falling 118.96 points, or 1.69 percent, to close at 10,999.78. The total trading turnover of the benchmark index stood at SR3.44 billion ($917 million), with 41 stocks advancing and 203 declining. Similarly, the Kingdom’s parallel market Nomu dropped 242.96 points, or 0.89 percent, to close at 27,017.77. A total of 32 listed stocks advanced, while 56 retreated.