IFC

Saudi Arabia’s PIF acquires shares in Alphabet, Zoom Video and Microsoft

Saudi Arabia’s Public Investment Fund bought shares in Alphabet, Zoom Video and Microsoft as part of a wider pick of US stocks, bringing the sovereign wealth fund’s second-quarter investments to about $40.8 billion, Arab Finance reports. A filing from US Securities and Exchange Commission indicated that PIF acquired 213,000 class A shares in Alphabet; 4.7 […]

KSA: Riyadh cementing role as Arabian superpower

Saudi Arabia’s actions in Yemen could be seen as a move to secure its perimeter as well as discourage Iran from meddling into the affairs of Arab States as extremist groups continue to threaten the security of countries in the region. Riyadh’s capability to mobilize a coalition of Arab countries against the Houthi Movement in […]

H&M, Starbucks to stay in Morocco

Kuwait’s Al Shaya group which operates Swedish ready-to-wear stores H&M and US brand café chain Starbucks in the MENA region and in Europe said it maintains business in Morocco, denying news reports that it was going to phase out from the country. Last week, Maroc Hebdo weekly said the Kuwaiti group will withdraw the two […]