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Most major stock markets in the Gulf eased in early trade on Wednesday, but the Dubai index was on course to extend gains from the previous session following an upbeat assessment of its property shares by Morgan Stanley.

Dr. Mohammed Al-Nuwairan has been the chief executive officer of the Saudi National Center for Palms and Dates (NCPD) since April 2016. He heads a number of initiatives aimed at improving the management and efficiency of the sector’s supply chains, from farms to local and international consumers, and is involved in highlighting palm and date-related investment opportunities in areas such as services, technology, and bi-products. Al-Nuwairan and his NCPD team have been working to transform the sector’s digital offering with the launch of electronic platforms covering aspects of the busines...

Bold Prince Holds Tight Grip On Cash Machine Saudi Aramco, The World’s Most Profitable Company Share to Linkedin Staredown: Crown Prince Mohammed bin Salman gives an interview to the official TV channel in Riyadh, Saudi Arabia on April 28, 2021. Anadolu Agency via Getty Images On track for $80 billion in income this year, Saudi Aramco held onto its No. 5 spot in the Global 2000. Shares trade “in their own universe,” as investors show faith in the vision of Crown Prince Mohammed bin Salman Crown Prince Mohammed bin Salman al Saud raised eyebrows when, in an April interview on R...

RIYADH: A digital security firm owned by Saudi Arabia’s Public Investment Fund (PIF) has hired Riyad Capital to advise on a possible IPO, Bloomberg reported. Digital security firm Elm has hired Riyad Capital to advise on the share sale that could value the company at about $2 billion, according to people familiar with the matter. The IPO could see the PIF selling off a stake of up to 30 percent, the people said, asking not to be identified as the information is private. Elm is aiming to complete the sale of shares on the Saudi stock exchange by next year, Bloomberg said.