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Stake

PIF Sells Part of Masar Stake, Expands Investor Base and Boosts Market Confidence

Prime Highlights Saudi Arabia’s Public Investment Fund (PIF) sold a portion of its Masar shares, raising over SR950 million and attracting strong demand from institutional

AI Data Centers

South Korea Joins UAE in Major Push to Build World-Leading AI Data Centers

Prime Highlights South Korea and the UAE have signed a major strategic agreement to work together on the large-scale Stargate data center project. The partnership

Mastiska Secures $10M to Boost UAE’s Sovereign Chip Ambitions

Mastiska Secures $10M to Boost UAE’s Sovereign Chip Ambitions

Prime Highlights Mastiska has raised $10 million in seed funding to build advanced chips in the UAE. The startup aims to support countries seeking secure,

Saudi Investment Surge Boosts Egypt as Trade Balance Hits Five-Year High

Saudi Investment Surge Boosts Egypt as Trade Balance Hits Five-Year High

Prime Highlights Saudi investments in Egypt increased in 2024, reaching $25.74 billion across nearly 9,000 companies. Trade between the two countries strengthened, with Egypt reducing

Saudi POS Spending Stays Strong Above $3 Billion as Digital Payments Grow

Saudi POS Spending Stays Strong Above $3 Billion as Digital Payments Grow

Prime Highlights Saudi Arabia’s weekly POS spending remained strong at over $3 billion despite a slight decrease compared to the previous week. Growth in digital

Saudi Arabia’s Mining Industry Attracts Global Investors as Exploration Zones Expand

Saudi Arabia’s Mining Industry Attracts Global Investors as Exploration Zones Expand

Prime Highlights Four major consortia have won exploration licenses in Saudi Arabia’s eighth mining round, marking a major step in expanding the Kingdom’s mineralized belts.

Elon Musk’s xAI Becomes First Customer of Saudi Arabia’s Massive Nvidia-Backed Data Center

Elon Musk’s xAI Becomes First Customer of Saudi Arabia’s Massive Nvidia-Backed Data Center

Prime Highlights: Elon Musk’s AI startup, xAI, will be the first client of a new data center in Saudi Arabia powered by hundreds of thousands

Barbados Expands Global Partnerships to Attract Investment and Drive Green Growth

Barbados Expands Global Partnerships to Attract Investment and Drive Green Growth

Prime Highlights: Barbados is expanding its diplomatic and economic partnerships across Africa, the Middle East, and Asia to attract global investment. UK and European companies

Saudi Arabia Emerges as Top Investment Destination for UAE-Based International Businesses

Saudi Arabia Emerges as Top Investment Destination for UAE-Based International Businesses

Prime Highlights Nine out of ten UAE-based international businesses plan to invest in Saudi Arabia over the next five years, showing strong confidence in the

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