Saudi Arabia and the world
Tuesday, Nov 30, 2021
The World in the Heart of the Kingdom
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Saudi investment funds' assets hit $140bln in Q3-21
Mubasher: The total value of assets held by Saudi Arabia's investment funds jumped by 26.45% year-on-year (YoY) to SAR 526.1 billion in the third quarter (Q3) of 2021 from SAR 416.06 billion.
The market capital accounted for 60.48% of the public funds' assets with SAR 145.02 billion in Q3-21.
Meanwhile, the assets of the Kingdom's private funds amounted to SAR 286.3 billion in Q3-21, up from SAR 219.99 billion in the corresponding quarter of 2020.
Equities represented 59.45% of the private funds' total assets with SAR 170.21 billion.
Living robots made from frog cells can replicate themselves in a dish
Swarms of tiny living robots can self-replicate in a dish by pushing other cells together. The xenobots – made from frog cells – are the first multicellular organisms found to r...
Moderna chief predicts existing vaccines will struggle with Omicron
The chief executive of Moderna has predicted that existing vaccines will be much less effective at tackling Omicron than earlier strains of coronavirus and warned it would take ...
Elite Chinese school offers country’s first quantum tech PhD programme
The University of Science and Technology of China’s new programme reflects the government’s focus to increase the number of quantum tech researchers in the country.
Saudi Aramco awards contracts worth $10 billion for gas project in Jafurah field
Saudi Arabia's state oil and gas company Saudi Aramco has awarded contracts worth $10 billion to develop the Jafurah gas field, the largest unconventional non-associated gas fie...
South Korea boosts laws after hacker leaks nude videos from smart home devices
Hundreds of apartment buildings across the country were targeted, with compromising footage of residents’ private lives sold on the dark web for bitcoin.
Saudi British Bank Unveils Trade Finance Tool
Saudi British Bank (SABB) has unveiled a Shariah-complaint supply chain finance tool, billed as the first of its kind in Saudi Arabia.
Everything You Need to Know: Limewash Paint - A Beginner's Guide + DIY Tutorial for Interior Walls
A beginner’s guide to Limewash for Interiors.
Saudi Fund for Development signs two agreements with Pakistan worth $4.2 billion
The Saudi Fund for Development on Monday signed two agreements worth $4.2 billion with Pakistan. The deals aim to support the Pakistani economy.
Crypto named Omicron spikes and outperforms Bitcoin amid variant fears
The token came into existence in November and appears to have risen for no other reason than the newly-named COVID strain.
Saudi Arabia denounces Israeli president’s visit to West Bank holy site
Saudi Arabia denounced the visit of Israel’s president to Ibrahimi mosque in the West Bank, calling the act a flagrant violation of its sanctity.
COVID-19, UK: Not our job to enforce mask rules, retailers tell government
Industry bodies fear staff could be placed in harm's way if asked to police renewed rules on face covering and say enforcement should remain the job of the authorities.
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