Alkhair Capital among the top 10 financial companies in the kingdom with assets of $3.6 billion
Saudi Arabia aims for $3.3 trillion in cumulative investment by 2030, says deputy minister RIYADH: Saudi Arabia has enacted more than 600 economic reforms since the launch of the Vision 2030 plan to attract SR 12.4 trillion ($3.3 trillion) in cumulative investment and SR 1.8 trillion in foreign inflows. foreign direct investment between 2021 and 2030 as part of the National Investment Strategy, said a deputy minister of the investment ministry. Speaking to Arab News, Saad Al-Shahrani, the Acting Deputy Minister of Investment Promotion at Saudi Arabia’s Ministry of Investment, said the Kingdom achieved an 18% increase in foreign direct…
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Seymour’s financial advisor attends the workshop
spring A Seymour financial advisor recently completed his six-month training with Ed Slott and Co. LLC participating in a workshop on May 12 and 13. Galen D. Krumme with JCB Investment Services participated in the invitation-only workshop, which provided technical training on advanced retirement account planning strategies, tax law changes and estate planning techniques. “Retirement planning laws and regulations are constantly changing, and now, with conversations about the so-called SECURE 2.0 Act opening up in Congress, we can anticipate even more changes in the near future,” Krumme said in a press release The workshop included a look at the recently…
Read More »ASUW Finance and Budget Committee Meets, Looks Ahead to Next Year | news
On August 3, the ASUW Interim Finance and Budget Committee met for the first time for the 2022-23 academic year. Chaired by Director of Finance and Budget Mitchell Klein, ASUW President Timothy Billing and Vice President Lillian Williamson were also in attendance, as was the Associate Director of the Office of Student Activities and ASUW Counselor , Rene Singleton. Allusions were made during the meeting last year’s turmoil between the board of directors. This year’s board, including Billing and Williamson, largely operated with one stability platform and changes within the organization. Throughout the nearly hour-long meeting, one of the committee’s…
Read More »Kewsong Lee, head of Carlyle, resigns
Carlyle CEO Kewsong Lee is leaving the private equity firm as it struggles to expand and its stock lags. Carlyle said late Sunday after The Wall Street Journal inquired about the matter that Lee will immediately step down as CEO and leave the company when his five-year employment contract ends later this year. William Conway, the company’s co-founder and former CEO, will serve as interim chief executive until a permanent successor is found. The Washington, D.C.-based firm’s stock has lagged its publicly traded peers since its initial public offering in 2012. Carlyle was slow to branch out beyond the volatile…
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Sensex Today: Live Stock Updates: Sensex up 400 points, Nifty crosses 17,500; defensive bleeding, gain of private lenders; India VIX up 3%
Sensex Today Live: Indian stocks recovered from early losses on Monday as falling oil prices and strengthening auto stocks boosted investor sentiment. “Crude price remains below 95 and foreign investors buying Indian stocks last week are mainly the two factors that keep us positive,” said Neeraj Dewan, director at Quantum Securities. Foreign investors have poured $1.79 billion into Indian stocks so far this month, according to data from Refinitiv. Meanwhile, oil prices were near multi-month lows on Monday as data pointed to a slow recovery in China’s July crude imports. India, the world’s third largest oil importer, is benefiting from…
Read More »Indices: Stock market update: Nifty Bank index advances 0.4% on upbeat market
NEW DELHI: The Nifty Bank index was trading positive around 10:25 (IST) on Monday in an upbeat market. IDFCBANK (+2.53%), IndusInd Bank (+1.84%), HDFC Bank (+1.61%), Bank of Baroda (+1.06%) and Axis Bank (+0.99%) are found among the main benefits. State Bank of India (down 2.37%), AU Small Finance Bank (down 0.47%) and ICICI Bank (down 0.19%) were the top index losers. The Nifty Bank index was up 0.4% at 38070.75 at the time of writing. The benchmark NSE Nifty50 rose 45.45 points to 17442.95, while the BSE Sensex rose 200.84 points to 58588.77. Among the 50 stocks in the…
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Gustavo Petro was sworn in as president of Colombia in a historic ceremony
Gustavo Petro, a former urban guerrilla who was jailed for his political beliefs in the 1980s, was sworn in as Colombia’s president on Sunday at the head of what is likely to be the most left-wing government in the country’s history. In a ceremony rich in symbolism, Petro, 62, took the presidential oath in Bogotá’s Bolivar Square, in front of Congress and in front of the Palace of Justice. In 1985, while Petro was in prison, the urban guerrilla to which he belonged stormed the palace. About 100 people died when the army tried to retake it. In his speech,…
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What to know this week
A series of inflation reports due out this week could make or break the market’s summer momentum. Investors will get the latest gauge of how fast prices are rising in the US economy from three releases in the coming days: PPI, CPI and unit labor costs. The readings are expected to influence how Federal Reserve officials proceed with the rate hike cycle and will be closely watched after Friday’s monster jobs report suggested more aggressive hikes may be warranted by slow down the economy The U.S. economy added 528,000 jobs in July, according to the Labor Department, more than double…
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