logo
Fashion Commission Hosts Virtual Session on Promoting Saudi Talent on Global Stage

Fashion Commission Hosts Virtual Session on Promoting Saudi Talent on Global Stage

Asharq Al-Awsat31-07-2025
The Fashion Commission organized a dialogue session focused on the harmony between local crafts and global markets, highlighting the success of Saudi fashion designers on the international stage.
The session covered several key topics, including the experiences of Saudi designers at international forums, the challenges they encountered and how they successfully leveraged local identity within the global fashion industry.
It is part of the commission's efforts to build bridges between local talent and international opportunities and deepen Saudi designers' understanding of global market demands, ultimately helping to showcase Saudi creativity on prominent fashion platforms worldwide.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

MBC CEO granted Saudi premium residency
MBC CEO granted Saudi premium residency

Arab News

timean hour ago

  • Arab News

MBC CEO granted Saudi premium residency

RIYADH: The CEO of Riyadh-headquartered broadcaster MBC Group Mike Sneesby has been granted premium residency in Saudi Arabia. Sneesby said in a post on X that he feels 'immense pride in obtaining the premium residency in this country I have come to love, and have chosen to make my home since moving from Australia.' The executive took the helm at the Saudi media group earlier this year after serving as CEO of Nine Entertainment. The premium residency was launched in 2019 and allows eligible foreigners to live in the Kingdom and receive benefits such as exemption from paying expat and dependents fees, visa-free international travel, and the right to own real estate and run a business without requiring a sponsor.

Closing Bell: Saudi main index closes in red at 10,930
Closing Bell: Saudi main index closes in red at 10,930

Arab News

time2 hours ago

  • Arab News

Closing Bell: Saudi main index closes in red at 10,930

RIYADH: Saudi Arabia's Tadawul All Share Index declined on Thursday, losing 16.44 points, or 0.15 percent, to close at 10,930.30. The total trading turnover of the benchmark index stood at SR4.53 billion ($1.209 billion), with 120 listed stocks advancing and 128 declining. The Kingdom's parallel market Nomu dropped by 60.93 points to close at 26,648.71. The MSCI Tadawul Index also decreased, falling 0.24 percent to reach 1,406.76. The top performer on the main market was Bawan Co., whose share price rose 9.94 percent to SR58.60. The share price of Banan Real Estate Co. also rose 9.73 percent to SR4.96. Al Sagr Cooperative Insurance Co. saw its stock price increase by 5.76 percent to SR13.22. Abdullah Saad Mohammed Abo Moati for Bookstores Co. witnessed a drop in its share price by 4.83 percent to SR39.78. In corporate announcements, Saudi Arabian Mining Co., known as Ma'aden, recorded a net profit of SR1.92 billion in the second quarter of the year, up 87.7 percent from SR1.02 billion in the same quarter of 2024. The company attributed the sharp rise in quarterly profit to an SR1.34 billion increase in gross profit, driven by higher sales prices and volumes across the phosphate, aluminum, and gold business units. Additional contributors included improved earnings from joint ventures and associates, reduced finance costs, and lower zakat, tax, and severance expenses. National Gas and Industrialization Co. reported revenues of SR1.57 billion for the first half of 2025, marking a 16.9 percent rise from SR1.35 billion in the same period last year. The revenue increase was largely driven by a SR227 million rise in gas sales, due to higher gas prices and volumes, according to the company's financial report. Additional boosts came from increased sales of empty cylinders by SR6.5 million and other services by SR8.9 million. This came despite a SR14.4 million decline in commercial project revenues. National Gas and Industrialization Co.'s share price climbed 0.92 percent to SR76.7. Obeikan Glass Co. posted a net profit of SR10.86 million in the second quarter, reflecting a 4.1 percent decline from SR11.33 million in the same period last year. The company attributed the annual decline in net profit to a rise in raw material costs, which weighed on profitability despite higher selling prices. Obeikan Glass Co.'s share price rose 0.44 percent to SR31.66. Al Hammadi Holding reported a net profit of SR61.96 million in the second quarter, marking a 47.4 percent decline from SR117.87 million in the same quarter of 2024. The company attributed the year-on-year drop in net profit to a one-off SR55.27 million gain realized in the second quarter of last year from the sale of a vacant land plot in Riyadh's Al-Rayyan district. Al Hammadi Holding's share price fell 4.44 percent to SR34.88. Savola Group reported a net profit of SR105.7 million in the second quarter, down 21.9 percent from SR135.4 million in the same period last year. The firm attributed the year-on-year decline in reported net profit primarily to the absence of a SR210.8 million share of profit from its previously distributed investment in Almarai and SR23.1 million in discontinued operations, which were recorded in the same period last year. Savola Group's share price decreased by 1.77 percent to SR24.4.

Saudi stock market may open to global investors, regulator says
Saudi stock market may open to global investors, regulator says

Saudi Gazette

time2 hours ago

  • Saudi Gazette

Saudi stock market may open to global investors, regulator says

Saudi Gazette report RIYADH — Saudi Arabia's Capital Market Authority (CMA) is currently studying the feasibility of opening the Saudi stock market to all investors worldwide, according to a statement given to Bloomberg. The CMA said that the recent move to allow residents of Gulf Cooperation Council (GCC) countries to trade directly in the Saudi market was a 'logical and natural' step, citing strong economic, social, and regulatory ties across the region. Notably, these residents will remain eligible to trade even if they relocate outside the Gulf. The move comes amid broader efforts by the Kingdom to liberalize its financial markets, attract global investors, and diversify sources of capital. Foreign investors from outside the GCC accounted for a record 35% of Saudi equity purchases during the second quarter of 2025, according to Bloomberg Intelligence. Saudi Arabia has ramped up its push to attract high-frequency trading firms, broadened the diversity of its IPO pipeline, and relaxed some restrictions for foreign participation in the equity market. In July, Saudi-listed shares on the Tadawul All Share Index (TASI) were trading at a 32% discount compared to stocks on the MSCI All Country World Index (ACWI), based on forward price-to-earnings ratios.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store