Advertisement
Singapore markets close in 46 minutes
  • Straits Times Index

    3,298.25
    +7.55 (+0.23%)
     
  • Nikkei

    38,179.46
    -49.65 (-0.13%)
     
  • Hang Seng

    19,106.85
    +143.17 (+0.75%)
     
  • FTSE 100

    8,443.60
    +9.84 (+0.12%)
     
  • Bitcoin USD

    62,481.85
    +1,636.67 (+2.69%)
     
  • CMC Crypto 200

    1,284.65
    +24.44 (+1.94%)
     
  • S&P 500

    5,222.68
    +94.89 (+1.85%)
     
  • Dow

    39,512.84
    +837.14 (+2.16%)
     
  • Nasdaq

    16,340.87
    +184.57 (+1.14%)
     
  • Gold

    2,355.50
    -19.50 (-0.82%)
     
  • Crude Oil

    78.47
    +0.21 (+0.27%)
     
  • 10-Yr Bond

    4.5040
    +0.0040 (+0.09%)
     
  • FTSE Bursa Malaysia

    1,603.60
    +2.93 (+0.18%)
     
  • Jakarta Composite Index

    7,092.46
    +3.67 (+0.05%)
     
  • PSE Index

    6,604.25
    +92.32 (+1.42%)
     

Saudi Arabia agrees to set up venture capital funds worth $400 million: Al Arabiya

Saudi currency, riyal, is seen at a local currency exchange in Manama, Bahrain October 16, 2018. REUTERS/ Hamad I Mohammed/Files (Reuters)

DUBAI (Reuters) - Agreements have been signed to set up venture capital funds in Saudi Arabia worth 1.5 billion riyals ($400 million), the governor of the Small and Medium Enterprises General Authority told Al Arabiya TV on Wednesday.

Those funds will be used to grant loans and for capital investments, Saleh Al Rasheed said at a finance conference in Riyadh.

(Reporting by Asma Alsharif, Writing by Nafisa Eltahir, Editing by Catherine Evans)