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Standard Chartered, in collaboration with Falak Investment Hub, has launched the third cohort of its ‘Women in Tech’ accelerator in Saudi Arabia, inviting applications from women-led tech startups until June 27, 2025. The program, themed “Innovate. Lead. Inspire,” offers mentorship, funding, and market access, with a total of USD 45,000 in equity-free grants for the top three startups. This initiative supports the Kingdom's vision for enhancing female participation in entrepreneurship and tech leadership, commencing in early July.
Yasir Al-Rumayyan, Governor of Saudi Arabia’s Public Investment Fund, criticized the EU's upcoming sustainability regulations as "outrageous," warning they could deter global investment and lead to disinvestment from Europe. He highlighted a recent regulatory change in Switzerland that negatively impacted PIF's investment in Credit Suisse, emphasizing the need for a stable and predictable business environment to maintain and grow investments in the region. Despite these concerns, PIF has invested $85 billion in the EU since 2017, aiming to double that by 2030.
German second-line stocks lead with a 20.62% increase, followed by commodity stocks at 10.11% and automotive sectors at 6.96%. In banking, Goldman Sachs and UBS show strong performance, with year-to-date gains of 79.8% for Societe Generale, while Sberbank faces a significant decline of 67.53%. The average performance of BSN-Group Banks stands at 23.19%.
Bernard Mensah, a Ghanaian banker, serves as the President of International for Bank of America and CEO of Merrill Lynch International. Recently, he was part of President Trump's delegation during a visit to the Middle East, where he engaged in discussions with leaders including Saudi Crown Prince Mohammed bin Salman. Mensah, a chartered accountant with a BA from the University of Bristol, has held significant roles at Goldman Sachs and is actively involved in various philanthropic initiatives, including the Kofi Annan Foundation.
Cisco Systems' executive vice president now owns 191,184 shares valued at approximately $11.6 million after a recent sale, which decreased their position by 1.07%. Over the past 90 days, insiders sold 14,635 shares, while institutional investors hold 73.33% of the stock. Analysts have raised Cisco's price target to $73.00, suggesting a potential upside of 14.74%. The company reported earnings of $0.96 per share, exceeding estimates, and announced a $15 billion share repurchase plan, indicating management's belief in the stock's undervaluation.
Canada Goose Holdings Inc. (NYSE:GOOS) saw significant changes in institutional ownership, with Barclays PLC reducing its stake by 90.1% in the last quarter. Analysts currently rate the stock as "Hold," with a consensus price target of $10.20, while shares opened at $9.10, reflecting a 1.0% decline. The company, which specializes in luxury apparel, operates through Direct-to-Consumer, Wholesale, and Other segments across various global markets.
Seagate Technology's stock rating has been upgraded to Neutral by BNP Paribas Exane, with a price target raised to $100 from $65, following a strong 12.25% gain in the past week. Analysts have increased earnings expectations, reflecting confidence in the HDD market, driven by long-term commitments from hyperscale companies. Despite the upgrade, Exane analyst Karl Ackerman prefers Western Digital due to its lower P/E ratio, setting a target price of $62.
Barclays has raised its price target for AMD following a significant deal in Saudi Arabia. This adjustment reflects the bank's positive outlook on AMD's prospects in light of the recent developments.
UBS has maintained a Neutral rating on Cisco Systems with a price target of €70, as the company reported strong fiscal Q3 results, exceeding expectations in revenue and EPS. Cisco's AI-related orders surpassed €1 billion, and its guidance for Q4 also exceeded forecasts. Analysts from Citi, Evercore ISI, and JPMorgan have raised their price targets, reflecting confidence in Cisco's growth, particularly in AI and networking, while the company announced a leadership transition with the retirement of its CFO.
Neuralink, Elon Musk's brain-computer interface company, is launching its first clinical trial outside the US in Abu Dhabi, partnering with the Cleveland Clinic. The UAE-Prime trial will explore how individuals with motor and speech impairments can use thought to control devices and communicate. This announcement coincided with President Trump's visit to the Gulf, where he is focused on securing $1 trillion in investments.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Standard Chartered and Falak launch third women in tech accelerator in Saudi Arabia
16:36 18.05.2025
PIF chief criticizes EU sustainability rules as risk to investment stability
16:25 18.05.2025
performance trends in global stocks and banking sector analysis
DEUTSCHE BANK AG
The Goldman Sachs Group, Inc.
COMMERZBANK AG
Aareal Bank AG
American Express Bank, FSB. BANK
DenizBank AG
ZMB
SGP
BEL
CHE
CAN
ZAF
PRI
HUN
PAK
KNA
TZA
SWE
ITA
KOR
NLD
POL
VGB
TTO
DEU
SAU
GRD
FIN
RUS
REU
MYS
ESP
ZWE
MAR
CHN
NGA
UGA
USA
BRB
AUT
HKG
MUS
COM
ISR
PRT
BHS
DNK
NAM
PHL
VNM
TWN
IRL
GBR
ARG
NZL
ATG
NOR
EGY
IND
BWA
MEX
LCA
CYM
CZE
MDG
TUN
DMA
TUR
AUS
FRA
ETH
DZA
JPN
IDN
LBY
SYC
BRA
KEN
VCT
THA
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13:22 17.05.2025
Bernard Mensah leads Bank of America's international operations and global strategy
Bank of America Corp.
GHA
SAU
JPN
GBR
HKG
USA
QAT
Donald Trump
Mohammed bin Salman Al Saud
Bernard Mensah
Herbert Mensah
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12:52 17.05.2025
cisco systems insider trading and institutional investment activity reported
Cisco Systems Inc. 401(k) Plan
TLS
GEO
SGP
BEL
URY
LSO
AND
TGO
GMB
SUR
HUN
TJK
KNA
MHL
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GNQ
SVK
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BHR
CUB
POL
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HTI
SAU
EST
CPV
SYR
GRD
BLM
SRB
AZE
GHA
REU
UZB
KIR
ESP
JOR
AIA
PER
SWZ
PSE
WLF
LUX
USA
WSM
BRB
BRN
ISR
PRT
STP
MAC
HRV
PLW
KGZ
PHL
DOM
ROU
TWN
PRY
BDI
IRN
MNP
NOR
EGY
GRC
PNG
MYT
MKD
BEN
TUN
DMA
LTU
ETH
DZA
JPN
IDN
ARM
VCT
KAZ
THA
FSM
MNG
ZMB
TUV
CHE
CHL
ZAF
PRI
ISL
CMR
ITA
KOR
AGO
NCL
COL
NLD
VGB
NIU
TTO
DEU
JAM
GUY
MSR
FIN
MNE
RUS
LVA
SVN
QAT
MYS
ZWE
MAR
TON
CHN
ALB
NGA
UGA
SLE
IRQ
AUT
HKG
COM
MUS
BHS
YEM
DNK
ECU
KWT
NAM
SLB
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VAT
VNM
IRL
NER
GBR
BIH
OMN
ARG
ATG
IND
LBN
BWA
MEX
LCA
CZE
MDG
BLR
AUS
FRA
SHN
RWA
MCO
UKR
LBY
COK
BRA
KEN
SYC
COG
BGR
Deborah L. Stahlkopf
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09:28 17.05.2025
canada goose shares see significant institutional trading activity and analyst ratings
Alberta Investment Management Corporation
Canada Goose Holdings Inc.
Olympiad Research LP
Nine Masts Capital Ltd.
TLS
SGP
URY
CHE
CHL
CAN
SUR
ZAF
KNA
MHL
SWE
ITA
KOR
SLV
COL
NIC
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POL
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HTI
TTO
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DEU
GRD
JAM
GUY
FIN
RUS
KIR
MYS
FJI
ESP
TON
PER
USA
BLZ
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BRB
GTM
HKG
BOL
ISR
HND
BHS
DNK
PLW
ECU
SLB
PHL
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PRY
CRI
PAN
GBR
ARG
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NOR
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IND
PNG
MEX
LCA
CYM
VEN
DMA
TUR
AUS
FRA
JPN
NRU
BRA
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09:10 17.05.2025
seagate stock upgraded to neutral as industry outlook improves
16:57 16.05.2025
Barclays raises AMD price target after Saudi Arabia agreement
13:48 16.05.2025
ubs maintains neutral rating on cisco with stable price target of 70 euros
16:47 15.05.2025
neuralink launches clinical trial in uae amid trump's gulf visit
16:15 15.05.2025
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