Saudi Stc Backs Debt Trading Firm Moving Into Private Credit
Tali Ventures took a minority stake in the Riyadh-based firm, Tarmeez Chief Executive Officer Nasser Alsaadoun said, without disclosing details on the deal. Tarmeez expects to get its asset management license in Saudi Arabia later this year, allowing it to start originating and managing credit to private companies, he added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Barclays: AI, DeepTech dominate as unicorns swell to $4.9 trillion valuation
-- The global unicorn ecosystem continues to expand, with the collective valuation of private companies surpassing $4.9 trillion, according to Barclays. In its latest research, the bank noted that 'AI and DeepTech are dominating new unicorn creation and reaching $1bn valuations faster.' Using Pitchbook data, Barclays developed a framework to assess relative maturity and investment drivers across 10 key themes. 'Unicorn exit activity is up YoY,' said the bank, adding that it thinks 'exit activity gathering momentum could well be a key catalyst to improve the establishment of the technologies to which the unicorn cohort is exposed.' While median valuations remain elevated versus historical averages, Barclays acknowledged that valuation pressures have emerged in public listings. Still, unicorn creation is being driven by innovation in several key areas. 'Innovations within AI, SaaS, Biopharma/Biotech & HealthTech, E-commerce, FinTech and Supply Chain Tech and Cybersecurity are showing signs of maturity,' the report said. In contrast, Climate Tech and Mobility Tech were described as 'relatively less established.' Across the board, venture capital investors are said to be shifting focus toward companies that '1) are integrating AI and/or 2) have profitable or mature business models.' Barclays mapped 100 of the largest unicorns by thematic exposure, though it noted that valuation data remains sparse. 'We acknowledge that 60% of unicorns haven't disclosed their valuations in the last 2 years,' the analysts added. Despite limited transparency, the report points to growing optimism among investors. Rising exit activity, especially through IPOs or acquisitions, may 'improve the establishment' of underlying technologies and fuel continued growth in the sector. Related articles Barclays: AI, DeepTech dominate as unicorns swell to $4.9 trillion valuation RBC bullish on J. M. Smucker, says downside risks are 'baked in' US stocks tumble after Trump threatens 25% tariffs on Japan, S. Korea Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 hours ago
- Yahoo
Here is Why Archer Aviation (ACHR) Fell Last Week (Corrected)
Archer Aviation Inc. (NYSE:ACHR) is one of . Archer Aviation saw its share prices decrease by 8.94 percent to close at $9.88 apiece on July 1st after an executive disposed of $1 million worth of shares in the company. The transaction was disclosed on July 1st after the markets closed and JOBY shares also lost 7% of their value on the same day. So, the large decline in ACHR shares is probably a result of investor concerns over valuations of these high-flying stocks. According to a regulatory filing, Archer Aviation Inc. (NYSE:ACHR) General Counsel Eric Lentell sold more than 95,000 ACHR shares at a price of $10.6 for a total of $1.01 million. "I sold a certain number of RSUs that had previously vested. I still hold close to 1M RSUs and you can see that in our recent proxy disclosure in connection with our 2025 Annual Meeting of Shareholders," Eric Lentell told Insider Monkey in an email. In other news, Archer Aviation Inc. (NYSE:ACHR) partnered with JetEx for an infrastructure development for air taxis in the United Arab Emirates. Under the partnership, the two companies plan to enhance Jetex's strategically located fixed base operator (FBOs) locations to better suit Archer's Midnight aircraft. A technician assembling an electric aircraft, highlighting the company's manufacturing capabilities. Archer plans to work with Jetex to design the passenger experience and integrate eVTOL aircraft into daily operations. The upgrades will be paired with Jetex's luxury service standards to deliver an efficient, tech-enabled customer journey. While we acknowledge the potential of ACHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. An earlier version of the article expressed negative investor sentiment due to insider transaction as a possible cause for the decline.
Wall Street Journal
6 hours ago
- Wall Street Journal
U.S. Stocks Fall as Trump Renews Trade Tensions - What's News
P.M. Edition for July 7. President Trump extended the deadline on so-called reciprocal tariffs to Aug. 1 while announcing 25% tariffs on goods from Japan and South Korea. Several more nations received similar notifications. Plus, heavy rain continues in Texas, where the death toll from the flash floods has risen to 90. And President Trump is meeting Israeli Prime Minister Benjamin Netanyahu at the White House. WSJ national security correspondent Michael Gordon discusses how a changed Middle East could be ripe for Trump's dealmaking diplomacy. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter.
