Saudi Arabia


BNY Mellon Lands A Big Ally For Expansion In Saudi Arabia

Middle East Business News - Published date: .

NCB Capital is the kingdom's biggest asset manager and investment bank Read more

Coronavirus, Low Oil Prices Set To Speed Up Gulf Bank Mergers

Middle East Business News - Published date: .

Moody's Investors Service says financial concerns in the region will play a larger role in encouraging deals Read more

Saudi Arabia Extends Coronavirus Stimulus Package But Narrows Scope

Middle East Business News - Published date: .

The initiative, which was due to expire in October, will now continue until January and will support half of all Saudis ... Read more

Credit Agricole Exits Saudi Arabia With $386m Fransi Sale

Middle East Business News - Published date: .

About 48.3m shares were sold at 30 riyals each as the stock closed at 32.20 riyals on Sunday Read more

Abu Dhabi Reveals Huge Surge In Saudi Trade Deals

Middle East Business News - Published date: .

The value of non-oil trade in goods between Abu Dhabi and Saudi Arabia over the past decade hits $134.5bn, just slightly... Read more

Why Saudi Arabia Could Soon Rival Dubai For Fintech Funding

Middle East Business News - Published date: .

AstroLabs co-founder highlights 'exciting growth' in Gulf kingdom as it looks to enhance its digital ecosystem Read more

GCC Investor Sentiment Rebounds After Q2 Coronavirus Hit

Middle East Business News - Published date: .

Iridium Advisors' research shows how Saudi Arabia took a 34 point battering to investor sentiment in the second quarter ... Read more

Saudi Chemical Giant To Tap Bond Market For $1bn

Middle East Business News - Published date: .

Saudi Basic Industries Corp loses $592m in the second quarter as the coronavirus pandemic hit economies across the globe Read more

Saudi Aramco Appoints CEO To Run $500m Investments Arm

Middle East Business News - Published date: .

Sources say Mahdi Aladel will take over as CEO of Saudi Aramco Energy Ventures Read more

Alwaleed's Kingdom Holding Eyes Europe Over US For Deals

Middle East Business News - Published date: .

Saudi billionaire's investment firm sees Europe as a better place to invest due to inflated prices in the US Read more

Saudi Sovereign Fund Said To Hire Ex-Morgan Stanley Risk Officer

Middle East Business News - Published date: .

PIF received an injection of $40bn from the kingdom's reserves in March and April as it sought investment opportunities ... Read more

Saudi Wealth Fund Is Said To Repay $10bn Bridge Loan

Middle East Business News - Published date: .

Loan taken last year ahead of $70bn sale of stake in Saudi Basic Industries Corp Read more

State Street Opens Saudi Office As It Expands Into Middle East

Middle East Business News - Published date: .

The Boston-based financial-services firm is entering Saudi Arabia as part of its plans to boost its presence in the Midd... Read more

JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021

Middle East Business News - Published date: .

The first six months saw $72 billion of bond issuance from the region, the busiest start yet Read more

Standard Chartered Bank Appoints New Saudi CEO

Middle East Business News - Published date: .

Standard Chartered Bank was awarded the licence to setup a banking branch in Saudi Arabia in 2019 Read more

Saudi Car Rental Firm Theeb Hires Fransi Capital For IPO

Middle East Business News - Published date: .

The IPO could happen next year, depending on how quickly the company recovers from the impact of the coronavirus outbrea... Read more

Saudi's SRC To Issue Domestic Sukuks With $1.3bn Funding Target

Middle East Business News - Published date: .

Company is also looking to attract 'significant amount' by tapping international markets Read more

FDI At Saudi Arabia's King Salman Energy Park To Exceed $2bn

Middle East Business News - Published date: .

Upon completion SPARK will add SAR22bn annually to Saudi Arabia's GDP by 2035 Read more

Saudi Arabia Explores Income Tax, Privatisation To Boost Finances

Middle East Business News - Published date: .

'Saudi Arabia is not in austerity and we are not getting into an austerity phase,' said Finance Minister Mohammed Al Jad... Read more

Middle East Wealth Funds Plan More European Bargain Hunting, Says Invesco

Middle East Business News - Published date: .

Over the next 12 months, about 43% of sovereign funds in the region will buy equities with lower valuations Read more