Saudi Arabia
Saudi Arabia Spends $57bn To Soften Economic Blow Of Covid-19
Middle East Business News - Published date: .
Over 650,000 people have directly benefited from the measures, according to the kingdom's Ministry of Finance Read more
Amlak International Completes IPO With Retail Coverage At 2,690%
Middle East Business News - Published date: .
The IPO is the first to take place in Saudi Arabia since the beginning of the Covid-19 pandemic in March Read more
UAE's Network International Plans Saudi Expansion Post-Covid
Middle East Business News - Published date: .
The company expects yearly revenues to be down 17% to 20% in the 2020 fiscal year Read more
Orient Insurance Postpones Saudi Expansion Plans
Middle East Business News - Published date: .
Company was due to launch in Saudi Arabia this year, but has delayed for two year as a result of Covid-19 impact Read more
What Saudi Arabia's Big Bank Merger Says About The Kingdom's Economy
Middle East Business News - Published date: .
The $15.6bn deal to combine National Commercial Bank and Samba would create a banking giant in terms of loans with almo... Read more
Saudi Arabia Extends Some Stimulus Measures For Business
Middle East Business News - Published date: .
Among the initiatives extended is a pledge to cover 60% of some Saudi salaries in the private sector Read more
Saudi Arabia 'less Pessimistic' Than IMF As Economy Shrinks Again
Middle East Business News - Published date: .
Non-oil GDP, which is a better gauge of economic health and an engine of job creation, grew 1.6% in the first quarter, t... Read more
Saudi Retailers Report Surge In Sales Ahead Of VAT Increase
Middle East Business News - Published date: .
Shopping malls in the kingdom have drawn large crowds in recent days as retailers offered 'pre-VAT sales' and discounts ... Read more
How Saudi Arabia's $15.6bn Bank Merger Would Stack Up
Middle East Business News - Published date: .
The National Commercial Bank-Samba merger would create a banking giant in terms of loans with almost a 30% market share... Read more
Shares Of Saudi Samba Surge After $15.6 Billion Takeover Bid
Middle East Business News - Published date: .
The kingdom has been taking steps to shore up its banking sector from the coronavirus shock and lower oil prices Read more
Saudi Bank NCB Plans $15.6bn Takeover Of Rival Samba
Middle East Business News - Published date: .
The combined bank would have total assets of about $210 billion, making it the third largest in the region Read more
Saudi's Samba Group CEO Expects U-shaped Recovery After 'triple Jeopardy' Of Crises
Middle East Business News - Published date: .
Samba Financial Group CEO Rania Nashar expects a fully recovery by the end of 2021 Read more
Credit Suisse Hires New CEO For Saudi Commercial Bank Unit
Middle East Business News - Published date: .
Credit Suisse is expanding after receiving a full banking license for the kingdom in April 2019 Read more
Saudi Arabian Mining Unit Signs $4.1bn Finance Deal
Middle East Business News - Published date: .
Maaden Waad Al Shamal Phosphate Co will refinance $2.3 billion owed to a syndicate of commercial banks and financial ins... Read more
Saudi Central Bank Affirms Commitment To Currency Peg Against Dollar
Middle East Business News - Published date: .
Saudi Arabian Monetary Authority to maintain exchange rate at 3.75 riyals to the dollar Read more
Saudi's ACWA Power Plans $1bn Bond Sale
Middle East Business News - Published date: .
Company in talks with local banks about potential deal that would be denominated in Saudi riyals Read more
The World Has Shifted, The Future Has Already Begun, And It's Online, Says HyperPay CEO Muhannad Ebwini
Middle East Business News - Published date: .
HyperPay's CEO Muhannad Ebwini on HyperPay's role during Covid-19, and what the future looks like Read more
Saudi Wealth Fund Said To Take Stakes In European Oil Majors
Middle East Business News - Published date: .
Stakes in Equinor, Royal Dutch Shell, Total and Eni were bought by the Public Investment Fund on the open market in rece... Read more
Saudi Fund's Bargain Buy Of Carnival May Turn Out To Be Pricey
Middle East Business News - Published date: .
Saudi Arabia's $320 billion sovereign wealth fund has made a series of bold investments in recent years Read more
Saudi-backed Augmented-reality Start-up To Explore A Sale
Middle East Business News - Published date: .
Saudi Arabia's sovereign wealth fund PIF among Magic Leap's big name investors Read more