Saudi economy
Saudi Aramco Unit Inks $1.25bn Deal For Hyundai Oilbank Stake
Middle East Business News - Published date: .
Saudi Aramco says that a subsidiary will buy a 17% stake in South Korea's Hyundai Oilbank Read more
Saudi Arabia's PIF Said To Seek Bridge Loan Of Up To $8bn
Middle East Business News - Published date: .
The Public Investment Fund is said to have begun talks with banks to raise a loan expected to be between $5bn and $8bn Read more
Trendy Makeover For Saudi Arabia's Delayed Banking Hub
Middle East Business News - Published date: .
The King Abdullah Financial District is being revamped to blend business with residential and lifestyle destinations Read more
Alwaleed's Kingdom Said To Swerve Deal For Saudi Aramco Bonds
Middle East Business News - Published date: .
Kingdom Holding CEO Talal Ibrahim al-Maiman says yield on Aramco bonds was 'a bit lower' than what the company would exp... Read more
Interest In Saudi Aramco Bond Sale Said To Reach $26bn
Middle East Business News - Published date: .
State-owned oil giant drums up support for its debut offering at presentations in New York, Chicago, Singapore and Tokyo Read more
How Aramco's Giant 2018 Profit Dwarfs Joint Earnings Of 163 Saudi Stocks
Middle East Business News - Published date: .
$111bn earned by state oil major dwarfs the $28.4bn combined net income for all the companies traded in Riyadh Read more
US, UK Investors Flock To Saudi-focused Funds
Middle East Business News - Published date: .
Exchange-traded funds in the US and the UK focused on Saudi Arabian equities are piling up new money this year Read more
Saudi Billionaire Seeks To Calm Investors With More Transparency
Middle East Business News - Published date: .
Prince Alwaleed says he may reveal more details about the terms of his release from a corruption crackdown last year Read more
Saudi Arabia To Raise Islamic Tax On Banks
Middle East Business News - Published date: .
New rules will result in banks paying 10-20% of net profit Read more
Saudi Arabia Said To Mull Raising Tax On Local Banks
Middle East Business News - Published date: .
Sources say Gulf kingdom is considering plans to increase an Islamic tax paid by local banks to as much as 20% Read more
Growth Of UAE, Saudi Billionaires Set To Stall To 2023
Middle East Business News - Published date: .
No new billionaires are expected to be created in the UAE and Saudi Arabia over the next four years Read more
Saudi Banking Giant Picks Temenos For Digital Transformation
Middle East Business News - Published date: .
Al Rajhi Bank, the world's largest Islamic bank, appoints software firm to drive digital solutions Read more
Visa Launches Apple Pay In Saudi Arabia
Middle East Business News - Published date: .
Apple Pay will allow Visa cardholders across the kingdom to make payments using their Apple devices Read more
Revealed: How UAE, Saudi Arabia Plan To Use Common Digital Currency
Middle East Business News - Published date: .
Saudi Arabian Monetary Authority and the UAE Central Bank announce Aber project to forge closer financial ties Read more
Saudi Bonds To Join JPMorgan Index In $119bn Gulf Addition
Middle East Business News - Published date: .
Saudi Arabia and four other Gulf nations will join JPMorgan Chase & Co's emerging-market bond indexes this month Read more
JPMorgan 'close' To Being Hired For Saudi Bank Merger
Middle East Business News - Published date: .
Sources say National Commercial Bank is close to hiring JPMorgan Chase & Co to advise on its merger with Riyad Bank Read more