Banking

Saudi Arabia to unveil $2bn in SME initiatives at Biban 2025  

RIYADH: Saudi Arabia’s Small and Medium Enterprises General Authority will unveil $2 billion in initiatives and agreements across technology, tourism, entertainment, education, and financial...

Saudi Arabia to host 100 startups in Entrepreneurship World Cup finals

RIYADH: Some 100 startups from 46 countries have officially qualified for the finals of the Entrepreneurship World Cup 2025, set to be held in the Saudi...

How Supply Chain Innovation Shapes The Bottom Line

In today’s volatile global economy, innovation in supply chains has evolved from a technical enhancement to a fundamental financial strategy. Across industries, organizations are...

GCC central banks’ foreign assets climb 6.3% to $762bn  

RIYADH: Foreign assets of Gulf central banks grew by 6.3 percent in 2024 to reach $761.9 billion, supported mainly by higher reserves in the...

Saudi banks’ July profit rises 7% to $2.2 billion  

RIYADH: Saudi banks’ aggregate profit before zakat and tax reached SR8.24 billion ($2.2 billion) in July, marking a 7 percent increase compared to the...

GCC banks’ Q2 profits hit record $16.2bn on lending and deposits boom

GCC inflation remained stable in second quarter despite heightened geopolitical risks Year-on-year, all markets posted growth RIYADH: Strong regional fundamentals and a robust project pipeline drove...

Saudi EXIM Bank’s H1 credit facilities surge 44% to $6.29bn

Export financing disbursements rose 26.2% to SR8.87 billion Gowth supports bank’s mandate to help double Kingdom’s industrial exports RIYADH: Saudi Arabia’s Export-Import Bank boosted credit facilities...

Saudi banks’ June profits hit record $2.63bn amid loan growth, digital boom

RIYADH: Saudi Arabia’s banking sector maintained its momentum in June, as aggregate profits before zakat and taxes climbed to SR 9.9 billion ($2.63  billion) — the...

Saudi commercial bank profits jump 16% in April, topping $2bn before zakat, tax

Year-to-date earnings reached SR32.97 billion, an annual rise of 20% Banks getting balance sheets ready for next investment wave RIYADH: Saudi Arabia’s banking sector extended its...

​​Digital shift keeps Saudi credit card borrowing above $8bn and just 2% below record level

RIYADH: Credit card loans from Saudi banks posted their second-highest figure on record in the first quarter of 2025, after an annual rise of...

Saudi EXIM Bank targets African markets with 4 new MoUs 

Deals come as Saudi exports to Africa surged 20.6% year on year to SR7.84 billion in March Saudi delegation held in-depth discussions with leaders of...

Don't miss

Saudi Arabia to unveil $2bn in SME initiatives at Biban 2025  

RIYADH: Saudi Arabia’s Small and Medium Enterprises General Authority...

Saudi Arabia to host 100 startups in Entrepreneurship World Cup finals

RIYADH: Some 100 startups from 46 countries have officially qualified...

How Supply Chain Innovation Shapes The Bottom Line

In today’s volatile global economy, innovation in supply chains...

Blume Ventures logs initial close of fifth fund at $175 million

Synopsis Blume Ventures has achieved an initial close of $175...

Go Digit Q2 net profit rises 31% on higher premium growth

Synopsis Motor insurance continued to be the company’s largest segment,...