Tag: loan

Your Loan Fate Is in AI’s Hands — And It Knows More About You Than Your Bank!

In 2025, the global credit market is undergoing a fundamental transformation. Artificial Intelligence (AI)-driven credit scoring models are rewriting the rules of who gets...

ACWA Power secures $119m loan facility from Alinma Bank for new headquarters

RIYADH: Saudi utility giant ACWA Power has secured an SR750 million ($119 million) Shariah-compliant term loan facility from Alinma Bank to fund its new...

Saudi’s ProMexEx secures $20mln loan from Riyad Bank

Saudi Arabian medical devices company ProMedEx has obtained a one-year Islamic credit facility of SAR 74.5 million ($20 million) from Riyad Bank. The facility will...

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Apple launches AI-powered Siri upgrade

Apple has launched an artificial intelligence-powered version of its...