Tag: News

Banking

Saudi banks weathering external debt surge amid Vision 2030 push: S&P report

the financial -
RIYADH: Saudi Arabia’s banking sector is set to absorb a rise in external debt, driven by increasing financing demands under the Kingdom’s Vision 2030...
Business

Saudi’s KSrelief signs $10m deal with UK for cholera response in Yemen

the financial -
KSrelief will provide $5m to the WHO, while the UK government will provide a further $5m to the UN Children’s Fund An estimated 3.5m people...
Economy

Industrial growth picks up in March at 3% but ends FY25 lower at 4%

the financial -
The core sector, which has a 40 percent weight in IIP, grew at 3.8 percent, up from 3.4 percent in the previous month, as...
Economy

Saudi debt capital market nears $500bn mark amid global uncertainty

the financial -
Kingdom’s sukuk dominance and Vision 2030 progress fuel 16 percent annual growth, Fitch Ratings reports RIYADH: Saudi Arabia’s debt capital market continued its upward trajectory...
Business

Saudi Arabia, Qatar to clear Syria’s $15m World Bank debt

the financial -
RIYADH: Saudi Arabia and Qatar have agreed to jointly pay approximately $15 million to settle Syria’s arrears to the World Bank, a move set...
Business

Saudi Arabia’s international tourism revenue soars by 148%, leading G20 nations

the financial -
RIYADH: Saudi Arabia’s tourism sector achieved a historic milestone in 2024, with international tourism revenue surging 148 percent compared to 2019 — the highest...
Banking

Saudi Arabia proposes lower bank guarantee requirements for finance licenses 

the financial -
RIYADH: Saudi Arabia is considering steps to lower the bank guarantee requirements for financial companies seeking licenses, part of efforts to bolster the Kingdom’s financial sector.  In...
Economy

Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore 

the financial -
RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds across emerging markets after it secured $391 million in the...
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