Tag: Saudi Arabia

Business

Saudi Arabia sees 73% surge in e-commerce sales using MADA cards

the financial -
RIYADH: Saudi e-commerce sales via MADA cards surged 73.4 percent year on year in March to a record SR27.55 billion ($7.34 billion), reflecting rapid...
Banking

SMEs account for 30% of listed companies in Saudi Arabia: CMA chief 

the financial -
JEDDAH: Small and medium enterprises now constitute 30 percent of listed companies in Saudi Arabia, following significant efforts by the Capital Market Authority to...
Business

Saudi Arabia signs deals worth more than $300 billion with US, crown prince confirms

the financial -
Trump described crown prince as “very great man like no other” and “greatest representative of his people” Prince Mohammed said Kingdom looking at $600bn of investment...
Business

IHG to introduce 15,000 additional keys in Saudi Arabia by 2030: top official

the financial -
RIYADH: UK multinational hospitality giant IHG Hotels and Resorts is planning to add an additional 15,000 rooms in Saudi Arabia, as it eyes opening...
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...
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...
Business

Saudi Arabia to drive Islamic finance growth in 2025, S&P says 

the financial -
RIYADH: Saudi Arabia is poised to play a key role in propelling the growth of the global Islamic finance industry in 2025, underpinned by...
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