Latest News for: Banking saudi

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Citi CEO Jane Fraser banks on revamped Middle East business to drive growth

The National 01 May 2024
The cluster, which is separated from Europe, is home to some of the fastest-growing markets for the bank, such as Saudi Arabia and the UAE, warranting more autonomy ... local banks ... UAE and Saudi Arabia.
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Islamic Development Bank's annual meeting sees major deals

Anadolu Agency 01 May 2024
The bank and the Saudi Fund for Development on Saturday signed a memorandum of understanding on joint financing, policy coordination, capacity development, and exchange of expertise ... The bank signed ...
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Edun: Why FG Mandated Agencies to Remit 50% of Revenue Proceeds to Govt

This Day 01 May 2024
Edun disclosed this yesterday in Riyadh, Saudi Arabia, during a meeting with President of Islamic Development Bank (IsDB) and Governors Roundtable, at the 2024 IsDB Group Annual Meetings and Golden Jubilee marking the 50th Anniversary of the bank.
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Saudi inflation falls to 1.6pc in March

GDN Online 01 May 2024
Saudi Central Bank’s foreign reserves on an annual basis, rose 3.80% in March compared to the decline in February, to SR1.707 trillion ($460 billion).--TradeArabia News Service.
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Doris Uzoka-Anite Brings Renewed Hope Alive With Quality Delivery

This Day 01 May 2024
Saudi Arabia has in turn pledged $10 billion in export finance to Africa by 2030 through the Saudi Exim Banks. An agreement between Saudi Exim Bank and Nexim Bank was also reached to establish a fund promoting trade between the two countries.
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How retail can regenerate historic districts

Khaleejtimes 01 May 2024
Between 1970 and 2022, the GCC’s urban population grew twelvefold, to 51.4 million, according to the World Bank. In 2022 alone, Saudi Arabia accounted for 69 per cent of total GCC urban growth.
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Bill Gates: 'COP meeting in UAE significantly exceeded my expectations'

Gulf News 01 May 2024
The Islamic Development Bank hosted a Philanthropy Forum at their Annual Meetings on Monday, April 29th, in Riyadh, Saudi Arabia, in collaboration with the King Salman Humanitarian Aid & Relief Centre.
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Gulf philanthropy rising: Global leaders discuss transformational impact of philanthropy for development

Khaleejtimes 01 May 2024
The Islamic Development Bank hosted a special Philanthropy Forum at their Annual Meetings in Riyadh, Saudi Arabia, in collaboration with the King Salman Humanitarian Aid & Relief Centre, titled ‘Harnessing Philanthropy for Development.
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Saudi banks funding profiles changing: S&P

GDN Online 30 Apr 2024
Saudi banks' funding profiles are changing amid a rapid expansion in lending, notably driven by new mortgages and underpinned by a state-backed push to increase home ownership, S&P Global Ratings said in a report.
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IsDB Partners AfDB, IFAD to Launch $538m Fund for Agro-industrial Processing Zones

This Day 30 Apr 2024
Ugo Aliogo in Riyadh, Saudi Arabia. The President of the African Development Bank (AfDB), Dr ... So that is a place that can become a good partner of Saudi Arabia as it implements the Vision 2030.”.
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Major Gulf bourses mixed in early trade; Fed meet in focus

GDN Online 30 Apr 2024
... National Bank, the region's largest lender, rising 0.2% ... Al Rajhi Bank, the world's largest Islamic lender, slipped 0.6% and the kingdom's flagship mining company, Saudi Arabian Mining dropped 2.7%.
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Smasco announces IPO, to float 30pc of issued share capital

GDN Online 30 Apr 2024
Saudi Manpower Solutions Company (Smasco) plans to proceed with an initial public ... Saudi National Bank, Alrajhi Bank and SNB Capital Company have been appointed as receiving agents for retail investors.
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Morning Briefing: April 30, 2024

Anadolu Agency 30 Apr 2024
Islamic Development Bank to provide Türkiye $6.3B worth of financing ... Mehmet Simsek, attending the bank's annual meeting in the Saudi capital Riyadh, underlined on X that international institutions trust Türkiye's economic program.
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New CEO named for Millennium Hotels & Resorts Saudi Arabia

GDN Online 30 Apr 2024
Millennium Hotels & Resorts Middle East and Africa has announced Wahdan Al Kadi as the new CEO of the Saudi Arabia market.  ... Saudi Arabia’s Tourist Development Fund (TDF).  .
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