Saudi Fund for Development Inks USD 75 Million Loan Agreement to Bolster Saint Lucia’s Development
In a significant move aimed at fortifying Saint Lucia’s economic and infrastructural growth, the Saudi Fund for Development (SFD) has signed a momentous USD 75 million loan agreement with the Caribbean nation. This pivotal collaboration marks a new era of cooperation between the two countries, with the fund’s investment poised to have far-reaching positive effects […]
Mastercard and Geidea Forge Strategic Partnership to Revolutionize FinTech in Saudi Arabia
Mastercard, a globally recognized leader in payment solutions, has entered into a strategic partnership with Geidea, the foremost FinTech innovator in Saudi Arabia. The primary objective of this partnership is to enhance consumer and business access to world-class card and payment solutions, aiming to revolutionize the financial landscape in the region. Geidea, the largest FinTech […]
Amin Nasser, a Saudi Aramco native engineer who rose to the top
At a business gathering in Riyadh this year, the Saudi gas minister paused at around 9 o’clock and informed the crowd that Amin Nasser, the president of state-owned oil company Saudi Aramco, had to go to bed. He wasn’t saying that lightly. In his four decades of work, Nasser has developed a reputation for a […]
Gulf Cooperation Council (GCC) to see a dynamic surge in economies by 5.9% before December
The GCC is comprised of six powerful countries in the area of business expertise—the United Arab Emirates, Qatar, Saudi Arabia, Kuwait, Bahrain, and Oman. World Bank has made an official statement about the economies of GCC, and its capability to expand by a splendid 5.9% total this year. The recuperation of this chart is set […]
Stanchart to add bankers in sustainable finance
Standard Chartered is looking to add bankers to focus on sustainable finance, project finance and capital markets in Saudi Arabia. This is a front-runner for its regional business in coming years. Standard Chartered this year began offering banking services through its branch in Saudi Arabia. A banking licence in 2019 was granted with a team of 25 people. […]
India’s L&T Secures Solar Power Project in Saudi Arabia
Larsen & Toubro (L&T) in India is one of the top most contractors in the world. This is a well known Indian multinational technology, engineering, construction, manufacturing and financial service, with its headquarters at Mumbai. In this April 2021, they have made an announcement to set up a Sudair Solar power plant project in Saudi […]
For commencement of latest financing avenues
Crowd funding is the practice of raising fund(minor amounts) for a project or venture from large number of people. Saudi Arabia’s Central Bank and the largest lending regulator has made some new rules that puts light on the crowd funding actions also on the overall liquidity pool within the country. SAMA known as and being […]
Revival of Qatari Bank hopes to grow gradually in Saudi Arabia
After almost three years of dormancy, The Qatari National Bank (QNB) branch in Riyadh, Saudi Arabia is expected to revive giving hope to pick up business activities between the two nations. The Chief Financial Officer of QNB Group Ramzi Mari told Reuters about the impact QNB will have on the business and other financial sectors. […]