Saudi Arabia
- Business
Foreign Direct Investment in Saudi Arabia rises to $215 billion
Khalid Al Falih, Saudi Minister of Investment, said that the pro-investment measures introduced by Saudi Arabia in recent years include…
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Fitch affirms Islamic Corporation for Development’s A+ rating with stable outlook
ICD’s solvency is improving but remains constrained by ‘high’ credit risk, according to rating agency Fitch Ratings said Wednesday it…
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Turkiye ends deposit transaction with Saudi Arabia to reduce external liabilities
Deposit transaction worth $5 Billion The Central Bank of Republic of Türkiye has announced on Wednesday that it terminated deposit…
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OTO Secures $8 Million in Series A Funding to Expand in Turkiye and MENA Region
Sanabil Investments Leads Funding Round to Boost OTO’s Presence and Enhance Logistics Solutions for SMEs and Online Retailers OTO, the…
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UAE’s BNPL Boom: Transforming Consumer Payments and E-Commerce
BNPL services are outpacing credit cards in the region In a recent study, Redseer Strategy Consultants shared that the use…
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Xpence and Visa announce strategic partnership for growth following launch in Saudi Arabia
Following the recent successful launch of its Visa corporate cards in Saudi Arabia, Xpence, the GCC region’s first expense management…
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Dubai startup nets $14 million to open Saudi real estate investments to global users
Investing in real estate can be lucrative, with property appreciation rates remaining high. However, factors like the market’s illiquidity and…
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UAE: Sinopec inks $1.1 billion deal with Saudi Aramco
The agreement stipulates that Sinopec is to complete the construction by the end of May 20 Sinopec service unit announced…
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Latvia’s Medon digital clinic eyes expansion in India and UAE
Medon, a digital clinic founded in Latvia, said May 29 has secured investments of EUR 320 000 from several Latvian…
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Lenovo to issue $2 billion bonds and set up base in Saudi Arabia amid kingdom’s tech push
The company, in partnership with PIF-owned Alat, will open a new PC and server manufacturing plant in the country Lenovo,…
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