S&P upgraded Saudi Arabia’s credit rating to ‘A+’ from ‘A’ due to its economic shift away from oil. The country’s Vision 2030 ...

Some 119 fintech startups across the Middle East and North Africa raised $700 million in 2024, accounting for 30% of the ...

The investment bank said VLGC rates have gained 30% week-on-week in both the Atlantic basin and Asia. "The increase in rates ...

The establishment of bullion banks needs good risk management and close oversight. It could have systemic implications.

The total bank credit granted to the public and private sectors in Saudi Arabia reached its highest level at SAR3,005,946 million by the end of January 2025, according to the monthly statistical ...

India is a major contributor to applications for Riyadh Air, Saudi Arabia's upcoming second national carrier. Despite not ...

Called Al Waha, the first Saudi-owned travel retailer will be straddling all channels from airports and seaports to ...

Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).This achievement makes SAB the ...

Warburg Pincus LLC and Saudi Arabia’s $320 billion pension fund manager will jointly explore deals in the kingdom as the ...

The Saudi Central Bank (SAMA) has banned local banks from using instant messaging applications like WhatsApp to communicate with customers, citing security concerns and the unreliability of such ...

Saudi Arabia once spent billions in Lebanon, depositing funds in the central bank, helping to rebuild the south after the 2006 Hezbollah-Israel war, and supporting a number of Lebanese politicians ...

with its currency losing over 90 percent of its value and depositors' bank savings being wiped out. The meltdown has been blamed on decades of rampant corruption and mismanagement by the country's ...