Egypt’s Minister of Planning and Economic Development and Chairman of The Sovereign Fund of Egypt (TSFE), Dr Hala El-Said, held
Egypt’s Minister of Planning and Economic Development and Chairman of The Sovereign Fund of Egypt (TSFE), Dr Hala El-Said, held a meeting with Saudi Minister of Commerce Dr Majid bin Abdullah Al Qasabi and his accompanying delegation. The meeting took place in the presence of Egypt’s Minister of Trade and…
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), and the Saudi Exchange, the largest exchange in the GCC and among the largest 10 stock exchanges globally, kicked-off the EFG Hermes & Saudi Exchange Virtual Investor Conference today under the theme “A Story of Resilience”. The virtual…
Sheikh Abdullah bin Ibrahim Al-Subaie died on Thursday at the age of 100. He was known for his economic acumen and his support for charity and humanitarian causes. Al-Subaie founded Bank Al-Bilad with his brother after entering the banking business at an early age. The brothers first established a small…
According to a press statement provided to Al-Arabiya.net by the Saudi Ministry of Trade, the number of women’s commercial registrations in Saudi Arabia from the beginning of 2021 to late April totalled 30,000. The Ministry stated that the requirements for obtaining a commercial register for women are the same as…
“It is easier for us than to import what can be packed with Captagon,” a Saudi journalist said in support of the Kingdom’s local agricultural sector. This comes after Saudi Arabia confiscated a fruit shipment coming from Lebanon with millions of Captagon pills last week. Following the drug bust, Saudi…
State-run oil giant Saudi Aramco announced on Tuesday its first quarter (Q1) financial results, posting a 30% year-on-year increase in net profit to $21.7 billion, beating analysts’ forecasts. In a press statement the company declared a dividend of $18.8 billion to be paid in Q2. The results were underpinned by…
Saudi Crown Prince Mohammed bin Salman: Stakes of Aramco will be sold to foreign investors within 2021 or the next two years …
Saudi Arabia’s Crown Prince Mohammed bin Salman and Iraq’s Prime Minister Mustafa Al-Kadhimi agreed on the need for their countries to continue coordinating in confronting extremism and terrorism. The two leaders met at the Yamamah Palace in Riyadh on Wednesday and signed several agreements to boost economic cooperation, starting with…
Headed for a promising year in 2021, Saudi banking sector is all set to grow, says KPMG in its report. The report ‘Banking Perspectives 2021’ records that the sector is moving positively, supported by the reforms in the Kingdom with halt in expected credit losses (ECL) and stable liquidity. One…
The Saudi Center for International Strategic Partnerships signed a memorandum of cooperation with the Council of Saudi Chambers, aiming to coordinate efforts between the center and the Council to strengthen the role of the private sector in international strategic partnerships. This memorandum will stimulate private sector participation and sustainability,…
