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Saudi Arabia broadens debt market access with 5 new financial institutions
Saudi Arabia has expanded access to its local bond markets by appointing five more financial institutions as primary distributors of government debt instruments.
The Ministry of Finance and the National Debt Management Center signed…
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OPEC raises global economic growth rate projection to 2.9%
OPEC has raised its global economy growth expectations in 2024 to 2.9 percent, from a previous forecast of 2.8 percent.
In its monthly report, the organization noted that growth momentum in major economies remained resilient in the…
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SAMA regulations enhancing Saudi Islamic banks’ transparency: Fitch Ratings
Regulations implemented by the Saudi Central Bank from 2020 until the end of the first half of this year have enhanced Islamic banks’ transparency and Shariah governance, an analysis revealed.
According to a report by Fitch Ratings,…
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Riyadh retail space to grow 28% by 2026: Knight Frank
Shopping malls and lifestyle spaces expansions are set to boost Riyadh’s retail area by 28 percent to 4.6 million sq. m. by 2026, a new analysis showed.
In its latest report, global real estate consultancy Knight Frank noted that the…
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Expat remittances from Saudi Arabia hits $3.4bn: SAMA
Remittances by expatriates living in Saudi Arabia saw an annual rise of 12 percent in May to SR12.6 billion ($3.4 billion), marking the highest level in nearly two years.
The latest bulletin from the Saudi Central Bank, also known as…
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Saudi CMA seeks public input on reforms to boost debt market growth
Development funds, banks, and sovereign wealth organizations would find it easier to tap Saudi Arabia’s debt market under a new set of reforms proposed by the Kingdom’s Capital Markets Authority.
These proposed changes, for which the CMA…
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Saudi Arabia to acquire 4 Airbus A330 MRTTs to boost air capabilities
Saudi Arabia is set to bolster its air capabilities with four additional Airbus A330 MRTTs, aimed at enhancing the Royal Saudi Air Force’s critical refueling and transport operations.
The initial Multi Role Tanker Transport aircraft from…
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Saudi Cabinet approves mining agreements with Jordan, Gabon, and Zimbabwe
Mining agreements with Jordan, Gabon, and Zimbabwe were signed off by the Saudi cabinet, and a range of economic deals were rubber-stamped.
Approved during the meeting chaired by Crown Prince Mohammed bin Salman, these deals come as the…
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Saudi Arabia leads regional VC activity with $412m in funding in H1: MAGNiTT
Saudi Arabia has maintained its lead in regional venture capital funding for the second consecutive year, securing $412 million in the first half of 2024, according to new data.
The Kingdom retained its top position across the Middle…
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Egyptian expat remittances reach $2.7bn in May: CBE
Remittances from Egyptians living abroad have continued their upward trajectory for the third consecutive month, rising by 26.6 percent to reach $2.7 billion in May.
According to data from the Central Bank of Egypt, this marks a…
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