Finance

Saudi Arabia saw a 5.6 percent increase in net flow of foreign direct investment in the first quarter of 2024 compared to the previous year, the official data showed. According to the latest figures from the General Authority for…
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Egypt’s sovereign fund has signed four agreements worth $33 billion in the field of green ammonia with European developers, a cabinet statement said on Sunday. Prime Minister Mostafa Madbouly observed the signing of these agreements…
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Saudi Arabia has completed its riyal-denominated sukuk issuance for June at SR4.4 billion ($1.17 billion), according to the National Debt Management Center. The Kingdom issued sukuk amounting to SR3.23 billion in May, while it was SR7.39…
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Saudi Arabia has opened its fifth round of the subscription-based savings product, Sah, for June, offering a 5.55 percent return, encouraging financial stability and growth among citizens. The Shariah-compliant, government-backed sukuk…
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Saudi Minister of Finance Mohammed Al-Jadaan led the Kingdom’s delegation at the fourth Saudi-Swiss Financial Dialogue, recently held in Zurich. Senior officials from the Ministry of Finance, Saudi Central Bank, Insurance Authority,…
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Saudi Arabia and Switzerland are poised to deepen cooperation in finance and economics as top officials convened for the 4th Saudi-Swiss Financial Dialogue in Zurich. The event, inaugurated by Saudi Arabia’s Finance Minister Mohammed…
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Digital currencies are gaining traction in the Middle East and Central Asia, with countries increasingly considering central bank-issued options to enhance financial inclusion, an analysis said. In a blog, the International Monetary Fund…
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Gulf Cooperation Council central banks have held interest rates steady for the seventh consecutive period, aligning with the US Federal Reserve’s benchmark rate of 5.25 to 5.50 percent. Since most regional currencies are pegged to the US…
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Global growth is expected to stabilize at 2.6 percent in 2024, holding steady for the first time in three years, according to a new World Bank report. The analysis warns that safeguarding trade, supporting green and digital transitions,…
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Saudi Arabia’s Tadawul All Share Index continued its downward trend for the third consecutive day as it shed 123.66 points to close at 11,651.81 on Wednesday. The total trading turnover of the benchmark index was SR10.38 billion ($2.77…
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