loan

Saudi banks’ loans totaled SR2.67 trillion ($711.5 billion) in March, marking an 11 percent increase as compared to the same month in 2023, according to the latest official data. Figures released by the Saudi Central Bank, also known as…
Read More...

Countries, mostly middle and lower-income, have been burdened by surcharges on top of interest payments on their borrowings from the International Monetary Fund, widening global inequities, according to a report by US think tanks. WHY…
Read More...

Pakistan could secure a staff-level agreement on a new long-term larger loan with the International Monetary Fund by early July, its finance minister said on Tuesday, according to Reuters. The country’s current $3 billion arrangement…
Read More...

Saudi energy giant ACWA Power has secured an $80 million equity bridge loan from the Bank of China for its Uzbekistan initiatives. According to an official press release, the payment is split equally between Chinese yuan and US dollars,…
Read More...

Saudi Arabia on Tuesday signed a loan agreement with St. Kitts and Nevis for $40 million to support the Caribbean nation’s energy sector, Saudi Press Agency reported. The agreement was signed by the CEO of the Saudi Fund for Development,…
Read More...

Egypt received approval on Friday from the International Monetary Fund’s executive board for an expanded, $8 billion financial support program that enables the immediate release of $820 million, the IMF said in a statement. The IMF…
Read More...

Banks in Saudi Arabia granted residential mortgage loans worth SR7.54 billion ($2 billion) to individuals in January 2024, marking an 11-month high according to the data issued by the Kingdom’s central bank. The January figures represent…
Read More...

Saudi banks extended loans totaling SR2.62 trillion ($700 billion) in January, marking an 11 percent rise from the same month in 2023, according to official data. Figures released by the Kingdom’s central bank showed an increase in…
Read More...

Egypt secured an additional $5 billion in loans from the International Monetary Fund on Wednesday after the central bank raised interest rates and allowed the pound to plunge in value by nearly 40 percent. The bank said it…
Read More...

Saudi Arabia on Friday agreed to provide $55 million in funding for a project to protect five public schools in Turkiye by mitigating the risks posed by earthquakes. “These schools, encompassing a combined area of up to 55,000 square…
Read More...