Saudi increases its holding of US stocks to $12.8 bn
PIF bought a $1.07 bn stake in Electronic Arts Inc and a $1.4 bn stake in Activision Blizzard...
Tag : Saudi Arabia
Saudi Arabia to launch new electronic instant payments system
The new payment system is designed to reduce the dependency on cash in the Kingdom...
Saudi Arabia’s economy shrank by 3.8% in Q4 2020
According to preliminary estimates, the Kingdom’s economy contracted by 4.1% last year...
Saudi Arabia to promote use of AI in healthcare
In this regard, the Saudi Data and Artificial Intelligence Authority (SDAIA) and Philips signed an memorandum of understanding (MoU)...
Irish fintech Global Shares sets up ME headquarter in Riyadh
The fintech has also partnered with NCB Capital, the investment arm of the National Commercial Bank...
Saudi Arabia to become Germany in renewables: Energy minister
The Kingdom plans to replace petroleum with solar and gas...
Containers in Saudi Ports increased by 6% y-o-y in December 2020
Ports in the Kingdom handled around 631,000 containers during the period...
The quest to lead Islamic finance
by WebAdmin
According to the IFDI index, Bahrain ranks third, while the UAE and the Kingdom of Saudi Arabia follow in fourth and fifth positions globally...
Saudi central bank calls for M&A deals in the insurance sector
Mergers and acquisitions can make sector more competitive and strengthen its financial position...
NCB to raise more funds through dollar-denominated sukuk
NCB said that the number and value of any sukuk to be offered will be determined based on market conditions...