Saudi Electricity signs $2.4 bn financing agreement with 7 major banks
The seven banks include the National Commercial Bank, Bank Albilad and Al-Rajhi Bank...
Tag : Saudi Arabia
Aramco discovers two new oil fields in northern parts of the kingdom
The oil fields have been discovered in Northern region of Abraq Al Toloul and Al Jof...
Number of fintechs in Saudi Arabia grew by 147% in the last two years: Reports
The number of smartphone payment transactions grew by 352% year-on-year to April 2020...
Arab oil exporting country’s economies to shrink by 4.75% in 2020
The diversified economies in the region to shrink by 2%...
Zain KSA expands 5G coverage to 35 Saudi cities
Zain has launched 5G in cities such as Duwadimi, Hawtat Bani Tamim, Hayathim, Muzahimiyah, and Quwayiyah...
Aramco to go ahead with plans to boost output capacity to 13 mn bpd: CEO
Aramco will go ahead with the plan despite a significant cut in capital expenditure...
SABIC to develop world’s first renewable energy powered chemical plant
The plant will be built in Cartegena, Spain...
Saudi Payments partners with Japan’s JCB to enable the JCB payment
The partnership will enable local banks to accept JCB cards through their network of point-of-sale terminals...
What the pandemic means for Saudi banks
by WebAdmin
SAMA has injected $13.3 billion capital into the banking industry in the wake of economic challenges...
Gulf economies contracting in 2020 to recover in 2021
Analysts see a deep economic contraction in the hydrocarbon-producing region this year...