UAE, Saudi banks expect increase in loan demand in 2020
Dubai Expo 2020, banks’ regional expansion and slowdown in property market are contributing factors to rising credit...
Tag : Saudi Arabia
Cashless society: epayments catch fire in Saudi Arabia
Saudi Arabia achieved 36% epayments out of all payments in 2019 against a target of 28% for 2020. Is this growth sustainable?...
Saudi Aramco shares fall $200 bn amid fears of impending US-Iran war
Under the shadow of a US-Iran clash, Saudi Aramco shares have plunged by 10%...
Saudi bans combined insurance, reinsurance businesses
The decision will further prevent ‘wrong practices’ in the industry...
Saudi Telecom Company launches new brand across Middle East
The brand has been launched in Saudi Arabia, Bahrain, and Kuwait...
Saudi Arabia’s $1.07 bn Jada fund of funds to support SMEs, startups
Saudi Arabia’s Public Investment fund has launched Jada to invest in venture capital funds, private equity funds and to support SMEs...
Qatar’s budget for 2020 largest in five years
The country plans to spend 1.9% more in 2020 than it did last year...
Saudi Arabia’s NCB and Riyadh Bank end merger talks
The two Saudi banks failed to agree on a valuation...
Aramco is now only company in the world with $2tn valuation
Aramco’s stocks gained 10% on their second day of trading...
Investor appetite pushes Aramco valuation to $1.88 tn
Aramco’s shares began trading at the Tadawul at 10:30 on Wednesday...