Tag: Saudi Arabia Business News
Saudi PIF launches 5-year strategy for Kingdom’s economy
Saudi Arabia’s Public Investment Fund (PIF) has unveiled its five-year strategy, to support the Kingdom to continue its economic transformation.
The sovereign wealth fund will...
Saudi unemployment rate dropped to 14.9% in Q3 2020
Reiterating the Kingdom's COVID-19 recovery on all fronts, the Saudi General Authority for Statistics (SGAS) has revealed positive unemployment numbers for the third quarter...
Saudi’s empty hotel spaces to make revenue with a German startup
German-based startup NeuSpace, established during the COVID-19 pandemic to support hotels to overcome the plunge in occupancy rates has now started operations in Saudi...
Global Sukuk issuance created a new record in 2020; Refinitiv
Global data provider Refinitiv has revealed that total Sukuk issuances across the globe touched a new record value of $172.1 billion in 2020, compared...
Saudi Arabia’s FII brings together global leaders to address economic trends
The fourth edition of Saudi Arabia’s annual investment forum Future Investment Initiative (FII) will be held under the theme ‘The Neo-Renaissance’ by bringing together...
SAMA encourages M&A deals in insurance sector
The Saudi Central Bank (SAMA) has issued a statement to motivate companies in the insurance sector to consider merger and acquisition (M&A) deals.
SAMA highlighted...
Saudi to support economic growth, more IPO’s with long term loans
The Project Support Fund of Saudi Arabia has signed an agreement with Tadawul, the kingdom's stock exchange, to provide listed companies with long-term loans...
Huawei to set up its largest store outside China in Saudi
Chinese multinational technology company Huawei has partnered with Saudi Arabia-based developer Kaden Investment to set up its largest flagship store outside China in Riyadh.
Huawei’s...
