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Financials and Investment News in Saudi Arabia

Saudi: Minister of Trade Meets Swiss Minister of Economic Affairs, Education and Research
7/17/2017 - Minister of Trade and Investment Dr. Majid bin Abdullah Al-Qasabi met in Jeddah with the Minister of Economic Affairs, Education and Research Johann Schneider-Ammann.

During the meeting, the...
Saudi Inflation Persists as Weak Demand Weighs on Growth
7/19/2017 - Saudi Arabian consumer prices dropped again in June, reflecting the nation’s worst economic slowdown since 2009 as the kingdom struggles to cope with low oil prices.

The economy shrank 0.5 p...
Saudi Finance Ministry Says Domestic Sukuk Programme Established
7/23/2017 - An unlimited SAR-denominated Sukuk Program has been completed to issue and offer Sukuk in multiple issuances to investors, pursuant to the Saudi Royal Decree approving the budget, the Saudi Ministry o...
Finance Ministry Issued Its 2nd Quarterly Report on Performance of State's Budget
8/14/2017 - The Ministry of Finance announced that total revenues for the second quarter of the fiscal year 1438/1439H (2017) amounted to SR 163,906 billion, registering a rise of 6% over the same quarter last ye...
Saudi Arabia's Consumer-Related Shares Buck Weak Regional Trend
8/27/2017 -  Domestic demand-focused companies were the top performers in Saudi Arabia early in an otherwise quiet stock market, while other bourses in the region were weak.

The Riyadh index was up 0.1 p...
Saudi Arabia’s Economic Overhaul Claims a Victim
9/14/2017 - At a Riyadh office of construction giant Saudi Oger Ltd., dust covers the desks, cigarette butts and empty water bottles litter the floor, and the mailbox is stuffed with crumpled envelopes.

...
Saudi Arabia's Public Investment Fund Launches the Future Investment Initiative
9/19/2017 - The Public Investment Fund of the Kingdom of Saudi Arabia (PIF) announced the launch of the Future Investment Initiative (FII) under the patronage of the Custodian of the Two Holy Mosques, King Salma...
Saudi Bourse May Cheer Move to Allow Women to Drive
9/27/2017 - Saudi Arabia’s stock market may get a boost from news that women will be allowed to drive cars for the first time; the move sends a strong signal that economic reform plans are moving ahead.

...
Saudi Arabia Set to Raise $12.5 Billion from Dollar Bond Sale
9/27/2017 - Saudi Arabia is raising $12.5 billion from its second dollar bond sale this year as the kingdom taps debt markets to bolster its finances amid an economic overhaul.

The government sold $3 bil...
Saudi Down, Kuwait Blue Chips Firm on FTSE Index Decisions
10/1/2017 - The Saudi stock index fell in early trade following news that index compiler FTSE had decided to delay including Riyadh in its secondary emerging market index, while Kuwaiti blue chips were strong af...
Saudi : Custodian of the Two Holy Mosques Inaugurates New Taif Projects
10/2/2017 - The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud inaugurated at Al-Salam Palace here New Taif projects including the new Taif airport, Souq Okaz City, the oasis of technology, t...
Saudi: Vision 2030 Opens New Investment Aspects between Saudi Arabia and Russia
10/3/2017 - During the era of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the bilateral relations between the Kingdom of Saudi Arabia and the Russian Federation witnessed identical vi...
Saudi Aramco IPO on Track For 2018
10/5/2017 - A plan to list Saudi Aramco in 2018 is on track, senior Saudi officials said in Moscow , as Saudi Arabia gears up to sign a string of investment agreements with Russia.

The plan to float arou...
Saudi: Justice Minister Inaugurates Commercial Courts to Boost Investment Environment in Kingdom
10/16/2017 - Sheikh Dr. Walid bin Muhammad Al-Sama’ani, Minister of Justice and Chairman of the Supreme Judicial Council, officially launched commercial courts Sunday, after they had started operating Muharram 1 o...
Saudis Set $500 Billion Plan to Develop Border Region with Jordan, Egypt
10/24/2017 - Saudi Arabia announced a $500 billion plan to create a business and industrial zone extending across its borders into Jordan and Egypt, the biggest project yet in a series of efforts to free the king...
Saudi: Softbank to Work with Saudi Arabia on New City
10/24/2017 - SoftBank Group Corp will work with Saudi Arabia on the development of "Neom", a new business and industrial city announced .

Softbank Group CEO Masayoshi Son said at an investment conference ...
Saudi: Crown Prince Meets Italian Finance Minister
10/25/2017 - Crown Prince Mohammed bin Salman bin Abdulaziz, the Deputy Premier and Chairman of the Economic and Development Affairs Council, who is also Chairman of the Board of Directors of the Public Investment...
Saudi: Crown Prince Meets Presidents of Philips, Mitsubishi and Blackrock Companies
10/25/2017 -  Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Premier, Minister of Defense, President of the Council of Economic Affairs and Development and Chairman of the Board of Directors of the Public ...
Saudi Crown Prince, US Treasury Sec. Discuss Investment, Trade Areas
10/26/2017 - Most important issues in investment and trade areas featured high in a meeting held between Saudi Crown Prince Mohammed Bin Salman Bin Abdulaziz, Deputy Premier, Minister of Defense, Chairman of the C...
Tunisia Will Ask U.S. For A $500 Million Loan Guarantee
10/26/2017 - Tunisia will ask the United States for a $500 million loan guarantee as it prepares to issue bonds on financial markets next year, a senior government official told Reuters .

Tunisia will nee...

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