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Financials and Investment News in Saudi Arabia

CSC To Participate in Sarajevo Business Forum
4/23/2018 - A delegation representing the Council of Saudi Chambers (CSC) will participate in Sarajevo Business Forum to be held in Sarajevo, Bosnia and Herzegovina, during April 25-26, 2018.

The Forum i...
Cypriot Foreign Minister Praises Saudi Vision 2030, Considering It an Ambitious Economic Plan
4/30/2018 - Minister of Foreign Affairs of the Republic of Cyprus Nikos Christodoulides has praised the Saudi Vision 2030, considering it an ambitious economic plan to achieve high development rates, assuring his...
Euromoney Saudi Arabia Conference 2018
5/1/2018 -  Mohammed Al-Jadaan, Minister of Finance, Kingdom of Saudi Arabia, will open the two-day 13th Euromoney Saudi Arabia Conference (May 2), bringing together hundreds of international banking leaders an...
Finance Minister: KSA Enjoys Great Economic Weight Regionally, Globally 2 Riyadh
5/2/2018 - On the positive progress being achieved by the Kingdom's government in the economic and structural reform programs, including the financial measures, the Minister of Finance said that the announcement...
Muscat Securities Market Closes At 4730 Points
5/3/2018 - Muscat, Sha'ban 17, 1439, -- Muscat Securities Market (MSM) general index (30) today lost (0.44) point, comprising a decline by (0.01%) to close at (4730.83) points, compared to the last session, ...
2018 A Turning Point in Makkah Region: Minister Of Transport
5/6/2018 - The sessions of the Makkah Region Economic Forum started . It is being held under the title “From Vision to Accomplishment...Invest in Makkah” under the patronage of Prince Khaled Al-Faisal, emir of M...
Saudi Banks’ Net Profit Grows 8.7% in 2017: KPMG
5/6/2018 -  The Saudi banking sector maintained a year-on-year growth in 2017 with 8.7 percent increase in net profit and 0.4 percent rise in total assets, KPMG’s said in its recently released version of the GCC...
IMF:Saudi Arabia’s Economy Seen To Grow To 1.7% in 2018
5/6/2018 -  Following the rise in crude oil prices, IMF has marginally raised Saudi Arabia’s 2018 economic growth forecast to 1.7% (previous: 1.6%).

This is expected to further accelerate to 1.9% in 20...
Prince Khalid Al-Faisal Patronizes Launch Of Makkah Region Economic Forum
5/6/2018 - Prince Khalid Al Faisal Bin Abdulaziz, Advisor to the Custodian of the Two Holy Mosques and Governor of Makkah Region, patronized the activities of the Makkah Region Economic Forum on Sunday evening.<...
The project will include three production lines for manufacturing paper products
5/6/2018 - Head of the Industrial Development Authority (IDA) Ahmed Abdel Razek said that a Saudi company has decided to establish a paper production factory worth EGP500 million in Alexandria. The proj...
Saudi-Finnish Business Meeting Reviews Economic Cooperation and Partnerships
5/7/2018 - Saudi-Finnish Business Meeting, organized by the Council of Saudi Chambers (CSC), reviewed economic cooperation, investment and trade partnerships opportunities between the Kingdom of Saudi Arabia and...
Muscat Securities Market Declines 20 Points
5/8/2018 - Muscat Securities Market (MSM) general index (30) lost (20.36) points, comprising a decline by (0.43%) to close at (4691.37) points, compared to the last session, which stood at (4711.73) points.
The Ministry Of Finance Releases Its Q1 2018 Budget Performance Report
5/8/2018 - Minister of Finance Mohammed Al-Jadaan has announced the Q1 budget performance report for the fiscal year 2018.

The report showed significant growth in non-oil revenues and anticipated expen...
Makkah Economic Forum Kicks Off Year
5/8/2018 - The Makkah Economic Forum has lined up a series of highly engaging activities spread across the entire year to involve the private sector as an active partner in the region’s development programs and ...
Makkah Economic Forum Kicks Year-Long Activities to Engage Private Sector in Region’s Development
5/9/2018 -  The Makkah Economic Forum has lined up a series of highly engaging activities spread across the entire year to involve the private sector as an active partner in the region’s development programs and...
Saudi Grains Organization to Import 1.5 Million Tons of Fodder Barley
5/10/2018 - Saudi Grains Organization announced its 4th tender for this year to import 1.5 million tons of fodder barley during the period July-August 2018 on board 25 ships through the Kingdom's ports on the Ara...
Council of Economic and Development Affairs Approves “Financial Sector Development Program”
5/10/2018 - The Council of Economic and Development Affairs (CEDA, has formally approved the Financial Sector Development Program, one of the 12 programs previously announced by CEDA to achieve Saudi Vision 2030....
Investors Anticipate Significant Surgei In Saudi Equity Market
5/13/2018 - The Saudi equity market is gaining momentum as it heads for possible inclusion in MSCI’s influential emerging market index in 2018, following the FTSE upgrade as an emerging market last month.

...
Saudi Fransi Capital Announces Successful Conclusion Of Bonyan REIT IPO
5/15/2018 - Saudi Fransi Capital announces the successful conclusion of the initial public offering (IPO) of Bonyan REIT, the largest REIT to be offered to date in the Kingdom.
The fund has a size of SR1...
ACCA, UBT CEC Collaborate To Build Finance Expertise In Saudi Arabia
5/15/2018 - The Association of Chartered Certified Accountants (ACCA) and the Continuing Education Center (CEC) of the University of Business and Technology (UBT) in Jeddah are collaborating to develop the financ...

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