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Financials and Investment News in Saudi Arabia

Council of Economic and Development Affairs Holds A Meeting in Makkah
6/6/2018 - The Council of Economic and Development Affairs held a meeting at Al-Safa Palace in Makkah evening.

During the meeting, the Council reviewed a number of economic and development issues, inclu...
NMC Partnership To Create New Healthcare Platform In Saudi Arabia
6/11/2018 - - NMC Health plc, a leading private healthcare operator in the UAE, has announced the signing of a non-binding agreement to form a joint venture healthcare platform with Hassana Investment Company, th...
ITFC Provides First Islamic Trade Finance Transaction in Uzbekista
6/13/2018 - The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank Group, and Asia Alliance Bank, a joint-stock commercial bank in the Republic of Uzbekistan signed Wed...
Oxford Business Group Issues Report On Sharjah’s Economic Diversification
6/24/2018 -  The 2018 Oxford Business Group, OBG, report for Sharjah shows that the emirate’s policy of diversification and its success in attracting foreign direct investment is driving the economy towards new h...
2nd Gulf Economic Forum to Kick Off in October in Riyadh
7/1/2018 - The Federation of Chambers of the Gulf Cooperation Council (GCC), the Council of Saudi Chambers (CSC) and the General Secretariat of the Gulf Cooperation Council for the Arab States, in cooperation wi...
Swiss-Belhotel To Open 3 New Hotels in Saudi Arabia By 2019
7/8/2018 - STRENGTHENING its presence in the region, Swiss-Belhotel International will be opening 10 hotels in key destinations across the GCC and Africa by 2019.

Laurent A. Voivenel, Senior Vice Preside...
Saudi Modified Mineral Investment System Preparation Done: Al-Falih
7/9/2018 - The Saudi Ministry of Energy, Industry and Mineral Resources announced Sunday the completion of the modified mineral investment system, which opens the path for investors and the private sector to ben...
Bmg Economic Forum Discusses Ksa's Vision 2030
7/12/2018 - The chairman and CEO of BMG Financial Group, Basil Al-Ghalayini, said that the Kingdom of Saudi Arabia has recently witnessed a package of measures for improving the economic situation through attract...
Investment Opportunities In Makkah To Boost Its Growth
7/12/2018 - The latest mega project in Makkah ‘Rou’a Al Haram Al Makki, announced late last year by the Public Investment Fund, will play a significant role in boosting Makkah’s economic growth and in turn, enhan...
Bmg Economic Forum Discusses Ksa's Vision 2030
7/12/2018 - The chairman and CEO of BMG Financial Group, Basil Al-Ghalayini, said that the Kingdom of Saudi Arabia has recently witnessed a package of measures for improving the economic situation through attract...
Lulu Set To Open Its Largest Hypermarket in Saudi Arabia
7/15/2018 - LuLu Hypermarket is geared to open its largest hypermarket in the Kingdom of Saudi Arabia (KSA) on July 18, 2018.

The new store will mark LuLu’s 150th store milestone and the 13th branch in ...
KSA Chairs 27th Session of Coordination and Follow-Up Committee of Economic and Social Council
7/23/2018 - The Coordination and Follow-up Committee of Economic and Social Council started here yesterday its 27th session chaired by Supervisor of Department of Arab and Islamic Relations at Saudi Ministry of F...
SABIC Gains SAR 6.7 Billion in 2nd Quarter Of 2018
7/28/2018 - Saudi Basic Industries Corporation (SABIC) has gained in the second quarter of 2018 an amount of SAR 6.7 billion, compared to SAR 3.71 billion in the same period last year, a rise by 81%.

Thi...
Social Development Bank Funds 240 Projects Worth SR 46 Million
7/29/2018 - The Social Development Bank has approved the financing of 240 emerging and small projects around the Kingdom with a total value of SR 46 million during the month of Shawwal 1439H.

The Assista...
Amman Stock Exchange Falls
8/8/2018 -  Amman Stock Exchange(ASE) on Wednesday opened trading with a drop to 1987 points from closure at 1988 points.

The market index fluctuated in the first 15 minutes of today's session between ...
Saudi Ports Authority: Handling 24 Million Tons Of Cargo During July 2018
8/8/2018 - The total tonnage of handling cargo in Saudi ports during July 2018 was 24 million tons, an increase of 4.46% over the same period last year, while the number of handling containers reached 566,000, a...
Muscat Securities Market Gains 27 Points
8/8/2018 -  Muscat Securities Market (MSM) general index (30) added (27.37) points, comprising a rise by (0.62%) to close at (4447.71) points, compared to the last session, which stood at (4420.34) points.
Muscat Securities Market Loses 24 Points
8/12/2018 - Muscat, Dhu-AlHijjah 01, 1439, August 12, 2018, Muscat Securities Market (MSM) general

index (30) today lost (24.86) points, comprising a decline by (0.56%) to close at (4406.35) points, co...
Musk Says Saudi Fund Supports Tesla Buyout, Talks Continue
8/13/2018 - Tesla Chief Executive Elon Musk said he was still in talks with potential backers of a possible buyout of the company, including Saudi Arabia's sovereign wealth fund, but had not completed securing th...
Saudi Arabia’s Non-Oil Private Sector Growth Somewhat Slow
8/13/2018 - Saudi non-oil private sector growth fractionally slower in July, the June data from the Emirates NBD Purchasing Managers’ Index (PMI) for Saudi Arabia released showed.

The survey, sponsored ...

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