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Saudi lender Samba to raise $500 mln in bonds
The bank, which ranks behind National Commercial Bank and Al Rajhi Bank, among the biggest Saudi lenders by total assets, has hired Citigroup and Standard Chartered to arrange the debt sale, which is expected to close later on Wednesday.
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IHG expands footprint into Saudi Arabia with office opening
Saudi Arabia has been described by IHG as a “priority market” for the Middle East, with a current portfolio of 33 hotels and 20 hotels in the pipeline, set to open in the next three to five years.
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Foreigners Boost Investments in Saudi Stock Market
Foreign investors have boosted the size of their investments in the Saudi stock market. They pumped about SAR740.5 million ($197.4 million) to buy shares of Saudi firms listed in the local market, amid a marked increase in the ownership rates of foreign investors in the local financial market.
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Saudi energy minister welcomes Russia’s Novak reappointment
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said he welcomes the reappointment of Alexander Novak as Russia’s energy minister adding it was important for Saudi and Russian cooperation within the OPEC+ group. “I’m so happy his term was extended,” he told Reuters after meeting Kirill Dmitriev, the head of Russian Direct Investment Fund on the sidelines of the World Economic Forum in Davos.
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In Israel, a concentration camp survivor has lived her life as a Muslim
As world leaders — including U.S. Vice President Pence — prepared to gather in Jerusalem this week to mark the 75th anniversary of the liberation of Auschwitz, Jabarin was sharing a survivor’s memory unlike any other, a history of love and hate that exposes not just the power of transformation, but the blindness of prejudice.
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5 Saudi Brands You Should Be Following
From fine jewellery and haute footwear to chic bags and sustainable fashion, here are 5 Saudi brands to follow.
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Why Saudi Arabia and the UAE Aren’t Bothered by India’s Citizenship Amendment Act
This early 2000s was precisely when a shift in the thinking of Riyadh and Abu Dhabi was starting to become visible, in alignment with the much-celebrated rise of the Indian economy as the major growth story in Asia, along with China.
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How GCC’s smart cities will tackle urbanization challenges
In 2017, 17 out of 22 Arab League countries had more than half their populations living in urban areas. With further population increases predicted in MENA countries, experts say implementation of policies designed to reap the benefits of planned urban growth is of the essence.
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Saudi minister sees tech-savvy youth help the region return to growth
Saudi Communications Minister Abdullah Alswaha said he believed the Middle East would return to a growth path despite a number of headwinds facing Arab economies that were highlighted on the opening day of the World Economic Forum in Davos. His comments struck an upbeat note on a day otherwise characterized by concerns over threats from climate change to cybersecurity.
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Trump weighs travel ban expansion in coming days
The Trump administration is eyeing seven countries for new immigration restrictions three years after its original order, which created an uproar for targeting Muslim-majority nations.
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