The platform is expected to help Mashreq respond more efficiently to the funding needs of local businesses and address capital diversification too
Last year, Saudi Arabia restricted the hajj pilgrimage to Makkah to a ‘very limited’ number of Muslims
He previously held the fund’s general manager’s post
PMI in the United Arab Emirates rose to 52.7 from 52.6 in March, the highest since July 2019
Brent crude has gained over 30 per cent this year to top $68 a barrel
Fines ranging from SAR100,000 to up to SAR1m will be imposed on those found guilty of ‘spread rumours or false information’ on social media
The new minister, Faisal Alibrahim, had been vice minister of economy and planning since 2018
Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year
Citizens under the age of 18 are permitted to travel, provided they submit an insurance policy approved by the Saudi Central Bank prior to doing so
The project is linked to existing plans to build up automotive infrastructure in the country
Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter
Upon completion, the wider development strategy for AlUla in 2035 aims to deliver 38,000 new jobs
The ‘Journey Through Time’ Masterplan is an enormous opportunity for the local residents
The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed
An investigation is ongoing
The financing is the first riyal-denominated credit facility to receive green financing accreditation
The company is also conducting a strategic review of its upstream business
Visitors are subject to strict Covid-19 precautionary protocols
The company reshuffled its senior management last year and created a division focused on portfolio optimisation
The company raised $6m in seed funding at the start of this year
Saudi Arabia raised $800m from the recent sale of two flour mills, which followed two other mill sales of $740m last year
The kingdom will resume international flights on May 17
Jameel Fund for Infectious Disease Research and Innovation to provide grants of up to $65,000
It will have a tenor of 15 years and an interest rate of about 1 per cent above the Saudi interbank offered rate
The Shams Ar Riyadh project is located in an area north of Riyadh, on the King Khalid Road
The kingdom’s first Reel Cinemas venue will feature 14 screens
Digital transformation key to travel industry recovery
Coalition forces in the kingdom destroyed five ballistic missiles and four armed drones launched from Yemen in the latest attacks
The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list
The Houthis have stepped up missile and drone strikes against Saudi Arabia in recent months