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Posts filtered by tags: ReutersSaudi Arabia[x]


 

#SaudiArabia to allow more digital banks, central bank governor says | Reuters

Saudi Arabia to allow more digital banks, central bank governor says | ReutersSaudi Arabia will give operating licences to more digital banks, Central Bank Governor Fahad al-Mubarak said on Thursday at a financial forum in Riyadh.The kingdom this year issued licences for its first digital banks, STC Bank and Saudi Digital Bank. read more [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Central Bank, Reuters, Riyadh, Rupert Neil Bumfrey, Fahad al Mubarak, ReutersSaudi Arabia, STC Bank, Saudi Digital Bank


#SaudiArabia working on 160 privatisations, says finance minister | Reuters

Saudi Arabia working on 160 privatisations, says finance minister | ReutersSaudi Arabia is working on 160 privatisations and intends to announce more next year, Finance Minister Mohammed al-Jadaan said on Thursday.Speaking at a financial forum in Riyadh, he said plans to privatise assets in the education and logistics sectors were ongoing.Earlier this year Saudi Arabia suspended the privatisation of the Ras Al Khair desalination and power plant, one of a number of state assets the government aim...
Tags: Travel, Saudi Arabia, Reuters, Riyadh, Rupert Neil Bumfrey, Mohammed al Jadaan, Ras Al Khair, ReutersSaudi Arabia


#Saudi bourse Tadawul receives proposals from 10 firms seeking advisory roles for IPO | Reuters

Saudi bourse Tadawul receives proposals from 10 firms seeking advisory roles for IPO | ReutersSaudi Arabia’s bourse Tadawul has received proposals from 10 local and international firms on potential advisory roles for its upcoming initial public offering (IPO), Group Chief Executive Khalid al-Hussan said on Wednesday.“In the next two weeks, we will be announcing the appointment of the advisor or advisors of that offering,” al-Hussan told Reuters.Saudi Arabia’s stock exchange has converted itself ...
Tags: Travel, Reuters, Tadawul, Reuters Saudi Arabia, Rupert Neil Bumfrey, Khalid Al Hussan, HUSSAN, ReutersSaudi Arabia, Saudi Tadawul Group


#Saudi cement firm postpones capital reduction plan amid private sector push | Reuters

Saudi cement firm postpones capital reduction plan amid private sector push | ReutersSaudi Arabia’s Yanbu Cement Co said on Monday it was postponing a recommendation to decrease its capital to support Saudi government plans requiring the private sector to invest in the local economy.Yanbu Cement, listed on the Saudi stock exchange Tadawul, had said in January its board had recommended a capital reduction to 1 billion riyals ($266.65 million) from 1.575 billion riyals as the capital exceeded the ...
Tags: Travel, Saudi Arabia, Reuters, Tadawul, Mohammed bin Salman, Rupert Neil Bumfrey, Yanbu Cement, ReutersSaudi Arabia, Yanbu Cement Co


#Saudi private sector to invest $1.3 trillion in diversification by 2030: Crown Prince | Reuters

Saudi private sector to invest $1.3 trillion in diversification by 2030: Crown Prince | ReutersSaudi Arabia’s Crown Prince Mohammed bin Salman said on Tuesday the local private sector will invest 5 trillion riyals ($1.3 trillion) between now and 2030 as part of new programme to help diversify the economy.The private sector investment is part of the 12 trillion riyals worth of investments in the economy planned by 2030, Prince Mohammed said in a televised speech.The amount also includes 3 trillio...
Tags: Travel, Mohammed, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey, Public Investment Fund PIF, ReutersSaudi Arabia


#Saudi wants OPEC+ to extend oil cuts into June, source says | Reuters

Saudi wants OPEC+ to extend oil cuts into June, source says | ReutersSaudi Arabia is prepared to support extending oil cuts by OPEC and its allies into June and is also ready to prolong its own voluntary cuts to boost prices amid a new wave of coronavirus lockdowns, a source briefed on the matter said on Monday.After steady oil price gains earlier this year, OPEC and its allies, known as OPEC+, had hoped to ease output cuts.But a fresh wave of lockdowns to prevent a new surge in the virus has pu...
Tags: Travel, Saudi Arabia, Opec, Reuters, Rupert Neil Bumfrey, ReutersSaudi Arabia


#SaudiArabia fourth quarter GDP down from previous year but up on third quarter as COVID-19 impact eases | Reuters

Saudi Arabia fourth quarter GDP down from previous year but up on third quarter as COVID-19 impact eases | ReutersSaudi Arabia’s economy shrank 3.9% year on year in the fourth quarter but rose 2.5% from the previous three months, according to data on Tuesday that showed an upturn from the depths of the coronavirus pandemic towards the end of 2020.The oil sector contracted by 8.5% and the non-oil sector by 0.8% from the same period of 2019, Saudi Arabia’s General Authority for Statistics said.But...
Tags: Travel, Saudi Arabia, Reuters, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey, General Authority for Statistics, Monica Malik, ReutersSaudi Arabia


#SaudiArabia's PIF signs $15 billion loan | Reuters

Saudi Arabia's PIF signs $15 billion loan | ReutersSaudi Arabia’s sovereign wealth fund, the Public Investment Fund, said on Wednesday it has signed a $15 billion multi-currency revolving credit facility with a group of 17 banks, which it said gives it access to extra capital that can be deployed quickly when needed.Reuters reported last month that PIF could raise between $13 billion and $15 billion, according to one source. Sources said the one-year facility could be renewed four times. [Au...
Tags: Travel, Saudi Arabia, Reuters, Rupert Neil Bumfrey, Public Investment Fund, ReutersSaudi Arabia


#Saudi slips in early trade; #Dubai edges up | Reuters

Saudi slips in early trade; Dubai edges up | ReutersSaudi Arabia’s stock market fell early on Sunday, hurt by financials and petrochemical shares, while gains in top lender Emirates NBD supported the Dubai index.The Saudi benchmark index .TASI declined 0.6%, with the country's largest lender National Commercial Bank 1180.SE dropping 1.2% and Saudi Basic Industries Corp (SABIC) 2010.SE losing 0.7%.SABIC, the Gulf’s largest petrochemical firm, reported a net profit of 1.09 billion riyals ($290.64 ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Yemen, Gulf, Jizan, Reuters, Emirates NBD, SABIC, Saudi Basic Industries Corp, Abha, Qatar Islamic Bank, Tasi



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