This technology permits beneficiaries to verify bank guarantees automatically
Out of the e-commerce startups, 54.2 percent have a cash runway of less than six months
This was despite an increase in revenues by 28.3%
NCB's net profit was $745.5mln for the period that ended March 31
The report comes a day after the $300 billion Public Investment Fund (PIF) disclosed its stakes in major U.S. companies including Boeing, Facebook and Citigroup
Mortgage lending is also expected to tick up in the coming years following the relaxation of capital requirements by the Saudi Arabian Monetary Authority
The duration of the credit facility is 12 months
The licence will allow Moelis to conduct arranging and advisory activities in the kingdom, the CMA said.
China, Hong Kong, Saudi Arabia, Brazil and Turkey had all seen the biggest total drop in reserves, the bank said.
The market is seeing the actions as being supportive of fiscal discipline