Financial Services KSA Edition
Latest News
Saudi Marketing renews $55.58mln loan deal with NCB
The finance period extends from April 2018 until the end of March 2019
GIB on track to become local bank in Saudi Arabia
Currently, GIB operates in Saudi Arabia as branches of GIB Bahrain
UAE's Shuaa Capital to boost foothold in Saudi Arabia, Kuwait, Egypt
The Saudi market is so important and full of growth potentials and opportunities
Emirates NBD KSA, Kafalah Program renew partnership
Kafalah Program is a collaboration between the Ministry of Finance which aims to promote financing for SMEs within the Kingdom
Uber rolls out new driver insurance in Saudi Arabia
Uber has signed up 200,000 drivers in Saudi Arabia
Saudi Arabia start-ups raise $3mln funding in Q2 2018
Individual investors were the most active in terms of funding size
Indian interest rate hike unlikely to affect expats
Given increase in crude prices and higher inflation expectations, one or two more increases are likely in 2018
Saudi's PIF aims to raise between $6-8bln in first loan: sources
The Public Investment Fund (PIF) issued a request for proposals to banks several weeks ago
CEO confirms Credit Suisse seeking Saudi banking license
Swiss bank is seeking a full banking license in the Middle East's biggest economy.
Saudi banks' deposits shrink as government pulls back funds
Eight of the top 12 Saudi banks reported lower deposits in their second-quarter earnings
Insights
Global economic outlook is darkening: Kemp
Economic growth remains strong in the United States, but in much of the rest of the world clear signs of slackening momentum
Gold's tentative positive China, India signals blown away by Trump, Turkey: Russell
The latest travail for gold is to be found in Turkey's currency crisis
China's stealth housing support is looking wobbly
Officials are tweaking a $470bln program through which the People’s Bank of China effectively provides lenders with cheap loans
