Browsing: finance

Alfa Bank has applied to the Chinese authorities to open offices in Beijing and Shanghai, according to the outlet

WASHINGTON – Six months ago the world’s major central banks were primed for a move that anyone with a credit card or hoping to buy a home or run a business would cheer: A global shift to lower interest rates that would make borrowing cheaper and loans more available across the board.

RIYADH: The digital revolution within Saudi Arabia’s banking sphere has significantly enhanced the nation’s economic panorama, facilitating effortless financial transactions for customers, experts have told Arab News.

RIYADH: Saudi Arabia’s “unprecedented economic transformation” is progressing well thanks to prudent government policies and successful diversification efforts, according to the International Monetary Fund.

RIYADH: The foreign currency reserves and liquidity of the Qatar Central Bank soared by 3.96 percent year-on-year, reaching 249.165 billion riyals ($68.4 billion) in May 2024, compared to 239.664 billion riyals in the same period last year.

Pakistan is reportedly asking the UAE for a rollover of its $1 billion loan before its maturity period, according to multiple reports in local media.

CAIRO: Saudi Arabia-based fintech Simplified Financial Solutions Co. has closed a $10 million seed round led by Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund, and RAED Ventures.  

RIYADH: A Brazilian firm is looking to tap Saudi investors in an attempt to launch a $600 million fund to support the South American country’s climate and energy sector.  

TEHRAN (Tasnim) – Iran’s deputy minister of roads said India has agreed to allocate $1 billion to the project on…

RIYADH: Saudi Arabia’s Public Investment Fund has initiated plans to issue sterling-denominated bonds, according to Arab News sources. The…