Browsing: fund

RIYADH: Saudi banks are expected to pursue alternative funding strategies to deal with the rapid expansion in lending, fueled by the demand for new mortgages, according to S&P Global. 

RIYADH: Almost 74,000 Saudi nationals received help securing private sector jobs in the first quarter of 2024 by the Kingdom’s Human Resources Development Fund.   

In March 2024, PIF’s assets under management surpassed $925 billion, up from $700 billion at the end of 2022

Outstanding credit facilities for GCC banks witnessed a healthy q-o-q growth of 2.1% during Q4-2023 with aggregate gross loans reaching $2 trillion, according to Kamco Invest, a regional non-banking financial powerhouse based in Kuwait.

Three-month copper on the London Metal Exchange was up 1.3% at $9,990 a ton in official open-outcry trading after peaking at $10,033.50 for its highest since April 2022

BENGALURU: Countries, mostly middle and lower-income, have been burdened by surcharges on top of interest payments on their borrowings from the International Monetary Fund, widening global inequities, according to a report by US think tanks. 

The International Monetary Fund on Wednesday opened a new regional office in Saudi Arabia’s capital Riyadh.

A donor conference at the United Nations’ European headquarters Tuesday afternoon aims to raise significant pledges towards the $1 billion urgently needed to cover aid for just the next three months

RIYADH: Saudi banks extended loans totaling SR2.65 trillion ($706.3 billion) in February, marking an 11 percent rise from the same month in 2023, according to the latest official data.

CAIRO: Saudi startups continue to demonstrate a pioneering stance by capturing almost half of the region’s total venture funding in the first quarter of the year, underscoring the Kingdom’s growing influence in the regional startup ecosystem.