Sunday , 19 August 2018

Tag Archives: Saudi

Saudi-based ITFC, Federated Investors to launch $300mln trade finance fund

The sharia-compliant fund is expected to launch later this year and would invest in energy-related structured trade, supply chain financing and project finance assets of sovereign entities The Saudi-based International Islamic Trade Finance Corp (ITFC) said on Thursday it would launch a $300 million fund alongside U.S. fund manager Federated Investors, aiming to tap trade finance opportunities in Muslim-majority countries. The sharia-compliant fund …

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Saudi’s growing e-commerce market offers global tech opportunities

Saudi Arabia’s e-commerce sector is set to explode, and the IT sector in the country will see increased demand as a result The battle for Saudi Arabia’s e-commerce market is hotting up, after US tech giant Amazon purchased Gulf retailer Souq.com last year, in a bid to spread its reach into the kingdom. Meanwhile, Saudi Arabia’s first homegrown mega e-tailer, …

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Hey, big spender: UAE and Saudi firms among the most confident in terms of investing this year, says Amex

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Executives from the United Arab Emirates and Saudi Arabia were among the most confident in the world when it comes to spending on their business, according to a new survey by credit card firm American Express (Amex). The …

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Saudi businesswomen eye greater role in the economy with end to driving ban

The end of the driving ban will boost women’s financial power Saudi Arabia – The end of the driving ban will boost women’s financial power and allow them to play a bigger role in economic and social diversification in line with Vision 2030, prominent businesswomen said on Friday. Hind Khalid Al-Zahid was the first Saudi woman designated as an executive …

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Newly empowered Saudi women to help drive growth at Al Rajhi Bank

Female demand for cars to lift loan opportunities, says CEO Saudi women get the right to drive and have more chances to work, increased economic activity among an entire half of the population is an opportunity for banks, the head of one of them said. Al Rajhi Bank, Saudi Arabia’s second largest by assets, has opened 133 female-only branches and …

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A ringing success: Saudi spending on telecom services hits $36 billion in 2017

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day By Nada Al Rifai, ZAWYA The volume of spending on telecommunications and information technology services in Saudi Arabia reached more than 136 billion Saudi riyals ($36 billion) last year, according to official sources. The revenues from telecommunications services …

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A ringing success: Saudi spending on telecom services hits $36 billion in 2017

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day The volume of spending on telecommunications and information technology services in Saudi Arabia reached more than 136 billion Saudi riyals ($36 billion) last year, according to official sources. The revenues from telecommunications services also amounted to about 70 …

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Saudi extends licences for foreign investors for up to five years

Foreign investor licences currently only last for 12 months. By Nada Al Rifai, ZAWYA Saudi Arabia’s General Investment Authority (SAGIA) has extended the licensing period for foreign investors to five years – up from one year at present. A statement sent by SAGIA to Zawya said that the licensing period can also be renewed upon expiry of the five-year period, …

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Ripple effect: Saudi’s crypto experiment can save hundreds of millions, says Moody’s

By: Staff Writer, ZAWYA Saudi Arabia could save itself hundreds of millions of dollars in foreign currency exchange fees if its pilot programme to use blockchain for cross-border payments is rolled out, according to credit ratings agency Moody’s. In a note published on Monday evening, Moody’s said that an agreement last Wednesday between United States-based financial technology (fintech) company Ripple …

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UBS names ex-Investcorp exec as Saudi ultra high net worth head

UBS Group has appointed former Investcorp executive, Gabriel Aractingi, as head of its ultra-high net worth business in Saudi Arabia. UBS Group UBSG.S has appointed former Investcorp executive, Gabriel Aractingi, as head of its ultra-high net worth business in Saudi Arabia from February 1, the bank said in an email. Aractingi previously headed the Saudi business for Bahrain-based Investcorp INVB.BH …

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