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Saudi news

The Saudi Investment Bank starts issuing the second issue of sukuk

The Saudi Investment Bank announced the launch of the second issuance of the Sukuk Program from the first tranche denominated…

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Economy

Saudi banks’ profits up 21% in December, central bank data shows

Follow-ups -eshrag News: RIYADH: Saudi Arabia’s Tadawul All Share Index fell 28.81 points — or 0.27 percent — on Monday…

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Economy

Jordan’s Arab Bank reports 73% surge in profit to $544m in 2022

Follow-ups -eshrag News: DHAHRAN: Dhahran Expo Center will host Saudi Aramco’s seventh edition of the annual ‘In Kingdom Total Value…

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Economy

Saudi Arabia’s central bank issues draft banking system for public consultation

Follow-ups -eshrag News: RIYADH: Saudi Arabia’s commercial real estate sector is witnessing an upturn as the Kingdom’s plan to diversify…

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Saudi news

The “Saudi Central Bank” explores opinions on the “banking system” project

The Central Bank of Saudi Arabia has put forward the “Banking System” project to request public consultations, calling in this…

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Saudi news

Equipment House signs a credit facilities agreement with Alinma Bank for 265 million riyals

The Medical and Scientific Equipment House Company announced the signing of a credit facilities agreement with “Alinma Bank”, at a…

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Economy

UAE banks’ gross assets rise 0.7% to reach $990bn in November: Central Bank 

Follow-ups -eshrag News: Tue, 2023-01-24 13:17 RIYADH: The gross assets of UAE banks, which includes bankers’ acceptances, increased by 0.7 percent…

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Economy

Saudi Central Bank continues to test its digital currency

Follow-ups -eshrag News: UAE banks’ gross assets rise 0.7% to reach $990bn in November: Central Bank  RIYADH: The gross assets of UAE banks, which…

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Saudi news

The Saudi Central Bank licenses two financial companies to engage in debt crowdfunding

The Central Bank of Saudi Arabia announced the licensing of two new financial technology companies in the activity of crowdfunding…

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Saudi news

“Zahrat Al-Waha” announces the renewal of a credit facilities agreement with “Alinma Bank” for 60 million riyals

Zahrat Al-Waha Trading Company announced the renewal of the Sharia-compliant credit facilities agreement from Alinma Bank, at a value of…

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