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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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Saudi news

The Central Bank of Saudi Arabia launches an update to the unified policy for compulsory vehicle insurance

The Central Bank of Saudi Arabia announced the update of some of the articles of the unified policy for compulsory…

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Saudi news

Al Rajhi Bank recommends distributing 12.5% ​​cash dividends for the year 2022

The Board of Directors of Al-Rajhi Bank recommended distributing cash dividends to shareholders of 12.5% ​​of the capital (equivalent to…

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Economy

World Bank warns global economy could tip into recession in 2023

Follow-ups -eshrag News: HOUSTON: Oil prices were little changed in choppy trading on Tuesday as the market awaited the Federal…

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Economy

​​SABB pens deal with Saudi Electricity Co. to automate bank guarantees

Follow-ups -eshrag News: RIYADH: Saudi Arabia’s success in attracting a record amount of investment of $32 billion last year is…

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Economy

Islamic Development Bank pledges $4.2bn for Pakistan’s climate rebuilding efforts

Follow-ups -eshrag News: Mon, 2023-01-09 15:01 GENEVA: The Islamic Development Bank has pledged $4.2 billion over the next three years…

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Economy

CEO of Türkiye’s top bank says capital boost to help it drive economy in 2023 

Follow-ups -eshrag News: RIYADH: Saudi Arabia’s Tadawul All Share Index extended last week’s cautious stance as it closed flat —…

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Saudi news

Amending a facility agreement with Al Rajhi Bank for 231 million riyals

“Halwani Brothers” announced that it had signed an amendment to an existing banking facilities agreement in compliance with the provisions…

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Saudi news

Aramco oil pipeline investors raise $1.7 billion from a bank loan

The consortium that won the Aramco oil pipeline deal obtained a loan of about $1.7 billion to finance the new…

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