Tuesday, July 23, 2024
Today's News
Tuesday, July 23, 2024
Today's News

Saudi Arabia

What’s causing the deaths during this year’s Hajj pilgrimage in Saudi Arabia?

Many people are believed to have died during the Hajj pilgrimage in Saudi Arabia, mostly because of extreme heat with temperatures over 51°C (123°F). An Arab diplomat told AFP news agency that 658 Egyptians had died. Indonesia reported over 200 deaths among its citizens, and…
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Ammar Al Khudairy steps down as chairman of Saudi National Bank after Credit Suisse fiasco

Ammar Al Khudairy had actually claimed his bank would certainly not make anymore payments to Credit Suisse Riyadh: Ammar Al Khudairy, the chairman of Saudi National Bank and also which is Credit Rating Suisse Team AG's biggest investor, has actually resigned simply days after his…
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SNB appoints Saeed Mohammed Al-Ghamdi as new chairman

RIYADH: Saudi National Financial institution has actually designated Saeed Mohammed Al-Ghamdi as its new chairman following the resignation of Abdul Wahed Al-Khudairy from his message citing individual factors, it was announced on Monday. The financial institution additionally designated Talal Ahmed Al Khereiji as the brand-new…
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Aramco CEO affirms support to ensure China’s energy security

RIYADH: Global power titan Saudi Arabian Oil Co. has attested its assistance for China's long-term power safety and also advancement, as the Riyadh-based business works closely with Chinese entities to fulfill lasting targets, its chief executive officer stated. Speaking at the China Development Discussion Forum…
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Global investors increasingly attracted by Saudi Arabia’s incredible economic progress, say top officials at Franklin Templeton

RIYADH: Driven by giga-projects as well as economic reforms under the Vision 2030 program, Saudi Arabia has actually become an attractive location for capitalists, stated leading officials at international asset administration company Franklin Templeton. Speaking to Arab Information in a special interview, Salah Shamma, head…
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UAE poised to overtake Saudi Arabia as leading real estate market in GCC

Dubai leads the cost as UAE's realty sector gains energy in 2023 "The innovative frame of mind of the UAE's forward-thinking management has aided the country rank 31st globally, and also first regionally, in the Worldwide Technology Index. A readiness to push the limits of…
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SAMA and GCC banks follow Fed’s 25 bps interest rate hike

Yearly rising cost of living rate in Saudi Arabia eased to 3 percent in February, official data shows RIYADH: The Saudi Central Bank has increased its interest rate by 25 basis points to 5.5 percent, echoing Wednesday's action by the US Federal Get to curb…
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Saudi real estate rental deals up 81% to reach $20.2bn

Saudi Arabia's domestic and industrial lease offers practically increased in worth in 2014 to get to SR76 billion ($ 20.2 billion) contrasted to SR41.9 billion in 2021. According to data by the Real Estate General Authority Ejar, the overall worth of commercial lease purchases totaled…
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SABB named market leader in trade finance in Saudi Arabia by Euromoney

The Saudi British Bank has actually been identified by Euromoney as the "Best Trade Money Company" and also "Market Leader" in Saudi Arabia for 2023. This is the seventh succeeding year that SABB has actually been granted as the marketplace leader, extensively recognizing SABB as…
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Saudi, UAE investors plan to invest in SpaceX – The Information

An unit of Saudi Arabia's mutual fund as well as an Abu Dhabi-based business are preparing to buy a multi-billion dollar financing round for Elon Musk-led SpaceX, The Information reported on Wednesday, citing people accustomed to the conversations. The funding round is anticipated to value…
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