SAMA Launches Regulatory Sandbox for Financial Institution’s and Fintechs
The Saudi Arabian Monetary Authority (SAMA) has begun designing a Sandbox regulatory environment to understand and assess the impact of new technologies in the financial services market in the Kingdom and to help transform it into an intelligent financial center, allowing local …
Saudi Arabia to start first phase of Neom project
Construction work is expected to start in the first quarter of 2019 and will be completed in 2020 Homes in NEOM Bay, part of $500bn mega-city, to be marketed to international buyers LONDON: Saudi Arabia announced on Wednesday that it will start developing …
Russia’s RDIF to boost investment deals in Saudi Arabia
Fund’s CEO Kirill Dmitriev leads a delegation of more than 20 Russian business figures to the Kingdom The delegation discussed projects in oil refining, petrochemical, gas chemical and oilfield services RIYADH: Russian sovereign wealth fund RDIF said on Wednesday it would …
KSA to set up first Special Economic Zone in Riyadh.
Saudi Arabia announced the establishment of a special economic zone (SEZ) on Sunday, the Saudi Press Agency reported. The zone, the first of its kind in the world, will be developed in Riyadh. It will focus on integrated logistics and will …
Lebanon and Saudi Arabia ties
Saudi Investment potential and financial ties flagged up by the Lebanese Prime Minister LONDON: Lebanese Prime Minister Saad Al-Hariri highlighted the potential for strong commercial and investment ties between Lebanon and Saudi Arabia at a conference in London on Thursday. He described …
News Roundup: November proving to be a high for Saudi’s private sector.
The month of November proving to be a high for Saudi’s private sector. Saudi Arabia’s non-oil private sector grew at its fastest rate this year in November.The Emirates NBD Purchasing Managers’ Index (PMI) for Saudi Arabia rose to 55.2 in November from …
Success of the Future Investment Initiative 2018
At least 25 deals worth more than $50 billion have been signed at future investment initiative (FII) in Riyadh. The Future Investment Initiative (FII) also known as “Davos in the Desert” is an annual investment forum held in Riyadh, Saudi Arabia, to …
Amaala “The Riviera of the Middle East”
To help the economic diversification in Saudi Arabia, the public investment fund (PIF) announced plans for a new project that will sit alongside NEOM and the Red Sea project. It is addressed to be part of the giga-projects investment portfolio. The project …
Dawn of a new age: Microsoft’s Samer Abu-Latif
Arabian business: Samer Abu-Ltaif, Microsoft’s Middle East and Africa president, talks about Microsoft’s impact on regional economies, and its work in helping prepare the young ambitious tech people for the future. For most companies in the region success is measured by metrics …
Challenges of Saudi’s health sector
The kingdom of Saudi Arabia is widely known for having the largest Health sector among all middle eastern countries with an expenditure exceeding SR150 billion ($40 billion). Tawfiq AL-Rabiah the minister of Saudi Arabia say’s that the challenges in the sector are …
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