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Last Updated: Sun, May 29 2016 | 8:31 AM |
Saudi Arabia says no plans to change exchange rate policy
Politics & Economics»

Saudi Arabia says no plans to change exchange rate policy

Friday, 27 May 2016 2:45 AM

Central bank governor riyal currency has been suffering due to market speculation that the policy might change

Foreign investors still cautious after opening up of Saudi's Tadawul
Markets»

Foreign investors still cautious after opening up of Saudi's Tadawul

Thursday, 26 May 2016 1:43 PM

Jadwa research note says net inflow from foreign investors make up just 0.1% of market capitalisation

Saudi Arabia urged to keep options open on US currency peg
Politics & Economics»

Saudi Arabia urged to keep options open on US currency peg

Wednesday, 25 May 2016 3:10 PM

Saudi central bank reserch paper could shape debate among policymakers as the kingdom grapples with low oil prices

Confusion over $16.5bn Makkah Metro project delays
Transport»

Confusion over $16.5bn Makkah Metro project delays

Wednesday, 25 May 2016 1:40 PM

Makkah Mass Rail Transit CEO says project will be delayed by financing issues but later retracts statement

2
Saudi Arabia to join Turkey, Indonesia in infrastructure Islamic bank
Banking & Finance»

Saudi Arabia to join Turkey, Indonesia in infrastructure Islamic bank

Monday, 23 May 2016 1:45 PM

Backers could contribute around $300m each for the project, with plans for two regional Islamic banks based in Istanbul and Jakarta

Saudi Binladin Group 'pays out $26.6m of delayed wages'
Banking & Finance»

Saudi Binladin Group 'pays out $26.6m of delayed wages'

Thursday, 19 May 2016 12:11 PM

Seven Saudi banks reportedly put up the money as company battles losses

Saudi's Binladin said to secure bank loan to ease finance crunch
Banking & Finance»

Saudi's Binladin said to secure bank loan to ease finance crunch

Wednesday, 18 May 2016 6:30 PM

Sources say troubled construction firm has secured $667m loan from local banks to ease financial pressures

Saudi Arabia aims to salvage white elephant financial district
Construction»

Saudi Arabia aims to salvage white elephant financial district

Tuesday, 17 May 2016 2:30 PM

Creators of the King Abdullah Financial District envisaged a mini-Dubai but 10 years later most of the project is still a construction site

Remaining Mobily lenders agree to waive breach of loan terms
Technology»

Remaining Mobily lenders agree to waive breach of loan terms

Tuesday, 17 May 2016 12:06 PM

Etisalat-owned telco says final lenders on board over breaches in loan facilities worth $3.2bn

Saudi banks Jazira, Bilad planning local sukuk issues
Banking & Finance»

Saudi banks Jazira, Bilad planning local sukuk issues

Monday, 16 May 2016 1:45 PM

Two of the kingdom’s smaller banks are hoping to sell bonds to bolster their capital reserves

Saudi Electricity Co signs $900m loan for Shuqaiq plant
Energy»

Saudi Electricity Co signs $900m loan for Shuqaiq plant

Monday, 16 May 2016 9:44 AM

State utility says funds will finance $3.2bn power plant in Jizan

Sipchem open to reviving Sahara merger
Sukuk»

Sipchem open to reviving Sahara merger

Sunday, 15 May 2016 10:40 AM

Saudi petrochemicals giant also says hoping to complete $480m sukuk issuance next month

DIFC chief sees no threat from new rival financial hubs
Banking & Finance»

DIFC chief sees no threat from new rival financial hubs

Tuesday, 10 May 2016 1:46 PM

Dubai International Financial Centre CEO says Abu Dhabi, Saudi banking hubs present opportunity rather than a threat

Saudi Aramco hoping to sell stakes to three supermajors - report
Energy»

Saudi Aramco hoping to sell stakes to three supermajors - report

Tuesday, 10 May 2016 9:25 AM

World’s largest firm also eyeing three-way listing in New York, London and Hong Kong

Saudi Arabia to transfer Riyadh finance district project to PIF
Politics & Economics»

Saudi Arabia to transfer Riyadh finance district project to PIF

Monday, 9 May 2016 8:05 PM

Sources say ownership of King Abdullah Financial District is being transferred to the Public Investment Fund


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