Saudi leaders congratulate Claudia Sheinbaum, Mexico’s new president
Saudi leaders congratulated Mexico’s new president on Tuesday, the Saudi Press Agency reported. King Salman, and Crown Prince Mohammed bin Salman sent separate cables of congratulations to Claudia Sheinbaum who won a landslide victory in Sunday’s presidential election to become Mexico’s first woman leader. The king and crown prince expressed their best wishes for her […]
PIF prices inaugural sterling bond offering of $829m
Saudi Arabia’s Public Investment Fund has priced its inaugural sterling bond offering of £650 million ($829.80 million) under its existing Euro Medium-Term Note program. The issuance is part of PIF’s strategy to continually diversify its funding sources. The offering, which was more than six times oversubscribed, includes a £300 million tranche with a 5-year coupon […]
French minister highlights ‘immense potential’ of collaboration between France, Gulf states
Bruno Le Maire, the French minister of economy, finance, and industrial and digital sovereignty, highlighted “the closeness of our ambitions and the immense potential of our collaboration between France and the Gulf states,” during his opening speech at the second edition of Vision Golfe in Paris. Le Maire emphasized three strategic areas to strengthen the […]
Saudi Arabia, Kuwait finalize project to streamline customs procedures
Trade exchange between Saudi Arabia and Kuwait is set to increase further with the completion of their land customs technical connectivity project. The completion of the project was revealed on Monday during the second meeting of the two countries’ coordination council. The announcement is a significant step toward enhancing trade and facilitating the movement of […]
Saudi Arabia’s non-oil private sector growth steady with PMI at 56.4
Saudi Arabia’s private sector non-oil growth remained steady in May, with the Kingdom’s Purchasing Managers’ Index reaching 56.4, a slight decline from 57 in April, official data showed. According to the Riyad Bank Saudi Arabia PMI report by S&P Global, business activity in Saudi Arabia rose at a substantial rate in May, continuing a period […]