Saudi EXIM Bank and ITFC Sign Financing Agreement for Alizz Islamic Bank
Saudi Export-Import Bank (Saudi EXIM) and the International Islamic Trade Finance Corporation (ITFC) have signed an implementation agreement for a $5 million line of financing in favor of Alizz Islamic Bank in the Sultanate of Oman under the KSA SMEs Export Empowerment Program. The agreement aims to enhance the access of Saudi non-oil exports to […]
Minister of Transport Underscores Private Sector’s Role in Advancing Transport and Logistics
Minister of Transport and Logistic Services Saleh Al-Jasser emphasized the private sector’s pivotal role in the transport and logistics ecosystem, highlighting its expanding contributions. He noted that 80% of investment targets in the sector are expected to be met through various partnership models. Speaking at a panel discussion titled “Ministerial Vision on Government Support and […]
‘Saudia’ Expands Flight Network with Over 10 New Destinations in 2025
Saudi Airlines (Saudia) has announced the addition of more than ten new destinations to its flight network for 2025, including Vienna, Venice, Larnaca, Athens, Heraklion , Nice, Malacca, Bali, Antalya, El Alamein, and Salalah. The expansion comes in response to increased international travel demand, with a 16% growth in passenger transport last year. Saudia Group’s […]
Investment Minister: Nearly 600 Global Companies Choose Saudi Arabia as Regional Headquarters, Investments Double to SAR 1.2 Trillion
Minister of Investment Eng. Khalid Al-Falih announced that the number of global companies establishing their regional headquarters in Saudi Arabia has risen to nearly 600. He noted that the number of registered investment licenses surged from 4,000 in 2018 and 2019 to 40,000 currently, while total investments have doubled to SAR 1.2 trillion, accounting for […]
Economy Minister Meets with UAE Counterpart
Minister of Economy and Planning Faisal Alibrahim met with Minister of Economy of the United Arab Emirates Abdulla Bin Touq during the World Government Summit (WGS) in Dubai. During the meeting, the two ministers discussed ongoing cooperation across various sectors, as well as the latest regional and global economic developments of mutual interest. […]