China’s central bank governor highlights key challenges for emerging markets at AlUla conference
Emerging market economies are facing escalating challenges, including geopolitical tensions, sluggish global growth, financial volatility, and increasing public debt, according to the governor of the People’s Bank of China. Speaking at the two-day AlUla Conference for Emerging Market Economies, organized by the Saudi Ministry of Finance and the International Monetary Fund, Pan Gongsheng emphasized the […]
Ministers urge fiscal discipline, smart investment to tackle debt challenges at Saudi forum
Effective debt restructuring requires a thorough understanding of its root causes, said the Russian finance minister at the AlUla Conference for Emerging Market Economies. Speaking during a panel titled “High Debt-Low Fiscal Space—Fiscal Consolidation and Multilateral Solutions to Debt Restructuring,” Anton Siluanov said that fiscal prudence and policy monitoring are essential in addressing economic challenges. […]
Financial discipline crucial while pursuing economic diversification efforts: Qatari minister
Maintaining financial discipline is crucial for countries in the Middle East as they work to diversify their economies and reduce reliance on energy revenues, according to a Qatari minister. During a panel discussion at the AlUla Conference for Emerging Market Economies organized by the Saudi Ministry of Finance and the International Monetary Fund, Ali bin […]
Saudi Arabia’s Northern Borders region holds $1.22tn in mining resources
Saudi Arabia’s Northern Borders region, home to an estimated SR4.6 trillion ($1.22 trillion) in mineral resources, is emerging as a key driver of economic growth and investment, according to the Ministry of Industry and Mineral Resources. The region is a major hub for phosphate production, a critical component in global food security due to its […]
Russia’s Siluanov visits Saudi Arabia ahead of Russia-US talks
Russian Finance Minister Anton Siluanov visited Saudi Arabia on Sunday ahead talks between Russia and the United States in the Kingdom scheduled for next week. Siluanov was speaking at an event called AlUla Conference for Emerging Market Economies, organized by the Saudi Ministry of Finance and the International Monetary Fund. US and Russian officials will […]
Global financial leaders convene in Saudi Arabia to address emerging market risks
Sovereign debt risks, structural reforms, and trade policies take center stage as global financial leaders and policymakers convened in Saudi Arabia for the first AlUla Conference for Emerging Market Economies. The high-profile summit comes amid ongoing economic turbulence, with leaders seeking solutions to enhance financial stability and resilience. The two-day event, hosted by the Saudi […]
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 […]