STC Bank, a subsidiary of state-owned Saudi Telecom Company (stc Group), is set to launch operations as a full-fledged digital bank in the kingdom. The Saudi Central Bank (SAMA) has granted “no ...

ROSHN Group has agreed to a two billion Saudi Riyal Shariah-compliant credit facility with Saudi National Bank, Saudi’s largest financial institution. The loan agreement, which is for seven years, ...

The Saudi Central Bank (SAMA) gave the green light for STC Bank to commence its operations in the Kingdom. In April 2024, SAMA granted stc an experimental launch permit for STC Bank. The bank, in ...

Al Rajhi Bank, Saudi Arabia's second-biggest lender, reported a 19% year-on-year (YoY) rise in FY 2024 net profit to 19.72 billion riyals ($5.26 billion), driven primarily by an increase in net ...

Saudi Arabia’s hosting of top American and Russian officials for a high-stakes rapprochement meeting underlines the kingdom’s aspirations to become a global actor capable of successfully ...

Doha Bank has announced its role as the Visionary Partner for the upcoming Mentor Arabia Gala Dinner, organised in collaboration with the Education Above All Foundation (EAA). The event ...

Saudi Arabia is open to mediating between the Trump administration and Iran in pursuit of a new deal to limit Tehran’s nuclear program, CNN has learned. The kingdom is concerned that Iran may be ...

With IBM’s API Connect serving as a core component, the marketplace simplifies the integration of internal banking systems.

The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) rose to 60.5 last month from 58.4 in December, marking its highest level since September 2014. Readings above 50 ...

and to say that the Russian finance minister and central bank governor took part in a meeting with UAE vice president in paragraph 5) Russian Finance Minister Anton Siluanov visited Saudi Arabia ...

Saudi Arabia seeks to elevate its global influence by mediating key conflicts, including US-Iran nuclear talks and Russia-Ukraine peace efforts, amid shifting alliances and a new world order.