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Saudi EXIM and India EXIM Sign MoU at the G20 Summit in New Delhi

September 11, 2023

The Saudi Export-Import Bank (Saudi EXIM) and the India Export-Import Bank (India EXIM) have entered into a Memorandum of Understanding (MoU) aimed at bolstering cooperation between the two institutions. The primary objective of this agreement is to f…

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NDF Development Ecosystem Provides Over SAR 14.1 bn in Financing, 10.3 bn in Support, and 5.6 bn in Guarantees

September 11, 2023

The Development Ecosystem in Saudi Arabia, the National Development Fund (NDF) and its supervised development funds and banks, has concluded the first half of 2023’s with major support and financing contributions that focus on achieving economic, soci…

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SVC Invests $5 Million in VentureSouq Fintech Fund

September 11, 2023

Saudi Venture Capital (SVC) has made a significant $5 million investment in a fintech fund managed by VentureSouq (VSQ), primarily targeting early-stage fintech startups. This investment initiative was reported by SVC.

According to the press release…

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Acquisition Agreement between Masar Destination, Scope International with Investments of up to SAR900 Million to Build Residential Towers in Makkah

September 11, 2023

Umm Al Qura for Development and Construction, the owner and developer of Masar Destination, has revealed an acquisition agreement with Scope Properties for the construction of residential towers in collaboration with international operators, involving…

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EU Stresses Importance of Economic Corridor Project Connecting India, Middle East, and Europe

September 11, 2023

The European Union (EU) has underscored the significance of the economic corridor project linking India, the Middle East, and Europe, which was announced during the G20 summit in New Delhi last Saturday.

The European Commissioner for Economic Affair…

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KSrelief Launches 2nd Phase of Vocational and Business Skills Training and Support Project in Yemen

September 11, 2023

The King Salman Humanitarian Aid and Relief Center (KSrelief), in collaboration with the United Nations Development Program (UNDP), launched the second phase of the Vocational and Business Skills Training and Support Project in Yemen two days ago.

T…

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Historic Jeddah District Nominated for “Most Desirable City” Award category

September 11, 2023

The Historic Jeddah District, known as “Al-Balad,” has received its inaugural nomination in the “Most Desirable City – Rest of World” category of the Wanderlust Travel Award. These awards, launched 22 years ago, aim to spotlight the finest experiences…

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HRH the Crown Prince Makes a Phone Call to King of Morocco

September 11, 2023

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, initiated a telephone conversation today with King Mohammed VI of the Kingdom of Morocco.

During the call, HRH the Crown Prince expressed the Kingd…

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