Saudi EXIM Signs Three Reinsurance Agreements with Leading Global Insurers to Strengthen Export Confidence, Mitigate Risks

Saudi EXIM Signs Three Reinsurance Agreements with Leading Global Insurers to Strengthen Export Confidence, Mitigate Risks

Business, SaudiMarch 14, 202531Views 0Likes 0Comments

Riyadh, February 26, 2025, SPA -- The Saudi Export-Import Bank (Saudi EXIM) has signed three reinsurance agreements with Allianz Trade, Bpifrance, and American International Group (AIG). Saudi EXIM CEO Eng. Saad Al-Khalb signed the agreements during an official visit to the United Kingdom and France, where he led the bank’s delegation. This is part of its…

Saudi private sector powers $314bn investment boom, outpacing Vision 2030 target

Business, Investment, SaudiMarch 14, 202542Views 0Likes 0Comments

RIYADH: Saudi Arabia’s gross fixed capital formation rose to SR1.18 trillion ($313.68 billion) in 2024, marking a 5.3 percent annual increase, recent data showed. A report from the Ministry of Investment attributed this growth to rising non-government sector investments, which expanded by 7.6 percent during the year. The Kingdom’s GFCF has outperformed expectations, with cumulative investments from…

Egypt approves investment promotion agreement with Saudi Arabia

Business, InvestmentMarch 14, 202554Views 0Likes 0Comments

The Egyptian parliament yesterday approved an agreement on the promotion and protection of mutual investments signed between Egypt and Saudi Arabia last October, Gulf Online reported. According to a statement published by the Federation of Saudi Chambers on its official account on X, the approval by the Egyptian parliament will help create optimal conditions for investment exchange between…

More Saudi women take the lead with over 78,000 in senior roles, 551,000 business owners

Business, InvestmentMarch 11, 202546Views 0Likes 0Comments

RIYADH — In honor of International Women’s Day, Saudi Arabia’s General Authority for Statistics released data highlighting the increasing role of Saudi women in the workforce, leadership positions, and entrepreneurship. According to the report, Saudi Arabia is home to 9.8 million women, with 36.2% participating in the labor force as of the third quarter of 2024. The employment-to-population…

KSA approves rules to boost efficiency of investment promotion authority

Business, InvestmentMarch 9, 202559Views 0Likes 0Comments

RIYADH: The Kingdom approved the organization of the Saudi Investment Promotion Authority during a Cabinet meeting chaired by Crown Prince Mohammed bin Salman. Investment Minister Khalid Al-Falih described the move as a crucial milestone in fulfilling the authority’s strategic goals, adding that it demonstrates the government’s support for strengthening the investment ecosystem in the Kingdom, according…

Nigeria, Saudi Arabia Partner to Tap into $7.7 Trillion Global Halal Market

Business, Investment, Nigeria, SaudiMarch 2, 202540Views 0Likes 0Comments

Nigeria has signed a cooperation agreement with Saudi Arabia’s Halal Products Development Company (HPDC) to establish Nigeria as a leading player in the global halal market valued at $7.7 trillion. The agreement will facilitate investment, technical cooperation, and market access across key sectors, including food production, pharmaceuticals, finance, and livestock for both countries. Speaking during the signing…