Saudi SME Bank signs $266m deals with fintech firms, investment funds
Riyadh, Saudi Arabia – The SMEs Bank system of the National Development Fund has signed 20 agreements valued at more...These deals include 10 agreements and MoU by the SMEs Bank worth SAR 500 million and three agreements signed by the Saudi Venture Capital Company SVC worth SAR 232 million.
A total of seven MoUs were signed by the Small and Medium Enterprises Financing Guarantee Program "Kafalah" worth SAR 300 million with a leverage of up to five times.
Kuwait Oil Company’s five-year digital strategy to reduce expenses
Kuwait -- Kuwait Oil Company announced on Saturday that it has upgraded its five-year digitalization strategy, which will contribute to...The upgrading of the strategy will also enhance safety and security, and help manage risks in a better way, Deputy CEO for gas and innovation at KOC Bader Ahmad Al-Munaifi said.
"KOC will announce a roadmap for digitalization and launch a massive database during a conference on June 18," he said.
10th Arab-China Business Conference opens in Riyadh
The conference -- being held under the theme "Collaborating for Prosperity" -- aims to strengthen the Arab-Chinese friendship and foster...The conference -- being held under the theme "Collaborating for Prosperity" -- aims to strengthen the Arab-Chinese friendship and foster a shared prosperous future
China is now the largest trading ally of Arab nations with a trade exchange of $430bn in 2022, a 31 percent increase from 2021, with Saudi Arabia leading the league
Drink with Messi for $42,000: Chinese police warn over scams
Beijing, China -- Dinner, drinks and a selfie with Lionel Messi sounds like every football fan's dream, but Chinese police have...The Argentine legend's presence in China for a friendly against Australia in the capital on Thursday has drawn scammers and ticket-scalpers desperate to c on Messi mania.
For 50 million yuan, Messi will appear on your shopping livestream to extol the virtues of your product, another unauthorized advertisement claims.
Desperate Syrians recycle plastic waste to make living
Recycling, in rebel-controlled Syria, is rather a grim lifeline than environmental impulse for desperate residents searching for work or items...In northern Idlib province, workers at a factory making mats and rugs churn out brightly coloured recycled plastic
The mats made from recycled plastic cost between $5 and $15, while traditional Persian-style rugs are around $100
Saudi NIDLP publishes report highlighting ‘achievements’ in four key sectors
Riyadh, Saudi Arabia-- In order to ensure compliance with the goals of Saudi Arabia's Vision 2030, the National Industrial Development...According to NIDLP, the program continues to work diligently to achieve the desired results under the plans emerging from the Saudi Vision 2030
The program looks to maximize and diversify the economic impact in the four sectors, achieving sustainability and creating attractive investment environment
Qatar Finance and Business Academy signs MoU with Morgan International
Doha, Qatar-- Qatar Finance and Business Academy and Morgan International have signed a memorandum of understanding (MoU) to provide training...The agreement between the two will provide individuals and organizations with training and upskilling solutions to enable them to operate within the country's financial market
Qatar Finance and Business Academy looks to support the process of localization in Qatar through its programs by providing the labor market with professional leaders
Saudi Arabia and UK hold discussions to boost economic partnership
London, UK-- Saudi Arabia and the UK have held discussions to boost trade and economic partnership between the two countries.The...Saudi Commerce Minister Dr. Majid Al-Qasabi met with several British ministers and leaders of major companies in London to discuss expansion of business ties
The Saudi delegation presented the programs of the kingdom's Vision 2030 to expand business opportunities and investments between the two countries
UAE-Turkey non-oil intra-trade crosses US$103 billion in last 10 years
Abu Dhabi, UAE-- The UAE and Turkey economic ties have witnessed a great leap in the last decade with non-oil...Raw gold topped the list of the five most key commodities imported by the UAE from Turkey in 2022, with a value of $4.35 billion
The UAE and Turkey inked an agreement in March this year, which looks to scale up trade between the two countries to US$40 billion in five years
Rate rise boosts Gulf banks amid crisis
Despite global economic challenges such as the crisis, inflation, and high interest rates, the GCC banking sector has shown impressive...Despite crises in US and Europe, the GCC banking sector has shown significant growth, aided by rate hikes and digitalization, says Commercial Bank of Kuwait CEO Elham Mahfouz
Kuwait's banking industry recorded a 37% profit increase in 2022, and is making strides in adopting AI and supporting sustainability initiatives, she tells TRENDS in an interview
This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.
ADNOC Distribution 2025 dividend $700m
The company had reported EBITDA of $1.17 bn in 2025.
Empower okays $119.1m H2 2025 dividend
The dividend is equivalent to 43.75% of paid-up capital.
Alujain widens 2025 loss
The increase in loss is due to impairment charges, weaker prices.
Masar 2025 net profit $262m
Higher land plot sales boost revenue and operating income.
Tasnee’s 2025 losses deepen
The petrochemicals' company's revenue also fell 17.7 percent.
