Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Company News, Business, Banking & Finance, Economy

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Saudi EXIM, SINOSURE ink MoU

The MoU presents an opportunity to exchange information and enhance training. (SPA)
By TRENDS Desk AFP
March 5, 2023 11:53 pm
  • The agreement was signed during a ceremony held at the Saudi EXIM Bank headquarters in Riyadh
  • It aims at knowledge exchange, finance and investment opportunities in Saudi Arabia and China

Riyadh, Saudi Arabia – The Saudi Export-Import Bank (Saudi EXIM) signed a memorandum of understanding (MoU) with China Export and Credit Insurance Corporation (SINOSURE) to establish a cooperation framework.

This framework aims to explore various fields of cooperation, including knowledge exchange, employee training, finance and investment opportunities in Saudi Arabia and China.

The MoU was signed during a ceremony held at the Saudi EXIM Bank headquarters in Riyadh, in the presence of Dr. Nayef Al-Shammari, Deputy CEO of Saudi EXIM Bank, SINOSURE Vice President XU Xinwei, and several senior executives from both sides.

Al-Shammari stated that this partnership is expected to contribute to enhancing the Kingdom’s non-oil exports.

He said that it presents an opportunity to exchange information, enhance training, and develop businesses.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]