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The banking sector will be propelled by robust credit demand in non-oil sectors and ongoing initiatives for economic diversification
Author Archives: enterpriseam
Posted inLOGISTICS
Land routes to keep the Houthis away?
Houthi attacks on the Red Sea have caused “the biggest diversion of international trade in decades”
Posted inREGULATION
New regulations for the Privatization Law cover direct awards and set minimum valuations
Projects earmarked for privatization must have a minimum valuation of SAR 50 mn
Posted inSTARTUP WATCH
“Airbnb for cars” Ejaro targets regional expansion after closing pre-Series A funding round
The latest funding round brings Ejaro’s total raised capital to USD 4.5 mn
Posted inENERGY
21 developers named pre-qualified bidders for four new 1.8 GW power plants
The list also includes local firms Acwa Power, Marafiq, Saudi Electricity Company (SEC) and Jomaih Water and Energy
Posted inInvestment Watch
Followup: How the gov’t is now calculating FDI
Old method overestimated overvalued cumulative FDI stock by as much as 25%
Posted inSPORTS
Jabeur backs WTA finals in KSA. Plus: Golf, cycling, foortball, and more
Plus: PGA Tour’s fresh funds could allow it to push back on PIF-backed Liv Golf, sidestep merger
Posted inMOVES
Riyad Bank’s new CEO assumes duties + Federation of Saudi Chambers named new SecGen
Nadir Al Koraya took over last week
Posted inALSO ON OUR RADAR
PIF launches new vehicle to target sustainable tech manufacturing. PLUS: Debt, aviation, fintech
Alat is chaired by Crown Prince Mohammed bin Salman
Posted inPLANET FINANCE
Erdogan taps new central bank governor
Turkey has a new central bank governor: Turkish President Recep Tayyip Erdogan has appointed Fatih Karahan (bio) as the new head of the country’s central bank after its former governor Hafize Gaye Erkan stepped down, claiming to be facing a smear campaign from local media, Bloomberg wrote. About Karahan: He has experience working as an […]