There is no denying the fact that Saudi Arabia is the largest and most powerful oil exporter of the world which provides a strong sense of secure financial insurance to the country. The officials with the help of the finance department has been trying hard to improve private and government branches with greater spending, profitable […]

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Vision 2030 is no surprise to anyone as the news has been trending ever since the Red Sea project became an important and ultimate source of reformed economy. While the official ministers, analysts, and expert panel are busy leading the project with utmost excellence, the project has started to make news already. The fact that […]

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Saudi Arabia is committed to settle all outstanding payments owed to private sector companies by the Saudi government as soon as possible, announced Kingdom’s economy and planning minister Mohammed Al-Tuwaijri. A major setback faced by the Saudi government following fall in oil prices since mid-2014 led them to cut-down several projects and delay payments to […]

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Saudi Arabia’s biggest lender by assets, the National Commercial Bank (NCB), started preliminary merger talks with smaller rival Riyad Bank, eyeing a deal that would create an entity with $182 billion in assets. The deal comes two months after the first major tie-up of the country’s banking sector in recent times between Saudi British Bank (SABB) and Alawwal […]

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