Saudi Arabia to establish an independent export and import finance bank

Saudi Arabia will establish an independent export and import finance bank with a capitalization of SAR 30 billion riyals ($8 billion) to provide financing to local exporters and foreign importers, the UAE-based The National reports.

Saudi Arabia

News, analysis, and more


India and Saudi Arabia Move Beyond Energy

Saudi Arabia’s crown prince, Mohammed bin Salman (MBS), is expected to visit India toward the end of the month, and his visit is likely to take ...



London pushes to take Saudis off EU dirty money blacklist

Britain is leading a group of European Union states who are trying to block an EU plan to include Saudi Arabia and 22 other jurisdictions ...



Saudi Arabia Sought Vice’s Help to Build a Media Empire

“In their view, the problem is that they haven’t been telling their own story up to now, and they’d like to start,” ...


Khashoggi Investigations

Saudi Arabia ‘curtailed’ Jamal Khashoggi murder probe – UN expert

Saudi Arabia "seriously curtailed and undermined" Turkey's ability to investigate the murder of Jamal Khashoggi, a UN expert has said. ...


Export Finance

Saudi Arabia to set up $7.9bn export finance bank

The kingdom proposed plans for the export-import (Exim) credit bank in December 2017, as a way of supporting international sales of its products. ...



New ‘Saudization’ labor initiatives aim to encourage startups

A number of new services will be launched to encourage the development of small and medium enterprises (SMEs) in Saudi Arabia, and increase the number ...


Saudi Students

An Ambassador’s View: Students from Saudi Arabia in the U.S.

They have a great fondness for the country and Americans. This is separate from issues they have with our foreign policy at times. ...


General Entertainment Authority

GEA launches largest program yet to discover local talent in Saudi Arabia

There are currently 20 categories that people can choose to enter, including music, comedy, graffiti art and acting, whilst the GEA have also said that ...


Women’s Security Training Institute

Saudi Arabia grants women right to serve as privates at security institute

The Riyadh-based college specialises in training and educating students in security and military fields. Many of its graduates typically find jobs in government ministries such ...



Morocco recalls envoy to Saudi Arabia for consultations: Morocco media

The Ambassador added that Morocco and Saudi Arabia are bound by strong and longstanding ties that are currently undergoing a “transient crisis”, Le360 reported. ...



Top Greek musician Yanni returns to KSA for Tantora concert

Greek musician Yanni is returning to Saudi Arabia for a concert at the Winter at Tantora festival, where he will perform to a sold-out crowd ...



Adventurers will soon be able to go caving in Saudi Arabia

The Saudi Geological Survey revealed plans this week to launch new ecotourism destinations across the country. According to Lonely Planet News, five caves have been ...



4m women among 7m Saudis without bank accounts

A new study from the King Khalid Foundation found that 66 percent of Saudis without bank accounts cite a lack of adequate funds as the ...


Saudi +

Regional and related topics

Peace Plan

Kushner to visit Mideast for peace plan push

During the trip, the president’s son-in-law will for the first time share significant details of the economic portion of the Trump administration’s Middle East peace ...


Trump Foreign Policy

U.S. set to pull troops from Syria by end of April, but no plan yet to protect Kurds

The U.S. military is preparing to pull all American forces out of Syria by the end of April, even though the Trump administration has yet ...



House panel passes bill targeting OPEC oil supply cuts

A U.S. House of Representatives committee approved a bill on Thursday that would open up the Organization of the Petroleum Exporting Countries to antitrust lawsuits, ...



Russia and Putin are building strategic influence in Africa

Putin places a high premium on geopolitical relations and the pursuit of Russian assertiveness in the global arena. This includes reestablishing Russia’s sphere of influence, ...



‘Death to America’ aimed at Trump, not American nation, Iran leader says

ranians will chant “Death to America” as long as Washington continues its hostile policies, but the slogan is directed at President Donald Trump and U.S. ...



Analysis: PA’s collapse is a ‘strategic challenge’ for Israel

According to the analyst,  the main challenge to Israel that might arise in the coming years is the collapse or gradual disintegration of the Palestinian ...



Iran’s Millennials See Windows to the Outside World Closing

People in Tehran celebrated the 2015 multinational nuclear agreement the way another city might mark a major sports victory. ...


ME Air Traffic

Middle East carriers’ traffic increased 4.2% last year

Middle East carriers’ traffic increased 4.2% last year, down from 6.9% growth in 2017. It was the second year in a row of moderating demand ...


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