Jeddah: The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved a new package of projects totaling approximately $1.365 billion to support 12 member countries during the 363rd session of the BED, chaired by IsDB President Muhammad Al Jasser. According to Saudi Press Agency, the BED session
Riyadh: In light of global developments and in alignment with its objective of maintaining monetary stability, the Saudi Central Bank (SAMA) has decided to reduce the Repurchase Agreement (Repo) rate by 25 basis points to 4.25 percent, and to reduce the Reverse Repurchase Agreement (Reverse Repo) rate by 25 basis
Jeddah: The Hotel and Restaurant Supplies Expo 2025, organized by the Jeddah Chamber, began yesterday at the Jeddah International Exhibition and Convention Center. According to Saudi Press Agency, this exhibition highlights innovations in the hospitality and culinary sectors, providing a platform for manufacturers, suppliers, and investors worldwide. Its goal is
Jeddah: The Islamic Development Bank (IsDB) Group has entered into a memorandum of understanding (MoU) with the New Development Bank (NDB) in Jeddah to boost collaboration on infrastructure and sustainable development initiatives that are of mutual interest. The agreement was formalized yesterday with the signing by IsDB Vice President for
Riyadh: The Development Finance Conference MOMENTUM 2025 continued its second day of dialogues, focusing on transforming ambitions into tangible impact. Held under the theme ‘Leading Development Transformation’ at the King Abdulaziz International Conference Center in Riyadh, the event underscores the Kingdom’s leadership in sustainable development. It features a select group
Jeddah: The Saudi Ports Authority (Mawani) announced the addition of the new maritime shipping service ‘China Red-Sea’ by Global Feeder Shipping LLC, along with Regional Container Lines (RCL) and TS Lines, to Jeddah Islamic Port. According to Saudi Press Agency, the move is set to facilitate global trade, strengthen supply