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Saudi SME growth critical for nation's economy, say experts

JEDDAH: A memorandum of understanding worth $26.2 million has been signed providing finance for small and medium enterprises at the Islamic Development Bank’s annual meeting, Saad bin Abdulaziz Al-Khalb, CEO of Saudi Exim Bank told Arab News.

Saudi-arabia
Jeddah
Makkah
Morocco
Saudi
Abdulaziz-al-khalb
Ibrahim-al-husseini
Hani-salem-sonbol
Attijariwafa-bank
Ksa-smes-export-empowerment-program
Saudiexim-bank
International-islamic-trade-finance-corporation

Saudi SME growth critical for nation's economy, say experts as bank pledges more than $26m funding

JEDDAH: An MOU worth $26.2 m has been signed providing finance for SMEs at the Islamic Development Bank’s annual meeting, Saad bin Abdulaziz Al-Khalb, CEO of…

Jeddah
Makkah
Saudi-arabia
Abdulaziz-al-khalb
Saudi-exim-bank
Islamic-development-bank
Arab-news
News
Ggregator
Reaking-news
Uration

Saudi EXIM Bank agrees Credit Line with Iraqi Islamic Bank

By John Lee. The Saudi EXIM Bank has announced the signing of an agreement with Iraqi Islamic Bank for Investment and Development for a new, SAR75-million [$20 million] credit line. The new credit line is the latest addition to the broad portfolio of financial instruments that Saudi EXIM Bank provides to national financial institutions to

Saudi-arabia
Iraq
Saudi
Iraqi
Ahmedw-ahmed
Thamer-kadhum
Saad-alkhalb
John-lee
Iraqi-islamic-bank
Chief-executive-officer
Humam-thamer-kadhum
Managing-director

BB working to scrap interest rate ceiling

The Bangladesh Bank has taken an initiative to scrap the 9 per cent interest rate ceiling and introduce a market-based interest rate on loans.

Bangladesh
United-states
American
Alamgir-morshed
Shaikh-shamsuddin-ahmed
Ali-reza-iftekhar
Khalid-qadir
Arif-khan
Atiur-rahman
Asif-ibrahim
Yahya-al-harthi
Bangladesh-investment-development-authority

Saudi Exim seals co-operation deal with Chinese Sinosure

Saudi Export-Import Bank (Saudi Exim) said it has signed a deal with Chinese credit insurance group Sinosure to establish a co-operation framework, that aims to explore knowledge exchange, employee training, and finance opportunities in both countries.

China
Saudi-arabia
Riyadh
Ar-riya
Saudi
Nayef-al-shammari
Al-shammari
Xu-xinwei
Credit-insurance-corporation-sinosure
Bank-saudi-exim
Tradearabia-news-service
Saudi-exim-bank

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