National Commercial Bank, Saudi Arabia’s biggest lender, has ended talks in order to merge with Riyad Bank, a deal that would have created a lender with more than $200 billion in total assets. The boards agreed to terminate talks, according to a statements to the Saudi stock market, without giving further details. Talks between the…
President´s Brazil Jair Bolsonaro’s upcoming visit to Saudi Arabia demonstrates Brazil’s interest in strengthening economic cooperation and maintaining high-level relations with one of the world’s leading countries. The visit will contribute to the expansion of Saudi investments in Brazil, in sectors such as infrastructure, defense, innovation, energy and agribusiness, as well as encourage Saudi participation…
How much have the Saudis invested in Silicon Valley? Billions of dollars. In the past five years, Saudi investors have participated directly in investment rounds totaling at least $ 6.2 billion. Since the exact composition of each round is not public, it is not possible to say how much of this money came directly from…
Saudi Arabia, the world’s largest oil exporter, is considering investing USD 100 billion in India in areas of petrochemicals, infrastructure and mining considering the country’s growth potential. Saudi Arabia is looking to make investments in India in the areas of energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining. The partnership proposed by Saudi Arabia’s largest…
The Indian company Oyo Rooms has communicated its interest in creating new job opportunities for young Saudis after making a commitment of 4 billion rials (Dh3.9bn) with the tourism sector of the kingdom of Saudi Arabia. Oyo, with the backing of Softbank, plans to buy 10 new hotels in the premium and luxury segments. After…
Middle East funds plan to continue to increase their investments in Kuwait in the coming months, while to a large extent they maintain their exposure to other countries in the region at current levels in a survey conducted by Reuters. A third of the managers who participated in the survey said they would increase their…
