Saudi Arabia

HSBC has introduced its new e-commerce digital payment platform, Omni Collect, in the UAE in collaboration with Saudi-based FinTech company, Geidea.

Bank ABC and SACE announce €24.9 million sustainability-linked credit arrangement for Saudi Paper Manufacturing Company. Find out more here.

Deepesh Patel spoke with Robert Besseling, CEO at Pangea-Risk to explore the current landscape of the Middle East region, shedding light on the opportunities, challenges, and evolving economic prospects in the face of the ongoing events.

The United States, Saudi Arabia, India, and additional countries are in discussions about a potential infrastructure agreement that could reshape trade relations between the Gulf and South Asia.  The proposal… read more →

In June 2023, Saudi Arabia’s trade balance achieved a surplus of approximately SAR 38 billion (around $10 billion), as reported by the General Authority for Statistics (GASTAT). The nation’s trade… read more →

After weeks of speculation, and a last-minute stalemate, the BRICS group of nations has extended an invite to six additional countries. The new countries are Argentina, Egypt, Iran, Ethiopia, Saudi… read more →

Saudi Arabia’s gross domestic product (GDP) grew by 1.1% in the second quarter, according to government estimates released on Monday, bolstered by a rise in non-oil activities, although overall growth… read more →

First Abu Dhabi Bank (FAB), the UAE’s largest bank and a global financial powerhouse, strengthens its trade product offerings by introducing the Supply Chain Finance (SCF) programme in KSA, expanding… read more →

Trade Finance Global is proud to partner with Dr Robert Besseling, Pangea-Risk and John Miller, Trade Data Monitor to provide an overview of MENA-related political risk and trade data. Providing a succinct overview of MENA politics and trade breakdown is a crucial component of any publication that aims to provide comprehensive coverage of global affairs.

Moody’s Investors Service announced the long-term deposit ratings of ten banks in Saudi Arabia, as well as the senior unsecured and subordinated debt ratings of their affiliated entities, where applicable,… read more →

At the IIBLP’s Dubai Trade Law & Compliance Conference held in Dubai on 15 March 2022, one of the panellists referred to the Solo Industries fraud in a panel discussion addressing the recent Singapore case, Credit Agricole Corporate & Investment Bank (CACIB), Singapore branch v. PPT Energy Trading Co.

Middle Eastern states are to land a $1.3 trillion windfall from extra oil revenues over the next four years, according to the International Monetary Fund (IMF). On Friday, the IMF… read more →

The course of this last year has seen a fluctuation within fuel markets. Like many other countries, India has experienced similar trends.   India’s crude oil imports from Russia fell in… read more →

Long known for being oil-producing economies, many Gulf states have been switching over to renewables in a bid to remain competitive and meet emissions targets, despite the current commodities boom. … read more →

Saudia Arabia, the world’s second-largest oil producer behind the USA, made headlines this week as reports surfaced that its economy had expanded by 11.8% in the second quarter of 2022, a massive pace largely fueled by high oil prices.