On January 27, Italian Prime Minister Giorgia Meloni said Italy is in favor of Saudi Arabia joining the Global Combat Air Program (GCAP), according to the Italian Prime Minister’s Office. Italy, Japan, and the U.K. launched the GCAP in December 2022 with a goal of deploying the next-generation fighter by 2035.
Gold prices rose in Saudi Arabia on Thursday, according to data compiled by FXStreet . The price for Gold stood at 332.93 Saudi Riyals (SAR) per gram, up compared with the SAR 332.24 it cost on Wednesday. The price for Gold increased to SAR 3,883.21 per tola from SAR 3,875.14 per tola a day earlier.
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts.
The price tag for Saudi Arabia’s ambitious plans runs into the trillions of dollars if fully built, far more than the country’s $1 trillion wealth fund. The U.K., Italy and Japan have already partnered on the Global Combat Air Programme, which aims to put a new stealth fighter with supersonic capability in the skies by 2035.
The U.K., Italy and Japan have already partnered on the Global Combat Air Programme, which aims to put a new stealth fighter with supersonic capability in the skies by 2035.
The firm has appointed SNB Capital as the lead manager, financial adviser, bookrunner and underwriter for the IPO
TOKYO (Reuters) - The fading shadow of reflationists in the Bank of Japan, and the latest addition to the board of an academic favouring an end to ultra-low interest rates, will likely bring the central bank's thinking closer to global peers taking a more conventional approach on monetary policy.
Saudi Arabia-based fintech Lendo has secured a $690 million warehouse facility led by J.P. Morgan. Founded in 2019 by
"If our economic and price forecasts are achieved, we will raise our policy rate accordingly and adjust the degree of monetary support," Himino said. The BOJ raised interest rates to 0.5% from 0.25% last week on the view that wages will continue rising and keep inflation stable around its 2% target.
By bnm Gulf bureau Al Rajhi Bank, Saudi Arabia's largest Islamic lender, reported a significant increase in annual profits for 2024, with net income rising 18.6% to SAR19.7bn ($5.25bn), up from SAR 16.
By bnm Gulf bureau STC Bank has received regulatory approval from the Saudi Central Bank (SAMA) to commence operations as a digital bank following successful completion of its pilot phase, the bank announced on January 29.
Saudi National Bank (SNB), the kingdom's largest bank by assets, posted on Wednesday a 5.9% rise in net profit for 2024, boosted by higher operating income.