GCC banks cut rates in sync with Fed
Banks across the GCC — including in Saudi Arabia, Qatar, Bahrain, and the UAE — have mirrored the US Federal Reserve's rate cut, with interest rate reductions aiming to bolster credit-driven growth in the Gulf.
Thursday Saudi
Our team of reporters in Saudi Arabia is always on the move, fuelled solely by Kahwah. Bringing you fresh, exciting coverage and stories you care about—straight from the heart of the Kingdom.
Saudi crown prince congratulates Trump, pledges to strengthen US-Saudi ties
Saudi Crown Prince congratulates Trump on election win, signalling intent to reinforce US-Saudi ties and regional stability efforts amid shifting geopolitics.
Riyadh Air nears game-changing decision between Boeing 777X and Airbus A350
Riyadh Air, Saudi Arabia’s newest airline, weighs Boeing and Airbus for a major wide-body jet order, poised to transform the region’s aviation landscape with a strategic fleet expansion.
Saudi Arabia and Türkiye ink new economic deals in Istanbul for $30bn projected trade
Saudi Arabia and Turkiye solidify economic ties with ten new agreements at a major business forum in Istanbul, aiming for $30 billion in bilateral trade.
Monroe Capital explores Saudi expansion amid rising private credit demand
Monroe Capital eyes Saudi expansion, exploring strategic partnerships in a region ripe for private credit growth. With high demand and regulatory shifts, the firm aims to tap into MENA’s evolving financial landscape.
Saudi telco STC beats expectations, boosts dividends
Saudi Telecom's net profit has dipped but has also outperformed expectations, while revenue grew and annual dividends surged, reflecting strategic investor confidence.
PIF inks major MoUs with State Street, Brookfield, Mizuho, FII to boost Saudi asset management
Saudi Arabia’s Public Investment Fund has signed MoUs with the Future Investment Initiative and global financial firms State Street, Brookfield, and Mizuho in order to collaborate on elevating the Kingdom's wealth fund asset management portfolio.
Saudi wealth fund backs Brookfield’s $2bn push into Middle East
Saudi Arabia’s PIF partners with Brookfield on a $2 billion fund, sparking fresh investments and innovation across the kingdom, with Brookfield expanding its Riyadh footprint to boost local growth.
Saudi Aramco picks Lahore for its first branded petrol station launch in Pakistan
Saudi oil giant Aramco has launched its first branded petrol station in Pakistan's Lahore, delivering premium fuel and services to Pakistan, and sparking a fresh chapter in the country’s fuel industry, boosting Saudi investment ties.
Islamic Development Bank floats €500mn sukuk in dual Dublin and Dubai listings
The Islamic Development Bank’s €500 million sukuk, priced at mid-swaps +50 bps, finds strong demand and listings on Euronext Dublin and Nasdaq Dubai, advancing its Trust Certificate Issuance Programme.
