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Saudi venture company boosts investment capital to $1.6bnThe Saudi Venture Capital Company (SVC), a subsidiary of the SME Bank, a development bank affiliated with the National Development Fund, has announced an increase in its investment capital for the coming years, bringing the total investment capital to SR6 billion ($1.6 billion). More… |
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GCC banks' energy transition exposure on stable ground: reportGulf Cooperation Council (GCC) banks' exposure to sectors most subject to energy transition risks has remained broadly stable over the past three years, said an S&P Global Ratings report. However, the effect of energy transition on oil and gas prices a More… |
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Mastercard, Infinios unveil wholesale travel programmeMastercard and Bahrain-based fintech Infinios Financial Services have partnered to advance the digitization of B2B travel payments between travel buyers and suppliers through the first Mastercard Wholesale Program launch in region. The collaboration will enhance liquidity for tra More… |
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Bank pledges $6.4bn funding to Saudi startups, SMEsSaudi Arabia’s Social Development Bank (SDB) has pledged $6.4 billion to funding entrepreneurs, small and medium-sized enterprises (SMEs), and freelancers across the kingdom over the next three years. The multibillion-dollar pledge was announced on More… |
