The agreement marks the latest move to boost internationalization of the yuan in global finance in an attempt to dethrone the dollar.
China and Saudi Arabia sign currency swap accord to foster bilateral commerce, giving a boost to the yuan’s globalisation
The agreement with SAMA is the 30th swap signed by the PBOC over the past decade, as the PBOC picked up the pace of the yuan’s worldwide usage.
Egypt and Saudi Arabia to Forge $1.5 Billion Economic Alliance at Business Forum
Egypt and Saudi Arabia are set to ink agreements amounting to USD 1.5 billion (EGP 47 billion) at the imminent Egyptian-Saudi Business Forum in Cairo on 20 November, according to Turki Al-Hokair, a …
Egypt and Saudi Arabia to Forge $1.5 Billion Economic Alliance at Business Forum
Egypt and Saudi Arabia are set to ink agreements amounting to USD 1.5 billion (EGP 47 billion) at the imminent Egyptian-Saudi Business Forum in Cairo on 20 November, according to Turki Al-Hokair, a …
BEC Arabia targets education PPP projects in Saudi Arabia
Public and private sector alliances are driving the development of vital infrastructure projects in the kingdom …
BEC Arabia targets education PPP projects in Saudi Arabia
Public and private sector alliances are driving the development of vital infrastructure projects in the kingdom …
Saudi Arabian private sector’s investments in Egyptian markets hit $35bln
The Saudi Arabian private sector’s investments in Egypt amount to $35 billion, Chairman of the Saudi-Egyptian Business Council Badr Al-Amiri told Asharq Business. He added that the volume of trade …
Saudi Arabia unveils details of world’s fastest and highest rollercoaster
Intamin has released details of Saudi Arabia’s latest record-breaking megaproject. The Falcon’s Flight, which will become the world’s fastest and highest rollercoaster, is set to be built at Six Flags …
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.50%
Saudi Arabia stocks were higher after the close on Sunday, as gains in the Real Estate Development, Building&Construction and Insurance sectors led shares higher.At the close in Saudi Arabia, the …
“No More Petrol Imports”: Nigeria to Seal Refinery Deal With Saudi Arabia, After Revoking 264 Visas
The Nigerian government and the Kingdom of Saudi Arabia are about to sign a refinery deal to fix four of Nigeria’s ailing refineries in Rivers, Delta, and Kaduna.