The bank said the expansion was ‘central to our Middle East growth strategy’, as it follows in the footsteps of rival lenders re-entering the market.
A decade into Saudi Arabia’s Vision 2030, the non-oil sector makes up 56% of $1.3 trillion economy
Barclays is the latest to announce a presence in Riyadh. The British lender says it’s returning to Saudi Arabia after an 11 year absence. At the Global Forum, CEO C.S. Venkatakrishnan said he’s aiming …
Barclays looking to re-enter Saudi Arabia with office in Riyadh
The British bank had exited the country in 2014; “Investment flows used to head out of the region, and now there’s a lot coming back” says the CEO …
Saudi Arabia backs Pakistan with $6B in oil and deposits
Pakistan’s economy received a major boost as Saudi Arabia agreed to provide a $1 billion oil facility this fiscal year. The finance ministry confirmed the extension, which will help Pakistan meet oil …
UK finance minister to join Saudi investment summit and hold Gulf trade talks
British finance minister Rachel Reeves will attend an investment summit in Saudi Arabia on Monday and seek to advance trade talks with other Gulf countries, in what officials said was the first visit …
The Place Simplifies Market Entry for Global Businesses in Saudi Arabia
The Place is simplifying global business expansion into Saudi Arabia with premium virtual offices and flexible workspaces on Riyadh’s King Fahd …
‘He does not represent us’: Israeli politicians slam Smotrich after Saudi insult
“To our friends in the Kingdom of Saudi Arabia and the Middle East, Smotrich does not represent the State of Israel,” Opposition head Yair Lapid wrote in Arabic on X/Twitter. Members of Israel’s …
Crunch time for Saudi Arabia as financial elite descend on Riyadh
Global financial titans descend on Riyadh next week for Saudi Arabia’s flagship investment conference, for the first time since the return to the White House of Donald Trump, whose taste for …
Smotrich tells Saudis to ‘keep riding camels’ over Palestinian state, later apologizes
If Saudi Arabia says normalization in exchange for a Palestinian state, friends, no thank you. Keep riding camels in the sands of the desert in Saudi Arabia,” Smotrich said.
Israel’s Smotrich tells Saudi Arabia: ‘Keep riding your camels in the desert’
Far-right Israeli Finance Minister Bezalel Smotrich said on Thursday that Israel should reject a normalisation deal with Saudi Arabia in exchange for a Palestinian state.