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13/01/2025 03:59 AST
The Saudi Investment Promotion Authority on Monday signed a memorandum of understanding with Japan's Mizuho Bank Ltd. in an effort to enhance investment opportunities between the two countries.
The MoU was signed by Assistant Minister of Investment Ibrahim bin Yousef Al-Mubarak and bank CEO Masahiko Kato.
The agreement means the Saudi Investment Promotion Authority will provide its expertise and information to help integrate support services to Japanese companies interested in investing in the Kingdom, according to the Saudi Press Agency.
The memorandum comes within the Vision 2030 framework, which aims to diversify the national economy by attracting foreign investments, supporting economic partnerships with international companies, strengthening bilateral investment relations and long-term partnerships, and opening new qualitative areas for cooperation in the investment and economic fields.
On Sunday, the Saudi Japanese Joint Business Council Meeting convened in Riyadh with Minister of Investment Khalid Al-Falih and Japanese Minister of Economy, Trade and Industry Muto Yoji.
Attending the meeting were more than 80 representatives of companies and entities from both nations.
The Japanese delegation included those from industrial and commercial companies, as well as financial institutions focusing on modern technologies with an interest in the Saudi market.
Arab News
14/01/2025
Saudi Arabia's banking sector is experiencing a surge in activity in debt and sukuk markets as leading financial institutions move to strengthen their capital bases and fund strategic growth initiati
Arab News
14/01/2025
The trade exchange between Qatar and Jordan rose to 910 million Qatari riyals ($248.16 million) in 2024, a 5.81 percent increase from the previous year, driven by higher imports of Jordanian food and
Arab News
13/01/2025
Saudi Arabia's Tadawul All Share Index lost on Monday, dropping 17.03 points, or 0.14 percent, to close at 12,109.94.
The total trading turnover of the benchmark index was SR5.77 billion (
Arab News
Ticker | Price | Volume |
---|---|---|
MARK | 2.40 | 6,273,127 |
MCCS | 3.91 | 275,384 |
ARMX | 2.35 | 906,318 |
SAUDICABLE | 75.50 | 86,795 |
ADIB | 13.08 | 2,053,837 |
BFM | 0.00 | 0 |
WATANIA.ADX | 0.00 | 0 |
14/01/2025
Saudi Arabia's banking sector is experiencing a surge in activity in debt and sukuk markets as leading financial institutions move to strengthen their capital bases and fund strategic growth initiati
Arab News
14/01/2025
The trade exchange between Qatar and Jordan rose to 910 million Qatari riyals ($248.16 million) in 2024, a 5.81 percent increase from the previous year, driven by higher imports of Jordanian food and
Arab News
13/01/2025
The Central Bank of Oman (CBO) raised OMR26.250 million by a way of allotting treasury bills on Monday.
The value of the allotted treasury bills amounted to RO 5 million, for a maturity peri
Times of Oman
12/01/2025
The Public Establishment for Industrial Estates (Madayn) saw rapid growth in its digital indicators over the past five years. Testimony to this growth is the successive implementation of many vital p
Times of Oman
12/01/2025
Qatar Airways Group launched its annual safety and security awareness event, which "aims to reinforce the culture of safety" across all of its business operations.
Under the theme 'It Begins
The Peninsula