Browsing: Financing

AlUla, February 08, 2026, SPA — Islamic Development Bank (IsDB) Group President Dr. Muhammad Al-Jasser and Uzbekistan’s Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov signed financing agreements to support key infrastructure and social development projects on the sidelines of the Second AlUla Conference on Emerging Market Economies. The two sides also held talks to expand cooperation between the IsDB and Uzbekistan, focusing on accelerating high-impact initiatives aligned with Uzbekistan’s national development priorities. The first agreement covers a $70 million phase of the IsDB’s total $192

Riyadh, November 21, 2025, SPA — A memorandum of understanding (MoU) was signed to establish a strategic partnership framework between the Real Estate Development Fund (REDF), the Saudi Mortgage Guarantees Services Company (Damanat), the National Housing Company (NHC), and the Industrial and Commercial Bank of China Limited (ICBC) Riyadh branch. The MoU, signed under the patronage of Minister of Municipalities and Housing and REDF Board of Directors Chairman Majed Al-Hogail, aims to develop innovative financing and guarantee mechanisms that enable the real estate development sector to engage in EPC+F contracting with major Chinese contrac

Jeddah, November 18, 2025, SPA — The Global Entrepreneurship Week kicked off yesterday at the Jeddah Chamber, attracting a large turnout of entrepreneurs, investors, and experts, alongside the participation of organizations supporting innovation and youth empowerment. The first day’s sessions focused on innovative financing for entrepreneurs and underscored how innovation drives projects that improve the quality of life. Participants learned about the Small and Medium Enterprise Bank’s (SME Bank) financing solutions through consultation sessions covering legal, financial, marketing, and administrative aspects. The exhibitio