The Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund (PIF), has signed an agreement with Riyad Bank to acquire a SR500 million ($133.13 million) real estate financing portfolio, reports say. Fabrice Susini, CEO of SRC and Tareq Al-Sadhan, CEO of Riyad Bank signed the deal in the presence of of […]
Libya and the United Arab Emirates have started discussions aimed at re-establishing direct air connections between the two countries. In this connection, Libya’s Minister of Transportation, Mohamed Al-Shahoubi, met with Ahmed Taher, an envoy from Dubai’s Civil Aviation Authority, at Mitiga Airport in Tripoli, on Tuesday. Talks centered on technical and security preparations necessary for […]
A new presidential decree coming into effect this February 1 will increase import duties on luxury goods from 10% to 40% as the government tries to boost its foreign reserves and ensure that they are spent on essential products while hoping to contribute to an increase in demand of local products. Ahmed Shiha, head of […]
