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 […]
Lackluster growth, rising indebtedness and heightened uncertainty due to the conflict in the Middle East are impacting economies across the Middle East and North Africa (MENA) region, says a new report by the World Bank. According to the World Bank’s MENA Economic Update, the regional economies are expected to return to low growth akin to […]
Morocco topped African and MENA region countries in the Renewable Energy Country Attractiveness Index established by British consultancy Ernest and Young. The North African kingdom came 13th internationally in a list of 40 countries that have invested heavily in developing clean energy sources. At the African level, Morocco was followed by Egypt (14th) and Kenya […]
