Tag: saudi arabia

The policy will support multi-year prepayment transactions with mining companies worldwide, with an expected value of up to $800m. Saudi Arabia will gain access to critical metals and minerals as it diversifies away from oil.

Ant’s e-commerce payment platform Antom will commence operations locally later in the year.

The aim is to help Tarabut deliver services such as real-time account-to-account payments across the Middle East and globally.

Nowhere is diversifying faster than the Middle East and corporates are queuing up to invest. CT looks at three of the region’s prime hotspots.

Chinese tech giant Lenovo Group has agreed a $2bn bond issuance with Alat, a Saudi Arabian Public Investment Fund, and to build a new PC and server manufacturing facility in Riyadh.

The Chinese firm will use Saudi Arabia as a key gateway into the Middle East to further expand the reach of its payment and financial services.