The price tag for Saudi Arabia’s ambitious plans runs into the trillions of dollars if fully built, far more than the country’s $1 trillion wealth fund. The U.K., Italy and Japan have already partnered on the Global Combat Air Programme, which aims to put a new stealth fighter with supersonic capability in the skies by 2035.

Gold prices rose in Saudi Arabia on Thursday, according to data compiled by FXStreet . The price for Gold stood at 332.93 Saudi Riyals (SAR) per gram, up compared with the SAR 332.24 it cost on Wednesday. The price for Gold increased to SAR 3,883.21 per tola from SAR 3,875.14 per tola a day earlier.

On January 27, Italian Prime Minister Giorgia Meloni said Italy is in favor of Saudi Arabia joining the Global Combat Air Program (GCAP), according to the Italian Prime Minister’s Office. Italy, Japan, and the U.K. launched the GCAP in December 2022 with a goal of deploying the next-generation fighter by 2035.

The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts.

By bnm Gulf bureau STC Bank has received regulatory approval from the Saudi Central Bank (SAMA) to commence operations as a digital bank following successful completion of its pilot phase, the bank announced on January 29.

Previously, She spent a decade in Saudi Arabia, the Middle East's largest economy and the world’s top oil exporter, covering a broad range of topics including the impact of the 2011 oil boom ...

The U.K., Italy and Japan have already partnered on the Global Combat Air Programme, which aims to put a new stealth fighter with supersonic capability in the skies by 2035.

Bank loans in Saudi Arabia are estimated to grow by 10% during the current year, primarily driven by corporate lending from the implementation of Vision 2030 projects, S&P Global said in its Saudi Arabia banking sector outlook 2025. Mortgages will likely ...

The fading shadow of reflationists in the Bank of Japan, and the latest addition to the board of an academic favouring an end to ultra-low interest rates, will likely bring the central bank's thinking closer to global peers taking a more conventional approach on monetary policy.

Saudi Arabia-based fintech Lendo has secured a $690 million warehouse facility led by J.P. Morgan.  Founded in 2019 by

The Bank of Japan made a significant step toward shrinking its massive balance sheet last week, while market watchers were fixated on the biggest interest rate increase from the central bank in 18 years.

The Japanese government expects its annual debt-servicing costs to rise to almost $230 billion over the next four years as the central bank’s campaign to gradually raise interest rates drives up financing costs.