Bangladesh’s energy sector receives $1.4bn funding boost from ITFC

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RIYADH: The latest edition of a framework designed to enhance e-government services and accelerate digital innovation in Saudi Arabia has been launched. The Digital Transformation Index for 2024 seeks to elevate the commitment levels of the public sector to decisions and directives concerning technological evolution.  Additionally, it aims to improve the quality of e-government services … Read more

ITFC signs deals worth $715m to support private sector, banks in Uzbekistan

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RIYADH: The UAE’s non-oil private sector expanded in February as it delivered the strongest output growth since June 2019, according to S&P Global’s purchasing managers’ index report. The analysis saw the Middle Eastern country given a PMI standing of 57.1 – up from 56.6 in January – with increased new business, more robust client activity, and intensified marketing and … Read more

ITFC, Asia Alliance Bank ink $10m deal to boost private sector in Uzbekistan

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RIYADH: Saudi-based International Islamic Trade Finance Corp. has signed a $10 million agreement with the Asia Alliance Bank to bolster trade funds for Uzbekistan’s private sector. As part of the deal, the corporation will provide a $10 million financing arrangement to address trade budget needs, prioritizing small and medium-sized enterprises.

ITFC, Djibouti sign $90m Murabah deal to secure energy supply 

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Riyadh Air inks deal with Sabre Corp. to enhance operational efficiency RIYADH: The operational efficiency of Saudi Arabia’s upcoming airline Riyadh Air is poised for improvement with the signing of an agreement with Texas-based Sabre Corp.  Under this deal, the software and technology provider will help the carrier drive incremental revenue gains through end-to-end network planning and … Read more