Search

Saudi Arabia’s Banking Sector Gains Momentum

Allen dreyfus Logo
© Allen Dreyfus
  • Moody’s highlights growth in non-carbon sectors like construction and tourism as key drivers for Saudi banks
  • Kingdom’s banking profits surge by 23% as Vision 2030 reforms continue to fuel lending opportunities

A recent report from credit rating agency Moody’s reveals that Saudi Arabia’s ambitious drive for economic diversification is propelling growth in its banking sector, with non-hydrocarbon industries such as construction and tourism presenting attractive lending prospects.

Recent Business

Oil refinery. Photo by Devon Chandler @ Pixabay
Uganda’s oil refinery delayed until 2029–2030 as crude exports start earlier
Read More »
Railway workers inspecting a rail track. Photo by Javad Esmaeili @ Pixabay
Angola opens Namibe Corridor rail concession to global investors
Read More »
Oil field. Photo by Redhawk Investment Group @ Pixabay
Senegal’s export boom hits record as oil, gold surge reshape economy
Read More »

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »

Latest Posts

Latest news insights