Latest in Tag: Saudi Highlight

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Latest in Tag: Saudi


Saudi Alhokair Family acquires 4.99% stake in Cairo-based valU

Saudi Alhokair Family acquires 4.99% stake in Cairo-based valU

Currently subject to relevant regulatory approvals and satisfaction of certain conditions precedent, the transaction marks Alhokair Family’s first investment in a BNPL platform in Egypt, underscoring valU’s strength in the market and marking a key steppingstone for the platform to create strategic regional partnerships.

Daily News Egypt

China Saudi Arabia to bolster cooperation through Belt and Road e1551175664452

Opinion| Saudi-Chinese cooperation raises concerns in United States of America

     Experts also believe that allowing oil payments to be paid in yuan may pave the way for the establishment of a parallel system of international payments in which the Chinese yuan will occupy the importance and strength similar to the US dollar. Also, it will help Russia bypass the sanctions imposed by Western countries after it invaded Ukraine, as Moscow can use the yuan as well.

Marwa El- Shinawy