Saudi trade summit takes place in Riyadh

The 7th Annual Saudi Trade Finance (STF) Summit took place recently in Riyadh, with the slogan “Enabling the Kingdom’s vision for a better future.” (Twitter/@QnAIntl)
Updated 20 November 2019

Saudi trade summit takes place in Riyadh

  • The summit was founded in 2013 to bridge the gap between CFOs and financial institutions
  • The high-profile event provided a platform to bring together CEOs, presidents, chairmen, group CFOs, finance and treasury heads and thriving government agencies in the Kingdom

RIYADH: The 7th Annual Saudi Trade Finance (STF) Summit took place recently in Riyadh, with the slogan “Enabling the Kingdom’s vision for a better future.”
The high-profile event provided a platform to bring together CEOs, presidents, chairmen, group CFOs, finance and treasury heads and thriving government agencies in the Kingdom to open up thought-provoking panels on current trends, challenges and opportunities in the finance sector.
The summit was founded in 2013 to bridge the gap between CFOs and financial institutions, and this year the General Authority for Small and Medium Enterprises (Monshaat) organized, supported, developed and sponsored the small and medium enterprise (SME) sector.
Monshaat, as a supporting partner of STF, told Arab News: “The efforts of Monshaat in the finance sector is verified into many categories dedicated to small and medium enterprises, including: Venture Capital, SMEs fees refund, funding platform, and indirect lending with a total budget of approximately SR11.4 billion ($3.039 billion) distributed among them.
“An example of one portal is the funding platform, that brings together entrepreneurs and owners of SMEs looking for financing, allow them to choose appropriate financing and connect them to 20 20 funding partners including banks, finance companies and investment companies.”
The STF Summit’s informative conference sessions and unparalleled networking opportunities this year have emphasized the diversification of the economy to empower financial institutions and corporates in achieving the Kingdom’s Vision 2030 Program through sustainable growth.


Curfew imposed in Saudi Arabia’s Dammam, Taif and Qatif governorates

Updated 03 April 2020

Curfew imposed in Saudi Arabia’s Dammam, Taif and Qatif governorates

  • An exception will be made to services and activities previously announced by the ministry
  • Saudi Arabia announced on Thursday five deaths from coronavirus and said that 165 new cases have been detected

DUBAI: A curfew in Saudi Arabia’s Dammam, Taif and Qatif will start on Friday 3p.m. until further notice, state news agency SPA reported, citing Saudi Arabia’s Ministry of Interior.
An exception will be made to services and activities previously announced by the ministry. The decision is part of the country’s efforts to curb the spread of coronavirus.
Saudi Arabia announced on Thursday five deaths from coronavirus and said that 165 new cases have been detected. Of the new cases, 48 were detected in Makkah and 46 in Madinah.
The interior ministry implemented a 24-hour curfew in the two holy cities on Thursday to limit the spread of coronavirus.