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.
Saudi trade summit takes place in Riyadh
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
Saudi Crown Prince, UN secretary general discuss Gaza situation
RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman has received a phone call from UN Secretary General Antonio Guterres, the Saudi Press Agency said early Tuesday.
The pair discussed the latest developments in Gaza and efforts towards achieving peace and stability.
Saudi leaders congratulate Russian president on re-election
RIYADH: Saudi Arabia’s King Salman sent on Monday a cable of congratulations to Vladimir Putin on being re-elected as president of Russia, the Saudi Press Agency said.
The King commended distinguished bilateral relations in all fields.
Crown Prince Mohammed bin Salman also sent a similar cable to the Russian president.
The King and Crown Prince wished the Russian people further progress and prosperity.
Saudi foreign, culture ministers sign memorandum of understanding to boost cooperation
- MoU set to foster closer cooperation in advancing international cultural exchanges
RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan, and Minister of Culture Prince Badr bin Abdullah bin Farhan signed a memorandum of understanding on Monday to help boost collaboration between their ministries within the cultural sector and aid coordination across various fields, the Saudi Press Agency reported.
The agreement, which was signed in Riyadh, is set to foster closer cooperation in advancing international cultural exchanges.
It is in line with the Kingdom’s National Strategy for Culture under Vision 2030.
Jordan’s crown prince performs Umrah
- He was joined by a diverse group of the Jordanian Armed Forces, young entrepreneurs, activists, athletes
RIYADH: Jordan’s Crown Prince Hussein bin Abdullah on Monday performed Umrah, the minor pilgrimage to Makkah.
He also performed prayers at the Grand Mosque in Makkah, the Jordan News Agency reported.
Accompanying him were notable figures including Prince Omar bin Faisal, Prince Nayef bin Asem, and Prince Rakan bin Mired.
He was also joined by a diverse group comprising members of the Jordanian Armed Forces, young entrepreneurs, activists, athletes, and media professionals. They shared in the spiritual journey and also gathered for iftar, the meal to break the fast during Ramadan.
Saudi Red Crescent Authority responds to over 3,700 emergency calls in Madinah following start of Umrah season
- Some 1,746 individuals required emergency medical attention from SRCA’s ambulance teams
RIYADH: The Saudi Red Crescent Authority in Madinah has responded to a total of 3,762 emergency calls since the start of the Umrah season on March 6, the Saudi Press Agency reported on Monday.
Some 1,746 individuals required emergency medical attention from SRCA’s ambulance teams and were subsequently transported to various healthcare facilities for further treatment.
SRCA’s Madinah Branch Director General Dr. Ahmed Al-Zahrani said that the majority of calls were related to health concerns, while a significant number also pertained to traffic incidents.
Some 1,807 volunteers had worked 10,638 hours at the Prophet’s Mosque and Quba Mosque during this period, he added.
Individuals in Madinah can request ambulance services by calling 997 or by using the Asefni app, which allows users to communicate to an emergency team via a phone call or text message.