Page 2 - Financial Sector Development Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Saudi government is intensifying its efforts to help individuals raise the savings rate in the country, by encouraging the private sector to issue new sukuks. The Financial Sector Development Program, within Vision 2030, aims to raise savings rates among individuals, increase the availability of savings products, enrich financial culture and spread awareness of the importance of saving and its benefits to plan future goals.

UAE-based fintech Kema has raised a $2 million pre-Seed round, led by Speedinvest with participation from the Dubai Future District Fund...

The Saudi Ministry of Finance and the National Debt Management Center (NDMC) unveiled plans to launch the first savings product intended for individuals and supported by the government. Abdulaziz Al-Furaih, chairman of the Steering Committee at the Ministry of Finance, explained that the launch of the product comes within the initiatives of the Financial Sector Development Program - one of the Kingdom’s Vision 2030 programs - aimed at raising savings rates among individuals, by motivating them to save part of their income periodically.

Al Dosari chairs 21st board meeting of General Authority for Media Regulation

The Ministry of Commerce warned consumers against dealing with any fake links in search engines that take the consumer to fake pages so as to exploit the ministry’s identity.