The Saudi Investment Promotion Authority (IPA) and Japan's Mizuho Bank signed a memorandum of understanding (MoU), the Saudi Press Agency reported. The MoU aims to strengthen investment ties and business opportunities between the two countries.
The U.K., Italy and Japan have already partnered on the Global Combat Air Programme, which aims to put a new stealth fighter with supersonic capability in the skies by 2035.
Saudi Arabia said it will begin allowing foreigners to invest in publicly-traded companies owning real estate in the holy cities of Makkah and Madinah as the kingdom looks to draw in more overseas investment.
Italian insurer and export credit agency Sace said Sunday that it signed five accords worth $6.6 billion in Saudi Arabia.
Bank of Japan goes through with planned rate increase, saying president is acting within expectations.
After Trump said he would “demand that interest rates drop immediately,” the 2-year Treasury yield edged lower and stocks ticked up.
He attributed the recent strains between Washington and Beijing to his predecessor, Joe Biden, and expressed optimism that China could play a role in resolving the conflict in Ukraine. This softer approach suggests a potential thaw in relations,
Asian equities mostly rose Thursday, cheered by another tech-fuelled run-up on Wall Street after Donald Trump's huge AI investment announcement, as traders assessed the outlook for the next four years under the new president.
Osaka: The Saudi Ambassador to Japan and Commissioner General of the Kingdom's Pavilion at Expo 2025 Osaka, Dr. Ghazi Binzagr, participated in the final International Participants' Meeting, held from January 15 to 16 at the Himeji Culture and Convention Center.
Italy has signed cooperation and industrial agreements worth around $10 billion with Saudi Arabia as part of a strengthened strategic partnership between the two countries, Italian Prime Minister Giorgia Meloni said on Sunday.
Giving explicit advance signals, in addition to making the Bank of Japan feel boxed in, could breach Japanese law stipulating the nine-member board must debate and sign off on rate decisions at each policy meeting.