Latest news with #privatesector
Zawya
10 hours ago
- Business
- Zawya
Saudi bank credit records annual growth of over $118.13bln by end of April 2025
RIYADH — Bank credit granted to the public and private sectors in Saudi Arabia reached SR3,126,381 million (over SR3.126 trillion) by the end of April 2025, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for April. This marks an annual growth of 16.5 percent and an increase of more than SR443.018 billion compared to the same period in 2024, when bank credit stood at SR2.683 trillion. Quarterly, bank credit continued to rise at all levels, recording a growth of five percent compared to the fourth quarter of 2024, increasing by SR146.411 billion. By the end of the first quarter of 2025, bank credit had grown from over SR2.955 trillion to over SR3.101 trillion. On a monthly basis, bank credit recorded a growth of 0.8 percent, rising by SR24.420 billion, compared to March 2025, when it stood at SR3,101,961 million. Bank credit granted to the public and private sectors was distributed across more than 17 diverse economic activities, serving as a key driver in achieving comprehensive and sustainable economic growth and contributing to the goals of Saudi Vision 2030. According to SAMA data, long-term credit (for over three years) accounted for 49 percent of total bank credit, valued at over SR1.524 trillion. Short-term credit (less than one year) represented 36 percent, amounting to over SR1.135 trillion. Medium-term credit (from one to three years) comprised about 15 percent, totaling SR465.937 billion. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Bloomberg
3 days ago
- Business
- Bloomberg
Germany Discusses Creating State-Owned Strategic Gas Storage
Germany is examining whether it should create a strategic store of gas, a smaller version of America's emergency oil reserve, according to people familiar with the plans. The economy ministry has commissioned experts to look into the feasibility of state-owned gas storage, said the people who couldn't be named as the matter is confidential. Most gas sites are filled by private companies which buy the fuel in summer and pay to store it until winter when they hope to sell it back to the market for a profit.
Zawya
4 days ago
- Business
- Zawya
Egypt secures $15.6bln in development financing for private sector from 2020 to 2025
Arab Finance: The Ministry of Planning and Economic Development, and International Cooperation has launched a new report titled "Development Finance to Foster Private Sector: Led Growth and Job", highlighting Egypt's success in mobilizing $15.6 billion in concessional financing for the private sector from January 2020 to May 2025, as per a statement. The report was unveiled during a high-level conference held under the auspices of Prime Minister Mostafa Madbouly in the New Administrative Capital, with the participation of ministers, development partners, international institutions, the European Union, and private sector representatives. The event served as a platform to review both direct and indirect financing mechanisms extended by development partners to local and foreign private sector actors over the past five years. Minister of Planning and Economic Development, and International Cooperation Rania Al-Mashat stressed that empowering the private sector is no longer optional but a strategic necessity to build economic resilience, foster sustainable growth, and create employment. She emphasized that development financing plays a crucial role in addressing the global financing gap by offering concessional resources, technical support, and risk-reducing instruments, especially in critical sectors. Al-Mashat noted that institutional coordination, enhanced transparency, and strengthened partnerships with development partners are key to generating impactful projects that contribute to job creation, local development, and a broader economic transformation. She described development finance for the private sector as an investment in Egypt's future. According to the report, Egypt has witnessed a marked evolution in its relationship with development partners, with a clear shift toward prioritizing the private sector. In 2024, for the first time, development financing to the private sector exceeded that of the public sector, reaching over $4.2 billion. From January to May 2025, the private sector secured an additional $1.14 billion in financing, underscoring sustained momentum and growing international confidence in Egypt's investment climate. More than 30 bilateral and multilateral development partners have provided funding through a wide range of instruments tailored to private sector needs. The European Bank for Reconstruction and Development (EBRD) led with 22% of total financing, followed by the European Investment Bank (EIB) at 21%, reflecting a strong European presence in financing infrastructure and private sector capacity-building. Together, EBRD and EIB accounted for nearly $7.3 billion, approximately 47% of total development financing for the private sector since 2020. The International Finance Corporation (IFC) ranked third, contributing 19%, reflecting a focus on small and medium-sized enterprises and direct investment. The report also presents a comprehensive framework for empowering the private sector, focusing on improving the business environment, enhancing competitiveness, and building institutional capacity. It highlights access to a diverse set of financial tools, ranging from concessional loans and equity investments to tailored technical assistance, as essential for long-term development impact. The report identifies green transformation, digital economy, entrepreneurship, and inclusive growth as strategic pillars for the coming period. It stresses the importance of aligning development financing with national priorities and ensuring adaptability to evolving private sector needs, in line with Egypt's Vision 2030. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Bloomberg
12-06-2025
- Business
- Bloomberg
China Gets First Private Builder Dollar Bond Offering in Years
Seazen Group Ltd., one of the few major private-sector Chinese developers yet to default, started marketing a dollar bond that would be the first of its kind in more than two years. Once ranked among China's top 10 developers by contracted sales, the company set the initial price target for the three-year notes in the 13.25% yield to put area, a person familiar with the matter said. If successfully priced, it would be the first privately owned local builder to tap the publicly syndicated US-currency bond market since early 2023. The securities can be called and put after two years.
Globe and Mail
05-06-2025
- Business
- Globe and Mail
Isos Technology Celebrates 20 Years of Innovation and Impact
Isos Technology is proud to mark its 20th anniversary this June. Isos Technology, a leader in enterprise technology consulting and an award-winning Atlassian Platinum & Enterprise Solution Partner, is proud to mark its 20th anniversary this June. From humble beginnings as an enterprise Java development shop, Isos has grown into one of the most trusted names in digital transformation and service management across the public and private sectors. Co-founded in 2005 by Thad West (CEO), Sonny Coccera (former COO), and Danny Riley (Senior Vice President of Sales Strategy & Operations), Isos was born out of a passion for solving complex technology challenges with heart and humanity. Early adopters of Jira and Confluence to manage their own software development processes, the team quickly drew attention for how effectively they optimized Atlassian tools—and a consultancy was born. In December 2022, Isos Technology became a portfolio company of The Acacia Group, a move that reinforced its growth trajectory while keeping its original founders at the helm. Since then, Isos has significantly expanded its Atlassian capabilities through the acquisitions of MajorKey Technologies' Atlassian practice, HyperVelocity Consulting, and Stack Intelligence's Atlassian practice. These strategic additions have positioned Isos as one of the largest Atlassian Platinum Solution Partners in the world, further strengthening its role as a leader in delivering transformative service management, cloud, and strategic enterprise solutions across commercial and federal sectors. Over the past two decades, Isos has reached milestone after milestone. The company became an Atlassian Platinum & Enterprise Solution Partner in 2014, solidifying its position at the forefront of the Atlassian ecosystem. Since then, it has earned seven Atlassian Partner of the Year awards in categories including Jira Service Management, Enterprise, ITSM Solutions, Services, and Non-Profit Impact. Isos has also been recognized by premier Atlassian Marketplace partners. Appfire has named Isos a 'Red Hot Partner' several years in a row, and in 2025, Tempo Software named Isos their Public Sector Leader Partner of the Year. 'Twenty years is an incredible accomplishment,' said Thad West, CEO of Isos Technology. 'But it's not just about how long we've been here—it's about how much we've helped organizations grow, transform, and thrive. We owe our success to our dedicated team, our collaborative clients, and the strong partnerships we've built along the way.' To support its continued momentum into the next chapter, Isos recently expanded its leadership team, welcoming Ron Thompson as Chief Revenue Officer and John Clinton as Chief Financial Officer. Their arrival underscores the company's commitment to strategic growth without compromising on the personalized, high-quality client service and flexible, inclusive culture that define Isos. As Isos looks toward the future, its mission remains the same: to help organizations become the best version of themselves through smarter tools, efficient business practices, and empowered people. About Isos Technology Isos Technology helps organizations in the public and private sectors solve complex business challenges with Atlassian tools and industry best practices to drive enterprise excellence. Whether optimizing service management, migrating to the cloud, or developing long-term IT strategies, Isos Technology partners with teams to achieve measurable results. As an Atlassian Platinum Solution Partner, Isos specializes in ITSM, cloud migrations, and enterprise strategy. The company has been recognized multiple times as an Atlassian Partner of the Year. Since 2005, Isos Technology has helped Fortune 1000 companies and public sector organizations innovate and build sustainable success. For more information, visit Media Contact Company Name: Isos Technology Contact Person: Erin Philips Email: Send Email Phone: 480.366.5784 Country: United States Website:
