Tuesday 24 May 2016
 
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foreign assets

Saudi cbank foreign assets drop 1.9pc in Nov

Net foreign assets at Saudi Arabia's central bank fell 1.9 per cent in November from the previous month to SR2.356 trillion ($628 billion) as the government liquidated assets to cover a huge budget deficit caused by low oil prices.

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Saudi foreign asset drawdown continues

Net foreign assets at Saudi Arabia's central bank fell 1.2 per cent from the previous month in September to SR2.426 trillion ($647 billion), their lowest level since November 2012, official data showed on Thursday. The central

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Saudi foreign assets fall $6.6bn on move to cover deficit

Net foreign assets at Saudi Arabia's central bank fell by $6.6 billion in August as the kingdom liquidated assets to cover a budget gap caused by cheap oil, official data showed on Monday. The central bank, which serves as the

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Saudi central bank's net foreign assets down 1.7pc

The net foreign assets at Saudi Arabia's central bank fell to SR2.546 trillion ($678.8 billion) in April, down by $11.8 billion or 1.7 per cent from the previous month as the kingdom drew on its reserves to cover a budget deficit caused by l

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Abu Dhabi's assets will buffer impact of oil price drop

While the drop in oil prices will likely cause Abu Dhabi's economic growth to slow in 2015 and put an end to four consecutive years of double-digit fiscal surpluses, the emirate's sizeable stock of foreign assets will help cushion the im

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Saudi net foreign asset soars to record $713bn

Saudi Arabia's net foreign assets hit a record high of SR2.676 trillion ($713 billion) in November, according to the data released by the kingdom's central bank.        The M3 money supply growth re

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Qatar Petroleum plans global expansion drive

Qatar Petroleum (QP), the world's largest liquefied natural gas (LNG) exporter and main source of Qatar's huge wealth, plans to expand internationally, the Gulf state's energy minister said on Thursday. QP businesses a

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Saudi foreign assets hit $682bn in July

Saudi Arabia’s foreign assets surged to a record high of SR2.56 trillion ($682 billion) in July as a result of robust oil revenues and possibly a higher return on Saudi Arabian Monetary Agency's investments, according to a report.

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US to target taxpayers’ foreign assets

The US is planning is new law aimed at American taxpayers who hold unreported foreign financial assets, according to a report. Expatriates in the US who have accounts with financial institutions in the GCC will face a broad-based

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UAE foreign assets surge to $66bn in April

The United Arab Emirates central bank's foreign currency assets rose to 241 billion dirhams ($65.6 billion) in April, their highest level since 2007, data showed on Thursday. The assets included Dubai government bonds worth 36.72 bi

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