Tuesday 19 September 2017
 
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Saudi consumer spending improves in July

Consumer spending in Saudi Arabia improved in July, as POS transactions and ATM withdrawals, both posted their best annual growth rates in about nine months, said Al Rajhi Capital, a top financial services provider in the kingdom.

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Saudi Arabia denies ban on Qatari riyal dealings

The Saudi Arabian Monetary Agency (Sama) has debunked reports circulating on social media suggesting that it has instructed local financial institutions to stop dealing in Qatari riyals. The Saudi Press Agency (SPA) quoted Sama as

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Saudi insurance sector ‘offers huge opportunities’

The Saudi insurance market has a huge opportunity to grow with the sector contributing only 1.5 per cent to the kingdom’s GDP last year, said Governor of the Saudi Arabian Monetary Authority (Sama). Inaugurating the 4th Saud

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Over 1,000 experts for Saudi insurance summit

More than 1,000 insurance specialists and a selection of local and international executives are expected to take part in the upcoming Saudi Insurance Symposium in Riyadh, Saudi Arabia. Under the patronage of Dr Ahmed Abdulkarim Al

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Saudi insurance firms to provide no-claim discounts

Insurance companies in Saudi Arabia are required to provide no-claim policyholders with a discount when pricing individual mandatory motor insurance policies as per Saudi Arabian Monetary Authority (Sama) instructions, a statement said.

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Saudi inflation growth in December hits new low

Saudi Arabia saw inflation grow by the slowest pace at least since 2012, by 1.7 per cent year-on-year (y-o-y) versus 2.3 per cent y-o-y in November, mainly owing to the fall in food prices, a report said. Inflation in December gre

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Saudi's forex reserves to hit $523bn by year-end

Saudi Arabian Monetary Authority’s (Sama) foreign exchange reserves are estimated to reach nearly SR1.961 trillion ($523 billion), by the end of this year, implying lower net withdrawals over the remainder of 2016 as a result of the intern

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Saudi central bank gets new name

Saudi Arabian Monetary Agency, the kingdom's central bank, has changed its name to Saudi Arabian Monetary Authority. The acronym SAMA, however, remains unchanged, said the Saudi central bank in a statement. All

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Park Inn Muscat's new terrace lounge opens

Park Inn Muscat’s Sama Terrazza rooftop lounge has opened its doors to patrons offering its panoramic view and relaxing ambiance with lounge background music. Guests can now enjoy the charm of relaxing under the stars as sun

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Monetary stability top priority: New Saudi cbank chief

New Saudi Arabian Monetary Authority Governor Ahmed Al-Kholifey said his main priority is to maintain monetary stability and support the government's Vision 2030 economic reforms, Al Sharq Al Awsat newspaper reported on Sunday.

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