Monday 31 August 2015
 
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Saudi Arabia 'considers 10pc spending cut'

According to Bloomberg, the Saudi government is conducting a review of capital spending plans with advisors, said an industry expert, adding that the government is looking to delay or shrink some infrastructure projects, and may be contemplating

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Former Saudi official presses for change in managing oil wealth

A former senior official at Saudi Arabia's central bank says he believes the kingdom may soon change the way it manages its oil wealth as part of efforts to protect its financial reserves in an era of cheap crude.  

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Saudi may change the way it manages oil wealth

A former senior official at Saudi Arabia's central bank says he believes the kingdom may soon change the way it manages its oil wealth as part of efforts to protect its financial reserves in an era of cheap crude. The Saudi Ar

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Saudi liquidity holds up in May over stable oil

Saudi Arabia’s domestic liquidity held up in May, helped by the stabilization in oil prices, at the cost of continued expansionary fiscal policy, a report said. M3 growth was 10.4 per cent year-on-year (yoy) in May, increasi

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Saudi market capitalisation growing at 10pc

Total market capitalisation in Saudi Arabia registered a compound annual growth rate (CAGR) of 10 per cent during 2009-13 to $467.5 billion, while the number of listed companies rose from 135 to 163 in the same period, a top official said.

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$6.6m ’Sama Abha' project to start soon

The first phase of the SR25 million ($6.6 million) Sama Abha project is set to start, as Asir Mayor Ibrahim Khalil scrutinises bids for the contract, according to a report. The 17 million-sq-m project will include a plane restaura

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Sama governor named 'best central banker'

The Governor of Saudi Arabia Monetary Agency (Sama), the central bank of the kingdom, has been named as one of the world's best central bankers by the Global Finance magazine. Fahad Al-Mubarak has earned an “A&r

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Nakheel lines up a world of DSS entertainment

Real estate developer Nakheel is gearing up for its busiest season on record at the Ibn Battuta Mall, Dubai, where a world of entertainment, promotions and prizes awaits visitors throughout Dubai Summer Surprises 2014. Nakheel is

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Sama issues new currency worth $266m

The Saudi Arabian Monetary Agency (Sama) has issued new Saudi riyal currencies worth SR1 billion ($266.6 million) to meet growing demand during Eid Al-Fitr, said a report.  

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Sama moves to curb rise in housing rents

The Saudi Arabian Monetary Agency (Sama) is set to issue real estate financing licenses to some banks and other financing institutions, in a move to curb the spiralling housing rent in the kingdom, said a report.  

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