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Saudi central bank, Ripple in key blockchain dealSaudi Arabian Monetary Authority (Sama), the country's central bank has inked a deal with US-based Ripple, a key provider of real-time gross settlement system and currency exchange, to help banks boost their payments infrastructure using its More… |
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Saudi cbank 'bans use of options against riyal'Saudi Arabia's central bank has told banks it is banning the use of options and other derivatives to speculate against the riyal, in a new effort to reduce pressure on its currency peg, a senior executive at a Saudi bank told Reuters on Sund More… |
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Saudi cbank to appoint deputy governorThe Saudi Arabian Monetary Agency (Sama) is set to appoint KPMG Saudi Arabia's managing partner Tareq Al-Sadhan as its new deputy governor for supervision, two sources told Reuters on Thursday. Al-Sadhan was leaving KPMG at th More… |
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Saudi cenbank to supervise foreign share listingSaudi Arabia's central bank will play a bigger role in the supervision of the country's financial sector as the kingdom weighs opening up its stock market to direct investments by foreigners. The country's Capital Market Author More… |
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Saudi cbank 'not worried' about inflationSaudi Arabia's inflation levels are not worrying and will continue to decline, the country's central bank governor Muhammad Al-Jasser has said. "Inflation levels are not worrying. Inflation has become stable since the be More… |
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Currency union may be delayedGulf states plan to launch their monetary council next year but the proposed single currency may be delayed, the Saudi central bank chief has said. 'The (Gulf) monetary council will be established in 2010. It will be entrusted to compl More… |
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Saudi cbank sees lower rents on housing supplyRents in Saudi Arabia are expected to decline further as more housing supply enters the market, the central bank governor said on Tuesday. Speaking at a news conference, Muhammad al-Jasser said rents would decline due to the 'vigorous More… |
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Saudi central bank gets deputy chiefSaudi Arabia's King Abdullah has appointed Abdulrahman Al-Humaidi as deputy governor of the kingdom's central bank, the official news agency SPA reported on Sunday. The appointment should not lead to any policy changes at the centr More… |
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Saudi cbank cuts reverse repo rateSaudi Arabia's central bank said it reduced on Tuesday the reverse repurchase rate by 25 basis points to 0.50 percent to realign it with short-term rates after inflationary pressures eased. "This measure has been taken in view of the easin More… |
