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Saudi Arabia’s economic pointers improveSaudi Arabia’s economic indicators appear to be improving as per the latest monthly economic data released by Saudi Arabian Monetary Authority (Sama), said Al Rajhi Capital, a top financial services provider in the kingdom. More… |
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Fitch raises Saudi 2018 GDP growth forecastFitch Ratings has increased Saudi Arabia’s 2018 GDP growth forecast to 2.2 per cent from 1.8 per cent estimated earlier in line with the IMF’s estimate of the Kingdom’s growth (2.2 per cent for 2018) released last month, a repo More… |
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Saudi central bank raises key ratesSaudi Arabian Monetary Authority (Sama) has decided to raise its reverse repo rate from 200 basis points to 225 basis points and its repo rate from 250 basis points to 275 basis points, effective immediately. T More… |
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200 experts for Corporate Restructuring SummitOver 200 industry leaders from prominent banks and corporates converged at the recently held inaugural edition of the Corporate Restructuring Summit in Dubai, UAE aiming to embracing new perspectives to tackle corporate credit challenges. More… |
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Expat remittances in Saudi Arabia drop 17pcForeign remittances by expatriate workers in Saudi Arabia reached SR10.6 billion ($2.82 billion) in June 2018 as against SR12.75 billion in the previous month, marking a decrease of 16.9 per cent, a media report said. Remittances More… |
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Sama, Monami Tech ink strategic partnershipAl Hail Orix Finance, the parent company of Sama, has announced the signature of a formal agreement and the formation of a strategic partnership with UAE-based award winning fintech payments company Monami Tech. The primary aim of More… |
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Sama suspends Willis Saudi Arabia operationsA number of companies, including airlines and aviation firms, in the GCC and Egypt have dissolved agreements with Willis Saudi Arabia following the Saudi Arabian Monetary Authority's (Sama) decision to suspend the firm's insurance and re More… |
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MSCI inclusion to boost investment in Saudi equitySaudi Arabia’s likely inclusion in MSCI’s Emerging Market (EM) index in June will help the country attract billions of dollars in its equity market, said a new report from Al Rajhi Capital, a top financial services provider in the ki More… |
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IMF raises Saudi economic growth forecastThe International Monetary Fund (IMF) has marginally raised Saudi Arabia’s 2018 economic growth forecast to 1.7 per cent as against the previous 1.6 per cent following the rise in crude oil prices, a report said. This is exp More… |
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Sama, Deloitte to develop fintech ecosystemThe Saudi Arabian Monetary Authority (Sama), in collaboration with Deloitte Middle East, plans to develop a financial technology (FinTech) ecosystem aligned with the Kingdom’s Vision 2030 programme to enhance its economic competitiveness. More… |
