Wednesday 8 July 2015
 
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foreign assets

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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Saudi foreign assets hit record $668.2bn

Saudi Arabia central bank's net foreign assets surged to a record high of SR2.51 trillion ($668.2 billion) in April, the official data showed. The kingdom's M3 money supply growth too accelerated to 14.1 per cent year-on-year at

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UAE foreign currency assets soar to $56bn

The United Arab Emirates central bank's foreign currency assets rose to Dh205.2 billion ($55.9 billion) in December from Dh201.9 billion in the previous month, data showed on Wednesday. The assets include Dubai government bonds wort

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Saudi money supply growth surges in Aug

Saudi Arabia's M3 money supply growth accelerated to 9.7 per cent year-on-year at the end of August after a 9.5 per cent rise in the previous month, according to central bank data. The increase in bank lending to the pr

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