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.
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
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
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.
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
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.
Lack of proper planning of International Financial Reporting Standards (IFRS) implementation by Saudi companies can derail their compliance with the regulatory requirements, an industry expert said.
“As Saudi Arabia moves to
The Saudi Arabia Central Bank (Sama) recently raised banks’ maximum allowable loan-to deposit (LTD) ratio to 90 per cent from 85 per cent, which will allow banks to continue expanding credit while limiting price competition for deposits.
The Saudi Arabian central bank has warned commercial banks against betting on depreciation of the riyal as tumbling oil prices put pressure on the Saudi currency, several bankers operating in the market said.
The riyal, pegged in
Saudi Arabia's central bank governor said on Monday recent volatility on its currency in the forwards market is due to speculation based on unrealistic expectations.
The Saudi riyal hit a record low on January 7, amid renewed