Tuesday 23 January 2018
 
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Saudi 2018 budget backing non-oil sector: NBK

Saudi Arabia’s SR978 billion ($260 billion) budget for 2018 is sends a strong signal that the government is serious about supporting the economy, especially the non-oil sector, and pursuing its Vision 2030 objectives, said the National Ban

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Saudi banks told not to deduct amount from new allowance

Saudi Arabia's King Salman bin Abdulaziz Al Saud has issued directives to the Saudi Arabian Monetary Authority (Sama) to ensure that banks do not take advantage of the recent increase in living allowances and bonuses to deduct other loans

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Saudi banks told not to deduct amount from new allowance

Saudi Arabia's King Salman bin Abdulaziz Al Saud has issued directives to the Saudi Arabian Monetary Authority (Sama) to ensure that banks do not take advantage of the recent increase in living allowances and bonuses to deduct other loans

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Saudi Arabia’s 2018 budget walks a fine line: BofAML

Saudi Arabia’s 2018 budget is, on balance, expansionary as the pace of austerity eases further thanks to higher oil prices and more gradual fiscal reforms, said the Bank of America Merrill Lynch (BofAML) in its analysis. &nb

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Saudi economic activity tepid in Oct: Al Rajhi

The data for October from the Saudi Arabian Monetary Agency (Sama) indicated that Saudi economic activity remained tepid during the month, said Al Rajhi Capital, a top financial institution in the kingdom.  Credit to the priv

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Saudi economic activity picking up: Al Rajhi

Rising banking sector profits and increase in POS transactions along with a rise in non-oil exports indicate economic activity in Saudi Arabia is picking up, a report said. However, private sector credit declined in September whil

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Saudi consumer spending improves in July

Consumer spending in Saudi Arabia improved in July, as POS transactions and ATM withdrawals, both posted their best annual growth rates in about nine months, said Al Rajhi Capital, a top financial services provider in the kingdom.

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Saudi Arabia denies ban on Qatari riyal dealings

The Saudi Arabian Monetary Agency (Sama) has debunked reports circulating on social media suggesting that it has instructed local financial institutions to stop dealing in Qatari riyals. The Saudi Press Agency (SPA) quoted Sama as

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Saudi insurance sector ‘offers huge opportunities’

The Saudi insurance market has a huge opportunity to grow with the sector contributing only 1.5 per cent to the kingdom’s GDP last year, said Governor of the Saudi Arabian Monetary Authority (Sama). Inaugurating the 4th Saud

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Over 1,000 experts for Saudi insurance summit

More than 1,000 insurance specialists and a selection of local and international executives are expected to take part in the upcoming Saudi Insurance Symposium in Riyadh, Saudi Arabia. Under the patronage of Dr Ahmed Abdulkarim Al

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