Saturday 19 April 2014
 
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Sama

SAP to upgrade Saudi bill payment system

The Saudi Arabian Monetary Agency (Sama) has enlisted business software leader SAP to revamp Sadad, the national electronic bill presentment and payment back office system, with cutting-edge technology. The project is expected to

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Saudi SWF assets highest in region

Saudi Arabia ranked second globally and first in the Arab world in terms of the assets of sovereign wealth funds (SWFs), said a report. Assets and foreign holdings of the Saudi Arabian Monetary Agency (Sama), or the kingdom’

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Saudi boosts investment in foreign bonds

Saudi Arabian Monetary Agency (Sama) saw its investment in overseas bonds and shares soar to SR1.7 trillion ($453.2 billion) by December 2012,  thus registering a 21 per cent growth over the previous year, said a report. This

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Saudi to allow foreign real estate finance firms

  Saudi Arabia will allow foreign financing companies to operate in the kingdom to boost the real estate financing sector, Saudi Arabian Monetary Agency (Sama) Governor Fahad Al-Mubarak was quoted as saying by a report.

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New Saudi mortgage law ‘positive, impact in long-term’

The partial regulations for the Saudi Mortgage Law published by the Saudi Arabian Monetary Agency (Sama) are positive and will impact the banking sector in the medium to long term, said a report released by NCB Capital. “The

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ITS deploys security system in Sama bank

ITS (International Turnkey Systems) Group, a leading software firm, has developed a security system for Saudi Arabian Monetary Agency (Sama) to manage electronic payments, digital signatures and smart cards. The security system has been im

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ITS develops payments system for Saudi cbank

ITS (International Turnkey Systems) Group, a leading software firm, has developed a security system for Saudi Arabian Monetary Agency (Sama) to manage electronic payments, digital signatures and smart cards. The security system has been im

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Saudi appoints new central bank head

Saudi King Abdullah on Tuesday appointed a new central bank governor and named a new economy minister in a limited  reshuffle of the Opec member's cabinet, which did not affect the oil ministry, state television reported.   &nb

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Saudi beverage firms win quality awards

Several Saudi Arabian companies within the regional beverage industry have gained the “Qatra Award 2010” for the quality of their products at a recent beverage conference in Beirut. The Al Rabie Saudi food Company won the award for its bes

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Saudi inflation pressures worrying: cbank

Inflationary pressures in Saudi Arabia are worrying but the central bank sees no need to adjust interest rates, its governor Muhammad Al-Jasser said on Sunday. 'At 6.1 percent, the inflationary pressures are worrying ...We are monitori

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