Saturday 13 February 2016
 
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Saudi cbank warns banks against riyal speculation

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

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Sama chief blames 'unrealistic speculators'

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

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Saudi debut bond likely to see good response

Saudi Arabia's debut international bond should get a warm welcome from foreign investors if it hits markets in 2016, though fund managers say they will need yields that compensate them for the political and oil price risks. Th

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Saudi international bond likely to get ‘warm welcome’

Saudi Arabia's debut international bond should get a warm welcome from foreign investors if it hits markets in 2016, though fund managers say they will need yields that compensate them for the political and oil price risks. Th

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Sama to appoint KPMG partner as dy governor

The Saudi Arabian Monetary Agency (Sama) is set to appoint KPMG Saudi Arabia's managing partner Tareq Al-Sadhan as its new deputy governor for supervision, two sources told Reuters on Thursday. Sadhan was leaving KPMG at the e

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Saudi cbank to appoint deputy governor

The Saudi Arabian Monetary Agency (Sama) is set to appoint KPMG Saudi Arabia's managing partner Tareq Al-Sadhan as its new deputy governor for supervision, two sources told Reuters on Thursday. Al-Sadhan was leaving KPMG at th

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Saudi Arabia 'considers 10pc spending cut'

According to Bloomberg, the Saudi government is conducting a review of capital spending plans with advisors, said an industry expert, adding that the government is looking to delay or shrink some infrastructure projects, and may be contemplating

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Former Saudi official presses for change in managing oil wealth

A former senior official at Saudi Arabia's central bank says he believes the kingdom may soon change the way it manages its oil wealth as part of efforts to protect its financial reserves in an era of cheap crude.  

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Saudi may change the way it manages oil wealth

A former senior official at Saudi Arabia's central bank says he believes the kingdom may soon change the way it manages its oil wealth as part of efforts to protect its financial reserves in an era of cheap crude. The Saudi Ar

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Saudi liquidity holds up in May over stable oil

Saudi Arabia’s domestic liquidity held up in May, helped by the stabilization in oil prices, at the cost of continued expansionary fiscal policy, a report said. M3 growth was 10.4 per cent year-on-year (yoy) in May, increasi

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