Tuesday 20 February 2018
 
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Saudi central bank, Ripple in key blockchain deal

Saudi Arabian Monetary Authority (Sama), the country's central bank has inked a deal with US-based Ripple, a key provider of real-time gross settlement system and currency exchange, to help banks boost their payments infrastructure using its

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Saudi banks’ liquidity improves in 2017: Moody’s

According to a recent Sama bulletin, Saudi banks’ domestic liquid assets ended 2017 at a record high SR457 billion ($122 billion), despite subdued deposit growth and challenging business conditions, which Moody’s said was a credit po

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IMF raises Saudi economic growth forecasts

The IMF in its World Economic Outlook report has raised Saudi Arabia’s 2018 and 2019’s growth forecasts to 1.6 per cent and 2.2 per cent respectively (50bps and 60bps higher than the previous estimates), owing to the recent rally in

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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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