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.
Bahrain Bourse (BHB) has obtained the approval of the Central Bank of Bahrain (CBB) on the Bahrain Investment Market (BIM) Rules, reported the Gulf Daily News, our sister publication.
To Read further, please visit
The Saudi Arabia Monetary Authority (Sama), the country’s central bank, recently announced that it would provide Saudi banks with about SR20 billion ($5.3 billion) of time deposits on behalf of government agencies, a report said.
Saudi Arabia's central bank said on Sunday it has decided to inject around SR20 billion ($5.33 billion) in time deposits into the banking system to boost financial stability.
It has introduced two new maturity periods for repu
Yemen's exiled president Abd Rabbuh Mansur Hadi appointed Finance Minister Monasser Al Quaiti as head of the country's central bank on Sunday, the state-run sabanew.net news agency reported.
The decree announcing the appoi
The United Arab Emirates has agreed to provide Egypt's central bank with a $1 billion deposit for a duration of six years, the United Arab Emirates' official state news agency WAM said on Monday.
Egypt this month
Saudi Arabia's central bank governor Ahmed Al-Kholifey reiterated on Friday that the kingdom was committed to keeping the riyal pegged to the US dollar and that it had "sufficient tools" to support its fixed exchange rate policy.
Growth in demand for business credit in the United Arab Emirates slowed during the three months through June, especially in Dubai, according to a central bank survey published on Thursday.
The net balance measure for business lend