Saturday 12 July 2014
Saudi Riyal

Abu Dhabi officials foil bid to smuggle SR13m

  Customs officials in Abu Dhabi have foiled an African man’s attempt to smuggle more than 13 million Saudi Riyals (SR) through the UAE’s land port.   An official source at the Abu Dhabi


Saudi 'could gradually appreciate riyal'

Saudi Arabia could gradually appreciate its riyal in the event the dollar slides further against major currencies, says a report. Riyadh-based Jadwa Investment said the kingdom is unlikely to drop its peg. "Should the dollar contin


Saudi riyal at 21-year high on revaluation talk

The Saudi riyal rose to a fresh 21-year high against the dollar on Tuesday on continued speculation that Riyadh will soon revalue its currency. The Saudi central bank told Reuters last week it will not follow the US Federal Reserve's deci


Saudi riyal surges to 21-yr high vs dollar

Saudi Arabia's riyal surged to a 21-year high against the dollar on Thursday as speculation the kingdom may ditch the currency's peg to the dollar fuelled a frenzy of riyal buying. This pushed the riyal to its highest level since December


Saudi 'will maintain riyal rate till 2010'

Saudi Arabia will ride out the latest spell of dollar weakness and maintain the riyal's exchange rate against the US currency at least until 2010, Jadwa Investment Company said in a research note. "None of the arguments that have been put

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