Sunday 26 October 2014
 
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Saudi Arabian Monetary Agency

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 cenbank to supervise foreign share listing

Saudi Arabia's central bank will play a bigger role in the supervision of the country's financial sector as the kingdom weighs opening up its stock market to direct investments by foreigners. The country's Capital Market Author

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Saudi key banking indicators 'weak in August'

Saudi Arabia's commercial activity slowed down slightly and key banking indicators showed a weak performance in August, following the celebration of Ramadan, said the Saudi Arabian Monetary Agency (Sama). Sama's data revealed that

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Saudi bank credit almost flat in Oct vs Sept

Saudi bank credit growth edged up 0.14 per cent in October compared to September, official data showed on Thursday. Bank credits stood at SR722.6 billion ($192.7 billion), up from SR721.6 billion in September, the Saudi Arabian Monetary Ag

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Saudi interest rates frozen on inflation drop

The Saudi central bank on Monday said a drop in inflation has prompted it to keep interest rates and reserve requirements unchanged during the third quarter. The Saudi Arabian Monetary Agency (Sama) also said it has not conducted any forei

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Saudi money supply slips in August

The annual growth in Saudi Arabia's M3 money supply fell for a fourth month in a row in August, led mainly by time and savings deposits and other quasi-monetary deposits which include foreign currencies. But central bank data showed lo

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Saudi '09 non-oil sector growth stable

Saudi Arabia expects growth in its non-oil sector in 2009 to come in at a similar rate to 2008, the central bank governor said on Tuesday. 'It is expected that the non-oil sector posts in 2009 a growth rate that is close to that of 200

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Saudi cbank panel to examine Saad, Algosaibi

Saudi Arabia's central bank sees no risk to the country's banking system from two troubled conglomerates but it has set up a panel to examine the two and take appropriate action, the bank's governor said on Tuesday. Banks in th

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Saudi 'freezes tycoon's accounts'

Saudi Arabia's central bank has ordered local banks to freeze the accounts of a Saudi billionaire, a source was quoted as saying. The Saudi Arabian Monetary Agency (Sama) also ordered banks in the country to freeze transactions with Ma

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