Middle-east Arab News Opinion | Asharq Al-awsat

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SAMA Injects USD5.3 Billion into Banks

by Shuja Al-Baqmi | Sep 26, 2016 | Business

Riyadh- The Saudi Arabian Monetary Agency (SAMA) revealed on Sunday that it will be giving banks about SRA20 billion (USD5.3 billion) of time deposits on behalf of government entities. SAMA revealed in its statement that it will continue to adopt its supportive...

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A man walks at an old market in Riyadh, Saudi Arabia, April 25, 2016. REUTERS/Faisal Al Nasser

Saudi Banks’ Interests Support Profitability as Funding Operations Increase

by Shuja Al-Baqmi | Sep 20, 2016 | Business

Riyadh- Interests imposed on funding operations, which have increased lately, became one of the factors expected to contribute in maintaining the Saudi banks’ profitability in the upcoming period. This indicates that banks might achieve during the second half of 2016...

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A shadow of a passerby is reflected on an electronic board displaying stock prices

Saudi Companies Seven Months apart from Liquidation

by Shuja Al-Baqmi | Sep 19, 2016 | Business

Riyadh- Saudi companies whose losses exceed 50% of their capital now have seven months only before being completely liquefied. Administrations of these companies are taking serious steps to enhance their financial conditions. Asharq al-Awsat newspaper was informed...

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A picture illustration shows U100 dollar bank notes and Japanese 10,000 yen notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao

Foreign Investors Resume Saudi Shares’ Purchases before Eid al-Adha

by Shuja Al-Baqmi | Sep 10, 2016 | Business

Riyadh- Tadawul latest figures revealed a rise in purchases of enlisted companies’ shares by foreign investors during last week’s session. According to released figures, purchases picked up 30% compared with selling levels and this means that foreign investors...

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KSA to Increase Application of Digital Technology in Health Sector

by Shuja Al-Baqmi | Sep 8, 2016 | Health

Riyadh – Saudi Ministry of Health is leaning towards increasing the use of technology in health care services. The ministry based its decision on scientific studies stating that technology can indeed enhance the level of services granted in the health sector. Saudi...