Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Arabia Establishes Specialized Department to Protect Stock Market Investors

by Shuja Al-Baqmi | Jul 27, 2017 | Business

Riyadh- In a move aimed at raising the level of investor protection in the Saudi stock market, the Saudi Capital Market Authority (CMA) has decided to develop a specialized department to protect the investors. The department will receive investors’ complaints...

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A trader monitors stock information at Dubai Financial Market, in Dubai, United Arab Emirates, November 9, 2016. REUTERS/Stringer

Saudi Shares Reach Highest Rate in 20 Months

by Shuja Al-Baqmi | Jul 3, 2017 | Business

Riyadh- Saudi stock market resumed its trading on Sunday – following Eid al-Fitr holiday – amidst newly achieved gains of around 60 points, causing the market index to jump to its highest rate since 20 months. On the level of Saudi stock market performance during the...

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Capital Market Authority, Riyadh (SPA)

Saudi Financial Sector Approaches Top 10 Biggest Int’l Markets List

by Shuja Al-Baqmi | May 15, 2017 | Business

Riyadh- The program for financial sector development – one of the programs to achieve Saudi Vision 2030 – has become an essential step towards developing the domestic capital market and putting it among the top 10 biggest capital markets in the world. This coincides...

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A pedestrian passes a Vodafone store on Oxford Street in central London, November 10, 2009. REUTERS/Kevin Coombs

Saudi Arabia Extends Zain License for 15 Years

by Shuja Al-Baqmi | Oct 3, 2016 | Business

Riyadh- In a remarkable step, the Capital Market Authority (CMA) announced on Sunday extending Zain Saudi Arabia’s license in the kingdom for 15 years, saying it would also take five percent of the firm’s annual net income. This is a notable step in the...

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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...