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Media ID: 55353513
Caption:

A Saudi man walks at the Tadawul Saudi Stock Exchange, in Riyadh, Saudi Arabia, Monday, June 15, 2015. Saudi Arabia’s stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices. (AP Photo/Hasan Jamali)


Little Improvement in Saudi Banks

Little Improvement in Saudi Banks

Riaydh – In a new development that reveals the strength of financial structure of Saudi banks, Saudi Arabian Monetary Agency (SAMA) issued its annual study which showed a little increase of 2% of deposits in local banks during 2015. Based on the study, the bank...
Media ID: 55351146
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Media ID: 55305485
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Secretary General of the Gulf Cooperation Council (GCC), Abdullatif al-Zayani takes part in the 126th session of the Supreme Council of the GCC Foreign Ministers on June 2, 2013 in the Saudi city of Jeddah. AFP PHOTO/STR


Media ID: 55302978
Caption:

resident of the Islamic Development Bank Dr. Ahmed Mohamed Ali Al-Madani arrives for the Friends of Yemen ministerial meeting in London, Britain, 07 March 2013. (EPA/ANDY RAIN)


Media ID: 55297113
Caption:

A woman walking past a branch of the Bank of Cyprus branch in Nicosia, Cyprus 27 March 2013 as the country’s banks remain closed. (EPA/KATIA CHRISTODOULOU)


Lesson from Cyprus

Lesson from Cyprus

If, just a few years ago, someone had prophesied the current economic state of affairs, nobody would have believed them. It would have been unbelievable that an economic crisis could arise whereby a country would be forced to close its banks for over a week, ATM...