Middle-east Arab News Opinion | Asharq Al-awsat

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A Lebanese banker counts US dollars at BLOM Bank’s head office in Beirut October 22, 2008. REUTERS/Jamal Saidi

Saudi Arabia Promotes First International Bonds

by Wael Mahdi | Oct 13, 2016 | Business

Khobar- Saudi Arabia will meet investors on Wednesday and Thursday in London followed by three-day meetings in the U.S. which will conclude on October 18 to sell its first international issuance of Saudi government bonds. During the meetings, attendees will discuss...

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The Saudi Arabian Monetary Agency (SAMA)

SAMA: Private Sector Loans Register 8% Rise

by Fahd Baqmi | Oct 5, 2016 | Business

Jeddah- The Saudi Arabian Monetary Agency (SAMA) — Saudi Arabia’s central bank — reported an eight percent increase in gross loans approved by banks financing non-profitable government institutions and the private sector during August. August figures amounted to a...

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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 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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Signs of China’s renminbi (RMB) or yuan and U.S. dollar are seen outside at a foreign exchange store in Shanghai, China, in this August 14, 2015 file photo. REUTERS/Aly Song/Files

Saudi Arabia: 40 Currencies Join Exchange Market Marathon during Hajj Season

by Eman Al-Khattaf | Sep 7, 2016 | Business

Dammam-The Hajj season activates the Saudi exchange market for being the most prominent sector during the year when the number of traded currencies reaches 40. The U.S. dollar tops the list as it acquires up to 80% of the total trading, according to Waleed Marzouq,...