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Last Updated: Tue, Jan 24 2017 | 4:56 AM |
Saudi inflation rate hits 10-year low amid growth slowdown
Politics & Economics»

Saudi inflation rate hits 10-year low amid growth slowdown

Monday, 23 January 2017 2:04 PM

Consumer price data shows that inflation dropped to 1.7% last month; food and beverage prices fall 4.3% in December from year-earlier

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Saudi finance ministry rules out introducing fees on expats' remittances
Banking & Finance»

Saudi finance ministry rules out introducing fees on expats' remittances

Monday, 23 January 2017 9:23 AM

Saudi Arabia is "committed to the principle of free movement of capital in and out of the kingdom, in line with international standards," the ministry said

MidEast business confidence hit by lower oil prices in Q4
Politics & Economics»

MidEast business confidence hit by lower oil prices in Q4

Sunday, 22 January 2017 2:11 PM

New survey says Saudi Arabia has been impacted most amid sharp declines in export and fiscal revenues

Saudi ATMs 'will take six months' to accept new banknotes
Banking & Finance»

Saudi ATMs 'will take six months' to accept new banknotes

Sunday, 22 January 2017 2:10 PM

Sixth edition Saudi currency entered circulation on December 26

SABIC to acquire remaining stake in Saudi JV with Shell for $820m
Energy»

SABIC to acquire remaining stake in Saudi JV with Shell for $820m

Sunday, 22 January 2017 12:25 PM

The agreement which is expected to be complete before the end of this year is subject to regulatory measures, SABIC said

Saudi's Kingdom Holding posts 6% rise in Q4 net profit
Banking & Finance»

Saudi's Kingdom Holding posts 6% rise in Q4 net profit

Thursday, 19 January 2017 4:29 PM

Investment firm owned by billionaire Prince Alwaleed bin Talal says earnings boosted by rise in hotel revenue

Saudi Arabia set to debate 6% levy on expat remittances
Politics & Economics»

Saudi Arabia set to debate 6% levy on expat remittances

Thursday, 19 January 2017 1:57 PM

Shoura Council member claims move is a response to rising levels of remittances in Gulf kingdom

Saudi Arabia's Al Rajhi Bank reports 5% profit hike
Banking & Finance»

Saudi Arabia's Al Rajhi Bank reports 5% profit hike

Thursday, 19 January 2017 11:01 AM

Kingdom's second-largest lender by assets has reported five consecutive quarters of profit

Saudi's largest bank posts 7.5% rise in Q4 net profit
Banking & Finance»

Saudi's largest bank posts 7.5% rise in Q4 net profit

Wednesday, 18 January 2017 7:03 PM

National Commercial Bank says quarterly performance boosted by higher income from commission and investments

Saudi Binladin seeks extension on $2.7bn Grand Mosque financing
Banking & Finance»

Saudi Binladin seeks extension on $2.7bn Grand Mosque financing

Tuesday, 17 January 2017 7:33 PM

Banking sources say construction firm has asked for extension until end of 2019 amid cashflow crunch

Saudi's Riyad Bank Q4 net profit tumbles 66%
Banking & Finance»

Saudi's Riyad Bank Q4 net profit tumbles 66%

Monday, 16 January 2017 12:38 PM

Bank cited a 47.9% rise in operating expenses mainly due an increase in impairment charges for credit losses

Saudi's IDB loans Kyrgyz Republic $20m for water projects
Banking & Finance»

Saudi's IDB loans Kyrgyz Republic $20m for water projects

Saturday, 14 January 2017 11:28 AM

Islamic Development Bank loan will help pay for project to improve access and quality of water supply in rural areas

How to find value in uncertain times
Politics & Economics»

How to find value in uncertain times

Thursday, 12 January 2017 5:28 PM

GCC equity valuations remain reasonably attractive given the global economic circumstances, and investors are becoming more comfortable with investing in start-ups

Man behind Saudi's $17.5bn bond sale said to be rejoining HSBC unit
Banking & Finance»

Man behind Saudi's $17.5bn bond sale said to be rejoining HSBC unit

Wednesday, 11 January 2017 3:49 PM

Fahad Al Saif reportedly plans to return to Saudi British Bank as head of global banking and markets

UAE's Amanat buys stake in Saudi hospital firm for $97m
Healthcare»

UAE's Amanat buys stake in Saudi hospital firm for $97m

Wednesday, 11 January 2017 2:09 PM

Healthcare and education company says it has acquired 13% stake in International Medical Company


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