Cryptocurrencies ‘not mature enough’ to assess impact; says Saudi regulator
Cryptocurrencies are "not mature enough" yet to assess the impact they could have on regulation and the economy, a…
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Saudi Arabian Monetary Agency
Saudi central bank says it did not instruct banks to stop dealing in Qatari Riyals
The Saudi Arabian Monetary Agency debunked on Saturday reports circulating on social media saying that it has…
Saudi Insurance Market Poised to Grow By 23% in 2015
Saudi insurance market is poised to grow more than 23 percent in the current year on the back of new government…
Saudi Banks’ Net Profits Up Strongly In 7 Months
Saudi banks netted more than SR21 billion in the first seven months of 2012 as lending continued to gain momentum…
Saudi Letters Of Credit Up 24% As Economic Growth Spurs Demand
The value of letters of credit signed by lenders in Saudi Arabia surged 24 percent in the first six months of 2012…
Saudi Central Bank Left Interest Rates Unchanged
Saudi Arabia's central bank has decided to keep its key interest rates unchanged in June, as it still sees…
IMF Urges Saudi Arabia To Give Monetary Regulator More Independence
The International Monetary Fund (IMF) has advised the Saudi government that the country’s Banking Control Law (BCL)…
Saudi Arabian Regulator investigates Banks For Violations
The Saudi Arabian Monetary Agency (SAMA) is investigating local banks for tampering with the terms of Saudis’…
