Saudi Arabian Monetary Agency News
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Deutsche Bank AG, Germany’s biggest bank, appointed Ziyad Al Ashaikh as general manager of its Saudi Arabian branch in the capital city of Riyadh.
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Saudi Investment Bank surged the most in more than two years after a 48 percent jump in first- quarter profit surpassed analysts’ estimates.
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Saudi Arabia issued final regulations on real estate financing, leasing and the supervision of financial companies as the kingdom tries to ease a housing shortage by opening up its mortgage market and enacting the first home-loans law.
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At a sprawling complex in the Saudi desert, 90 miles southeast of Riyadh, dozens of black and white Holstein cows amble from their sandy surroundings into air- conditioned milking halls. Inside, they take their places on a motorized, rotating corral and are milked by machines while munching on shredded alfalfa and being misted with water.
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Saudi Arabia issued final regulations on real estate financing, leasing and the supervision of financial companies as the kingdom tries to ease a housing shortage by opening up its mortgage market and enacting the first home-loans law.
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Saudi Arabia’s three-month interbank interest rate climbed to the highest level in seven months after King Abdullah appointed a new team to manage the Arab world’s biggest economy.
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Saudi Arabia’s central bank issued regulations on real estate financing, leasing and supervision of financial companies as the kingdom attempts to ease a housing shortage by opening up its mortgage market.
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Jarir Marketing Co., Saudi Arabia’s largest office supplies and electronics retailer, expects sales to increase 20 percent this year as Middle Eastern consumers buy more smartphone products, its chief executive officer said.
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Saudi Arabia’s central bank conducts periodic stress tests on the country’s banks, Saudi Arabian Monetary Agency Governor Muhammad Al-Jasser said today.
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Saudi Arabia, the biggest Arab economy, is likely to see inflation slow in the medium- to long- term as government spending helps provide more homes, the Saudi Arabian Monetary Agency said today.
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