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05 April 2025

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Low oil prices depress Saudi foreign asset growth

Saudi Arabia's foreign assets gained about SR48 billion (Dh47bn) in October, but the growth was far lower than in

Saudi Arabia cuts rates by 50bps to 2.5%

Saudi Arabia's central bank yesterday cut two key lending rates by 50 basis points, as the Kingdom battles the effects

Fiscal steps will 'stifle growth and not curb inflation'

A series of fiscal measures by Saudi Arabia's monetary authorities have stifled growth in money supply after several

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Saudi cuts reverse repo rate but leaves benchmark steady

Saudi Arabia, which pegs its currency to the dollar, reduced its reverse repurchase rate by 25 basis points yesterday

Saudi foreign assets at all-time high

Strong oil prices coupled with higher crude production boosted Saudi Arabia’s foreign assets to their highest ever

Saudi Arabia keeps rates on hold

The Saudi central bank kept interest rates unchanged in the third quarter, it said yesterday, viewing a further rate

Sama Dubai’s The Lagoons project not cancelled

The Lagoons, a Dh64-billion project by Sama Dubai, has not been cancelled and so plot owners are not entitled for any

What Sama's fate means for low-cost carriers

Ring Sama’s customer helpline even today and the bright and cheerful voice that welcomes you is a far cry from the

Saudi banks cut lending to SR5bn in fourth quarter

Saudi Arabia's banks slashed their lending activity in the last quarter of 2008 despite high growth in their deposits

Saudi money supply hints at deflation in the Kingdom

Saudi Arabia's money supply maintained downward trend for the second week running this month as the world's oil

Riyadh boosts overseas investment in Q1

Saudi Arabia boosted its investments in foreign securities by nearly SR55 billion (Dh54.5bn) in the first quarter of

Saudi urged to diversify currency investment

Saudi Arabia should diversify its foreign currency investment to offset possible risks arising from the global

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