Saudi Arabia News
- The news you choose »
- LOGIN TO ADD TO WATCHLIST
Saudi Arabia is home to 19 banks including 12 local and 7 regional and international banks.
The 12 Saudi banks posted a total of SR26.3bn annual profits for 2008 compared to SR27bn in 2007.
The banking sector …Read full article » Saudi Arabia: Wednesday, February 04 - 2009 @ 12:59
The problem of financing is considered one of the most important challenges facing workers in the real estate sector.
The IDF has granted loans to over 577 construction projects.
The construction and building industry is considered …Read full article » Saudi Arabia: Tuesday, January 27 - 2009 @ 16:14
Budget data indicates that projected government spending in 2009 exceeds spending projected in 2008 by 16%.
It amounted to SR475bn in the new budget compared to SR410bn in the 2008 budget.
Expenditure fell 6.9% compared to …Read full article » Saudi Arabia: Monday, January 12 - 2009 @ 15:46
Saudi Arabia’s trade with other countries witnessed huge increase during the period 1998-2007, amounting to 1525.64% and resulting in a trade balance surplus.
The surplus increased from SR32.99bn in 1998 to SR536.3bn in 2007 according …Read full article » Saudi Arabia: Sunday, December 21 - 2008 @ 12:37
The Saudi Arabia Monetary Agency’s (Sama) external investment has also risen by 0.6% to SR1.172 trillion compared to SR1.165 trillion at the end of September.
Sama’s assets in foreign banks also rose from SR354.1bn by the …Read full article » Saudi Arabia: Wednesday, December 17 - 2008 @ 13:35
The Saudi Arabian Monetary Agency (Sama) has predicted a decline in residential rental prices owing to the expansion in residential construction by both the public and private sectors.
The report also expected construction costs to …Read full article » Saudi Arabia: Thursday, December 04 - 2008 @ 11:43
They are no longer passive participants at such events, with King Abdullah prominent in calling for the International Monetary Fund (IMF) to play a greater role in supervising the financial sectors of developed countries.
He …Read full article » Saudi Arabia: Tuesday, November 25 - 2008 @ 11:02
Saudi Arabia has topped the list of GCC and West Asia countries in terms of direct foreign investment.
International direct foreign investment jumped by 30%, and reached $1.833 trillion.
Merger and acquisition operations across the world have …Read full article » Saudi Arabia: Sunday, November 23 - 2008 @ 16:23
A new regulatory authority is to have overall control of the planned system with the current state-owned Saudi Railways Organisation wound up.
The authority will be answerable to the Finance Ministry and manage future contract …Read full article » Saudi Arabia: Tuesday, October 14 - 2008 @ 12:25
The advance is a considerable achievement.
Within the Middle East, Kuwait, Oman and the UAE are ranked below Saudi Arabia.
Current world rankings place Singapore in top place followed by New Zealand, the US and …Read full article » Saudi Arabia: Sunday, September 28 - 2008 @ 16:39