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Saudi Arabia Central Bank News is an EIN News Service for banking industry professionals. Constantly updated news and information about Saudi Arabia Banking.
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Latest Saudi Arabia Central Bank News

  • Gulf bourses make minor gains 24 Nov 2009 00:12 GMT
    ... JEDDAH/DUBAI: Kuwaiti blue chips extended losses on Monday, bucking ... buy Zain shares.” Kuwait Finance House and National Bank of Kuwait fell 1.9 and 3.6 percent respectively. ... action, it could spark a rally.” In Saudi Arabia, the Tadawul All-Share index (TASI) rose ...

  • Worried over weak $, India, China cut US debt holdings 23 Nov 2009 20:57 GMT
    ... Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, ... surprising as many currency analysts say that central banks globally appear to be losing faith in the ... the foreign currency management strategy of its central bank. The Chinese currency, the renmimbi or the ...

  • UAE quit currency plan over fundamentals' 23 Nov 2009 20:55 GMT
    ... fundamental reservations about the project, the UAE’s central bank head was quoted as saying yesterday. Sultan bin ... on ratification until December 8. The four countries—Saudi Arabia, Bahrain, Kuwait and Qatar—had agreed to ...

  • GCC's 2008 Current Account Surpluses Dn by $50b 23 Nov 2009 20:26 GMT
    ... ABU DHABI — Current account surpluses in the oil-rich GCC region ... markets in search of better yields. “The central banks and other regulators have learnt from the crisis ... be invested in and out the region.” Saudi Arabia has a key role as a ...

  • Islamic finance body enhances industry''s stability, adds new members 23 Nov 2009 18:18 GMT
    ... Dr. Muhammad Sulaiman Al-Jasser, Governor of the Saudi Arabian Monetary Agency, the IFSB said in ... up by Muslim countries, of which Kuwait's central bank is a founding member. The guidelines on governance ... Boubyan Bank, Gulf Investment House and Kuwait International Bank. Islamic financing is based on Shari'ah, or Islamic ...

  • Bahrain's poor stake a claim for housing 23 Nov 2009 18:11 GMT
    ... the lowest quarterly total since 2001, the central bank says. About two-thirds of Bahrain Bay has been ... small part in the market but many Saudi Arabians own or rent secondary homes in ...

  • Bahrain-Based Gulf International Bank B.S.C.'s $4 Billion Euro Medium-Term Note Program Rated 'BBB+/A-2' 23 Nov 2009 15:44 GMT
    ... note (EMTN) program recently launched by Gulf International Bank B.S.C. (GIB; BBB+/Stable/A-2), a wholesale bank headquartered in ... extraordinary government support from the Kingdom of Saudi Arabia (AA-/Stable/A-1+). Since the asset sale in ... the Saudi Arabia Monetary Agency (SAMA, the central bank) and Public Investment Fund (PIF), two public institutions ...

  • UPDATE 1-UAE quit currency plan over fundamentals -report 23 Nov 2009 14:53 GMT
    ... fundamental reservations about the project, the UAE's central bank head was quoted on Monday as saying. Bank ... until December 8. The four countries -- Saudi Arabia, Bahrain, Kuwait and Qatar -- had ...

  • Yemen foreign debt jumps to $6 bln in September 23 Nov 2009 14:12 GMT
    ... last August. A report issued by the Central bank of Yemen (CBY) disclosed that the IFC's institutions topped ... in the third position, with Yemen owing Saudi, Chinese, Kuwaiti and Iraqi Funds as well ...

  • IFSB aims to boost Islamic financial services 23 Nov 2009 13:34 GMT
    ... Emirates, Banque Centrale du Luxembourg and the Central Bank of Turkey. The industry association member admitted was the ... Muhammad Sulaiman Al-Jasser, the governor of the Saudi Arabian Monetary Agency. His term in the ...

  • Nakumatt Sets Sh1.8 Billion Price for Sale of 30 Per Cent Stake 23 Nov 2009 12:32 GMT
    ... investment group that is associated with the Saudi royal family - has constantly featured as ... a major jolt in 2006 after the Central Bank of Kenya put one of its bankers, Charterhouse Bank, ...

  • IFSB aims to enhance Islamic financial services 23 Nov 2009 12:16 GMT
    ... Emirates, Banque Centrale du Luxembourg and the Central Bank of Turkey. The industry association member admitted was the ... Muhammad Sulaiman Al-Jasser, the governor of the Saudi Arabian Monetary Agency. His term in the ...

  • Iran gains $5 bn by shifting from US dollar 23 Nov 2009 10:57 GMT
    ... from US dollar The head of Iran's Central Bank says the country has gained 5 billion dollars ... of a more stable and valuable one. Saudi Arabia, South Korea, China, Venezuela, Sudan and ...

  • Fundamental' reservations spurred UAE quitting single currency 23 Nov 2009 10:54 GMT
    ... role of the monetary council, the UAE central bank chief said. “The UAE had fundamental and secondary ... currency project in May came after the Saudi Arabian capital Riyadh was chosen to host ...

  • UAE left currency plan for fundamental reasons-cbank chief 23 Nov 2009 08:37 GMT
    ... role of the monetary council, the UAE central bank chief said. "The UAE had fundamental and ... currency project in May came after the Saudi Arabian capital Riyadh was chosen to host ... written consent of Thomson Reuters. Bonds, money Central banks Macroeconomic stories, OECD reports Fiscal policy, taxes, budgets ...


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