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Saudi Arabia Mortgage News is an EIN News Service for banking industry professionals. Constantly updated news and information about Saudi Arabia Banking.
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  • Roubini: Commodities Due for a Correction 6 Nov 2009 23:12 GMT
    ... or literal currency standard? Well, the central banks are diversifying their foreign reserves, and that's ... higher in part because of this central bank diversification, and in part because, of course, ... it wasn't just Lehman or the subprime mortgage problem; it was that when oil went ...

  • Total deposits with Saudi banks hit USD 245 billion as of June 2009 1 Nov 2009 14:33 GMT
    ... Total deposits with Saudi banks has hit USD 245 billion at the ... funding and high profit margins. In addition, bank lending to the Kingdom’s private sector rose ... Arabia is preparing to introduce its first mortgage law by the end of the year, ...

  • Saudi real estate sector to exceed $400bn in 2010 2 Nov 2009 09:32 GMT
    ... is finalizing the draft regulations on property mortgages to be issued this year.. The Custodian ... of the reluctance of local and foreign banks to provide loans to those industries. An ... law will also move liquidity in the banking and real estate companies. Despite the amount ...

  • Can Citigroup Carry Its Own Weight? 1 Nov 2009 12:54 GMT
    ... known as Citigroup. In previous instances, the bank came back from the crisis and prospered. ... former leaders dug before and during the mortgage mania. If Citigroup remains stuck, taxpayers will ... program that backs new debt issued by banks, Citigroup has continued to tap the arrangement. ...

  • IFC takes the lead 2 Nov 2009 00:32 GMT
    ... private sector funding arm of the World Bank Group, has seen fit in going to ... for the legal certainty of a Saudi mortgage law which was supposed to have been ... and Saudi Hollandi Bank, which are conventional banks, have raised financing through sukuk and other ...

  • Strange Ways to Get Out of Debt 4 Nov 2009 18:30 GMT
    ... an English teacher in Korea, and now banks overseas. Walker said that although creditors called her ... she emigrated. Although Walker now lives in Saudi Arabia, she has a teaching visa so ... animals in order to pay off her mortgage. After Patterson saw a balloon artist at ...

  • The Next Economic Crisis, Spiralling Inflation 29 Oct 2009 16:52 GMT
    ... be because the global economy is healthy. Bank of Canada Governor John Carney and US ... purchasing massive amounts of treasury bonds and mortgage-backed securities. In order to do so, the ... to shore up their cash reserves, the banks are hoarding most of the money being ...


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