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Economy

Saudi Arabia extends duration of 2018 deposit at central bank of Yemen

Follow-ups -eshrag News: Macro Snapshot — Ukraine war slows eurozone growth; inflation rises around the globe RIYADH:  The Russian invasion…

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Economy

Crypto Moves — Bitcoin, Ether plummets; TerraUSD announces recovery plan; Brazilian bank allows virtual currency transactions

Follow-ups -eshrag News: Author:  Thu, 2022-05-12 10:09 RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Thursday, down 11.60 percent…

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Economy

Kuwait’s Warba Bank posts highest-ever quarterly profits: CEO

Follow-ups -eshrag News: RIYADH: Saudi stocks finished higher on Sunday, with investors anticipating that the trend will remain positive going…

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Economy

Macro Snapshot — Bank of England raises rates after US increase; China’s services activity falls sharply 

Follow-ups -eshrag News: RIYADH: The central banks of the UK and Brazil have raised their rates by a full percentage…

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Economy

Saudi central bank raises interest rates in line with US Fed’s decision

Follow-ups -eshrag News: RIYADH: Saudi banks are betting big on the digital future. In the first three months of 2022,…

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Economy

Swiss National Bank opposed to holding Bitcoin as a reserve currency: Reuters

Follow-ups -eshrag News: Author:  Fri, 2022-04-29 15:06 ZURICH: The Swiss National Bank is against buying and holding Bitcoin as a…

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Economy

Saudi March bank credit to private sector sees highest increase in year: SAMA

Follow-ups -eshrag News: SINGAPORE: Oil prices were mixed on Friday as China’s COVID-19 lockdowns weighed on the outlook for crude…

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Economy

Saudi Alinma Bank achieves 28% increase in quarterly profit

Follow-ups -eshrag News: DUBAI: The UAE is not looking for financial benefits as it strives to become a leader in…

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Economy

Saudi lender Arab National Bank posts higher quarterly profit of $173m

Follow-ups -eshrag News: Author:  Tue, 2022-04-26 17:09 RIYADH: Saudi Arabia’s Arab National Bank has posted a 12 percent increase in…

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Economy

Riyad Bank posts $414m in Q1 profit with expenses unchanged

Follow-ups -eshrag News: RIYADH: Emirati property developer DAMAC Group has announced plans to launch into the metaverse — a network of…

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