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Economy

SAMA among Gulf central banks to mirror US Fed 25 bps interest rate hike  

Follow-ups -eshrag News: RIYADH: The Saudi Central Bank has increased its interest rate by 25 basis points to 5.25 percent,…

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Economy

GCC banks to refrain from redeeming hybrid capital as volatility rises: S&P Report 

Follow-ups -eshrag News: Saudi Arabia plans road project in Aseer region to elevate infrastructure    RIYADH: In a move to transform Saudi Arabia’s mountainous Aseer region…

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Economy

Saudi banks’ profits up 21% in December, central bank data shows

Follow-ups -eshrag News: RIYADH: Saudi Arabia’s Tadawul All Share Index fell 28.81 points — or 0.27 percent — on Monday…

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Saudi news

Standard & Poor’s does not rule out increasing the “Saudi Central” support for banks

Standard & Poor’s agency stated that the rapid growth in lending in Saudi Arabia may put pressure on the liquidity…

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Economy

Lebanese banks ‘could recover within 5 or 10 years with astute planning’

Follow-ups -eshrag News: LONDON: The financial crisis in Lebanon could be resolved within five to 10 years if a “well thought…

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Economy

UAE banks’ investments hit 13-month high in November

Follow-ups -eshrag News: Thu, 2023-01-26 23:02 RIYADH: UAE banks’ investments exceeded 511 billion dirhams ($139 billion) at the end of…

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Economy

UAE In-Focus: Banks’ investments hit 13-month high of $139bn in November 2022

Follow-ups -eshrag News: RIYADH: UAE banks’ investments exceeded 511 billion dirhams ($139 billion) at the end of November 2022, the…

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Economy

UAE banks’ gross assets rise 0.7% to reach $990bn in November: Central Bank 

Follow-ups -eshrag News: Tue, 2023-01-24 13:17 RIYADH: The gross assets of UAE banks, which includes bankers’ acceptances, increased by 0.7 percent…

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Economy

Qatari banks to build more profits in 2023: Report

Follow-ups -eshrag News: Leading global and local firms to take part in technology conference “LEAP” in Riyadh  RIYADH: More than 400 emerging global and local technology…

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Saudi news

Are Saudi banks tending to raise their capital during the coming period?

The director of the Zad Consulting Center, Hussein Al-Raqeeb, said that banks in the Saudi market need to increase their…

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