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Economy

Profits of Saudi Arabian banks to increase by 13% from potential interest rate hike: S&P

Follow-ups -eshrag News: RIYADH: MetaIncubator is the first Metaverse incubator in the Middle East and its goal is to incubate…

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Economy

Oil Updates — Crude prices up again; banks halt credit for Rosneft-backed Indian refiner

Follow-ups -eshrag News: RIYADH: Oil prices climbed on Tuesday as fears of a demand downturn in China eased after Shanghai…

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Economy

Saudi banks to stop opening online accounts as SAMA tightens security

Follow-ups -eshrag News: DUBAI : Dubai school operator Taaleem is in preliminary talks with banks for an initial public offering…

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Economy

Arabian Drilling Co. hires banks for $1.4bn-plus IPO

Follow-ups -eshrag News: Author:  Thu, 2022-04-07 14:04 RIYADH: Arabian Drilling Co., a Saudi oilfield services firm partly backed by Schlumberger,…

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Economy

Saudi banks continued to post strong credit growth in February, says SAMA report

Follow-ups -eshrag News: Business mood in Japan darkens in Q1; US unemployment rate drops to 3.6% — Macro Snapshot RIYADH: Japanese…

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Economy

Saudi Central Bank’s net foreign assets fall for third month in a row

Follow-ups -eshrag News: Mon, 2022-03-28 17:30 RIYADH: Saudi Central Bank’s net foreign assets fell 1.2 percent in February, according to…

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Economy

Three of Egypt’s largest national banks launch an $85m fund to accelerate the fintech sector

Follow-ups -eshrag News: RIYADH: Canada-based mining company Barrick Gold Corporation and Pakistan have agreed to restart the Reko Diq project…

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Economy

Kuwaiti banks record highest budget ever in 2021

Follow-ups -eshrag News: RIYADH: Bitcoin, the leading cryptocurrency, traded higher on Sunday, rising 0.29 percent to $41,896.77 at 01:06 a.m.…

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Economy

GCC central banks raise interest rates in line with US Fed’s move to tackle inflation

Follow-ups -eshrag News: Commodities update — Oil up after IEA’s supply warning; Gold gains on Fed rate rise RIYADH: Oil…

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Economy

Depositors seek justice from Lebanese banks

Follow-ups -eshrag News: RIYADH: On March 9, Russia’s central bank ordered new capital controls, limiting withdrawals in foreign currencies.The Bank…

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