Tuesday, 16 April 2024

XAG / SAR

Recent News

  • Saudi Arabia to impose expat levy as of 2018

    02:54 | 18/12/17
    Al-Arabiya
    The Saudi Ministry of Finance said on Sunday that it will introduce a monthly expat levy as of 2018. The monthly tax will range between 300 and 400 Saudi riyal, the ministry said on Twitter, adding that the levy will be paid by private sector companies ... more»

  • Saudi king approves $19 billion of economic stimulus steps

    19:45 | 14/12/17
    Reuters
    DUBAI (Reuters) - Saudi Arabia's King Salman issued a royal decree approving 72 billion riyals ($19.2 billion) worth of measures to stimulate growth in the private sector next year, state news agency SPA reported on Thursday. more»

  • Saudi private sector growth at 2-year high amid crackdown on graft -PMI

    17:18 | 5/12/17
    Reuters
    Also, the finance ministry disbursed 6 billion riyals ($1.6 billion) of payments it owed to construction giant Saudi Binladin Group shortly before the crackdown, allowing Binladin to pay salaries and smaller contractors, according to a source familiar ... more»

  • Saudi international bond spreads widen slightly on corruption crackdown

    22:45 | 6/11/17
    Reuters
    The Saudi riyal weakened marginally in the forwards market. One-year U.S. dollar/riyal forwards were quoted as high as 183 points, their highest level since late September, compared to Friday's close of 115 points. more»

  • Saudi's Kingdom Holding reports swing to quarterly profit from big loss

    20:07 | 5/11/17
    Reuters
    It reported a 179.9 million riyal profit for the third quarter last year but the company said on Sunday it had restated that figure “to be consistent with current figures”. more»

  • GIEWS Country Brief: Saudi Arabia 02-November-2017

    18:03 | 5/11/17
    Reliefweb
    The overall inflation from January 2017 to September 2017 was negative, ranging between zero and 1 percent. The food price inflation recorded a decrease of 1.4 percent in September 2017, owing to strong US dollar to which the Saudi Riyal is pegged ... more»

  • Saudi Arabia's latest sukuk nearly three times oversubscribed

    21:00 | 23/8/17
    The National
    The Islamic bonds were issued as part of the Saudi Arabian government riyal denominated sukuk program. The government sold a 2.1 bn riyal tranche that matures in 2022, a 7.7 bn riyal tranche that matures in 2024 and a 3.2 bn riyal tranche that matures ... more»

  • Saudi Arabia's new visa regime comes into effect

    04:11 | 2/10/16
    The National
    Saudi Arabia's increase in visa fees for travellers is expected to earn the country millions of riyals from pilgrims without dampening tourism figures, say travel industry experts. more»

  • Hedge Fund Shorts Saudi Riyal

    04:18 | 6/5/16
    Investopedia
    That short turned out to be a prescient one and netted Schreiber and his investors billions of dollars in profits. He returned to the same conference yesterday to announce another short. more»

  • PointState Capital's Zachary Schreiber Says He's Short Saudi Riyal

    08:58 | 5/5/16
    Wall Street Journal (blog)
    The manager, speaking at the Ira Sohn Investment conference in New York, said he's short the Saudi riyal, laying out a dark picture of the country's economy: Sunken revenue from low oil prices it can't fix and rising costs from its social contract with ... more»
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