Sunday, 21 April 2024

XAU / SAR

Recent News

  • Saudi's Mobily Q4 losses widen, customers decline

    19:22 | 14/2/18
    Reuters
    DUBAI, Feb 14 (Reuters) - Saudi Arabia's Etihad Etisalat (Mobily), the country's second-largest telecommunications operator, reported a widening quarterly loss on Thursday, partly blaming it on the introduction of internet calls and a decline in its ... more»

  • Saudi Arabia sends $2 billion to war-torn Yemen

    09:46 | 18/1/18
    Axios
    Saudi Arabia's King Salman bin Abdulaziz Al Saud ordered a $2 billion transfer to the Yemeni central bank, CNN reports, as a wave to stave off further economic turmoil in war-torn Yemen. more»

  • Saudi to inject $2bn in Yemen to halt currency collapse

    05:00 | 18/1/18
    Aljazeera.com
    For nearly three years, a Saudi-led coalition has embarked on a bombing campaign in Yemen with the aim of dislodging Houthi rebels who control the capital and much of the north and restoring to power the internationally-recognised government of exiled ... more»

  • Saudi Arabia announces $2 billion bailout for Yemen government

    22:45 | 17/1/18
    SBS
    Saudi Arabia announced on Wednesday it would transfer $2 billion to Yemen's central bank, following desperate calls for funding from the war-torn country's president and prime minister. more»

  • Saudi handouts will boost consumption, non-oil economy, economists say

    04:33 | 10/1/18
    The National
    Last week Saudi Arabia approved a series of bonuses for public sector employees, military personnel, pensioners, students and beneficiaries of social services for a year starting from January 1. Under the royal decree, soldiers on duty in Yemen will ... more»

  • Qatari riyal under pressure as Saudi, UAE banks delay Qatar deals

    18:54 | 6/6/17
    Reuters
    Saudi Arabia's central bank advised banks in the kingdom not to trade with Qatari banks in Qatari riyals, the sources told Reuters. more»

  • Saudi Arabia expects 480 million riyal oil revenue

    23:25 | 25/12/16
    Times of Oman
    In 2017, the government targets a budget deficit at 198 billion Saudi riyal (estimated at 7.7 per cent of gross domestic product), implying 33 per cent and 39 per cent reduction compared with the actual and budgeted numbers for 2016, respectively. more»

  • Saudi Arabia's Peg: The Riyal Deal

    02:52 | 21/10/16
    Seeking Alpha
    There has been much debate about Saudi Arabia's potential devaluation of the Saudi riyal, something that came to the forefront of the news when PointState Capital's Zach Schreiber presented the idea at the Sohn Conference earlier this year. more»

  • Bahrain's GIB sells 2 billion Saudi riyals of floating rate notes

    23:02 | 25/4/16
    gulfnews.com
    Dubai: Bahrain's Gulf International Bank (GIB) said it had sold 2 billion Saudi riyals ($533 million) of five-year floating rate notes, the first issue by a financial institution in the domestic Saudi riyal bond market since September 2015. The senior ... more»

  • Blackest of Black Swan events – the Saudi riyal

    13:00 | 23/1/16
    The Star Online
    THE Saudi Riyal, pegged in the spot market at 3.75 to the US dollar since 1986, hit a record low against the US dollar in the one-year FX forwards market last week as some banks and funds hedged against the risk that low oil prices might eventually ... more»
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Currencies
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EURUSD0.97210.00550.56%
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NZDAUD0.89640.00100.11%