Browsing: finance

RIYADH: Saudi banks extended loans totaling SR2.65 trillion ($706.3 billion) in February, marking an 11 percent rise from the same month in 2023, according to the latest official data.

RIYADH: The foreign assets of Saudi Arabia’s commercial banks surged by 22 percent in February, reaching a total of SR347.63 billion ($92.7 billion), compared to the same month of the previous year.

Finance ministry officials said in a briefing the government would aim to cut an extra 10 billion euros ($11 billion) in public spending in 2024

According to a recent report by the Oxford Business Group, Kuwait commenced 2024 from a position of economic strength, benefiting from improved financial balances

The announcement followed a record $35bln investment deal with UAE and coincided with a sharp devaluation of the currency and a 600-basis-point increase in the central bank’s overnight interest rates, breathing new life into Egypt’s flagging finances

The current account deficit increased to $9.60 billion during the July-December 2023 period from $1.80 billion in H1-22/23, according to the Central Bank of Egypt (CBE)

Saudi Arabia and Pakistan have committed to expediting the implementation of a previously agreed upon $5 billion investment package.

Local authorities have reportedly lowered the debt threshold and employed mobile phone tracking to find the digital assets of evaders

RIYADH: Bonds and sukuk maturing for Qatar’s government during 2024 have amounted to 20.3 billion riyals ($5.5 billion), according to the central bank.

Any decisions on the funds should be backed with “sufficient legal support”, according to a spokesperson