SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Banking and Finance
    SAMA launches licenses for non-bank financial institutions – statement

    The Saudi Arabian Monetary Authority (SAMA) issued licenses for non-bank financial institutions in the Kingdom for the first time on Thursday, licensing an electronic wallet company and a payment services company.

  • Mortgages
    Mortgage loans in Saudi Arabia up 21% in Q3: SAMA

    Al Kholifey noted that real estate mortgages grew by 21% year-on-year (YoY) during the third quarter (Q3) of 2019. Moreover, the Kingdom has maintained stable economic growth, with the gross domestic product (GDP) recording a 2.4% growth rate in 2018, after contracting by 0.7% in 2017.

  • SAMA
    Saudi banks enjoy high liquidity: SAMA chief

    Saudi Arabian Monetary Authority (SAMA) Governor Ahmed Al-Khulaifi said that the local banks in the Kingdom enjoy high liquidity, loan quality and high profitability. In remarks to Al-Arabiya television, he noted that SAMA forecast for the growth of the Saudi economy exceeds that of the International Monetary Fund (IMF). He said IMF is building its forecasts for the Saudi economy based mainly on oil production while for SAMA it depends not only on the oil sector but also on its non-oil sector and private sector growth. “Most indicators were positive, especially for private sector consumption, fixed capital formation, lending to SMEs or mortgage lending.”

  • Al-Qaeda
    Osama bin Laden’s son Hamza killed in U.S. operation, Trump says

    Hamza bin Laden, the son of Osama bin Laden whom some considered the possible heir to the al-Qaeda terrorist network, was killed in a U.S. counterterrorism operation in the Afghanistan-Pakistan region, President Trump said Saturday — an announcement that comes more than a month after officials suggested he was killed.

  • Economy
    Saudi Arabia’s bank lending grows 3.1% in Q2 – SAMA

    Saudi Arabia’s bank lending levelled up by 3.1% during the second quarter of 2019, supported by the increase in long-term credit facilities by more than SAR 100 billion, according to the Saudi Arabian Monetary Authority’s (SAMA) data. Total loans recorded SAR 1.45 trillion in Q2-19, compared to SAR 1.41 trillion in Q2-18.

  • Al-Qaeda
    Osama bin Laden’s son and heir, Hamza, is dead, U.S. officials say

    Hamza bin Laden's last known public statement was released by al Qaeda's media arm in 2018. In that message, he threatened Saudi Arabia and called on the people of the Arabian peninsula to revolt.

  • Cannes
    ‘For Sama’ Wins Big At Cannes Film Festival

    For Sama is a gut-wrenchingly honest journey of a woman who falls in love, gets married and gives birth to her first daughter, Sama, in the war-torn, rebel-held city of Aleppo. Her camera captures incredible stories of loss, laughter and survival as she wrestles with an impossible choice – whether to flee to protect her daughter’s life, or abandon all freedom by staying.

  • FinTech
    SAMA and CMA to launch the FinTech Saudi Center

    Located in King Abdullah Financial District in Riyadh, the project aims at boosting the financial technologies. Its main goal is to attract at least 30 regional and international companies specialized in the field of FinTech within the first three years.

  • Osama Bin Laden
    My son, Osama: the al-Qaida leader’s mother speaks for the first time

    Saudi Arabia’s new leadership – spearheaded by the ambitious 32-year-old heir to the throne, Crown Prince Mohammed bin Salman – has agreed to my request to speak to the family.

  • Saudi Currency
    SAMA starts withdrawing SR1 notes from market

    The SR1 banknote accounts for 49 percent of the volume of traded cash, as it is often dealt between people and rarely deposited into banks,