Saudi Arabia issues licence to 63rd finance company
Central Bank of Saudi Arabia
Latest in Central Bank of Saudi Arabia
Central Bank of Saudi Arabia
International tourist spending in Saudi Arabia soars to $12bn in Q1
Inbound visitor spending in Saudi Arabia increased by almost 23 per cent in the first three months of the year
Bahrain
UAE, other GCC nations hike interest rates as US Fed benchmark hits 22-year high
GCC central banks hike interest rates following the Fed’s decision to take benchmark borrowing costs to their highest level since 2001
Central Bank
UAE, Saudi, Qatar and Bahrain central banks hike interest rates following US Fed 0.25% raise
UAE and Saudi follow US in raising interest rates
Central Bank of Saudi Arabia
Saudi Arabia appoints new crypto chief to boost digital ambitions
Mohsen AlZahrani, a former managing director at consultancy Accenture, will lead the Kingdom’s virtual assets and central bank digital currency program
accelerator programme
Fintech Saudi’s second accelerator programme sees participation of 12 startups
The three winning startups at this year’s programme were awarded a financial grant of SAR 50,000 each by Saudi Aramco Entrepreneurship Center
Central Bank of Bahrain
Gulf central banks follow US Fed move to raise interest rates to curb inflation
The Federal Reserve announced a consecutive 0.75 percentage point interest rate hike – in a bid to rein in inflation and avoid recession
Central Bank of Saudi Arabia
Saudi Arabia awards first licence to offer consumer micro-loans in less than 5 mins
Saudi Central Bank gives licence to Zain’s Tamam to provide micro-financing services