The Saudi Central Bank (SAMA) has granted operational approval to D360 Bank, marking the launch of the kingdom's third licensed digital bank as regulators push to modernise the financial sector ...

The Saudi central bank's net foreign assets fell by $12.8 billion in December from the previous month, central bank data ...

By bnm Gulf bureau STC Bank has received regulatory approval from the Saudi Central Bank (SAMA) to commence operations as a digital bank following successful completion of its pilot phase, the bank ...

Saudi Arabia's foreign reserve assets fell by SAR 10.8 billion, or 1%, month-on-month (MoM) to SAR 1.62 trillion in January, ...

The Saudi Cabinet, chaired by Crown Prince and Prime Minister Prince Mohammed bin Salman, approved the National Program for Succession and Leadership ...

RIYADH — Foreign remittances from Saudi Arabia recorded a significant increase of 14 percent on an annual basis during the ...

This marked the highest level since 2022, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA). The increase was reportedly mainly due to the growth in employment ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Saudi Arabia’s central bank has joined the Islamic financial regulator AAOIFI in a move that could increase cross-border financial trading in the region The vision 2030 strategy aims to diversify ...