If the US Federal Reserve raises its interest rate by 1.5 percent by 2023 Saudi banks could see their earnings rise by 15.6 percent compared to 2020 levels, a Saudi investment bank said in a report. Al Rajhi Capital said the increase in profits would be equivalent to SR8 billion ($2.1 billion). The firm assumed that the Fed would spike its interest rate by 0.25 percent on
This year will still likely be a year of mortgage growth in Saudi Arabia, a report said, adding that market leaders are likely to speed up mortgage growth in the first half (H1) of 2022.
This year will still likely be a year of mortgage growth in Saudi Arabia, a report said, adding that market leaders are likely to speed up mortgage growth in the first half (H1) of 2022.
Supply chain disruptions in chip delivery, coupled with the energy crisis in key producer China mean the Kingdom’s retailers could face lower availability of products, a Saudi investment bank said in a report. Al Rajhi Capital explained that chip shortages will hamper the production and distribution of electronic devices. The lead time for the delivery of chips – which is the