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Saudi Arabia a haven for FDI during the COVID-19 crisis arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Credit rating proves Saudi Arabia's economic resilience to pandemic arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Crown prince's four years of outstanding performance arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
IMF mission positively rates Saudi Arabia’s reforms Talat Zaki Hafiz Short Url https://arab.news/m8q6g Saudi Arabia’s successful economic reforms, as well as an expected decline in the jobless rate and inflation, were underscored in a concluding statement issued as part of the preliminary findings of International Monetary Fund (IMF) staff at the end of a recent official visit to the Kingdom. The IMF staff forecast that real gross domestic product (GDP) will grow by 2.1 percent this year and by 4.8 percent in 2022 (compared with a 4.1 percent contraction in 2020). The statement indicated that non-oil GDP will grow by 3.9 this year and 3.6 percent in 2022, compared with a decline of 2.3 percent in 2020. ....
Saudi Arabia achieves yet another milestone through instant payment Talat Zaki Hafiz Short Url https://arab.news/bprmu The Kingdom’s new instant payment system (IPS) has been officially launched throughout the country by the Saudi Central Bank (SAMA) following successful trials by several banking organizations. The system will allow financial institutions, companies, and individuals to complete transactions instantaneously across various banks, around the clock. Financial exchanges, such as money transfers between bank accounts, will be easier, quicker, and no longer constrained by the official operating hours of the Saudi Arabian Riyal Interbank Express (SARIE). The SARIE system began operating in May 1997 to provide a mechanism for all Saudi commercial banks to make and settle payments in Saudi riyals. ....