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In "SAUDI ARABIA"
Saudi Gazette report RIYADH — Ayman Al-Sayari, governor of the Saudi Central Bank (SAMA), said Saudi Arabia’s economy witnessed robust growth during the year 2022 despite the global economic challenges. He said the financial system has contributed remarkably to the strong economic performance.In his comments about the SAMA report for the year 2022 released on Thursday, Al-Sayari said the Kingdom’s economy showed strong performance in terms of gross domestic product (GDP) and employment rates. “Banks, insurance companies, financing companies, and payment service providers, which are under the supervision of the Central Bank, have worked to expand the scope of financial services, as well as to include all borrowers including private sector stakeholders and individuals,” he said....
June 15, 2023
SAMA chief: Strong liquidity and capitalization reflect strength of Saudi banking system
June 15, 2023
Saudi Arabia to receive Yemeni Hajj pilgrims traveling via Sanaa airport
June 15, 2023
Labor market participation by people with disabilities goes up in Saudi Arabia thanks to state's care
June 15, 2023
Saudi medical team saves Indonesian pilgrim whose heart stopped for 8 minutes
June 15, 2023
Company fined SR10 million for violating Competition Law
Saudi Gazette reportRIYADH — The Consumer Price Index (CPI) in Saudi Arabia has increased to 2.8% in May 2023, compared to the same month in 2022. It was also higher than the 2.7% increase estimated for April 2023, according to the General Authority for Statistics (GASTAT).The rise in CPI was due to the increase witnessed in the prices of housing, water, electricity, gas, and other fuels by 8.4%, and food and beverages by 0.9%.GASTAT noted that the rent prices were the main driver of inflation in May 2023, compared to May 2022, due to its relative importance in the Saudi consumer basket with a weight of 21.0%.The Consumer Price Index report issued by the authority for May 2023 showed that actual rents of housing in Saudi Arabia increased by 9.9%, reflecting the increase in rents for...
June 15, 2023
Driven mainly by rent prices, Saudi inflation rises to 2.8% in May
June 15, 2023
Al-Rabeeah: Saudi Arabia extended over $96 bln in humanitarian aid to 167 countries
MEXICO CITY — Under the patronage of Prince Badr bin Abdullah bin Farhan, Minister of Culture, Saudi Arabia's Music Commission, with the participation of the Theater and Performing Arts Commission (TPAC), organized a musical evening entitled "Marvels of Saudi Music" in the capital of the United Mexican States.The event at the National Auditorium in Mexico City was attended by Mexican Culture Minister Alejandra Frausto Guerrero, Saudi Ambassador to Mexico Haitham bin Hassan Al-Maliki, TPAC CEO Sultan Al-Bazai, Music Commission CEO Paul Pacifico, ambassadors of the GCC member states and other Arab countries accredited to Mexico, Mexican cultural figures, and music lovers.On behalf of the Saudi Minister of Culture, the CEO of the Music Commission delivered a speech welcoming...
June 15, 2023
‘Marvels of Saudi Music’ showcases Saudi creativity in Mexican capital
June 15, 2023
Riyadh Theater Festival to be announced soon
June 15, 2023
Saudi Arabia, UK sign MoC for joint work and exchange of expertise in healthcare
