Latest articles from Saudi Arabia

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SAMA chief focuses on domestic developments

November 1, 2011

Muhammad Al-Jasser, the governor of Saudi Arabian Monetary Agency, says that while the country's role within the wider Middle Eastern and global economies is an important one, in times of such financial anxiety, it is important to focus on domestic matters.

HSBC Saudi Arabia

HSBC and SABB pull off landmark sharia-compliant deal in Indonesia

September 1, 2011

It has taken nearly two years, but Indonesian mobile telecoms operator Axis has secured $1.2bn of sharia-compliant financing. For many of the players involved, it was their first dealing with sharia principles, presenting HSBC and its Saudi affiliate with a complex task.

Mohammad Al-Jasser, central bank governor, Saudi Arabia

Saudi Arabian central bank seeks to meet sukuk challenge

March 15, 2011

Mohammad Al-Jasser, governor of Saudi Arabia’s central bank, discusses the huge potential of sukuk issuance in an interview with Stephen Timewell in Riyadh.

Arab National Bank teaser

Saudi banks view future with a mixture of caution and optimism

March 10, 2011

Saudi Arabia's banks largely enjoyed a profitable 2010 and are looking to 2011 with renewed optimism. Though the lessons of the past few years mean that a cautious approach will be adhered to, the sector's future certainly looks bright.

King Abdullah Financial District, Saudi Arabia

Saudi Arabia steps up its growth strategy

March 9, 2011

Saudi Arabia stuttered during the global financial crisis, but never plumbed the depths of the world's more developed economies. Now, the country's leaders are eyeing a more prosperous future, with a key focus being on educating and employing its youth and women.

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HSBC's sukuk solution

July 6, 2010

With its seven-year maturity making it the longest for any sukuk drawn up by a Saudi corporate, the $1.9bn capital raising put together for the Saudi Electric Company marks a huge achievement for the HSBC Saudi Arabia team that assembled it. Writer Edward Russell-Walling

Brave new world

March 31, 2010

Despite suffering a few shocks in 2009, Saudi Arabia's banking sector remains healthy and stable. As the sector faces up to the new realities and the need for change, an era of more modest, sustainable banking is emerging. Writer Stephen Timewell

How the Banks shaped up in 2009

March 31, 2010

There were mixed fortunes for Saudi Arabia's 12 banks, with 2008's most profitable brands retaining their positions with modest growth, impressive gains for NCB, some disappointing declines, while just one institution posted a loss.

Richard Groves

September 2, 2009

Richard Groves, managing director of Saudi British Bank (SABB)

Saudi Arabia's banks are reporting lower profits and higher loan-loss provisions, but business is still good, according to SABB's managing director. Writer Michael Imeson

A mixed year for GCC banks

September 2, 2009

The Gulf Co-operation Council countries have suffered as a result of the global economic downturn. Bank profits are down and there have even been some bank failures. But there is also plenty to be upbeat about, with some regions bucking the downward trend. Writer Michael Imeson

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