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Currency News

Saudis Narrow Rate Gap With Libor in Bid to Boost Riyal Appeal

19 Mar 2018 02:41Bloomberg
“The current move by SAMA is likely to have been driven by a need to ensure the appeal of the Saudi riyal in an environment of generally tightening monetary conditions in the developed world,” said Anita Yadav, the head of fixed-income research at ... more

Saudi central bank raises key interest rates ahead of US

15 Mar 2018 11:30Reuters
In a brief statement, the Saudi central bank said only that its decision was “consistent with monetary stability in the evolving domestic and international monetary conditions”. more

'No choice but to leave': Saudi Arabia kicks out thousands of Yemeni workers

14 Mar 2018 04:33Middle East Eye
Yassin al-Ariqi left Sanaa for Saudi Arabia in 2009, full of hope that his new job as a shop salesman was the answer to the money worries of family and parents back in Yemen. more

Pakistani man loses life over 65 Saudi Riyal gas bill

05 Mar 2018 13:18Daily Pakistan
JEDDAH - A Pakistani worker at a fuel station in the Eastern Province of Saudi Arabia lost his life for an unpaid bill worth 65 Riyals only. Mohammed Shamrez, 26, who hailed from Gujrat city, died after he sustained injuries while chasing some fleeing ... more

Bangladesh's Regent Airways announces new international route to Dammam, Saudi ...

30 Jan 2018 12:11bdnews24.com
Fares start from Taka 20,838 for one way and Taka 53,395 for return inclusive of all taxes on the Dhaka to Dammam route and Saudi Riyal 700 and return Saudi Riyal 1422 on Dammam to Dhaka route. The baggage allowance from Dhaka is 20 Kg while from ... more

Saudi authorities net $106 billion in corruption settlements

30 Jan 2018 06:11Khaleej Times
Saudi Arabia says a wide-reaching anti-corruption campaign has netted more than $106 billion (Dh389b/397 billion Saudi riyal approx.) in financial settlements with 65 people who remain in custody. Saudi Attorney General Saud al-Mojeb said on Tuesday ... more

Saudi foreign reserves rise for third straight month

28 Jan 2018 12:33Reuters
The central bank did not explain the reasons for the December data, but a jump in oil prices to three-year highs has lifted revenues, and this may have reduced the need for the government to draw down the reserves - though not entirely removed it, as ... more

After months of torture as domestic worker in Saudi, Hyderabad woman returns home

28 Jan 2018 02:15The News Minute
After months of torture and alleged sexual exploitation in Saudi Arabia, a Hyderabad woman finally returned home on Saturday. Zainab Begum, a resident of Kalaphattar, had been stuck in Saudi since she travelled there on work on June 13, 2017. more
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