Tag: SAMA

Saudi hotel spending rises 2.4% amid broader POS decline: SAMA

Spending on education saw the largest decline, plummeting 36% to reach SR125.9 million Jewelry sector recorded the smallest decline at 0.8%, reaching SR261.4 million RIYADH: Saudi...

SAMA 2024 Report Affirms Resilience of Saudi Financial System

The Saudi Central Bank (SAMA) issued its Financial Stability Report 2024, highlighting national and global trends and significant developments in the Saudi financial system,...

SAMA Announces Issuance of Second Release of Open Banking Framework

The Saudi Central Bank (SAMA), as per a press release, has announced the issuance of the second release under the Open Banking Framework, focused...

SAMA Permits New FinTech Companies to Launch Open Banking and Peer-to-Peer Lending Platforms

The Saudi Central Bank (SAMA), as per a press release, permitted three new FinTech startups to test their innovative solutions in SAMA's regulatory sandbox....

SAMA Seeks Public Consultation on Drafts of ‘Internal Audit Principles’ and ‘Compliance Principles’ for Finance Companies

The Saudi Central Bank (SAMA) said in a press release that it seeks public consultation on the drafts of "Internal Audit Principles" and "Compliance...

SAMA: E-Payments Share Reached 70% of Total Payments in 2023

The Saudi Central Bank (SAMA) announced that the share of retail consumer electronic payments -one of the Financial Sector Development Program’s KPIs- reached 70%...

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Dubai unveils new $410m economic support package for businesses 

Dubai approved a new 1.5 billion dirham ($410 million)...

Dell Technologies rewrites the rules of storage modernization and performance with Dell PowerStore Elite

Dell Technologies (NYSE: DELL) introduces Dell PowerStore Elite, a...

flydubai, Cyprus Airways announce interline partnership to expand global connectivity

flydubai and Cyprus Airways have announced the launch of...

ADX achieves 99% compliance rate in Q1 2026 financial statements disclosure by publicly listed companies

The Abu Dhabi Securities Exchange (ADX) Group announced that...