Tag: Saudi Central Bank

Saudi Central Bank issues financial institutions services fee guide 

RIYADH: The Saudi Central Bank, also known as SAMA, announced the issuance of the Financial Institutions Services Fee Guide, which will replace the currently...

Saudi Central Bank Decision on Repo and Reverse Repo Rates

The Saudi Central Bank (SAMA)decided to reduce the Repurchase Agreement (Repo) rate by 25 basis points to 5.00 percent and the Reverse Repurchase Agreement...

Saudi Central Bank lowers benchmark rate by 25 bps following US Fed decision

RIYADH: Saudi Arabia’s central bank has implemented its second interest rate reduction of 2024, lowering the benchmark by 25 basis points to 5.25 percent. This...

Minister of Finance Heads Kingdom’s Delegation to 4th Saudi-Swiss Financial Dialogue in Zurich

Minister of Finance Mohammed Aljadaan led the Saudi delegation at the 4th Saudi-Swiss Financial Dialogue held here yesterday. Senior officials from the Ministry of...

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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Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

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IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...