Financial Services KSA Edition
Latest News
Gulf dollar bonds rally as global markets rebound
Gulf bonds posted further gains on Wednesday
Saudi banks to postpone repayment of loans for healthcare employees
The initiative is in recognition of their enormous efforts to safeguard health of citizen, residents
Saudi SAMA eases financial transaction restrictions to mitigate impact of COVID-19
The initiatives are designed to ease financial transactions and improve payment solutions through electronic services
Coronavirus hits Gulf banks' dealmaking ahead of Ramadan lull
Gulf banks are losing out on a critical quarter for earnings with the coronavirus outbreak
UAE bars entry to visitors, Saudi Arabia limits private sector work
UAE to halt visas on entry as of March 19
Gulf bonds fall sharply, Aramco 30-year notes shed nearly 4 cents
Dollar bonds maturing in 2047 issued Abu Dhabi, seen as one of the region's strongest credits, shed 4.6 cents
Saudi central bank implements work-from-home measures for banks
Decision was in compliance with a government directive to suspend attendance for employees in all government agencies, except for those in health, security and military sectors: SAMA
Saudi banks placed on Fitch rating watch as oil prices drop
Lower government spending and delayed payments could have a domino effect on the economy
Aramco has "massive capacity" to borrow, but does not need new debt - CFO
Aramco had a gearing of - 0.2% (minus) at the end of 2019, the company said on Sunday.
Gulf central banks cut rates as region's coronavirus cases near 1,000
Most Gulf central banks tend to follow the U.S. Fed because their currencies are pegged to the U.S. dollar.
Insights
Gold's safe haven status takes coronavirus hit; India, China demand wanes: Russell
Much of the blame for gold's recent stumble has been laid at the door of investors dashing to cash
HSBC's now-permanent CEO gets a hospital pass
The HSBC chairman has done the corporate equivalent to Noel Quinn, the global bank’s now-permanent chief executive.
Toilet paper and bank notes aren't so different
Consumers just aren't really aware of the processes that put food on their table, or tissue in their bathrooms