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Ahmed Al-Kholifey

Ahmed Al-Kholifey latest

Saudi Arabia: Central Bank Ready for Any Aramco-Related Liquidity Squeeze
December 11th, 2019 - 08:28 GMT

Saudi Arabia: Central Bank Ready for Any Aramco-Related Liquidity Squeeze

Saudi Arabia’s central bank is ready for any liquidity squeeze from Saudi Aramco’s initial public offering (IPO) and is closely monitoring local banks, its governor said, after heavy demand for loans to buy the stock. Aramco’s long-awaited listing on the Saudi Arabian stock exchange is due on Wednesday, completing the largest IPO on record and raising $25.6 billion from retail and institutional buyers who took on debt to back their ...
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Saudi Arabia Central Bank Governor: No More Bank Mergers For the Time Being. (Shutterstock)
February 24th, 2019 - 10:57 GMT

Saudi Arabia Central Bank Governor: No More Bank Mergers For the Time Being

An increase in US interest rates usually requires an increase in local interest rates or else the exchange rate becomes unstable. (Shutterstock)
October 24th, 2018 - 06:05 GMT

Saudi to Lock in US-Riyal Exchange Rate

The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)
September 18th, 2018 - 07:18 GMT

IMF Confident Saudi Can Meet 1.9 Percent GDP Forecast

On Saturday, Saudi King Salman made a rare reversal in cuts to financial allowances for civil servants. (AFP/ File)
April 24th, 2017 - 01:20 GMT

Saudi Arabia cuts deficit by half in first quarter of 2017

The riyal’s exchange rate  is currently at 3.75 against the U.S. dollar according to the Central Bank's website. (File photo)
August 14th, 2016 - 07:00 GMT

Saudi Arabia reaffirms commitment to dollar peg

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