Category Archive for "Economy"

Moody’s: Islamic banks’ strong liquidity driven by retail strengths and gov Sukuk availability

Moody’s Investors Service says that the liquidity coverage ratios (LCRs) of Islamic banks in key Asian and Gulf Cooperation Council (GCC) countries…

Saudi-based development bank issues RM350mil sukuk

KUALA LUMPUR: Saudi Arabia-based Islamic Development Bank (IsDB), whose shareholders comprise the 57 member countries of the Organisation of Islamic Cooperation, has…

KSA’s first Hampton by Hilton to open in 2018

Hilton Worldwide has signed a management agreement that will see the hotel debut in the Kingdom of Saudi Arabia.  Hampton by Hilton…

KSA reveals $11.2bn domestic tourism investment

Research reveals domestic tourism growth in Saudi Arabia, with Mecca leading the list of destinations. Spending on domestic tourism in Saudi Arabia…

Swiss International debuts in Saudi Arabia

Swiss International signed its first two hotels in the Kingdom of Saudi Arabia. The chain will be entering the market with the…

Saudi Arabia Said to Plan Fannie Mae-Style Mortgage Company

Saudi Arabia is working with the Boston Consulting Group to help start a state-owned mortgage firm similar to the U.S.’s Fannie Mae…

Gold doing something it hasn’t done since 1998

With gold down more than 8 percent year to date, the beaten-down commodity is tracking for its third-straight year of losses. The…

18 books billionaire Warren Buffett thinks everyone should read

When Warren Buffett started his investing career, he would read 600, 750, or 1,000 pages a day. Even now, he still spends about 80%…

Eurozone growth looks like it accelerated in October

It’s purchasing managers’ index (PMI) day, with the results of business surveys around the world rolling out. When it came to the…

Economists now see a 15 percent chance of a downturn in the next year

A delayed Federal Reserve rate hike, turmoil in global equity markets… and now increased expectations for a downturn in the U.S. The probability…

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