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Saudi Arabia monarch King Salman has named former top adviser and head of Board of Directors of the Saudi Stock Exchange Tadawul, Dr Fahad bin Abdullah bin Abdullatif Al Mubarak, as the new governor of the kingdom’s central bank, reports Read more
Data released by the Saudi Arabian Monetary Agency showed that the kingdom’s foreign assets dropped by 1.1% in April highlighting that Riyadh is struggling with its finances as it is the 15th consecutive month that foreign assets are dwindling. The Read more
A cabinet reshuffle by King Salman has led to the merging of several ministries in the oil rich kingdom and the new arrival of new ministers; the most noticeable being the appointment of a new oil minister, in the person Read more
The low oil prices seem to be taking its toll on Saudi Arabia according to Insight Discovery, a financial services market intelligence company, after the oil rich kingdom’s monetary agency withdrew billions of dollars from global asset managers. Countries dependent Read more