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Total number of residential mortgage loans provided to individuals by the end of 2018 amounted to about 50.4 thousand contracts.

October 2nd, 2019 - 07:10 GMT

Mortgage Loans Provided by Saudi Banks Triple in August

Mortgage loans provided by banks and financial institutions have tripled in August, official data showed on Monday. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-7…","video_id":"7c2e50c8-9b5c-4163-9815-21d6d268309b","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Countries with the Highest Risk of Money Laundry"} These loans were given to cover up to 12,000 applications submitted for loans during this period. According to the Saudi Arabian Monetary Authority’s (SAMA) monthly statistical bulletin, the number of new residential mortgages given to individuals from all financial institutions, including commercial banks ...

The report pointed out that the structural reforms undertaken by the government.

September 11th, 2019 - 06:24 GMT

IMF Projects 2.9 Percent Non-Oil Growth in Saudi Arabia

The currency will be used in financial settlements between the two countries. (Shutterstock)

January 29th, 2019 - 10:55 GMT

Saudi Arabia, UAE to Launch First Common Digital Currency ‘Aber’

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

The online travel sector in Saudi Arabia witnessed a massive 536% increase in debit card transactions. (Pexels)

September 6th, 2018 - 08:49 GMT

Report: Saudi Arabia Witnesses 218 Percent Growth in Mobile Travel Bookings

Cash withdrawls from ATM machines also rose more than 12 percent on a year earlier. (Shutterstock)

September 3rd, 2018 - 07:43 GMT

Improved Economic Outlook in Saudi Arabia

Saudi remittances abroad in the first half of this year reached SR33.01 billion compared to SR27.58 billion during the same period last year, registering a growth of 19.7 percent or SR5.43 billion. (Shutterstock)

August 2nd, 2018 - 09:47 GMT

After the Exodus: Expat Remittances Fall 16.9 Percent

The Mada Pay app features built-in security technology enabled by Visa Token Service and Mada Tokenisation Platform. (Shutterstock)

July 17th, 2018 - 09:30 GMT

New Mobile-Based Payment App to Be Launched in Saudi Arabia by Visa and Mada

Many property owners were forced to reduce their rents to attract clients and ensure liquidity. Market analysts expect further falls in prices in the coming months. (Shutterstock)

July 11th, 2018 - 09:45 GMT

Real Estate Market Suffers in Saudi Arabia Due to the Exodus of Expats

Investors in Saudi Arabia and the UAE accounted for the highest proportion of the “very knowledgeable” category. (Shutterstock)

June 10th, 2018 - 08:28 GMT

Saudi Investors Keen on Real Estate and Looking Abroad

As oil prices have risen, Saudi Arabia's drawdown on foreign reserves has eased and now stabilised. (Shutterstock)

May 7th, 2018 - 06:56 GMT

This is Why Saudi Arabia's Oil Reliance Continues

Vice President and Finance Minister of Switzerland Ueli Maurer arrived in the Saudi capital with a high-level delegation of Swiss bankers and diplomats to hold talks with senior Saudi officials/AFP

February 18th, 2018 - 10:10 GMT

Swiss Financial Trip to The Gulf Region

The Saudi Arabian Monetary Authority (SAMA) has reported a 6.7 percent drop in foreign remittances in 2017, compared to the previous year. (AFP/ File)

February 1st, 2018 - 10:12 GMT

Foreign Remittances Fall to $37 Billion From $41 Billion in 2015: Saudi Arabia