The Latest Breaking News from Financial Sector Development Program

Saudi FDI Inflows Grow by 10.7% in 3rd Quarter 2022

The Saudi Ministry of Investment said on Tuesday that the foreign direct investment (FDI) inflows into Saudi Arabia rose 10.7% in the third quarter of 2022 over the same period a year earlier. FDI inflows amounted to 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, according to…

Asharq Al-Awsat · Feb 8, 2023

SAMA: ePayments Exceeded Cash for 1st Time in Saudi Arabia in 2021

The Saudi Central Bank (SAMA) released on Sunday a report on the results of an extensive study to measure payment methods in Saudi Arabia in 2021. The report aimed to assess consumer payment habits (cash and non-cash) across all market sectors, individuals, business, and the government sector. A key objective…

Asharq Al-Awsat · Aug 14, 2022

Saudi Arabia Prepares to Launch Individual Savings Sukuk

The Saudi Ministry of Finance and the National Debt Management Center (NDMC) are seeking to develop and launch individual savings Sukuk to motivate individuals to design better plans for the future and seek strategic partnerships with the private sector. The two entities signed a memorandum of understanding (MoU) with SNB…

Asharq Al-Awsat · Aug 11, 2022