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The Federal Open Market Committee also noted that job gains have moderated

Data showed that the bank's net foreign assets in June were around SAR1.670 trillion

Higher sales and cost efficiencies drove the company's highest-ever production volumes

This represents a year-on-year surge of 333 percent

Over 370 wealth and asset management firms, including more than 50 pure-play hedge funds, are now based in the Centre

This translates to an adjusted profit before tax margin of 70 percent, up by 4 percentage points from H1 2023

The decision follows a positive economic assessment since the program's launch in December 2022

The first half of 2024 saw a surge in trading activity, higher trade values, and an influx of new investor

This represents a 233 percent surge over the previous year

Central bank's regulations are designed to advance the digital economy and foster innovation in the fintech sphere

Through renewable energy, green hydrogen, and engineering initiatives

The funding aims to boost sustainability within the education sector

The $5 billion deposit was made by Saudi Arabia before Türkiye's presidential and parliamentary elections last year

The interest rate on the bills' repurchase operations with the Oman central bank is 6 percent

Foreign currency inflows into the local market have jumped by about 200 percent

This includes developing the exchange market, facilitating bilateral trade and direct investment, and remittance settlement

New partnership will let Indian tourists use their preferred payment methods at retail, attractions, leisure, duty-free, and hotels

Emirates Islamic's total income saw a notable 15 percent increase to AED2.7 billion while operating profits surged by 40 percent

Elhedery joined HSBC in 2005 and became group CFO in 2023

Central banks also sign MoU to establish a framework for the use of local currencies in settling cross-border transactions

The value of the 28-day maturity treasury bills allocated was $38.97 million

Investments by Islamic and commercial banks grew by 9.8 percent and 3.7 percent, respectively

The value of transfers executed through the system increased by over 20 percent year-on-year

This initiative is part of SAMA's strategy to provide banking services to government agencies and support digital development