RIYADH: In the backdrop of a looming global banking crisis, Saudi lenders continue to maintain strong credit growth driven by corporate loans.
This has helped banks operating in the Kingdom record an aggregate year-on-year net profit of 7.5 percent to SR5.18 billion ($1.38 billion) in February 2023, the latest official data showed.
In February 2022, the aggregate profit of Saudi banks was SR4.82 billion, noted the Saudi Central Bank, also known as SAMA, in its monthly report issued on Tuesday.
Yemen's transportation ministry, part of the Saudi-backed, internationally recognised government, accused the Iran-backed Houthis of…
Oil prices fell to a three-week low on Tuesday as senior US officials raised hopes…
The Strait of Hormuz, through which a fifth of global oil and gas shipments usually…
A charity is supporting the rehabilitation of prisoners by offering them the opportunity to create…
In Gaza, the recovery work was carried out by the Civil Defence, which operates under…
The luteal phase occurs in the second half of a woman's cycle when they experience…