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saudi arabia

Saudi crown prince, US state secretary discuss cooperation

Saudi Arabia’s Crown Prince Mohammed bin Salman met with US Secretary of State Antony Blinken in Jeddah, the Saudi Press Agency reported early Wednesday. The pair discussed ways to enhance cooperation and bilateral relations in various…

Saudi banking sector growth driven by mortgages: report

Saudi Arabia’s banking sector has experienced rapid growth over the past few years, primarily driven by mortgages and thanks to continued government support, according to a new report from S&P Global Ratings. The US-based agency…

Saudi banks’ profits surge 3.4% in April to $1.55bn

The aggregate profit of banks operating in Saudi Arabia increased by 3.4 percent year on year in April to reach SR5.78 billion ($1.55 billion), according to the latest figures released by the Saudi Central Bank, also known as SAMA. The…