Saudi Arabia is considering the Chinese yuan to price some of its oil transactions rather than the predominantly used U.S. dollar, according to a report. Around 80% of global oil sales are conducted ...

China and Saudi Arabia have agreed on a currency swap deal worth approximately $7 billion. This agreement signifies another move in the worldwide trend of de-dollarization, as nations shift from the ...

Saudi Arabia will deposit $1 billion in Yemen’s Aden-based central bank to help stabilize the local currency, a senior official at the bank told Bloomberg. The official said the payment was part of ...

Six commercial banks from Saudi Arabia and the United Arab Emirates (UAE) have joined a digital currency project, major Saudi Arabian financial news portal Argaam reports on Feb. 5 Referring to ...

Ratings agency Moody's has raised Saudi Arabia's local and foreign currency ceilings to Aa1 from Aa2 on Friday. The decision to raise the local and foreign currency ceilings reflects the increased ...

BEIJING, Nov 20 (Reuters) - The People's Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals, both ...

RIYADH, Feb 4 (Reuters) - A devaluation of Saudi Arabia's currency could cause such political instability that Riyadh has little choice but to stick to its promise to use vast foreign exchange ...

The second edition of Athar - Saudi Festival of Creativity, the Kingdom’s largest gathering of the creative marketing industry, kicked off today in Riyadh with over 1600 international and local ...

Saudi Arabia's foreign reserve assets rose by 5% month-on-month (MoM), or about SAR 8.4 billion, reaching SAR 1.739 trillion ...

DUBAI (Reuters) - Saudi Arabia's currency fell to its lowest level in two years and its international bond prices slipped on Monday over fears that foreign investment inflows could shrink as Riyadh ...