Saudi Arabia is the latest country to join a multi-country initiative for central bank digital currency (CBDC), amid increasing interest from the Gulf state in futuristic forms of money. The Bank for ...

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 ...

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 ...

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 ...

China and Saudi Arabia signed a currency swap agreement worth around $7 billion. It's yet another push towards dedollarization as countries attempt to wean off use of the greenback. China's o ...

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 ...

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 ...

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 ...

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 ...