Riyadh – Saudi Kayan Petrochemical Company penned an agreement, on 16 March, to refinance Islamic Murabaha loans amounting to ...

The SNB took its key rate down to 0.25%, as inflation in the land-locked country was a paltry 0.3% in February. The SNB forecasts average inflation this year to be just 0.4% and to rise to 0.8% ...

Since the beginning of the rate hike cycle in 2022, the Swiss National Bank (SNB) has frequently surprised the markets by setting its policy rate differently than expected by experts beforehand. Five ...

"The SNB emphasised that the current capital position of the UBS parent bank is stronger than that of Credit Suisse before the crisis," it said. "Nevertheless, weaknesses in the current capital ...

For their part, Saudi banks are looking to offload mortgages off their books as liquidity tightens in the banking system with deposits lagging loan growth. “For SNB, these are long duration fixed ...