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FINANCIAL NEWS
Al Jasser says Saudi inflation levels not worrying
10 Oct 2011
(MENAFN) Muhammad Al-Jasser, Saudi Arabian Monetary Agency’s governor, said he inflation levels in the kingdom are not worrying and will continue to decline, reported Reuters.
He also said that lending levels had risen by more than 9 percent in this year, and that he is optimistic about the levels for 2012.
Fears of debt contagion in the euro zone have been shaking global markets over the past few months.
SAMA governor reiterated that his country is not affected by Europe dept crisis, referring to the lending and deposits are internal.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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