Saudi central bank announces change in name

The new SAMA logo.
Updated 04 December 2016
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Saudi central bank announces change in name

JEDDAH: The Saudi Arabian Monetary Agency announced on Sunday that its name has been changed to Saudi Arabian Monetary Authority.
SAMA, the bank's acronym, remains unchanged.
"All existing agreements, obligations and contracts under the previous name of SAMA will continue to remain in force," the bank said in a statement.
It said the change takes effect "from the date of this announcement."
Established in 1952, SAMA is currently headed by Dr. Ahmed Abdulkarim Alkholifey, who assumed office as governor on May 8, 2016.


Coordinated Arab efforts urged to overcome challenges

Updated 16 July 2019
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Coordinated Arab efforts urged to overcome challenges

CAIRO: Dr. Khalid Al-Ghamdi, chairman of the Arab Media Standing Committee and general supervisor of foreign media at Saudi Arabia’s Ministry of Media, called for coordinated Arab efforts to overcome regional challenges particularly the Palestinian issue and terrorism.
Al-Ghamdi was presiding over the committee’s 93rd session held at Arab League’s headquarters in Cairo on Sunday.
He said the meeting discussed a number of key issues including the Arab Media Charter of Honor. It was, Al-Ghamdi said, a continuation of previous meetings to discuss their outcomes and review the results in the light of proposals put forward by different member Arab countries.
The meeting was also attended by Arab League’s Assistant Secretary-General for Social Affairs Ambassador Badr El-Din Alali, Counselor Fawzi Al-Ghwail, director of the technical department of the Council of Arab Information Ministers, representatives of Arab member states, representatives of Arab information ministries and the heads of Arab media agencies and institutions.
Alali said the Palestinian question continues to remain the main issue in addition to the terrorist threats, sustainable development and the Arab image in the West.
“Implementing the Arab Media Strategy and improving media practices using the latest technologies is vital for media to effectively contributing to awareness programs and supporting the region’s vital issues.”
He said the inclusion of the Arab Media Charter of Honor and media education to the agenda is of great importance.
He also express resolve to counter the phenomenon of fake news and that the Arab media is serious about countering this problem.