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Saudi Arabia Standard Time. Saudi Arabia Standard Time (Arabic: التوقيت القياسي السعودي, romanized: At-Tawqīt al-qiyāsiyy as-suʿūdiyy), abbreviated as SAST, is the standard time zone of Saudi Arabia. The time zone is 3 hours ahead of UTC with no daylight savings. [1] SAST is defined by the 45th Meridian East.
The Saudi riyal (Arabic: ريال سعودي riyāl suʿūdiyy) is the currency of Saudi Arabia. It is abbreviated as ر.س SAR, or SR (Saudi Arabian Riyal/Saudi Riyal). It is subdivided into 100 halalas (Arabic: هللة Halalah). The currency is pegged to the US dollar at a constant rate of exchange. [2]
A currency union (also known as monetary union) is an intergovernmental agreement that involves two or more states sharing the same currency. These states may not necessarily have any further integration (such as an economic and monetary union , which would have, in addition, a customs union and a single market ).
LONDON (Reuters) -Saudi Arabia has joined a China-dominated central bank digital currency cross-border trial, in what could be another step towards less of the world's oil trade being done in U.S ...
At the time of the 2016 Australian census, there were over 12,000 Saudi Arabians living in Australia. [11] Saudi Arabians living in Australia tend to have a higher median income compared to other migrant populations and the average Australian-born population. They are predominantly young (majority being under the age of 30). [11]
The goods and service trade between Saudi Arabia and Australia reached $1.79 billion in 2019, [1] making it Australia’s 27th largest trade partner. [7] This relationship is strengthened through their shared membership within the G20, chaired by Saudi Arabian King Salman Bin Abdul-Aziz Al Saud, along with their mutual economic and trade ...
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Saudi Arabia dives deeper into Western assets as it looks set to become the majority owner of the U.K.’s busiest airport in a $12bn deal Ryan Hogg December 11, 2023 at 3:51 AM
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