Samba Launches Credit Card with Various, Innovative Features

Samba Launches Credit Card with Various, Innovative Features
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Samba Launches Credit Card with Various, Innovative Features

Samba Launches Credit Card with Various, Innovative Features

Samba Financial Group has launched a new credit card, designed to give its customers unlimited distinction.

Samba “Unlimited” credit card provides card holders with a cashback feature every time they use the card for the purpose of purchasing.

It was designed according to a number of research and marketing visions to allow all its users have a cash refund of 1.5 percent of their total monthly purchases.

This makes the card an ideal companion for shoppers looking to double their credit rewards, and it is available in all Samba branches in the Kingdom.

The card is enhanced with unique and unlimited benefits offered by Samba credit cards, not to mention its travel and lifestyle features.

It allows its holders to access more than 1,000 private airport lounges around the world, with many exclusive shopping offers by European shopping malls, hundreds of free purchase offers and leisure and recreation offers.

The card also provides emergency and travel insurance in any country.

Samba Financial Group has always placed its customers at the center of its attention, said Branch Banking Head at Samba Financial Group Maan al-Kahmous.

Kahmous pointed to the extent to which Samba is committed in its continuous innovation process to improve product offerings.

He said it targets fulfilling its customers’ aspirations and contributing to enhancing its position as one of the leading banks in the field of credit cards in the Kingdom.



Oil Down $2 as Investors Digest Weak US Job Data

FILE - This Nov. 6, 2013 file photo shows a Whiting Petroleum Co. pump jack pulling crude oil from the Bakken region of the Northern Plains near Bainville, Mont. (AP Photo/Matthew Brown, File)
FILE - This Nov. 6, 2013 file photo shows a Whiting Petroleum Co. pump jack pulling crude oil from the Bakken region of the Northern Plains near Bainville, Mont. (AP Photo/Matthew Brown, File)
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Oil Down $2 as Investors Digest Weak US Job Data

FILE - This Nov. 6, 2013 file photo shows a Whiting Petroleum Co. pump jack pulling crude oil from the Bakken region of the Northern Plains near Bainville, Mont. (AP Photo/Matthew Brown, File)
FILE - This Nov. 6, 2013 file photo shows a Whiting Petroleum Co. pump jack pulling crude oil from the Bakken region of the Northern Plains near Bainville, Mont. (AP Photo/Matthew Brown, File)

Oil prices slid by more than $2 on Friday, on track for a fourth successive weekly drop after data showed that the US economy added fewer jobs than expected in July and weak Chinese economic data further weighed.

Brent crude futures fell $2.61, or 3.28%, to $76.91 a barrel by 11:52 a.m. ET. US West Texas Intermediate crude futures were down $2.82, or 3.7%, at $73.49, Reuters reported.

US crude futures fell by more than $3 per barrel during the session.

US job growth slowed more than expected in July as unemployment increased to 4.3%, pointing to possible weakness in the labor market and greater vulnerability to recession.

"We moved from a demand-driven market to a geopolitical one for maybe two days then we absolutely nosedived on all this economic data," said Tim Snyder, chief economist at Matador Economics, citing bearish Chinese data and Friday's weak US job data.

Economic data from top oil importer China and a survey showing weaker manufacturing activity across Asia, Europe and the United States raised the risk of a sluggish global economic recovery that would weigh on oil consumption.

Falling manufacturing activity in China also inhibited prices, adding to concerns about demand growth after June data showed imports and refinery activity lower than a year earlier.

Asia's crude oil imports in July fell to their lowest in two years, sapped by weak demand in China and India, data from LSEG Oil Research showed.

Oil investors are monitoring developments in the Middle East, where the killing of senior leaders of Iran-aligned militant groups Hamas and Hezbollah stoked fears that the region could be on the brink of all-out war, threatening to disrupt supplies.
Lebanon's Hezbollah said its conflict with Israel had entered a new phase and pledged a response after its top military commander was killed in an Israeli strike.