Financial Services KSA Edition
Latest News
Morgan Stanley increases its overweight on Saudi Arabian stocks
Morgan Stanley cuts Russia stocks, buys dollar-rouble, cds on sanctions uncertainty
EU adds Saudi Arabia, Panama to money control blacklist
European Commission added Saudi Arabia, Panama and other jurisdictions to a blacklist of nations that pose a threat to the bloc because of lax controls against terrorism financing and money laundering
Citigroup sees Saudi, UAE as top Mideast markets for deals this year - executive
A number of companies in Saudi Arabia were working on initial public offerings
Saudi central bank launches regulatory Sandbox for fintech firms
Kingdom gives seven companies green light to work in the sandbox, and allows 11 banks permission to let customers open and edit accounts remotely
Ten Saudi banks log $12.13bln profit in 2018
Profits of ten banks out of twelve listed on the Saudi Stock Exchange (Tadawul) jumped 16.3% year-on-year in the fourth quarter of 2018
Saudi Arabia-based Solidarity launches new call centre service
Customers wishing to contact Solidarity’s call centre can call 17130000
Saudi Arabia allocates $3bln as reimbursement to private sector companies hiring citizens
Red, yellow zone companies have 12 months to benefit from govt scheme
Saudi Arabia’s KAUST launches third phase of startup accelerator
Successful applicants receive $20000 in grant funding and access to a co-working space
Najm opens new branch in Al Ghat
Opening of the new Najm office comes in support of the company’s expansion strategy across Saudi Arabia
Saudi Arabia plans $8.17bln EXIM bank
The Authority said the bank will bridge the gaps in financial services being provided to the export and import sector.
Insights
Chinese banks resist maxing out credit cards
Lenders have issued hundreds of millions of credit cards to local consumers, facilitating debt-fuelled shopping sprees
Fund buying slows on crude but Venezuela supports diesel: Kemp
Hedge funds added more bullish positions in crude
U.S.-China talks dominate oil outlook: Kemp
The outcome of trade talks will have a decisive influence on the oil consumption outlook
