Financial Services KSA Edition
Latest News
China’s iPayLinks’ entry to impact Middle East fintech market
iPayLinks is aiming to build up the one-stop payment solution for the Middle East cross-border businesses
UAE's Network International revenues rise as it picks up new Saudi contracts
Network International reported earnings of $298mln last year, boosted by better-than-expected performance in Saudi Arabia
SAIB swings to losses in Q2
Saudi Investment Bank (SAIB) disclosed its interim financial results for the second quarter of 2019.
Saudi tops IPO activity; 6 MENA deals raise $2,822mln in Q2 2019
Global IPO exchange activity continued to pick up in Q2 2019, with 302 IPOs raising $56.8bln
SABB turns to losses in Q2
Saudi British Bank (SABB) disclosed its interim financial results for the second quarter of 2019.
Credit Suisse hires Mizuho banker as Saudi Arabia CEO – sources
Credit Suisse has hired Khalid Al Ghamdi, currently managing director at Mizuho Saudi Arabia, as its new Saudi Arabia CEO, two sources close to the matter said.
UAE, Saudi Arabia to combat financial terrorism under new agreement
Data shared will support both entities in the ongoing battle against money laundering and financial terrorism
Saudi Arabia's bank deposits rise by $16.88bln in June - SAMA
Saudi Arabia’s bank deposits increased by 0.47%
Samba records profit in Q2 2019
Profit went down by 16.25% YoY in 6 months
Bank Albilad achieves profit in Q2 2019
The bank ascribed the increase in its profit to the increase in net income from investment and financial assets
Insights
Digital realities and the comeback of industry shaping M&A
Infosys Finacle provides a breakdown of the primary factors driving this modern wave of consolidation in the banking sector
Hedge funds polarised on oil by economy and supply threats: Kemp
Hedge funds and other money managers sold futures and options equivalent to 25 million barrels in the six most important contracts linked to petroleum prices in the week to Aug 6.
Creating a future through sustainable financing
Standard Chartered has demonstrated consistent commitment to the cause. The bank’s Regional CEO for Africa & the Middle East, Sunil Kaushal, helps shed light on these initiatives.
