Financial Services KSA Edition
Latest News
Alinma Bank records net profit in 9 months
Alinma Bank achieved an increase of 11.93% in net profits during the third quarter of 2019
Saudi Trade Finance Summit to focus on tech disruptions
Event will be held on November 13 and 14 under the theme “Enabling the Kingdom’s vision for a better future”.
Saudi electronic payments witness dynamic growth
Advancements possible due to infrastructure in Saudi and support of the Saudi Arabian Monetary Authority and collaboration with global partners
Saudi Arabia's flynas and STC Pay to provide passengers with new payment solutions
flynas passengers can make payment via Apple Pay and STC Pay alongside previous payment options including MasterCard, American Express, VISA, SADAD, and Mada Pay
Mastercard, Saudi Payments explore future of payments
The forum, which took place in Riyadh, supports the Saudi 2030 Vision to make 70% of all payments electronic by 2030
Saudi king appoints new central bank deputy governor
Saudi Arabia's King Salman has appointed Ayman bin Mohammed Alsayari deputy governor for its central bank
Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich locals
Aramco could announce local listing plan next week
Saudi banks told to hire nationals in executive roles, regulator says
The move is part of a wider governmental push to replace expatriate workers with Saudi citizens.
eXtra's subsidiary receives Saudi regulator's nod to provide credit card service
Approval will enable eXtra to extend its presence in the kingdom's retail sector
Moody's upgrades APICORP to Aa2 with stable outlook
The ratings agency expects APICORP's higher quality of funding and very strong asset performance to stay
Insights
59% of EMEA factor investors ‘plan to raise allocation’
Nearly 70% of respondents have also reported that their factor investing performance met or exceeded expectations in 2019.
China rival offers WeWork half an office blueprint
The We Company, which may run out of cash as early as next month, is in talks with backer SoftBank for a rescue package that could value the business at just $8bln
Hedge funds hold fire after two weeks of heavy selling in oil: Kemp
Hedge funds stuck with their existing bearish view on oil prices last week
