Financial Services KSA Edition
Latest News
Saudi British Bank completes 1st Phase with “Wethaq”
This technology permits beneficiaries to verify bank guarantees automatically
Majority of startups in MENA see negative impact from COVID-19
Out of the e-commerce startups, 54.2 percent have a cash runway of less than six months
SABB posts 7.6% decline in Q1-20 net profit
This was despite an increase in revenues by 28.3%
Saudi NCB, Samba post profits, diverge on provisions
NCB's net profit was $745.5mln for the period that ended March 31
Saudi sovereign fund seeks $10bln margin loan - Bloomberg News
The report comes a day after the $300 billion Public Investment Fund (PIF) disclosed its stakes in major U.S. companies including Boeing, Facebook and Citigroup
Saudi banks stable despite oil price drop, says S&P
Mortgage lending is also expected to tick up in the coming years following the relaxation of capital requirements by the Saudi Arabian Monetary Authority
Zahrat Al Waha obtains SIDF loan
The duration of the credit facility is 12 months
Moelis & Co granted advisory licence in Saudi Arabia -CMA
The licence will allow Moelis to conduct arranging and advisory activities in the kingdom, the CMA said.
Emerging economies burn through $240bln in reserves, drain seen continuing -BofA
China, Hong Kong, Saudi Arabia, Brazil and Turkey had all seen the biggest total drop in reserves, the bank said.
Saudi bonds outpace most Gulf sovereigns after VAT hike
The market is seeing the actions as being supportive of fiscal discipline
Insights
On debt-stricken Lebanon, investors see little room for optimism
Four different crisis: creditor
Tiny steps towards normalising home-working could become a stampede: Kemp
Shocks such as epidemics and military conflicts tend to accelerate changes
Hedge funds build large bullish position in WTI: Kemp
U.S. shale producers are cutting output hard