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  • Banking and Finance
    62pc of Saudis demand better banking standards

    Twenty-two per cent of banking consumers in Saudi Arabia are less than satisfied with their bank's existing product offering, a report said, adding that as high as 62 per cent of them demand better banking standards.

  • Islamic Banking
    Fitch: Islamic Banking Is Dominant in Saudi Arabia

    In a new report, Fitch Ratings says Islamic finance is a mature and developed industry in Saudi Arabia, representing about two-thirds of total bank financing.

  • Islamic Banking
    World Islamic Banking Competitiveness Report 2016

    Approximately 80% of international banking assets are based in Qatar, Indonesia, Kingdom of Saudi Arabia (KSA), Malaysia, United Arab Emirates (UAE) and Turkey

  • Banking: ME and Africa
    Digital Transformation Drives New Profits in Banking in Middle East and Africa

    There are no qualms about it. For banking, Africa and the Middle East represent one of the biggest opportunities of our generation. They are already dynamic markets for personal banking, portfolio management, institutional investment. And they will only get much, much bigger as digital banks, next generation banking, online banking, and other financial services arrive to claim their stake.

  • Islamic Banking
    Middle East Economics – Islamic Banking

    If you’re interested in investment products screened for social concerns, the quickly growing Islamic financial sector may be for you. Growing at a rate 50% faster than conventional banking, current estimates value the Islamic financial market at nearly $3 trillion and project that it could increase to $5 trillion by 2016.

  • Oil
    Saudi Arabia banking on oil price rise as production hits record

    Saudi Arabia increased oil production in March to the highest in at least 12 years and expects crude prices to rise in the “near future,” according to oil minister Ali al-Naimi.

  • Bank Earnings
    Saudi banking giant posts sixth straight drop in quarterly profit

    Saudi lenders are facing strong headwinds as net interest income comes under pressure from weakening loan growth and fierce competition, especially in the retail market. Analysts also warn that a prolonged slump in oil prices could dent confidence in the banking sector.

  • Saudi Banking Sector
    Strong outlook predicted for Saudi banking sector

    Saudi banks’ high net income is expected to continue to drive robust internal capital generation and substantial loss-absorption capacity. Although capitalisation levels to decline slightly as the banks increase lending.

  • Finance
    Moody’s outlook for Saudi banking system remains stable

    The outlook for the Saudi Arabian banking system remains stable, unchanged since September 2009, said Moody’s Investors Service.

  • Finance
    The Saudi Banking sector and fiscal policy

    The continued build-up of deposits is a positive when the banks can and must play a bigger role in driving economic development. There have been structural developments to accelerate the momentum in certain areas, for example, the mortgage law. But, in general, the banks are essential for driving private sector-led development in an economy that has historically relied very heavily on government provision and investment.