saudi Archives - Global Banking Monitor

Smart Interaction Granted Saudi License for Finance Integration Services

Saudi fintech firm Smart Interaction has obtained a license to provide finance aggregation services in the Kingdom. With approval from the Saudi Central Bank, the...

Saudi Arabia Launches Fintech Program to Foster Financial Innovation

Saudi Arabia has launched a new financial technology program called Makken to support and develop the sector in the Kingdom. Saudi Central Bank Governor Ayman...

Saudi Fintech Success: Tamara Secures Unicorn Status with $340 Million Funding Round

Buy now, pay later platform Tamara has become the first Saudi fintech startup to reach a $1 billion valuation after raising $340 million in...

Saudi Fintech Firm Dnaneer Granted License for Crowdfunding Solutions

Lending platform Dnaneer Financing Co. has become the eighth fintech firm authorized to operate to offer debt-based crowdfunding solutions in Saudi Arabia. The Saudi Central...

China and Saudi Arabia Seal $7 Billion Currency Swap Agreement

China and Saudi Arabia signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East and emerging...

Seamless Saudi Arabia 2023: Highlights and Key Insights

Saudi Arabia is in the midst of a digital transformation, positioning itself as a prominent global investment hub. Seamless was Saudi Arabia's event dedicated...

Tabby Receives Approval from Saudi Central Bank to Operate in Fintech

CAIRO: Saudi Arabia is fast becoming an attractive destination for regional fintech heavyweights thanks to the Kingdom’s carefully regulated operations to ensure ease of...

Saudi Arabia’s Economy Slows Due to Oil Cuts and Price Decline

Saudi Arabia’s growth slumped in the second quarter as a drop in oil prices and the government’s decision to cut production push the country...

Saudi Central Bank Announces 25 bps Increase in Repo Rate to 6%

The Saudi central bank, known as SAMA, increased key rates by 25 basis points on Wednesday, it said in a statement, following the Federal...

Saudi Central Bank May Take Measures to Provide Liquidity to Banks, Says Capital Economics

The Saudi Central Bank, known as SAMA, may need to inject liquidity into the banking sector like it did last year as interbank rates...

MVCC: Payments Innovation Award 2023

One of our valued contributors recently suggested we take a look at the work of the Saudi Arabian gas station automation company, MVCC. The...

Saudi Arabia’s Net Reserves Plummet to $410 Billion, Hitting Lowest Level Since 2010

Saudi Arabia’s net foreign assets fell to 1.538 trillion riyals ($410 billion) in April, the lowest since January 2010, even as the government forecasts...

Bank Albilad first Saudi bank to launch Open Banking services

Congratulations are in order for the team over at Bank Albilad who recently announced they have launched Open Banking services as per the specifications...

Saudi Arabia Increases Oil Prices to Asia in Response to OPEC+ Surprise Cuts

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

Tag: saudi