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  • Saudi Central Bank

Banks charge fees if customers belonging to different banks transfer money to each other. E-wallets charge nothing for money transfers.

Who are the Fierce Competitors of Saudi Banks?

The Saudi banking sector is facing new competitors. The competition is coming from fintech (financial technology) and financing firms that are taking a slice of the banking business. The accelerating…

Motasem Al Felou 25 February 2022
Saudi Central Bank Governor Fahad al-Mubarak speaks during a news conference in Riyadh March 3, 2013. REUTERS/Faisal Al Nasser/File Photo

Digital Banks: The Next Big Thing in Saudi Banking Sector

With the announcement of Fahad Al Mubarak, Governor of the Saudi Central Bank, about the Kingdom’s intention to license more digital banks, the Saudi banking community should be ready for the…

Motasem Al Felou 05 December 2021
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Reuters / Al Majalla
Politics

Trump has few good options on Iran

16 February 2026

As the US and Iran head to talks in Geneva, competing forces are pulling Trump in opposite directions. There are only two "good" scenarios in front of him, and neither will be easy to achieve.

Michael Horowitz
Reuters / Al Majalla
Business & Economy

Donald Trump answers a Supreme Court rebuke with new tariff threats

21 February 2026

The immediate economic impact will be more uncertainty

The Economist
Reuters-Al Majalla
Politics

Ex-Prince Andrew's arrest rocks the British monarchy

20 February 2026

His arrest is the first for a British royal in modern history and comes after it was revealed he had passed confidential state documents to US financier and sex offender Jeffrey Epstein

Con Coughlin
Aliaa Aboukhaddour
Culture & Social Affairs

The Kuwaiti collector preserving Fairuz's legacy

16 February 2026

Faris Al-Muhanna dreams of one day creating a digital archive to safeguard the history and memory of Lebanon's most iconic artist for future generations

Charbel Khoury
US Secretary of State Marco Rubio with Syrian Foreign Minister Asaad al-Shaibani and SDF Commander Mazloum Abdi @USAMBTurkiye via X
Politics

SDF presence in Munich raises eyebrows in Ankara

18 February 2026

Despite having signed an agreement to integrate into the Syrian state, its leaders attended a key security conference in Germany as a separate delegation from Damascus, in a move that unnerves Türkiye

Omer Onhon

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OPINIONS

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