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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
  • Popular
  • Editor's Pick
Pep Boatella
Politics

Al-Jawf: the key to defeating the Houthis

05, Nov 2026

The battle for this strategically important and resource-rich province tests the Yemeni army's ability to tilt the military balance in its favour

Al Majalla - London
Eduardo Ramon
Profiles

Abdul El-Sayed: the progressive Michigander who beat the pro-Israel lobby

07, Aug 2026

The Egyptian-American epidemiologist became the first Muslim senator in US history, despite $70mn spent to defeat him in the Democratic primary

Tarek Rashed
Politics

Can the Democrats prevent a new round of war with Iran?

05, Nov 2026

Despite the war's unpopularity, Trump seems determined to press on until he can claim a decisive victory, whether by diplomacy, force, or a combination of the two

Aqeel Abbas
Opinion

Trump may be a lame duck at home but not abroad

05, Nov 2026

A Democrat-majority Congress will clip his wings at home, but he will have far more freedom to act on foreign affairs, given the powers he still retains as commander-in-chief

Con Coughlin
French author Philippe Djianada looks out from a window at the Drouant restaurant in Paris, following his win of the French Goncourt literary prize for his novel "The Unknown Woman of Quai de Javel," on 3 November 2026. REUTERS/Christian Hartmann
Culture & Social Affairs

A novel about a murder in Paris wins the 2026 Goncourt

06, Nov 2026

French novelist Philippe Jaenada's novel 'The Unknown Woman of Quai de Javel' wins big, while the Prix Renaudot goes to François-Henri Désérable for his novel about an unlikely wine expert

Najeeb Mubarak

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OPINIONS

Democrats sweep the US midterms, but can they rein in Trump?

Al Majalla - London
Al Majalla - London

A novel about a murder in Paris wins the 2026 Goncourt

Najeeb Mubarak
Najeeb Mubarak

Al-Jawf: the key to defeating the Houthis

Al Majalla - London
Al Majalla - London

Trump may be a lame duck at home but not abroad

Con Coughlin
Con Coughlin
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