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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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Al Majalla
Politics

5 unanswered questions about Trump’s Venezuela plan

06 January 2026

Maduro's exit doesn't mean the end of his government

Ravi Agrawal
A Venezuelan oil tanker in the middle of the sea near Singapore, after being pursued by US authorities, on 18 March 2025. Reuters
Business & Economy

The problem with Venezuela's oil is technical, not political

04 January 2026

Tighter US control over Venezuelan exports won't necessarily redirect barrels, reshape trade flows, or alter global supply balances

Faisal Faeq
Venezuela's Vice President Delcy Rodríguez speaks during a press conference in Caracas on 8 September 2025. Federico PARRA / AFP
Profiles

Delcy Rodríguez and Venezuela’s politics of survival

05 January 2026

Venezuela's vice president is known for having a diplomatic style that is confrontational in tone but cautious in substance, and pursuing a strategy that marries public defiance with quiet pragmatism

Stefanie Butendieck Hijerra
Al Majalla
Documents & Memoirs

Putin foreshadowed the Ukraine war in 2008 meeting with Bush

06 January 2026

Recently declassified meeting minutes between the two leaders show how Washington was well aware of Moscow's grievances over NATO expansion, but went ahead anyway

Samer Elias
Al Majalla
Culture & Social Affairs

Christian Éboulé on decolonising the mind

06 January 2026

The Gabonese journalist discusses his debut novel, 'Le Testament de Charles', and how post-independence generations still bear the scars of colonialism

Nesrein El-Bakhshawangy

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OPINIONS

Israel-Syria security talks make headway in Paris

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