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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, Feb 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, Dec 2021
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Politics

Frederic Hof: Israel-Syria peace is far off, but a truce is crucial

28 May 2025

The former US envoy to Damascus tells Al Majalla how to find a path to a lasting settlement and a new place in the Middle East, from his unique perspective and first-hand experience in Assad-era talks

Johaina Khaldieh
Opinion

The Israel-Houthi war achieves nothing and hurts both sides

28 May 2025

Killing Yemeni civilians further ruins Israel's global image. Meanwhile, the Houthis cannot defeat Israel militarily.

Anwar Al-Ansi
Sara Padovan
Business & Economy

The history of tariffs is still being written

29 May 2025

A US federal court has blocked Trump's tariffs and ruled that the president doesn't have unilateral authority to impose them, dealing a major blow to his economic policy

Toufic Chanbour
Palestinian poet Mosab Abu Taha
Culture & Social Affairs

Palestinian poet Mosab Abu Toha: Pulitzer Prize is a recognition of our story

26 May 2025

The US-based writer does not hold back in what he pens for American readers, nor is he censored. There is just one word that he is forbidden from using.

Houssam Marouf
Sara Padovan
Business & Economy

It’s time to build a regional climate fund

27 May 2025

As global climate finance falters and US support disappears, the MENA region faces a widening funding gap. Now is the time to create a regional climate finance mechanism.

Léa Eid

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OPINIONS

RIP: the outdated export of revolution in the Middle East

Houssam Itani
Houssam Itani

Exit signs: America’s full withdrawal from Syria seems imminent

Caroline Rose
Caroline Rose

‘Children fighting in a park’ with drones and long-range bombers

Con Coughlin
Con Coughlin

US–China trade truce is a pause for breath in a new Cold War

Shirley Ze Yu
Shirley Ze Yu
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