Higher oil prices mean a return to budget surplus, even as investment challenges remain.
Middle East
Latest articles from Saudi Arabia
SABB targets SME growth as economy recovers
April 28, 2022SABB CEO Tony Cripps talks about the impact of higher interest rates, the bank’s digital ambitions and how it plans to increase its foothold in Saudi Arabia’s retail market.
Saudi lenders set for bumper year as rates rise
April 26, 2022Further growth in retail mortgages will continue to underpin credit growth for banks as the economy improves.
Gulf consolidation slows as economic pressures ease
March 1, 2022Middle Eastern fintechs and neobanks are attracting investment from overseas, as the wave of mega-mergers among the region’s largest lenders grinds to a halt.
Vision 2030 projects drive Saudi loan growth
October 13, 2021The country’s two largest banks saw gross total loans increase by about 37% between 2016 and 2020.
A new era for GCC digital banking
August 19, 2021Digital-only banks in the Gulf Co-operation Council are experiencing a boom.
Geidea on the growth of digital-only financial services in the Gulf
July 15, 2021Abdullah Al-Othman on the prospects for Saudi Arabia’s first digital-only banks.
Saudi Arabia’s Vision 2030 still on track
April 26, 2021Despite a double hit from the pandemic and falling oil prices, the country’s plan to diversify its economy continues apace.
Saudi banks buy into country's plans for change
April 26, 2021With a new open banking initiative planned, Saudi institutions are ramping up their digital offerings.
Saudi mega-merger symbolises Gulf M&A trend
March 1, 2021Tie-up between NCB and Samba Financial heralds a second wave of bank consolidation in the region.
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