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Banking and Finance

Banking and Finance latest

Mobile Payments on the Rise, Cash Continues to Decrease: Visa Report Highlights Payments Shift in KSA
January 22nd, 2026 - 05:09 GMT

Mobile Payments on the Rise, Cash Continues to Decrease: Visa Report Highlights Payments Shift in KSA

Digital payments are continuing to reshape how people choose to pay in Saudi Arabia, with more consumers embracing faster, more secure digital experiences. Visa’s third edition of ‘Where Cash Hides’ report[1] shows 67% of KSA consumers are largely non-cash users, making most of their payments with payments cards or mobile devices. This is an increase of 4% compared with last year, highlighting a clear move away from cash. Digital Payments Break into Cash-Heavy Categories The appeal of cash is also decreasing in day-to-day purchases. Nearly one in four KSA consumers ...
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The shift is due to the debt problems afflicting the European Union and the Arab Spring
May 12th, 2013 - 05:06 GMT

Sovereign wealth funds in GCC focus more on local investments

World Bank Building
May 9th, 2013 - 11:24 GMT

Counting on foreign grants to plug fiscal gaps is a moral hazard - World Bank

The role of SWFs in the global economy has only strengthened
May 9th, 2013 - 11:15 GMT

Global challenges have forced organizations around the world to evolve - KPMG

Bahrain Development Bank
May 9th, 2013 - 09:38 GMT

Tamkeen signs Bahrain Development Bank to add BD10m to Enterprise Financing Portfolio

Adnan Chilwan, Deputy Chief Executive Officer, DIB
May 9th, 2013 - 04:41 GMT

DIB announces date of new share issuance and settlement of Tamweel share swap

 A trading board is seen on the floor of the New York Stock Exchange at the end of the trading day on May 7, 2013 in New York City. (Photo by Spencer Platt/Getty Images)
May 8th, 2013 - 11:56 GMT

US economy improving only for owners of inflated stocks and real estate

Emirates NBD Senior Officials at the inauguration of the bank's Emirates Towers branch
May 8th, 2013 - 11:13 GMT

Emirates NBD extends banking services with opening of Emirates Towers branch

Al Bawaba
May 8th, 2013 - 07:08 GMT

Al Ramz Securities notches 4th straight monthly market leadership

A branch of Abu Dhabi Islamic Bank in UAE
May 8th, 2013 - 05:19 GMT

ADIB profit edges up some 10 per cent in Q1 to Dh340.1m

Goldman Sachs tower in New Jersey
May 8th, 2013 - 05:16 GMT

Seasoned investment expert explains financing for SMEs

 IMF Managing Director Christine Lagarde (L) greets Somalia's Bank Governor Abdusalam Omer (R) during a meeting with members of MENA, April 21, 2013 at the IMF Headquarters in Washington, DC.
May 7th, 2013 - 12:43 GMT

Abundance of extractive resources drives Africa's economic growth: World Bank

Central Bank of Bahrain
May 7th, 2013 - 12:41 GMT

Bahrain Central Bank Treasury Bills oversubscribed by 297% this week

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