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Saudi Arabia

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Executive Moves

Natixis Opens Office in Saudi Arabia, Names Reema Al-Asmari as CEO

  • The company has opened a Corporate & Investment Banking office, Natixis Saudi Arabia Investment Company.
Monday, 01/06/2020 | 06:52 GMT by Celeste Skinner
Analysis

Analysis: Where Are Middle East FX Traders Depositing Most Often?

  • While the size of deposits and withdrawals remain the same, the number of deposits goes lower in October
Sunday, 05/01/2020 | 19:22 GMT by Sylwester Majewski
News

Saudi Arabia, UAE Leaders Confirm Plans to Launch Digital Currency

  • The project was officially unveiled earlier this year and named Aber.
Thursday, 28/11/2019 | 13:56 GMT by Arnab Shome
Analysis

Equiti Goes to Saudi, Alibaba to Use Crypto: Editor's Pick

  • We take a look back at the most riveting and interesting stories from last week.
Sunday, 01/09/2019 | 10:46 GMT by David Kimberley
Prime Brokerage

Equiti Group Partners Saudi Arabia’s 3rd Largest Bank

  • The non-bank liquidity provider just landed a new major deal in the Middle East with Riyad Bank
Thursday, 29/08/2019 | 13:33 GMT by Victor Golovtchenko
Exchanges

Goldman Sachs Tops Brokerage Firms in Saudi Market Last Month

  • HSBC Saudi Arabia also moved up to second place, accounting for 9.4 percent of total trading in May.
Monday, 10/06/2019 | 20:03 GMT by Aziz Abdel-Qader
Analysis

INTL FCStone Launches PB, EU's New AML Rules: Editor's Pick

  • Keep up to date with the most interesting and top stories in the crypto or FX space.
Sunday, 28/04/2019 | 12:39 GMT by Finance Magnates Staff
Brokers

Breaking: Saudi Arabia Issues First License for Forex Trading

  • The Kingdom of Saudi Arabia is the newest regulatory destination in the MENA region
Friday, 26/04/2019 | 12:39 GMT by Victor Golovtchenko
Retail FX

Saudi Arabia Threatens to Ditch USD Oil Trades if NOPEC Passes

  • Should Saudi Arabia carry out its threat, the foreign exchange industry could change as we know it.
Friday, 05/04/2019 | 06:32 GMT by Celeste Skinner
Analysis

As GCC Countries Move Away From Oil, the FX Industry Grows

  • The region shows a lot of promise, and as knowledge of the FX industry grows, so will trading.
Thursday, 14/03/2019 | 08:56 GMT by Celeste Skinner
News

Saudi Arabia and the UAE Central Banks to Create Joint Token

  • Details are still being worked out, but the token will not be for use by the general public.
Wednesday, 12/12/2018 | 14:01 GMT by Simon Golstein
Innovation

Saudi Arabia to Launch Cryptocurrency Next Year

  • Only for bank payments, the new coin is being created in conjunction with the UAE.
Thursday, 22/11/2018 | 09:11 GMT by David Kimberley
Analysis

Major New Ripple Partnerships, Google Turns on FX: Best of the Week

  • Catch up on last week's top stories.
Sunday, 23/09/2018 | 12:50 GMT by Simon Golstein
News

Major Saudi Bank to Begin Using RippleNet This Year

  • The National Commercial Bank will connect with institutions in Asia and North America, beginning in Singapore.
Sunday, 16/09/2018 | 13:53 GMT by Simon Golstein
News

HitBTC User Rallying Support for Class-Action Suit

  • According to its users, HitBTC has a major problem with giving people their money back.
Monday, 06/08/2018 | 13:51 GMT by Simon Golstein
Regulation

XTB Warns of Scammers Representing Brokerage in Saudi Arabia

  • XTB Ltd maintains no format partnership with any 3rd party company in Saudi Arabia or the Middle East
Tuesday, 10/07/2018 | 10:14 GMT by Jeff Patterson
Brokers

Q8Trade Extends Sponsorship Deal with Kuwait Team Al-Qadsia Through 2019

  • Q8 Trade builds on its parent’s extensive experience to understand the region’s client base and trading styles.
Thursday, 05/07/2018 | 19:47 GMT by Aziz Abdel-Qader
Exchanges

NASDAQ Dubai Launches Saudi Equity Futures

  • Investor will be able to trade equity futures in some of the country's largest industries
Monday, 21/05/2018 | 10:23 GMT by David Kimberley
Exchanges

FTSE Russell Launches New Saudi Arabian Index

  • Part of Saudi Arabia's effort to open up its economy, the index will be matched with an ETF on the Abu Dhabi Securities Exchange
Tuesday, 15/05/2018 | 07:50 GMT by David Kimberley
Exchanges

Saudi Arabia Eases Entry Rules for Foreign Investors in Stock Market

  • Saudi Arabia’s reforms are part of Vision 2030, an economic reform plan ‎‎aimed at reducing dependence on oil.
Tuesday, 09/01/2018 | 20:56 GMT by Aziz Abdel-Qader
News

UAE-Saudi Central Banks Working Together to Develop a Cryptocurrency

  • Only banks will be allowed to use the cryptocurrency for cross-country payments.
Thursday, 14/12/2017 | 10:36 GMT by Arnab Shome
Prime Brokerage

Deutsche Bank Outlines New Wealth Management Strategy, Growing Staff by 25%

  • Deutsche Bank is doubling its focus on its wealth management unit, which will be aggressively hiring in the Middle East
Wednesday, 12/07/2017 | 10:13 GMT by Jeff Patterson
Executive Moves

Investcorp Bank Promotes Gabriel Aractingi to CEO of Saudi Arabian Business

  • The former Morgan Stanley banker Gabriel Aractingi has been promoted CEO of Investcorp's Saudi business.
Tuesday, 02/05/2017 | 09:26 GMT by Jeff Patterson
Executive Moves

Citigroup Taps Carmen Haddad as Head of its Saudi Arabian Unit

  • Carmen Haddad will head Citi's Saudi Arabian business, following its decade long absence from the country.
Monday, 17/04/2017 | 14:31 GMT by Jeff Patterson
Education Center

Blockchain Could Help the Middle East Leapfrog Into the Digital Age

  • "It’s a great chance to build a new financial infrastructure in the region."
Friday, 20/01/2017 | 11:27 GMT by Avi Mizrahi
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