Banks in the GCC are turning to consolidation and financial technology (fintech) to help overcome the economic fallout from Covid-19 and the drop in global oil prices.
Quarantine measures have been extended in Egypt, deepening the impact of the coronavirus on businesses, and small and medium-sized enterprises (SMEs) in particular. The country’s banks are adapting to the crisis through increased digitalisation, but will this prove a lasting change?
Articles & Analysis | New regulatory guidance seeks to increase insurance uptake in Saudi Arabia from The Report: Saudi Arabia 2020
Saudi Arabia is home to the second-largest insurance market in the GCC, accounting for approximately 33.6% of the region’s gross written premium (GWP) in 2018. Much of the sector’s growth over recent years has been the result of government action: the Kingdom ranks joint-second in the GCC region in terms of the breadth of its mandatory...
Articles & Analysis | Cyberinsurance is poised for growth globally as risk of data theft increases from The Report: Saudi Arabia 2020
The threat of cybercrime has risen dramatically in recent years, and emerging markets are no exception. While the shift towards online platforms – along with the development of the internet of things, smart cities and blockchain technology – is generating significant opportunities for wealth creation and helping to raise efficiency, it is also...
Articles & Analysis | Diverse offerings and improved regulations support alternative investments in Saudi Arabia from The Report: Saudi Arabia 2020
Investment in alternative assets is taking place across an increasingly diverse array of financial instruments in Saudi Arabia. The Kingdom is a regional leader in mutual fund activity, with the deepest and most varied investment pool in the GCC. A large number of highnet-worth individuals and family offices, meanwhile, makes private equity (...
Interviews & Viewpoints | Khalid Al Hussan, CEO, Saudi Stock Exchange (Tadawul): Interview from The Report: Saudi Arabia 2020
In terms of trade volumes, how has Saudi Aramco’s initial public offering (IPO) affected the market?