Talat Zaki Hafiz

Latest published

Saudi payment systems: The new era of the ‘cashless’ society

For more than two decades, the Saudi Arabian Monetary Authority (SAMA) has striven to encourage electronic payments and settlements in order to reduce over-reliance on cash.

February 10, 2019

2019 budget: Reforms and record expenditure

On Dec. 18, Saudi Arabia announced its 2019 fiscal budget, with record expenditure exceeding SR1 trillion ($266.5 billion). This shows remarkable progress in implementing various economic and social reforms in the four years since King Salman came to power.

December 23, 2018

The economic benefits of Saudi Arabian banking merger

In today’s complex economic and market environment, businesses — including financial institutions — have to cope with challenges in order to survive, prosper and protect their market share from falling.

November 11, 2018