Saudi Arabia

America has "lost its leverage" in the world: it is no longer independent

December 3, 2010 - 1:37pm | Analytics | News

Thomas Friedman, foreign affairs columnist at The New York Times, talking to the CNBC noted that the United States has "lost its leverage" in the world because of its dependence on the Middle East and China.

“Our challenge right now is that we have to cut here in order to invest there—That is the discussion we should be having,” Friedman told CNBC in a live interview. “We need a strategy to make America great again.”

America | energy dependence | leverage | Saudi Arabia | United States

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First Data announces successful launch of Riyad Bank's Hassad rewards programme

January 27, 2010 - 10:07am | News | Payment systems

Wednesday, First Data together with Riyad Bank, was delighted to announce the successful launch of a new credit card reward programme for customers of the leading financial institution in Saudi Arabia.

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MoneyGram and National Commercial Bank launch global money transfer network

June 30, 2009 - 2:26pm | News | Payment systems

MoneyGram International, a leading global money transfer company, and National Commercial Bank (NCB), the largest bank in the Middle East, announced today an agreement to offer MoneyGram’s international money transfer service at NCB’s 1,400 ATM locations, creating one of the largest money transfer networks in Saudi Arabia.

money transfer | MoneyGram | National Commercial Bank | Saudi Arabia

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Saudi Alinma Bank preparing to launch soon

January 11, 2009 - 11:55pm | Banks and internet banks | News

In the Kingdom of Saudi Arabia final preparations are being made by Alinma Bank for its launch by the end of the second quarter of 2009. As reported by Abdulaziz Al-Zamil, chairman of the board of directors of the bank, at the launch the bank will operate branches in Riyadh, Jeddah, Dammam, Jubail, Hofuf, Madinah, Taif and Khamis Mushayt. More branches distribution are expected to continue through 2009 and into the early part of 2010.

Alinma Bank | online banking | Saudi Arabia | Shariah

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Al-Rajhi Bank introducing more secure ATM transactions

January 7, 2009 - 6:14am | Banks and internet banks | News

In the Kingdom of Saudi Arabia Al-Rajhi Bank, the largest Islamic bank in the world in terms of market capitalization, is going to install new ATMs to accept chip-cards based on international standards. The project is initiated in association with Visa who provided the bank with all corresponding support.

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Haj pilgrims to Saudi Arabia to make e-payments

December 2, 2008 - 2:53am | News | Other themes

Pilgrims making annual Haj tour to the Kingdom of Saudi Arabia will be provided electronic payment system to eliminate long time queues when paying for Haj Companies’ fees at the United Agents Offices at the airport. This statement was made by Ibrahim Al-Assaf, Minister of Finance, after his inspection tour of the Haj terminal in King Abdul Aziz Airport here late Sunday night.

Electronic payment | Haj | Moslems | Saudi Arabia

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