Financial Times Surveyad
Middle East Banking / Industry Overview
Top Stories
Industry Overview
Islamic & Regional Banking
Profiles
FT.com Homepage

New era as easy days come to an end

OverviewAt the turn of the century, Riyadh, which was later to become the capital of Saudi Arabia, had neither a currency nor anything resembling a financial institution. A monetary system was established by King Abdulaziz in 1928 and official Saudi paper currency was issued only in 1961. The banking industry virtually moved from cash to credit cards, bypassing the cheque-book era....more

RETAIL BANKING
Cautious moves to meet growing consumer demand  Mar 16

CAPITAL MARKETS
Turbulence begins to take its toll  Mar 16


Related Links
ISRAEL
Bank of Israel
JORDAN
Central Bank of Jordan
KUWAIT
Central Bank of Kuwait
LEBANON
Central Bank of Lebanon
YEMEN
Central Bank of Yemen
MACEDONIA
National Bank of the Republic of Macedonia
FT.com Specials
Connectis
Energy & Utilities Review
FT Director
FT IT
FT Telecoms
[ Back to top ]

  © Copyright The Financial Times Limited 2000. "FT" and "Financial Times" are trademarks of The Financial Times.
Privacy Policy | Terms & Conditions.