Salah Khashoggi is an expert in investment and financial management for more than fifteen years. He founded Tamra Capital with the aim of facilitating investment for everyone, and he is the author of many articles in the financial field. Khashoggi began his talk by refuting the dream of getting rid of banks, as he believes in the necessity of their existence and the need for development. He predicts that their role will change to take over financing companies and major projects such as “Neom” and “Qiddiya”, while “financial technology” (Fintech) companies will provide services to the individual sector. He also believes that the merger of banks will enhance a larger space for lending and reduce costs, thus more investment opportunities and greater benefit for companies. Khashoggi stresses our need for specialized banks that focus their work on a specific field, unlike comprehensive banks that provide all services to their customers from the individual sector to large projects. Khashoggi then referred to a statistic that indicates that the percentage of individual savings in Saudi Arabia from their income before the pandemic reached only 1.6%, which makes us one of the least saving peoples in the world. This is due to many reasons such as the high consumer culture and dependency; in order for a person to plan properly, income should be divided into 50% to cover basic needs such as housing, education, etc., and 30% for luxuries, and 20% of the salary should be saved in a diversified and balanced portfolio. His talk also included the role of cryptocurrencies, and the technologies that will shape the modern world, meaning blockchain technology, genetic science, etc., as well as what precautions an individual should take to combat these changes and their resulting consequences. Suggest a guest or topic you would like to hear on Fnjan: https://thmanyah.com/fnjan_guest/ Episode Topics: 00:00 The beginning 02:43 The future of Bitcoin 07:40 The establishment of Tamra 09:21 The role of the banking sector in Saudi Arabia 18:32 The future of STC Pay in the banking sector 20:28 Bank mergers in Saudi Arabia 34:39 Retirement planning and savings 01:06:33 The balanced diversified portfolio 01:13:39 Investing in emergency funds 01:20:43 Investing in stocks is less risky than real estate 01:24:43 The illusion of a lifetime home 01:32:48 Consumption, saving and investment 01:39:00 The new economic system 01:50:52 Technologies that will change the face of the world Links: @salahkhashoggi — Salah’s Twitter account / salahkhashoggi Saudi savings statistics — KPMG https://assets.kpmg/content/dam/kpmg/... What will the global economy look like in the future? With Mazen Al-Sudairy https://thmanyah.com/podcasts/fnjan/216/ Reforming the Gulf economy? With Abdullah Al-Rabdi https://thmanyah.com/podcasts/fnjan/185/ The impact of the Corona crisis on the Gulf economy? With Abdullah Al-Saloum https://thmanyah.com/podcasts/fnjan/179/ Episode 221 of the Fنجان podcast, with Salah Khashoggi. You can listen to the episode through podcast applications on your mobile phone. We recommend listening to the podcast via the Apple Podcasts app on iPhone, and the Google Podcasts app on Android. We would love to know your opinion about the episodes, and your rating of the podcast on (Apple Podcast). Specialized newsletters on the most important current topics from technology, economics, and the environment. Subscribe to Thamanyah newsletters now! https://thmanyah.link/be0bea