Riyad Bank’s digital innovation branch, Jeel, has announced a collaboration with Google Cloud to enhance digital services in Saudi Arabia.…
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PayTabs Group, a Riaydh-based payment orchestration company, has acquired a majority stake in PayTabs Egypt, reinforcing its presence in the…
Saudi Venture Capital (SVC) has announced its investment in the Artal Growth Opportunities Fund, a closed-ended private equity fund regulated…
The Saudi Central Bank (SAMA) has officially granted a license to Tamara Finance, enabling the company to provide consumer finance…
Uber has released the findings of its Economic Impact Report for the Kingdom of Saudi Arabia, outlining the company’s contribution…
Telr, a Dubai-based payment gateway, has partnered with Bank AlJazira, a Saudi Arabian financial institution, to enhance digital payment solutions…
Palm Ventures, a VC firm based in Riyadh, has announced the initial close of Palm Ventures Fund I, a US$30…
IBM and Alinma Bank have announced that Alinma Bank, a financial institution in Saudi Arabia, has adopted IBM’s hybrid cloud…
MongoDB, a US-based database company, has announced plans to expand its presence in the Middle East following five years of…
In Saudi Arabia, generative artificial intelligence (genAI) has the potential to elevate the country’s gross domestic product (GDP) by approximately…
On the sidelines of LEAP 2025, Microsoft Arabia and the National IT Academy (NITA) have announced the establishment of the…
Salesforce has announced a US$500 million investment in Saudi Arabia to support innovation and economic growth. The funding will focus…
RasMal, a cap table management and investment governance platform in the MENA region, has closed its Pre-Series A funding round,…
Ant International has opened an office in Al-Olaya, Riyadh, after receiving certification as a Payment Technical Service Provider (PTSP) from…
Saudi Arabia’s banking sector is undergoing to profound transformation, driven by the rise of new digital players. In recent months,…
Egypt-based fintech company Khazna has secured US$16 million in a pre-Series B funding round to support its growth, with plans…
Lendo, a debt crowdfunding platform in Saudi Arabia, has secured a US$690 million (SAR 2.6 billion) warehouse facility led by…
The Saudi Central Bank (SAMA) has granted STC Bank, a licensed digital bank, approval to commence its banking operations within…
In 2024, the fintech industry in the United Arab Emirates (UAE) witnessed remarkable growth, driven by an increase in cashless…
The Saudi Central Bank (SAMA) announced the launch of “Samsung Pay” through the national payment system “mada” in Saudi Arabia.…