Search Results for "fintech saudi"

Google Report: E-Commerce in Middle East Set For Strong Growth

E-commerce is set for strong growth in the Middle East and North Africa (MENA) region. The market was worth US$8.3 billion in 2017 and is expected to more than triple by 2022 to reach US$28.5 billion, according to a new

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UAE Leads the Digital Banking Scene in Middle East

A combination of changing consumer preferences, competition from fintech startups and changing regulations have been forcing banks around the world to develop their digital capabilities. In the Middle East and North Africa (MENA) region, banks are quickly rising to the

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FutureSec Summit Aims to Address Cyber Threats Facing the Banking Sector

Inadequate cyber security has long been a threat to the banking industry, costing the banks revenue losses and tarnished brand image. In the face of this growing concern, banks across KSA have been increasingly investing in technological advancements in order

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Middle East’s Digital Pioneers Honored

With more than 350 of the region’s most influential ICT leaders in attendance, the IDC Middle East CIO Summit 2019 closed last week with a ceremony to mark the second edition of the IDC CIO Excellence Awards. At a time

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MEFTECH Innovation Awards 2019 Shortlist Announced

H.E. Dr. Ahmed Abdulkarim Alkholifey, the Governor of Saudi Arabia Monetary Authority (SAMA) will officially open MEFTECH, on 24th February 2019, 9:00 am at the Four Seasons Hotel, Riyadh presenting the opening speech at the leading two-day banking, Fintech and

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It’s Crypto-Winter, but Here’s Why One of Dubai’s Royalty Bets on This Crypto Fund

Sheikh Saeed Al Maktoum’s The Private Office has been on the hunt for a blockchain investment as part of the Emirates Blockchain Strategy 2021, and the company has finally landed on a recipient—Liechtenstein-based Invao, that will serve as an exclusive

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5 of The Best Funded Startups in The UAE Right Now

The pinpricks of a vibrant startup scene in the middle east have begun to emerge. Despite known problems on the SME loan front in UAE, the MENA region still managed to cultivate 366 deals amounting to US$893 million of total

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“Aber” Project, The Common Digital Currency Between SAMA and UAECB

The Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) clarified in a joint statement that one of the objectives of launching the common digital currency project ” Aber” is for use in financial settlements between the

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Where to Buy Cryptocurrencies in the UAE

Since the launch of the Bitcoin network in 2009, cryptocurrencies have evolved into a multi-billion-dollar industry. With around 12,000 exchange marketplaces where cryptocurrencies such as bitcoin, ether and others are traded, according to cybersecurity company Carbon Black, the cryptocurrency market

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Kuwait Bank is Using Ripple for Immediate Cross-Border Transactions

National Bank of Kuwait (NBK) continues to offer the latest technological solutions in the sector of money transfers and has become the first financial institution in the country to launch the “NBK Direct Remit” for cross-border live payments which uses

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