AmwalPay has announced a strategic partnership with Bank Nizwa, reflecting a broader shift in how banks approach the enablement of digital payment services within the Sultanate of Oman. Under this partnership, AmwalPay enables Bank Nizwa to offer digital payment services to its merchants under the bank’s own brand, identity, and commercial framework. Bank Nizwa retains […]
RIYADH — Investment Minister Khalid Al-Falih said Saudi Arabia has succeeded in attracting 20 of the world’s top 30 banks as part of efforts to expand the presence and activity of major global asset managers and international banks to support the Kingdom’s banking sector. Speaking during a Shoura Council session on Monday, Al-Falih announced that […]
RIYADH — Point-of-sale (POS) transactions in Saudi Arabia reached 255.361 million during the period from Dec. 28, 2025, to Jan. 3, 2026, with a total value of SR17.016 billion, up from SR13.028 billion recorded in the previous week, according to the Saudi Central Bank. The central bank’s weekly POS bulletin showed that the transport sector […]
Jeddah Airports Company has announced the launch of the “Airport View” application for personnel at King Abdulaziz International Airport, as part of its efforts to enhance coordination efficiency and unify performance monitoring through a smart digital platform that contributes to improving operational and service quality across the airport. The application serves as an integrated platform […]
Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, has announced a strategic partnership with Bunat Ventures Limited (Bunat VC) to launch a first-of-its-kind venture fund focused on artificial intelligence (AI)-driven startups in the Kingdom of Saudi Arabia. The AI Venture Fund will invest in early- and growth-stage startups […]
The Capital Market Authority (CMA) announces the opening of the capital market to all categories of foreign investors and enabling them to invest directly therein as of 1 February 2026, following the CMA Board’s approval of the regulatory framework allowing non-resident foreign investors to invest directly in the Main Market. Accordingly, the capital market, across […]
Riyadh, Saudi Arabia — Aamar, a real estate technology platform focused on automating and managing rental processes, has announced the successful closing of its seed investment round, raising more than $4 million. The round saw participation from Aqar App, Rzm Investment, Al Majdiah Investment, Blom Invest, along with a group of angel investors. Founded at […]
The platform continued its rapid momentum, surpassing seven million users in under a year and scaling further to over 10mln users within 17 months of operation. RIYADH – barq has cemented its position as the fastest-growing digital wallet in the region by download and usage rates, achieving record-breaking adoption milestones within an unprecedented timeframe. Since […]
Riyadh — Sahm Capital‘s in-app investor community has reached 6,000 weekly contributors within three months of its official launch, establishing itself as Saudi Arabia’s most active digital platform for market discussion and investor engagement. Launched in September 2025, Sahm Community is the first investor online community integrated directly into a CMA-licensed brokerage app in the Kingdom. […]
Riyadh: Saudi Venture Capital Company (SVC) announced that Saudi Arabia’s venture capital ecosystem achieved two historic leaps in 2025, in terms of total investment value and number of transactions, further reinforcing the Kingdom’s position as the leading venture capital market in the Middle East for the third consecutive year. This performance reflects the tangible impact of […]