CAIRO: Fintech experts believe Saudi Arabia is positioned to lead the regional landscape in decentralized finance, and also solve some challenges on the horizon. With active support from the Saudi Central Bank, also known as SAMA, and initiatives like Vision 2030, the Kingdom is creating an ideal environment for solutions to so-called DeFi to flourish. […]
Riyadh, Saudi Arabia – In a landmark move to advance economic growth and foster innovation in the lending sector, Mastercard has signed a strategic partnership agreement with Nama United Financing Company during the Seamless Middle East & Saudi Arabia event. This collaboration is set to drive the adoption of digital payments in Saudi Arabia, furthering […]
Riyadh, Saudi Arabia — October 2024 — In a significant development for the region’s investment sector, BIM Ventures and Japan-based SBI Holding have announced the launch of BIM Capital, a pioneering joint venture focused on harnessing growth opportunities across Saudi Arabia and the wider Middle East. The announcement took place at the Future Investment Initiative […]
RIYADH — Saudi Arabia’s Public Investment Fund (PIF) and Google Cloud have signed a landmark strategic partnership to establish a global artificial intelligence (AI) hub in Dammam, located in the Eastern Province. Announced during the 8th Future Investment Initiative (FII8), this collaboration aims to position Saudi Arabia as a premier destination for AI innovation, serving […]
In a strategic acquisition, Ayen, the Riyadh-based real estate inspection platform, has acquired the Cairo-based construction technology (contech) startup Elmawkaa in a seven-figure deal. This milestone positions Ayen to expand its portfolio of services, enhancing its market reach and solidifying its presence in the regional real estate and construction sectors. Ayen’s Founder and CEO, Ali […]
Riyadh, October 2024 – Beta Lab, a deep tech fund and innovation studio, has launched a groundbreaking USD 300 million fund at the Future Investment Initiative (FII) 2024. Designed to stimulate cross-border innovation, this fund aims to bridge the Middle East and Southeast Asia, empowering technology-driven startups to expand into high-growth markets and tackle global […]
Riyadh, Saudi Arabia — Saudi-based PropTech platform ARK has successfully raised $1 million in a pre-seed funding round led by Core Vision Investment. This fresh capital is set to bolster Ark’s capabilities in Saudi Arabia’s dynamic real estate market, positioning the platform to deliver innovative, Shariah-compliant investment solutions that meet growing demand. Founded in 2023 […]
Riyadh, Saudi Arabia – Wa’ed Ventures, the $500 million venture capital arm of Aramco, has announced a $100 million commitment to early-stage artificial intelligence (AI) investments, reinforcing Saudi Arabia’s ambition to establish itself as a global leader in AI. This significant move aligns with the Kingdom’s broader vision to position AI as a key economic […]
Riyadh, Saudi Arabia — Adaverse, a leading Web3 and blockchain fund based in Saudi Arabia, has announced a strategic investment in Tharawat Green Exchange (TGE), an innovative startup dedicated to supporting environmental sustainability through Web3 technology. This investment aligns with Saudi Vision 2030, a national initiative focused on environmental sustainability and economic diversification. Addressing Climate […]
Riyadh, Saudi Arabia – October 28, 2024 – Visa, a global leader in digital payments, has marked its 40th year of operations in Saudi Arabia with the opening of an advanced Innovation Center and new regional office in Riyadh’s prestigious King Abdullah Financial District (KAFD). This significant expansion aligns with Visa’s mission to support Saudi […]