By Mesbah Sharaf, Abdelhalem Shahen & Mansour Alharaib Saudi Arabia has made major progress in digital finance over the past decade. Access to formal financial services has expanded, digital payments have become more common, and the financial system has moved rapidly toward a more connected and technology-driven model. This is an important success story. But […]
Strategic investment accelerates AI-powered verification and deepfake detection across Saudi Arabia and the wider Middle East, supporting responsible AI adoption and strengthening digital trust. Santa Clara, USA & Dhahran, Saudi Arabia – Wa’ed Ventures, the $500 million venture capital fund under Saudi Aramco, today announced a strategic investment in Resemble AI, a leading security company based out of California […]
Infobrim, a Saudi AI startup and AI-powered business intelligence platform headquartered in Riyadh, has secured its first strategic angel funding, valuing the funding at $3.5 million as it accelerates its SaaS growth trajectory and reshapes how enterprises turn raw data into decisions. RIYADH, Saudi Arabia — Infobrim has closed its inaugural angel funding round at a […]
Riyadh, Saudi Arabia – Following its record-breaking USD $30 million Series B funding round in 2025, the largest AI investment at the time in MENA, Lucidya, the AI-native Customer Experience Management (CXM) platform, announced the launch of its Enterprise AI Agent platform as a key factor of its strategic growth plan for 2026, centered on continued […]
Riyadh, Kingdom of Saudi Arabia – Riyad Capital, a leading fully-fledged investment manager in the Kingdom of Saudi Arabia, announces the launch of the Riyad Healthcare Equity Fund, a public open-ended fund that is Shariah-compliant and aims to achieve capital growth over the medium to long term through investing in shares of healthcare companies listed on […]
Dubai, UAE – March 9 – ZagTrader, a global financial technology company powering institutional and digital market infrastructure, today announced an expanded connectivity capability that enables crypto exchanges to access institutional crypto order flow through Bloomberg EMSX, one of the most widely used execution management environments in global capital markets. With this capability, ZagTrader enables […]
Riyadh: Saudi Arabia-based fintech startup Muhlah has successfully closed a SAR 28.25 million (approximately $7.5 million) Seed investment round to accelerate the growth of its Shariah-compliant consumer microfinance platform. The round was led by BIM Ventures and Japan’s SBI Holdings, with participation from Al Suhaimi Holding Group and Fakhr Investment Holding Company. The investment will […]
Riyadh, Saudi Arabia – Global AI-first cloud communications platform Infobip announced the opening of its new data centre in Saudi Arabia, reinforcing its long-term commitment to the Kingdom’s fast-growing digital economy and positioning Infobip as a trusted partner for enterprises and government organisations requiring strict data sovereignty, security and regulatory compliance. Enterprises across Saudi Arabia […]
The next phase leverages advanced LLMs and low-latency network intelligence to deliver seamless, cross-language voice communication. Riyadh – Kingdom of Saudi Arabia – stc group, Saudi Arabia’s leading digital enabler, has rolled out phase two of the ‘New Calling’ initiative with a pilot launch that enables real-time Arabic–English translation during voice calls. Powered by an advanced […]
Saudi-based chip design startup Rimal Semiconductors has secured a bridge funding round from Keheilan Asset Management and an undisclosed regional investor to accelerate the expansion of its chip design operations and strengthen global partnerships. The funding amount was not disclosed. Founded in 2025 by Houssam Salem, Rimal operates under a fabless semiconductor model, focusing on […]