SNB Group Launches the First World Legend Mastercard in the Middle East and North Africa (MENA) Region

SNB Group Launches the First World Legend Mastercard in the Middle East and North Africa (MENA) Region

Riyadh, Saudi Arabia; SNB Group, in collaboration with Mastercard, today announced the launch of the SNB World Legend Mastercard, becoming the first financial institution in the Middle East and North Africa to to offer Mastercard’s most prestigious card tier to its Private Banking clients. The launch reflects SNB Group’s continued commitment to delivering innovative banking solutions and […]

barq and Riyadh Air ink strategic partnership to support the airlines payment technology development

barq and Riyadh Air ink strategic partnership to support the airlines payment technology development

Riyadh, Saudi Arabia, August 13th, 2026: barq and Riyadh Air have signed a strategic agreement to develop a comprehensive payment technology solution for the airline. The long-term partnership will support Riyadh Air’s commercial operations through an integrated, secure, and scalable payments ecosystem. Under the agreement, barq will support Riyadh Air in developing payment capabilities across the […]

SAB Invest launches Global Select Equity Fund to Provide Investors with Access to Global Growth Opportunities

SAB Invest launches Global Select Equity Fund to Provide Investors with Access to Global Growth Opportunities

Active investment strategy focused on long-term structural growth themes, including artificial intelligence, cloud computing and next-generation technologies Riyadh, Kingdom of Saudi Arabia– SAB Invest announced the launch of the SAB Invest Global Select Equity Fund, a new open-ended, Shariah-compliant public fund designed to provide investors with access to a concentrated portfolio of exceptional global companies expected […]

Saudi Arabia Drives IBS Growth as the Middle East’s #1 Provider of Remittance & Exchange Kiosks and Telecom SSM, Generating Millions of Monthly Transactions

Saudi Arabia Drives IBS Growth as the Middle East’s #1 Provider of Remittance & Exchange Kiosks and Telecom SSM, Generating Millions of Monthly Transactions

Infinite Business Solutions (IBS), the Dubai-headquartered FinTech company founded by Jordanian entrepreneurs Ibrahim Darraz and Mohammad Al-Azzeh, continues to strengthen its position as one of the region’s leading digital transformation enablers, powering millions of secure transactions every month across more than 10 countries throughout the Middle East and Africa. With Saudi Arabia representing its largest […]

Saudi Arabia POS Spending Surges 33% to SR16.31 Billion in One Week

Saudi Arabia POS Spending Surges 33% to SR16.31 Billion in One Week

Riyadh, Saudi Arabia: Point-of-sale (POS) spending in Saudi Arabia surged approximately 33 percent week on week to SR16.31 billion during the period from July 26 to August 1, 2026, reflecting continued growth in consumer spending and digital payment activity across the Kingdom. According to the latest weekly POS bulletin from the Saudi Central Bank (SAMA), […]

Saudi Tourism Authority and Mastercard Partner to Boost Global Tourism to Saudi Arabia

Saudi Tourism Authority and Mastercard Partner to Boost Global Tourism to Saudi Arabia

Riyadh, Saudi Arabia: The Saudi Tourism Authority (STA) has signed a Memorandum of Understanding (MoU) with Mastercard to strengthen Saudi Arabia’s position as a leading global tourism destination through joint international marketing campaigns, data-driven insights, and technology-enabled visitor experiences. The partnership will focus on attracting international travellers from key priority markets, supporting the Kingdom’s ambition […]

Brookfield Raises $2 Billion in First Close of Middle East Fund Backed by PIF

Brookfield Raises $2 Billion in First Close of Middle East Fund Backed by PIF

Fund aims to target investments across a range of sectors including financial, business and consumer services, industrials, technology and healthcare PIF’s investment in the fund aligns with its strategy to maximize returns and deliver long-term value through global partnerships In line with its 2026-2030 strategy, PIF continues to attract capital inflow Brookfield today announced the […]

The "Don't Invest in Summer" Rule Is Wrong. Here's What 50 Years of Data Actually Shows.

The “Don’t Invest in Summer” Rule Is Wrong. Here’s What 50 Years of Data Actually Shows.

The oldest myth in investing meets the UAE’s lowest-cost entry point of the year. The UAE summer has a rhythm. The heat clears the calendar. Evenings stretch out. The relentless pace of the year quietly pauses and for the first time in months, there’s actually time to think. For a lot of people, that means […]

Riyadh Air Launches RX Pay: Its New Branded Card That Rewards Guests Everywhere They Go

Riyadh Air Launches RX Pay: Its New Branded Card That Rewards Guests Everywhere They Go

Created with Mastercard and issued through leading Saudi banks, RX Pay is Riyadh Air’s own card – a new way to pay, earn, and travel, designed entirely around its guests Rewards that go beyond the airline: use RX Pay wherever Mastercard is accepted and turn everyday spending into the next journey with Sfeer Points With […]

Fintech News Media, People First & KOT Enterprises Sign Strategic Joint Venture to Accelerate Fintech Intelligence, Media & Technology Collaboration

Fintech News Media, People First & KOT Enterprises Sign Strategic Joint Venture to Accelerate Fintech Intelligence, Media & Technology Collaboration

Lahore, Pakistan | July 22, 2026 Fintech News Media, People First (Private) Limited, and KOT Enterprises have officially signed a Strategic Joint Venture Agreement (MoU), marking the beginning of a collaborative partnership focused on advancing Pakistan’s fintech ecosystem through innovation, technology, media, business development, and knowledge-sharing initiatives. The partnership brings together three independent organizations, each contributing its unique expertise […]