The Public Investment Fund also sold its stakes in Alibaba Group, Nu Holdings and FedEx. BANGALORE/DUBAI: Saudi Arabia’s almost $1 trillion sovereign wealth fund sold its stakes in several U.S.-listed companies – including Meta, Shopify and PayPal – in the second quarter, according to securities filings released on Thursday. The Public Investment Fund also sold […]
Riyadh, Saudi Arabia — August 8, 2025 — Flooss, a leading digital lending platform, has officially secured its operating license from the Saudi Central Bank (SAMA), marking a significant regulatory milestone in its journey to redefine financial access across the Kingdom and the wider GCC region. The license paves the way for Flooss to expand […]
Among the first to receive the UAE Central Bank’s Open Finance IPA Lean is helping shape a new era of connected financial services, enabling faster payments, broader access to credit, and greater inclusion across the UAE Over $2B processed to date through 1M+ connected accounts Dubai, UAE – Lean Technologies (Lean), the MENA region’s leading financial […]
RIYADH, SAUDI ARABIA: Apple announced the expansion of Apple Retail into the Kingdom of Saudi Arabia with the launch of the Apple Store online and Apple Store app, introducing support directly from Apple in Arabic for the very first time. The arrival of the online store marks a new era for customers in Saudi Arabia, […]
Till July 21, 2025: Applications are open for the chance to secure funding, mentorship, and national exposure. Three winners will be awarded a share of USD 60,000 in equity-free grants Haya Sawan, one of Saudi Arabia’s leading fitness experts and a prominent wellness entrepreneur, joins as the program’s mentor Riyadh, Saudi Arabia: Visa (NYSE: V), a […]
Bookme is a Pakistani e-ticketing platform that offers online tickets for movies, events, flights and hotels Bookme founder eyes expansion further into Middle East, African countries after gaining foothold in Kingdom ISLAMABAD: The founder of Pakistani e-ticketing platform Bookme said this week the company expects to generate $20 million annually from its expansion into Saudi […]
The partnership comes at a time when consumers are increasingly seeking payment methods that deliver both flexibility and transparency. Seamless integration of Tamara will enable businesses in the UAE and KSA to provide flexible payment options, generate broader customer reach, and enhance customer conversion rates Merchants in the Amazon Payment Services network now have even […]
This recognition showcases KAFD’s commitment to setting new benchmarks in urban development. Riyadh—The King Abdullah Financial District Development and Management Company (KAFD DMC) announced that it was awarded a Guinness World Record for the world’s largest continuous pedestrian skyway network. This recognition showcases KAFD’s commitment to setting new benchmarks in urban development and its commitment […]
OMAHA, Neb. & RIYADH, Saudi Arabia- ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, today announced that iNet, the first independent Saudi Central Bank-licensed Network Service Provider (NSP), has joined ACI’s Retail Payment Solutions (RPS) for Postilion program to support the Kingdom’s rapidly growing fintech sector. Under this partnership, iNet will deploy and […]
Tesla today, announces the opening of its first Center in Riyadh, Saudi Arabia, located on Takhassousi Rd. This reflects the Kingdom of Saudi Arabia’s growing demand for electric vehicles and its commitment to sustainable transportation, in line with Saudi Vision 2030. On Thursday, June 26, the Tesla Center in Riyadh officially opens to the public. With […]