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 […]
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 […]
Dubai, UAE — Foodics, a leading cloud-based technology provider for the food and beverage industry, is thrilled to announce a strategic integration partnership with Grubtech, a prominent player in digital solutions for restaurants and cloud kitchens. This collaboration, now available on the Foodics App Marketplace, aims to revolutionize the customer experience while empowering restaurant owners […]
Riyadh, Saudi Arabia – October 23, 2024 – Mastercard has announced the launch of a world-class technology infrastructure in Saudi Arabia, designed to enhance the processing of e-commerce transactions locally. This significant development promises to deliver a seamless and secure payment experience for Mastercard partners and consumers, supporting the Kingdom’s digital commerce acceleration. Under the […]
Riyadh, Saudi Arabia – The Saudi National Bank (SNB) has reported a 3.91% year-on-year (YoY) increase in net profit, reaching SAR 15.63 billion during the first nine months of 2024, compared to SAR 15.04 billion in the same period last year, according to the bank’s interim financial statements. Earnings per share (EPS) for the nine-month […]
Riyadh, Saudi Arabia – HALA Payments, a fintech leader in SME banking, has been inducted into the prestigious Saudi Unicorns Programme. Founded in 2018 by Esam Alnahdi and Maher Loubieh, HALA is on a mission to empower micro, small, and medium enterprises (MSMEs) and freelancers, enabling them to start, manage, and grow their businesses seamlessly. […]
Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) has announced the release of updated regulations for debt-based crowdfunding, marking a significant step forward in the Kingdom’s efforts to enhance its financial ecosystem and foster the growth of the FinTech industry. This latest move reflects SAMA’s commitment to regulating debt-based crowdfunding platforms while continuing to […]
October 17, 2024 | Dubai, United Arab Emirates: Mastercard has partnered with noon Payments, one of the leading payment service providers in the Middle East and North Africa (MENA), to bring its innovative Payment Passkey Service to the region. The service will initially launch in the United Arab Emirates (UAE), with plans for a broader […]
Riyadh, Saudi Arabia – In a strategic move to foster the development of national talent in the securities sector, the Financial Academy has signed a Memorandum of Understanding (MoU) with Al Rajhi Capital. This partnership aims to promote continuous professional training, develop leaders and professionals, and qualify fresh graduates in the industry. Through this collaboration, […]
Manama, Bahrain – Arab Financial Services (AFS), a leading digital payment solutions provider in the region, has announced a strategic partnership with Zand, the UAE’s first fully licensed all-digital bank. This collaboration aims to accelerate the growth of Fintechs and emerging financial players by providing them with access to AFS’s state-of-the-art payment processing services and […]