Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
OpEx First KSA 2025 Unites Leaders Through Operational Excellence
Riyadh, Saudi Arabia: The inaugural OpEx First KSA 2025 Summit concluded in Riyadh with resounding success, uniting senior government officials, industry leaders, and global innovators to chart the next phase of Saudi Arabia’s transformation journey. As the Kingdom accelerates efforts to realize ambitions, the event served as the nation’s first dedicated platform for operational excellence, […]
Sustainable freight can deliver major CO₂ cuts across the GCC by 2035, says PwC Middle East report
19 September 2025; Riyadh, Kingdom of Saudi Arabia – PwC Middle East has published a new report titled ‘Driving change – the future of sustainable heavy-duty trucks in the Middle East’, exploring the potential for decarbonising the regional road freight sector and highlighting both opportunities and challenges of scaling zero-emission trucks. The report indicates that […]
STC Bank Wraps Up High-Impact Presence at Money20/20 Middle East with 8 Strategic Partnerships
Riyadh, Saudi Arabia – 20 September: STC Bank successfully concluded its participation as a founding partner in the Money20/20 Middle East conference held in Riyadh, reinforcing its position as the leading digital bank in the Kingdom and a key driver of fintech transformation across the region. Over the course of three days, STC Bank showcased […]
Vision Bank Receives Saudi Central Bank (SAMA) No Objection for Official Launch
Riyadh, Kingdom of Saudi Arabia – 17 September 2025: Vision Bank has received the “No Objection” from the Saudi Central Bank (SAMA) to commence its banking operations in the Kingdom, marking a significant milestone aimed at introducing the public to Vision Bank and its innovative financial services. This announcement underlines Vision Bank’s commitment to delivering […]
Hyundai Reveals Ambitious “2030 Vision” and Product Roadmap at 2025 CEO Investor Day
At the 2025 CEO Investor Day, Hyundai unveils its bold 2030 Vision: 5.55 million annual sales, 3.3 million electrified vehicles, new regional EVs, EREVs, SDV platform, and a KRW 77.3 trillion investment plan.
MoneyHash and Moyasar Announce Strategic Partnership in Saudi Arabia
MoneyHash the Middle East and Africa’s first and leading payment orchestration platform, and Moyasar, a Saudi fintech company licensed by the Central Bank of Saudi Arabia (SAMA), today announced a strategic partnership aimed at strengthening collaboration in Saudi Arabia’s fast-growing digital economy. Driving Innovation Through Strategic Alliances This partnership reflects the commitment of both companies […]
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Tuum Drives Bank CenterCredit’s Digital Transformation with BaaS and Core Banking Modernization
Dubai, UAE — 17th September 2025 – Tuum, the leading next-generation core banking provider, today announced it has been selected by Bank CenterCredit (BCC), Kazakhstan’s third-largest bank, to power its new Banking as a Service (BaaS) proposition. This landmark partnership establishes a strategic model for incumbent banks globally to innovate at speed, compete with digital […]
Comera Pay, Part of Abu Dhabi’s Royal Group, Secures Visa Principal Membership to Launch Multicurrency offering in the UAE
Abu Dhabi, United Arab Emirates, September, 16 2025: Comera Pay, licensed and regulated by the Central Bank of the UAE and part of Abu Dhabi’s Royal Group, announces that it has been granted Principal Membership by Visa, a world leader in digital payments. This achievement empowers Comera Pay to directly issue Visa Prepaid and Debit cards in the UAE, […]
Mastercard collaborates with HyperPay to transform the region’s business payments landscape
Mastercard and HyperPay will join forces to issue commercial cards in Saudi Arabia, the United Arab Emirates and Qatar Riyadh, Saudi Arabia, September 17, 2025 – Mastercard will collaborate with HyperPay, the leading payment gateway provider in the Middle East and North Africa (MENA), to accelerate the digital transformation of the Saudi commercial payments landscape. The […]
Paymentology and Enjaz Sign MOU to Advance Next-Generation Digital Payments in Saudi Arabia
Riyadh, Saudi Arabia 17 September – Paymentology, the leading global issuer-processor, has signed a Memorandum of Understanding (MOU) with Enjaz, one of Saudi Arabia’s most trusted providers of remittance and digital payment solutions. Together, the two companies are entering a partnership to advance next-generation digital payments in the Kingdom, bringing greater choice, speed, and customer-centric […]
SAR 6.5 Billion: Social Development Bank’s Financing Volume Since the Beginning of 2025
Riyadh – 16 September 2025 The Social Development Bank (SDB) held its third-quarter meeting for 2025, chaired by His Excellency Eng. Ahmed bin Sulaiman Al-Rajhi, Minister of Human Resources and Social Development and Chairman of the Bank’s Board of Directors, with the presence of the board members. The meeting discussed several topics on the agenda, […]
Madkhol Financial Launches “Ratibi+” to Boost Savings and Job Stability in Saudi Arabia
Madkhol Financial, a CMA-licensed platform specializing in robo-advisory investment solutions, announced the launch of its new program “Ratibi+” during its participation at Money 20/20, one of the world’s leading fintech events. The program is designed to combine savings with investment to strengthen employee loyalty and create a more stable work environment. An Innovative Financial Program […]
Riyadh Welcomes Over 38,500 Attendees at the Region’s Biggest Fintech Event Money20/20 Middle East
Riyadh, Saudi Arabia – 17 September 2025 – Money20/20 Middle East in Riyadh welcomed global leaders in fintech, banking, investment, and digital innovation, drawing more than 38,500 attendees, the largest fintech event regionally. This year’s gathering convened more than 450 global fintech brands, alongside more than 1,050 investors. Global brand participation surged 207% from last year at […]
Paymentology Expands in Saudi Arabia to Power Next-Gen Fintech Growth
At Money 20/20 Riyadh, Paymentology CEO Jeff Parker discusses Saudi expansion, AI in fraud prevention, and fintech opportunities under Vision 2030.
NextEra, Backed by LTIMindtree, Announces Partnership with ServiceNow to Accelerate Digital Transformation in the Middle East
RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– NextEra, a joint venture between LTIMindtree and Aramco Digital, has entered a partnership with ServiceNow, the AI platform for digital transformation, to drive large-scale digital transformation across the Kingdom of Saudi Arabia and the broader MENA region. As a part of this partnership, NextEra will set up a proximity center at Imam Abdulrahman […]
RA International Brings Compostable Plastic Alternative to the GCC in Partnership with Gaia Biomaterials
Dubai, UAE, 16 September 2025: RA International has signed a distribution agreement with Sweden’s Gaia Biomaterials to introduce Biodolomer®, a compostable material invented and produced in Sweden, to the GCC region. The partnership marks RA International’s first move into the sustainable packaging sector, driven by urgent environmental challenges. The GCC consumes large volumes of single-use […]
Money20/20 MiddleEast opens in Riyadh with major announcements redefining the fintech sector
Riyadh, Saudi Arabia – 15 September 2025 – Money20/20 MiddleEast officially opened today at the Riyadh Exhibition and Convention Center, Malham, marking a historic moment for the global and regional financial technology sector. With more than 450 global and regional fintech brands, and 1,050+ investors from around the globe, the event is the largest and […]
HALA Raises $157M in Landmark Series B Round Led by TPG and Sanabil
Saudi fintech HALA raises $157M in one of the Middle East’s largest Series B rounds, led by TPG’s Rise Fund and Sanabil Investments, to expand financial services for SMEs and support Vision 2030.
CASHPLUS Partners with PayPal to Simplify Withdrawals and Global Shopping for Morocco’s Digital Generation
Dubai, UAE, September 15, 2025 – CASHPLUS, a leading Moroccan fintech and financial services provider, today announced a strategic partnership with PayPal, the global digital payments platform. The collaboration introduces a faster, simpler, and fully digital solution for Moroccan users to withdraw their PayPal funds in local currency. Through the partnership, PayPal users in Morocco […]
Mercedes-AMG PETRONAS F1 Team Shifts into High Gear with SAP Cloud ERP, Driving Precision and Performance
SAP NEWSBYTE — September 15, 2025 — SAP SE (NYSE: SAP) has announced that the Mercedes-AMG PETRONAS F1Team is leveraging SAP’s intelligent enterprise solutions to drive operational excellence, innovation, and regulatory compliance as the sport prepares for the new 2026 FIA Financial Regulations. With the 2026 cost cap set to increase to $215 million to […]
Saudi Finance Minister Opens Money20/20 Middle East in Riyadh
Saudi Finance Minister Mohammed Al-Jadaan opens Money20/20 Middle East in Riyadh, gathering global leaders managing $7 trillion in assets to discuss the future of finance, fintech, and Saudi Vision 2030.
SAMA Approves Vision Bank to Launch Digital Banking Operations in Saudi Arabia
The Saudi Central Bank (SAMA) grants approval for Vision Bank to begin operations in Saudi Arabia, reinforcing financial stability, competition, and Vision 2030 goals for digital economy and financial inclusion.