Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
CIFC Partners with Fundbot to Power Invoice Financing for Egyptian Businesses
Partnership enables faster SME payments and scalable digital lending infrastructure in Egypt Dubai, UAE – 29 September, 2025: CIFC, the non-bank financial institution (NBFI) subsidiary of CIB , has announced a strategic partnership with Fundbot, the fintech solution to launch a fully digital factoring and embedded lending platform in Egypt. This initiative highlights CIFC’s commitment […]
Knowledge Economic City Launches Final Phase of Al-Alyaa Residential Project with Attractive Investment Opportunities
Madinah, Saudi Arabia, 29 September 2025: Knowledge Economic City (KEC), listed on the Saudi Stock Exchange (Tadawul), is continuing the sales of Al-Alyaa Residential Project, one of its most prominent flagship developments, which has been witnessing strong demand in the real estate market due to its strategic location and promising investment opportunities. Spanning more than […]
Sustainable Development Impact Meetings 2025 – Fostering Collaboration for Shared Challenges and Sustainable Development
Over 1,000 leaders from business, government, international organizations, civil society, academia and the innovation community gathered to advance economic growth, responsible technology and sustainable development. Held alongside the UN General Assembly, the meetings served as a platform to strengthen collaboration, renew shared priorities and advance a more inclusive, resilient future. Discussions addressed urgent global challenges […]
DCO and Member States Unite through WE-Elevate to Advance Female-Led Enterprises in the Digital Economy
New York, United States, 24 September 2025: The Digital Cooperation Organization (DCO), the world’s first standalone international intergovernmental organization dedicated to accelerating inclusive and sustainable digital economies, announced the expansion of its WE-Elevate program across all Member States on the sidelines of the United Nations General Assembly (UNGA80) in New York. Developed by the DCO […]
Meedaf and InDebted form strategic partnership to transform debt resolution in the UAE
Abu Dhabi, UAE – 24 September 2025: Meedaf, the financial services platform established in ADGM to serve financial institutions across the GCC, has formed a strategic partnership with InDebted, the global leader in AI-powered collections infrastructure. The partnership will see Meedaf make an investment in InDebted’s UAE entity aimed at expanding its regional presence. By […]
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Qatar and Saudi Funds Launch Joint Initiative with UNDP to Sustain Public Services in Syria
New York, 24 September 2025 – On the sidelines of the 80th session of the United Nations General Assembly, Qatar Fund for Development (QFFD) and the Saudi Fund for Development (SFD), in partnership with the United Nations Development Programme (UNDP), have announced a landmark joint initiative to support the Syrian Arab Republic. Together QFFD and SFD are providing […]
Chief Economists Warn of Weak Growth as Economic Environment Shifts
New York, USA, 23 September 2025 – The global economy is entering a period of weak growth and systemic disruption, according to the World Economic Forum’s latest Chief Economists’ Outlook, published today. Some 72% of surveyed chief economists expect the global economy to weaken over the next year, amid intensifying trade disruption, rising policy uncertainty and accelerating […]
Devexperts Strengthens Middle East Presence with Week-Long Networking Program in Saudi Arabia
Saudi Arabia has become a focus market for the software developer, with several projects already underway. Bringing 20+ years of trading software development expertise, Devexperts will be launching a week-long networking program in the region this Autumn, including attendance at two major industry events.Riyadh – Devexperts, the software developer for the global capital markets industry, […]
Bupa Arabia Showcases Healthcare Innovation as Platinum Sponsor at Money 20/20
Supporting Digital and Financial Transformation in Healthcare Signing strategic partnerships to support the future of health insurance in the region Bupa Arabia for Cooperative Insurance participated as a Platinum Sponsor in the “Money 20/20 Middle East” Conference and Exhibition, the most prominent event in the field of financial technology in the Middle East, which was […]
Najm and Elm Sign a Partnership Agreement to Enhance Technological Systems and Data Exchange
Riyadh – September 21: Najm for Insurance Services has signed a cooperation agreement with Elm Company during its participation in the global Money20/20 Middle East conference, held in Riyadh from September 15 to 17. The agreement aims to establish a legal framework governing the relationship between the two companies in the areas of data exchange […]
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Social Development Bank Wins Best Financier for Women Entrepreneurs Award at the G20 Young Entrepreneurs’ Alliance Summit (G20 YEA)
For the Second Consecutive Year Johannesburg, September 18, 2025: The Social Development Bank has achieved another international milestone by winning the Best Financier for Women Entrepreneurs Award during its participation in the G20 Young Entrepreneurs’ Alliance (G20 YEA) Summit, hosted in Johannesburg, South Africa, from September 18 to 24, 2025. The summit brings together more […]
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 […]
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, […]