Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Yango Tech and Retail Leaders Al Sadhan and SPAR to Innovate Saudi Retail Landscape
Riyadh, Saudi Arabia – 16th September 2024 – Yango Tech, one of the leading providers of proprietary e-commerce technologies and part of the global tech company Yango Group, has forged a strategic partnership with Al Sadhan and SPAR at the GAIN (Global AI Now, Next, Never) Summit in Saudi Arabia. This collaboration marks a pivotal moment in advancing […]
Saudi Innovation Revolutionizes Umrah Experience for Millions of Pilgrims
In a groundbreaking move, Saudi Arabia has again demonstrated its commitment to innovation and inclusivity in religious pilgrimage. UmrahCash, a Riyadh-based fintech startup, has secured a $500,000 investment from Venture Fund Adaverse. This development marks a significant step towards modernizing the centuries-old Umrah tradition and addressing the financial challenges pilgrims face, particularly those from developing nations. […]
SingleView Unveils Innovative Open Banking Solutions and Strategic Partnerships at 24Fintech
September 16th , 2024, Riyadh – SingleView, a leading fintech company in open banking and B2B services, unveiled its innovative solutions during its participation in the “24Fintech” conference and exhibition, held at the Riyadh Exhibition and Convention Center from September 3 to 5. The showcased its latest digital-led banking innovations for retail and corporates, further strengthening its pivotal role […]
Discover Innovation: Social Development Bank Unveils FintechHub with UNCTAD
Riyadh, September 15, 2024: As part of its ongoing commitment to driving innovation and supporting entrepreneurship in the financial sector, the Social Development Bank (SDB) has officially launched the FintechHub program in partnership with the United Nations Conference on Trade and Development (UNCTAD) and its Empretec program, with support from Fintech Saudi. This initiative marks the […]
Transform Dominica: Saudi Fund’s $41M Loan for Essential Infrastructure
Roseau, Commonwealth of Dominica – On September 14, 2024, The Saudi Fund for Development (SFD) signed its first development loan agreement with the Commonwealth of Dominica, marking an important expansion of the SFD’s development support in Latin America and the Caribbean Region. The SFD-funded Infrastructure Rehabilitation Project in the Capital Roseau, worth $41 million, will drive […]
AMAK Unveils 2025 Strategic Initiatives for Sustainable Growth and Market Expansion
• Boost growth and operational excellence through the exploration of 21 licenses across the Kingdom for precious, base, and industrial minerals• Launch of new industrial ventures to support production and tap into new market segments• Underscores commitment to the Kingdom’s vision of sustainable development by connecting facilities to the national power grid and significantly expanding […]
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Tawafuq Al Wostaa for Insurance Brokerage (Concord) Highlights Digital Leadership at 24 Fintech
Concord, a leading name in the insurance industry, participated in 24 Fintech, which commenced on September 3rd and lasted three days at the Riyadh Front Exhibition and Conference Center. Through its distinguished digital stand, Concord showcased a range of advanced digital insurance solutions that aim to enhance insurance efficiency and improve the customer experience. Concord […]
PayerMax Secures PTSP Certification in the Kingdom of Saudi Arabia
8th September 2024, Riyadh, Saudi Arabia – PayerMax, a leading global payment solutions provider, has officially received the Payment Technical Service Provider (PTSP) certification from Saudi Payments, on behalf of the Saudi Central Bank (SAMA). This certification enables PayerMax to offer its comprehensive payment gateway services to merchants throughout the Kingdom of Saudi Arabia. The PTSP certification is […]
Carrier Global Corporation establishes Regional Office in Saudi Arabia
RIYADH, Saudi Arabia, September 8, 2024 — Carrier Global Corporation (NYSE: CARR), a global leader in intelligent climate and energy solutions, today announced the grand opening of its regional office in Riyadh, Saudi Arabia. This strategic move underscores Carrier’s commitment to enhancing its operations in the Middle East, aligning with the region’s growth and development ambitions. […]
barq signs agreement with Mastercard to empower businesses with advanced payment acceptance technology
The partnership will enable Saudi fintech to process transactions via Mastercard Gateway Riyadh, Saudi Arabia – 6 September 2024 – barq, an innovative Saudi financial services startup, has partnered with Mastercard to empower its customers with industry-leading payment acceptance solutions through Mastercard Gateway. The strategic agreement will see barq leverage Mastercard Gateway technology to further equip its […]
PwC Middle East strengthens Saudi talent with latest graduate intake
Over 120 graduates were hired in Saudi Arabia, of which 95% are nationals Riyadh, Kingdom of Saudi Arabia; 04 September 2024 – PwC Middle East strengthens its commitment to developing Saudi talent and supporting Vision 2030 by welcoming 120 graduates in the Kingdom across its lines of services, including Assurance, Deals, Tax and Legal Services, Strategy& […]
The Future of Fintech in Saudi Arabia: Emad Kashghari Shares Insights from the 24 Fintech Event
Emad Kashghari emphasized the role of fintech in revolutionizing financial services and daily life in Saudi Arabia, advocating for collective efforts to shape the future.
Nintex Announces Investments in Saudi Arabia, Including New Office in Riyadh
BELLEVUE, Wash. and Riyadh, Saudi Arabia, 5 September 2024—Nintex, a leader in process intelligence and automation, has announced the opening of a new office in Riyadh. This move is part of the company’s ongoing investment in the Kingdom of Saudi Arabia (KSA) and the broader Middle East region. Strategic Importance of Saudi Arabia “Saudi Arabia […]
STC Bank becomes a Founding Partner of Saudi Arabia’s flagship fintech event 24 Fintech
Riyadh, Saudi Arabia, September 3, 2024: STC Bank, Saudi Arabia’s newest and first digital bank, has announced its role as a Founding Partner of 24 Fintech, Saudi Arabia’s new flagship fintech event which will host finance, policy, technology and investment leaders from around the world in Riyadh. The annual world-class event is set to elevate Riyadh’s […]
The Rise of D360 Bank: Transforming Saudi Arabia’s Digital Banking Landscape
Explore the transformation of Saudi Arabia’s digital banking landscape as D360 Bank, under CEO Eze Szafir, emerges as a key player leveraging technology and innovation, while aligning with Vision 2030.
AnaAkhtar Receives Prestigious AAA Accreditation, Marking a Milestone in Education
Sharjah, UAE, 4 September 2024, Massive Media: AnaAkhtar, an innovative initiative by AlBadera Holding aimed at promoting holistic life-long learning in the MENA region, has received the prestigious AAA accreditation. This recognition underscores AnaAkhtar’s commitment to advancing education, particularly in the areas of social, emotional, and behavioral development. AnaAkhtar is a bilingual Arabic and English educational platform […]
Saudi Central Bank Vice Governor Discusses Fintech Ecosystem at 24 Fintech Event
This article explores the insights shared by H.E. Dr. Khaled Al-Dhaher, Vice Governor for Supervision and Technology at the Saudi Central Bank, during a recent fintech event in Riyadh, outlining SAMA’s regulatory initiatives, the importance of stability, and the future of fintech innovation in Saudi Arabia.
Capital Market Outlook in the Age of Digitization: Insights from H.E. Mohammed El-Kuwaiz
Explore the transformative potential of FinTech in Saudi Arabia’s capital markets as H.E. Mohammed El-Kuwaiz shares insights on regulatory innovations, investment trends, and the future opportunities driven by digitalization.
Saudi Arabia’s Fintech Revolution: Insights from the FinTech 24 Conference
The article discusses the significant insights shared by H.E. Mohammed Aljadaan at the FinTech 24 Conference, outlining Saudi Arabia’s ambitious strategy for fintech development, market growth, and global competitiveness by 2030.
Saudi Central Bank Governor Highlights Fintech Transformation and Growth
In a recent address, Saudi Central Bank Governor H.E. Ayman Al-Sayari outlined the profound transformation in the kingdom’s fintech sector, emphasizing the balance between fostering innovation and maintaining financial stability.
Najm takes part in 24 Fintech as a Platinum Sponsor
Riyadh, September 3, 2024: Najm for Insurance Services has announced its platinum sponsorship of the ‘24 Fintech’ conference, which specializes in the financial technology sector. The conference will take place at the Riyadh Front Exhibition and Conference Center and will open its sessions on Tuesday, September 3, until Thursday, September 5. Najm’s sponsorship of this […]
Huawei Cloud Introduces AI-ready Infrastructure in Saudi Arabia to Accelerate Local Digital Transformation for Vision 2030
Riyadh, Saudi Arabia, September 3, 2024 — Huawei Cloud announced a groundbreaking series of artificial intelligence (AI) initiatives at today’s Huawei Cloud Summit Saudi Arabia 2024, aiming to accelerate Saudi Arabia’s digital transformation and support the Vision 2030 goals. The event gathered over 600 guests and showcased the most updated development of key AI technologies, especially AI-ready […]