Tag: KSA

SAMA: E-Payments Share Reached 70% of Total Payments in 2023

The Saudi Central Bank (SAMA) announced that the share of retail consumer electronic payments -one of the Financial Sector Development Program’s KPIs- reached 70%...

Ramadan online spend expected to raise across key sectors

Checkout.com forecasts surge in online spend this year among consumers in Saudi Arabia in areas like food stores, apparel, and hospitality Trends follow 22% growth...

Saudi Arabia Witnesses Three Years of Consecutive Private Equity Investment Growth, Closing 2023 with $4Bn Worth of Transactions

The "2019-2023 Saudi Arabia Private Equity Report" revealed that the Kingdom has witnessed a remarkable surge in Private Equity (PE) activity over the past...

Economic and Development Affairs Council Discusses Local and Global Economic Indicators

The Economic and Development Affairs Council has held a virtual meeting to discuss a number of reports and issues on its agenda.It discussed the...

Saudi Arabia plans $40 bln fund for AI investments: Report

Saudi Arabia’s government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday,...

Saudi Showpiece New Murabba ‘Open for International Investment’

New Murabba Development Company made a powerful impression at the prestigious MIPIM 2024 event in Cannes, France. The event, which brings together the world's...

SVC Invests $30 Million in a Private Equity Fund by Olive Rock Partners

Saudi Venture Capital (SVC) announced its investment of $30 million in Olive Rock Partners Fund I, a regional private equity fund focusing on actively...

Tabby announces pre-IPO $700 million debt facility from J.P. Morgan

UAE-founded and Saudi Arabia-headquartered fintech Tabby has secured a $700 million debt financing round from J.P. Morgan, ahead of its planned initial public offering...

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Emirati startup founders unveil AI-powered innovations at Hub71 Impact 2026

Emirati startup founders showcased AI-powered and advanced technology solutions...

Groww and Zerodha AMCs post nearly 3x growth in AUM over last year

Entry of discount broking firms -- Groww and Zerodha...

Apple launches AI-powered Siri upgrade

Apple has launched an artificial intelligence-powered version of its...

Cloudflare highlights emerging risks and realities of frontier AI models in cybersecurity research

Cloudflare shared new insights into the evolving role of...

Dubai unveils new $410m economic support package for businesses 

Dubai approved a new 1.5 billion dirham ($410 million)...