Tag: News

Saudi Arabia’s POS Weekly Transactions Surpass SAR13 Billion in September 22-28

Point-of-sale transactions (POS) in Saudi Arabia amounted to 207,724,000 transactions, valued at SAR13,392,037,000 during the period from September 22 to 28, compared to SAR11,972,276,000...

UAE holds largest share of Arab banking sector assets

Banks in the UAE hold the largest share of the Arab banking sector’s assets at 24.3 per cent, the Arab Monetary Fund (AMF) revealed...

Europe needs bigger banks to compete with US, Chinese rivals, says Lagarde

Europe needs bigger and stronger banks that can compete with their US and Chinese rivals, European Central Bank President Christine Lagarde said on Monday,...

SAMA 2024 Report Affirms Resilience of Saudi Financial System

The Saudi Central Bank (SAMA) issued its Financial Stability Report 2024, highlighting national and global trends and significant developments in the Saudi financial system,...

UAE seeks to boost economic ties with Australia and New Zealand

The Comprehensive Economic Partnership Agreements (Cepas) being planned with Australia and New Zealand will help the UAE achieve its target of Dh4 trillion ($1.1...

Visa processing platform Atlys secures $20 million funding

Atlys, a leading visa processing platform, has raised $20 million in its Series B funding round, co-led by Peak XV Partners (formerly Sequoia Capital...

UAE, Saudi eye big investments in AI, semiconductor sectors

The UAE and Saudi Arabia have big ambitions to expand their technology sectors via investments in semiconductor and AI capabilities, according to technology experts. The...

PayPal to Let US Business Clients to Buy, Hold, Sell Crypto

Global payments behemoth PayPal has announced that it will allow US business account customers to buy, hold and sell cryptos directly from their accounts. The move comes...

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Saudi Exchange shows resilience on Aramco shares, defying regional trend

RIYADH: Saudi Arabia’s Tadawul All Share Index showed signs...

Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...