Tag: Saudi Arabia

Saudi Arabia hits 79% digital transactions in its cash to code journey

SAMA has leveraged its core mandate to position Saudi Arabia as a global fintech hub JEDDAH: Saudi Arabia has achieved a major milestone in its financial...

Saudi Arabia tops GCC projects market in Q3: report  

RIYADH: Saudi Arabia led the Gulf Cooperation Council’s projects market in the third quarter of 2025 with $28.1 billion in contract awards, a new...

Saudi Arabia to invest in solar-powered desalination project in Senegal, says minister

JEDDAH: Saudi Arabia is poised to sign an agreement to harness solar energy for a water desalination project in Senegal, alongside additional investments totaling...

Saudi Arabia to serve as regional HQ for fintech growth, says Paymentology CEO 

RIYADH: Saudi Arabia is emerging as a key fintech hub in the Middle East, prompting the UK-based card issuing and payment processing firm Paymentology...

Saudi Arabia opens October ‘Sah’ Sukuk offering 4.83% return 

JEDDAH: Saudi Arabia has opened subscriptions for its October issuance of the government-backed “Sah” savings sukuk, offering investors an annual return of 4.83 percent,...

Saudi Arabia set for 4.6% GDP growth in 2026 — pre-budget statement

RIYADH: Saudi Arabia is forecasting real GDP growth of 4.6 percent in 2026, supported by an expected increase in the output of non-oil activities. In the...

Saudi Arabia and South Korea deepen cooperation in innovation and SMEs  

RIYADH: Saudi-Korean bilateral cooperation in innovation and enterprises is set to flourish after the two nations discussed expansion opportunities in high-potential sectors.  A meeting between...

Startup Wrap — Saudi Arabia leads MENA startup funding in August

Kingdom led the region for the second consecutive month, attracting $166 million across 19 deals RIYADH: Startup funding across the Middle East and North Africa...

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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)...