Tag: Saudi Arabia

KAUST develops new cooling technology to improve efficiency and lifespan of solar panels

RIYADH: The King Abdullah University of Science and Technology has made a notable research breakthrough, developing a new composite material that improves the efficiency...

Inside Riyadh’s Insane Fintech Boom: $412M Spent—Is a Correction Coming Next?

Riyadh has emerged as a powerhouse in MENA’s fintech race. In H1 2025, Saudi Arabia led the region in VC inflows, especially into fintech, cementing...

​​Digital shift keeps Saudi credit card borrowing above $8bn and just 2% below record level

RIYADH: Credit card loans from Saudi banks posted their second-highest figure on record in the first quarter of 2025, after an annual rise of...

Saudi Arabia holds many ‘promising investment opportunities’ for Chinese investors, says finance minister  

Mohammed Al-Jadaan emphasized the significance of both countries’ roles in the global economy Discussions included areas such as tax policy, capital markets, and banking regulations RIYADH:...

Closing Bell: Saudi main index closes higher, gains 76 points  

MSCI Tadawul 30 Index climbed 14.22 points, or 1.01%, to 1,416.62 Parallel market Nomu fell 237.23 points, or 0.88%, to 26,780.54 RIYADH: Saudi Arabia’s Tadawul All...

Saudi Arabia doubles funding to Union of Arab Chambers

Expanded support will significantly enhance UAC’s capacity to deliver programs and initiatives empowering the Arab private sector FSC and UAC are working to boost intra-Arab...

Saudi Arabia tops MENA digital economy rankings with $132bn market

Kingdom has invested over SR55 billion in AI technologies and data center infrastructure Figures released on occasion of World Telecommunication and Information Society Day RIYADH: Saudi...

Saudi Arabia surpasses $1bn sukuk milestone with May issuance

RIYADH: Saudi Arabia’s National Debt Management Center has surpassed the $1 billion threshold in its latest sukuk issuance, raising SR4.08 billion ($1.08 billion) in...

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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)...