The majority of the countries where male early-stage entrepreneurial activity rates exceed that of females by five percentage points or more belong to the high-income group.
One of the Middle East’s first fintech unicorns, BNPL startup Tabby is consulting with HSBC, JPMorgan, and Morgan Stanley ahead of its prospective IPO.
In partnership with global tech leaders, the Kingdom of Saudi Arabia prepares the fertile ground for local AI development, dedicating almost $15 billion to advanced AI-powered projects.
Tarabut Gateway and Geidea partnered to improve financing access for small and medium-sized enterprises (SME) in Saudi Arabia.
General Catalyst, a Silicon Valley venture capital company, has made its first investment in Saudi Arabia.
Investors began to pay more active attention to initial public offerings (IPOs) of shares in the Persian Gulf countries, where recently companies from various areas of activity, including healthcare, beauty industry, and retail, were preparing to list their stocks against the background that the economy of this region is undergoing a process of diversification, gradually […]
Currently, in the Middle East, sovereign wealth funds, through their specific financial actions, demonstrate a clear and unambiguous desire to become the main sponsors of Silicon Valley in the area of developments related to artificial intelligence.
The media reports that Revolut, a fintech company based in the United Kingdom, currently has plans to expand the scope of its activities in the Gulf Cooperation Council (GCC) member countries.
Saudi Arabia as a state system is currently moving forward in the context of the economic aspect of its existence, being on an upward trajectory and paying a high level of attention to domestic investments.
Saudi fintech company Rasan Information Technology Co. has moved forward in its debut in Riyadh, managing to raise 841 million riyals ($224 million) amid the hype associated with the listing, as a result of which several companies have started trading in the kingdom over the past month.
International Business Machines (IBM) on Tuesday, May 21, announced its intention to release a new family of artificial intelligence models in the form of open-source software.
An emerging fintech operator, ABHI, with established operations in Pakistan and UAE, has expanded its business to the Kingdom of Saudi Arabia through a partnership with Alraedah Digital Solutions.
The partnership with the Ministry of Investment of Saudi Arabia enables Ant International to expand its e-commerce and digital payment services across the Middle East.
Fintech company Rasan, which is based in Saudi Arabia, intends to sell 30% of its stake during the initial public offering (IPO) of shares in Riyadh.
As we progress into the digital age, the startup ecosystem in Saudi Arabia is undergoing a swift and remarkable transformation. The year 2024 stands out as a particularly noteworthy period in this evolving landscape due to the emergence of an array of innovative companies that span a variety of sectors.
We TraiCon Events will be hosting Saudi Arabia’s premier fintech event titled as “Fintech Revolution Summit” scheduled on 29th & 30th April 2024 at Riyadh, Saudi Arabia – A Leading Financial Hub of MENA.
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