Alibaba Seeks Middle East Partners
Chinese e-commerce giant Alibaba Group Holding Ltd. is currently seeking to establish partnerships with companies from the United Arab Emirates and Saudi Arabia.
Saudi Arabia - page 2
MSA Capital to Raise $1 Billion for Mideast Startups
The Chinese venture capital company MSA Capital, supported by the unit of the Saudi Arabian Public Investment Fund, intends to raise $1 billion in financing to support technology startups in the Middle East.
Deloitte and Fintech Saudi to Launch Makken Program
Deloitte, a global professional services company, is currently implementing a partnership with Fintech Saudi.
Crypto Grows in Africa and MENA as Shield Against Inflation
Bitcoin remains the most dominant cryptocurrency in Sub-Saharan Africa, while rising inflation makes Turkey the fourth country worldwide in raw crypto transaction volume rating.
Riyad Bank Integrates E-Invoicing ZATCA Enabled by SunTec Xelerate
Riyad Bank, one of the largest financial institutions in Saudi Arabia, integrated the Zakat, Tax and Customs Authority (ZATCA) solution for e-invoicing, deployed on SunTec Xelerate platform
Hala Acquires Paymennt.com
Saudi fintech company Hala announced the purchase of a payment startup from the UAE Paymennt.com.
RegTech Konsentus Launches in Saudi Arabia
Open Ecosystem RegTech provider, Konsentus, launches in its first MENA regional market – Saudi Arabia – to offer open data infrastructure and technology services to regulators and FS providers
Saudi Arabia Central Bank Launches CBDC Experiment
Saudi Central Bank continues CBDC experimentations, currently focusing on domestic wholesale of CBDC in collaboration with local banks and fintechs.
Are Startups Going Out of Fashion?
Tech startups across the globe are now facing a massive drain of funding from the segment. The total number of startups has also significantly declined. Why does it happen, and what to expect next?
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