Saudi Arabia - page 2

News

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.

News

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.

Fintech & Ecommerce

Deloitte and Fintech Saudi to Launch Makken Program

Deloitte, a global professional services company, is currently implementing a partnership with Fintech Saudi.

Blockchain & Crypto

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.

Finance & Economics

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

Fintech & Ecommerce

Hala Acquires Paymennt.com

Saudi fintech company Hala announced the purchase of a payment startup from the UAE Paymennt.com.

Fintech & Ecommerce

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

Fintech & Ecommerce

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.

Fintech & Ecommerce

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?