The findings of the 2025 Islamic Finance Development Indicator (IFDI) Report reflect how Islamic finance is evolving beyond its traditional markets to become a more dynamic and globally integrated part of the financial system, with assets expected to surge to $9.7 trillion by 2029.
Major fintech firms continue to accelerate their AI initiatives. Today, several AI-related deals were announced, involving Tabby, Revolut, Klarna, Singlife and Salesforce.
Riyadh, Saudi Arabia – The International Centre for Strategic Alliances (ICSA) is proud to announce the 22nd Edition of the Connected Banking Summit – Innovation & Excellence Awards 2025, set to take place on November 4th, 2025, in Riyadh.
Tamara raised fresh asset-backed funding facility from major financial institutions, including Goldman Sachs, Citi, and Apollo funds.
In just three years, Ninja has grown from a small startup to a regional quick commerce market leader worth over $1,5 billion.
Saudi Arabia has launched a company to invest across the artificial intelligence value chain.
Saudi packaging manufacturer United Carton Industries Co. drew more than $20 billion in orders for its initial public offering (IPO) of shares.
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.
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.
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