Saudi Arabia

Finance & Economics

Global Islamic Finance Assets to Reach $9.7T by 2029

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.

Fintech & Ecommerce

Fintechs Double Down on AI: Revolut Buys Swifty, Klarna Joins Google AP2, Tabby Builds AI Factory, Singlife Teams with Salesforce

Major fintech firms continue to accelerate their AI initiatives. Today, several AI-related deals were announced, involving Tabby, Revolut, Klarna, Singlife and Salesforce.

Fintech & Ecommerce

22nd Edition Connected Banking Summit – Innovation & Excellence Awards 2025 “Empowering the Future of Banking in the Kingdom: Innovation, Transformation, and Growth”

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. 

News

Saudi Fintech Unicorn Tamara Secures Up to $2.4B to Expand Credit and Payment Products

Tamara raised fresh asset-backed funding facility from major financial institutions, including Goldman Sachs, Citi, and Apollo funds.

News

Saudi’s Ninja Becomes Quick Commerce Unicorn in Record Time

In just three years, Ninja has grown from a small startup to a regional quick commerce market leader worth over $1,5 billion.

Science & Technology

Saudi Arabia Launches New AI Company

Saudi Arabia has launched a company to invest across the artificial intelligence value chain.

News

First Saudi IPO Since Tariff Shock Draws $20 Billion in Orders

Saudi packaging manufacturer United Carton Industries Co. drew more than $20 billion in orders for its initial public offering (IPO) of shares.

News

Female Entrepreneurs Strive in Middle Income Nations Focusing on Domestic Markets

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.

Science & Technology

Saudi Arabia Announces $14.9B AI Investment

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.

News

Tarabut & Geidea to Explore SME Financing

Tarabut Gateway and Geidea partnered to improve financing access for small and medium-sized enterprises (SME) in Saudi Arabia.

News

General Catalyst Makes First Investment Into Saudi Arabia

General Catalyst, a Silicon Valley venture capital company, has made its first investment in Saudi Arabia.

News

Gulf IPOs See Growing Demand

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 […]

News

Middle Eastern Funds Invest Billions of Dollars Into AI Startups

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.

News

Revolut Reportedly Seeks to Expand Into UAE and Saudi Arabia

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.

Finance & Economics

Saudi Arabia Focuses on Domestic Investment

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.

Fintech & Ecommerce

Saudi Fintech Rasan Jumps by 30%

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.