saudi arabia

Saudi Arabia Takes Global Leadership Role in Click-and-Mortar™ Shopping
Saudi Arabia Takes Global Leadership Role in Click-and-Mortar™ Shopping
October 15, 2024  |  Retail

  In Saudi Arabia, consumers love Click-and-Mortar™ shopping, which mixes the best of online and in-store experiences. More than half of the country’s shoppers prefer...

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AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
September 22, 2024  |  artificial intelligence

Sovereign wealth funds have reportedly become major players in the artificial intelligence (AI) funding race. Countries such as Saudi Arabia, Kuwait and the United Arab...

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Report: Revolut Looks to Expand Digital Banking License Effort to Middle East
Report: Revolut Looks to Expand Digital Banking License Effort to Middle East
September 13, 2024  |  Cross-border Payments

Revolut is reportedly looking to expand its business into Gulf Cooperation Council (GCC)-member countries. The British FinTech has submitted applications to become an electronic-money institution and...

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Shopping App Tabby Acquires Saudi Digital Wallet Tweeq
Shopping App Tabby Acquires Saudi Digital Wallet Tweeq
September 03, 2024  |  financial apps

Shopping/financial services app Tabby is acquiring Saudi digital wallet Tweeq. The deal, announced Tuesday (Sept. 3), will let Tweeq continue to operate independently, while allowing...

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How AI Investments Could Change the Middle East
How AI Investments Could Change the Middle East
March 25, 2024  |  artificial intelligence

Saudi Arabia’s reported $40 billion artificial intelligence (AI) investment fund represents a leap to redefine the Middle East’s role in the global technology landscape.  The...

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FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors
FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors
March 24, 2024  |  artificial intelligence

Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company...

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Meet the Titans: Major Players Funding the Future of AI
Meet the Titans: Major Players Funding the Future of AI
March 21, 2024  |  artificial intelligence

Saudi Arabia aims to carve out a leadership role in the burgeoning artificial intelligence (AI) field with a proposed $40 billion investment fund, as The...

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Mastercard and Loop Partner on Credit Cards, Payments in Saudi Arabia
Mastercard and Loop Partner on Credit Cards, Payments in Saudi Arabia
March 01, 2024  |  Partnerships

Mastercard partnered with Loop, a digital payments technology company licensed by the Saudi Central Bank, to launch credit card and payment solutions in Saudi Arabia. Loop will use...

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Soum Raises $18 Million to Expand ReCommerce in MENA
Soum Raises $18 Million to Expand ReCommerce in MENA
December 20, 2023  |  eCommerce

ReCommerce platform Soum has raised $18 million to expand through the Middle East. The company, founded in Saudi Arabia in 2021, now hopes to extend its business into...

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