saudi arabia

Microsoft to Launch New Cloud Region in Saudi Arabia
Microsoft to Launch New Cloud Region in Saudi Arabia
February 07, 2023  |  Big Data

Microsoft will launch a new cloud data center region in the Kingdom of Saudi Arabia (KSA). In a statement published on Monday (Feb. 7), Microsoft...

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New Lab Paves Way for Saudi Arabia’s Open Banking Launch
New Lab Paves Way for Saudi Arabia’s Open Banking Launch
January 11, 2023  |  Banking

The Kingdom of Saudi Arabia has launched an Open Banking Lab for banks and FinTechs. The new lab, announced by the Central Bank of Saudi...

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4 Trends Shaping EMEA Banking Sector in 2023
4 Trends Shaping EMEA Banking Sector in 2023
January 02, 2023  |  Banking

In this article, PYMNTS analyzes trends shaping the banking sector in the EMEA region. Zooming in on the different subregions shows that the EMEA banking...

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How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
December 23, 2022  |  Investments

After reaching new heights in 2021, VC funding in EMEA slowed sharply in 2022. While final full-year tallies are not settled yet, data from the...

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Middle East Becomes IPO Oasis Amid Cooling Financial Markets
Middle East Becomes IPO Oasis Amid Cooling Financial Markets
December 14, 2022  |  IPO

The Middle East has become a bright spot among financial markets as IPO activity declines. Initial public offerings (IPOs) in that part of the world...

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Tech and Capital Markets Reform Fuel GCC IPO Boom
Tech and Capital Markets Reform Fuel GCC IPO Boom
November 29, 2022  |  Market Conditions

It’s been a dry year for initial public offering (IPO) volume around the world. But while most stock markets have experienced a decline in both...

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Saudi British Bank Partners With Cybersource to Accelerate eCommerce Growth
Saudi British Bank Partners With Cybersource to Accelerate eCommerce Growth
November 28, 2022  |  Partnerships

Saudi British Bank (SABB) announced it has inked a strategic partnership with Cybersource to foster the bank’s growth in the eCommerce space, according to a...

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Expense Management Platform Qashio Raises $10M to Accelerate Saudi Expansion
Expense Management Platform Qashio Raises $10M to Accelerate Saudi Expansion
November 22, 2022  |  Spend Management

The Dubai-based FinTech Qashio announced on Tuesday (Nov. 22) that it has raised $10 million in a seed round to accelerate its expansion into the...

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Neobank Licensing Sets Stage for Saudi FinTech Acceleration
Neobank Licensing Sets Stage for Saudi FinTech Acceleration
November 15, 2022  |  Digital-First Banking

In the evolution of FinTech in any given market, there are certain phases and milestones that can be observed. For example, the development of payment...

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