saudi arabia

Tarabut Gateway Raises $32 Million to Expand Saudi Open Banking
Tarabut Gateway Raises $32 Million to Expand Saudi Open Banking
May 03, 2023  |  Investments

Open banking platform Tarabut Gateway hopes to expand in Saudi Arabia after raising $32 million. The company announced the Series A funding round Wednesday (May...

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‘Humbled’ VCs Turn to Middle East For Funding
‘Humbled’ VCs Turn to Middle East For Funding
April 12, 2023  |  Investments

As funding evaporates, venture capital firms are seeking an oasis in the Middle East. Groups like Andreessen Horowitz, Tiger Global and IVP have in the...

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Aramco and DHL Supply Chain Are Building Procurement and Logistics Hub
Aramco and DHL Supply Chain Are Building Procurement and Logistics Hub
March 20, 2023  |  Supply Chain

Aramco and DHL Supply Chain are building a procurement and logistics hub in Saudi Arabia. The new hub will provide integrated procurement and supply chain...

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Saudi FinTech Hala Acquires Paymennt.com
Saudi FinTech Hala Acquires Paymennt.com
February 15, 2023  |  Partnerships

Saudi FinTech Hala is expanding its payments offering with the purchase of Paymennt.com. The deal, announced in a Wednesday (Feb. 15) news release, will help...

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IBM and Emkan Finance Develop Small Business Digital Lending Product
IBM and Emkan Finance Develop Small Business Digital Lending Product
February 09, 2023  |  B2B Payments

Emkan Finance and IBM have developed a digital financing product for small businesses in Saudi Arabia. In announcing the collaboration on Thursday (Feb. 7), IBM...

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Saudi Arabia Builds Smart Warehouses to Meet Booming eCommerce Demand
Saudi Arabia Builds Smart Warehouses to Meet Booming eCommerce Demand
February 07, 2023  |  eCommerce

Saudi Arabia’s eCommerce sector is set to benefit from major investments in new smart warehouses. In the city of Jeddah, the Saudi Authority for Industrial...

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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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