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 has received interest from sovereign wealth funds, it ruled out taking money from Saudi Arabia due to national security concerns. The...
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 New York Times reported. The country is one of many global giants in the race to shape the future of...
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 Mastercard’s technology and expertise to enhance its products and services, the companies said in a Thursday (Feb. 29) press release. This...
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 other parts of the Middle East and North Africa (MENA), beginning with the United Arab Emirates (UAE), the firm’s leaders...
March 21, 2024
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 New York Times reported. The country is one of many global giants in the race to shape the future of AI, including Andreessen Horowitz and Nvidia, with investments in generative […]
July 05, 2023
Real-time payments have gained significant traction worldwide, revolutionizing how consumers and businesses conduct financial transactions. Many countries have successfully implemented real-time payment systems to enhance efficiency and meet the growing...
June 12, 2023
The Middle East and North Africa (MENA) region is quickly becoming a hotbed for open banking, driven by a unique ecosystem, booming consumer demand and “forward-thinking” regulators, said Abdulla Almoayed,...
January 02, 2023
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 sector remains at different stages...
March 24, 2024
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 has received interest from sovereign wealth funds, it ruled out taking money from Saudi Arabia due to national security concerns. The shares in Anthropic are being sold as part of FTX’s […]
March 01, 2024
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 Mastercard’s technology and expertise to...
December 20, 2023
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 other parts of the Middle...
December 18, 2023
Saudi Arabia-based buy now, pay later (BNPL) platform Tamara has become that nation’s first unicorn. The company announced Monday (Dec. 18) that it had closed a $340 million Series C round,...
