Tagged: riyadh

September 22, 2026 @ 2:30 am By Omar Faridi  |  

Saudi Arabia has stepped back from Project mBridge, a multi-central-bank digital currency platform closely associated with China, after finishing a limited testing phase last year. The move became public this month when the Saudi central bank confirmed the details to the FT, more than a… Read More

January 24, 2026 @ 2:37 pm By Omar Faridi  |  

The MENA venture capital ecosystem has experienced considerable activity as of late, as highlighted in a recent analysis by CB Insights. This in-depth study ranks the top 50 investors in the region, shedding light on their strategies, performance, and impact on emerging startups. By examining… Read More

November 4, 2024 @ 10:42 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce that it plans to open an office in Riyadh in 2025. The office will now aim to strengthen HKEX’s Middle East presence as the Group looks to promote connectivity between China and the Gulf… Read More

October 22, 2023 @ 12:12 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) signed a cooperation agreement with the Monetary Authority of Singapore (MAS) in Riyadh, in the field of Fintech and innovation. The agreement was signed by Ayman Al-Sayari, Governor of SAMA, and Dr. Vivian Balakrishnan, the Minister for Foreign Affairs of… Read More

November 7, 2022 @ 10:27 pm By Omar Faridi  |  

Enjaz Payment Services Company, a Fintech company licensed by the Saudi Central Bank announced a partnership with Thunes, a global player focused on cross-border payments. This agreement will help customers in Saudi Arabia “to make instant international transfers globally to bank accounts and digital wallets… Read More

October 31, 2022 @ 8:48 pm By Omar Faridi  |  

Visa (NYSE: V), which claims to be the world’s leader in digital payments, announced plans to open a state-of-the art Innovation Center in Riyadh, Saudi Arabia “at the Future Investment Initiative.” The facility, that will be operational by the end of 2023, is “being built… Read More

August 14, 2022 @ 11:49 am By Omar Faridi  |  

Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for financial markets, recently announced new optimized routes on its network to Istanbul (Bursa Istanbul), Riyadh (Saudi Stock Exchange, Tadawul) and Tel Aviv (Tel Aviv Stock Exchange, TASE). These routes should help with encouraging… Read More

January 24, 2022 @ 9:42 pm By Omar Faridi  |  

Sequoia Capital has reportedly made its first investment in the Gulf / MENA region by leading an investment round for Lean Technologies, a Saudi Arabia-based Fintech company whose founders include the son of the kingdom’s former oil minister, Khalid Al-Falih. Lean Technologies, which allows firms… Read More