saudi arabia

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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BNPL Finds Appeal in Wealthy Middle Eastern Countries
BNPL Finds Appeal in Wealthy Middle Eastern Countries
December 19, 2023  |  Buy Now Pay Later

There’s an old story, possibly apocryphal, where F. Scott Fitzgerald tells Ernest Hemingway: The rich are different from you and me. Replies Hemingway: “Yeah, they...

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BNPL Platform Tamara Becomes Saudi Arabia’s First FinTech Unicorn
BNPL Platform Tamara Becomes Saudi Arabia’s First FinTech Unicorn
December 18, 2023  |  Buy Now Pay Later

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...

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Report: eCommerce Firm Floward Preparing for IPO in Saudi Arabia
Report: eCommerce Firm Floward Preparing for IPO in Saudi Arabia
November 22, 2023  |  IPO

Floward, a Middle Eastern eCommerce firm, is reportedly working with Goldman Sachs Group and HSBC Holdings for a planned initial public offering (IPO) in Saudi Arabia.  The company, which...

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