RIYADH: The Saudi Central Bank, also known as SAMA, has issued a license to Funding Souq, a debt crowdfunding platform, to operate in the Kingdom. This new permit raises the count of companies authorized in this domain to 10, bringing the number of fintech companies permitted by the apex bank to 61. “This decision reflects … Read more
RIYADH: A new premium residency visa has spurred home-ownership demand among Saudi-based expats, with 77 percent now looking to buy a property, a survey has revealed. Global property consultancy Knight Frank surveyed 241 expatriates in Saudi Arabia, and discovered the primary motivation for real estate purchasing in the Kingdom, especially among millennials, is its perceived status … Read more
RIYADH: Saudi entrepreneurs are set to be increasingly empowered in establishing innovative startups in the Kingdom’s agriculture sector through the introduction of the new Sonbola program. Launched by the Minister of Environment, Water, and Agriculture Abdulrahman Al-Fadley, and Minister of Communications and Information Technology Abdullah Al-Sawaha during a ceremony in Riyadh, the program aims to cultivate … Read more