CAIRO: Saudi startups continue to demonstrate a pioneering stance by capturing almost half of the region’s total venture funding in the first quarter of the year, underscoring the Kingdom’s growing influence in the regional startup ecosystem. In a notable achievement, Saudi ventures secured $224 million out of the $429 million raised across the Middle … Read more
WASHINGTON: US President Joe Biden’s administration has reached a compromise deal with Republicans in House of Representatives to lift the number of resettlement visas for Afghans who worked for the United States, US lawmakers said on Tuesday. The congressionally-authorized limit of 38,500 Special Immigration Visas (SIVs), which offer a path to US citizenship, had been … Read more
RIYADH: Jordan-based fintech Numa will collaborate with Visa to fuel its expansion plans into Saudi Arabia, signifying the Kingdom’s financial sector embracing international expertise. Visa will be incorporating an investment to fuel Numa’s transition into the Saudi and UAE markets. This alliance is set to broaden Numa’s service offerings to its clientele across various markets, … Read more
International investors, including from Saudi Arabia, eye lithium mining in Argentina SAO PAULO: Lithium mining has become a central element in several countries’ strategy to transition from fossil fuels to renewable energy. Saudi investors are aware of Argentina’s major role in this respect. Earlier this month, a delegation from the Saudi Energy Ministry visited the … Read more
Startup of the Week – supply chain platform Omniful aims to boost Saudi Arabia’s e-commerce space CAIRO: E-commerce and supply chain operations platform Omniful is aiming to significantly boost its presence in the Saudi market after a successful $5.85 million seed funding round. In an interview with Arab News, CEO and co-founder of Omniful, Mostafa … Read more
RIYADH: Innovation is a priority for HSBC Saudi Arabia as it aims to enhance its offerings, according to the bank’s CEO. Faris Al-Ghannam, CEO and board member of HSBC Saudi Arabia, provided a comprehensive overview of the financial institution’s prospective plans, along with the Kingdom’s economic landscape and the investment opportunities it presents. In an … Read more
RIYADH: Businesses in King Abdullah Financial District are poised for advanced digital payment access with card service provider Visa joining the Riyadh economic hub, reinforcing global economic connections. Visa is an internationally recognized compay in the sector, facilitating transactions between consumers, merchants, financial institutions and government entities across numerous countries and territories.
CAIRO: Startups in the Middle East enjoyed a year marked by significant funding and opportunities for growth. The region witnessed an unprecedented surge in startup activities in 2023 with young talent, fresh ideas, and new products receiving adequate support in the form of increased investment and partnership offers. Saudi Arabia led the way with fintech … Read more
LONDON: Authorities in Iran are removing visa requirements for passport holders from 33 countries, including Saudi Arabia. The move was confirmed on Thursday following comments after a Cabinet meeting on Wednesday by Minister of Tourism Ezzatollah Zarghami, who said: “The government intends to open the country’s doors to the world. “The Islamic Republic has shown … Read more