Month: August 2026

OORI receives CMA license for arranging and advising activities in Saudi Arabia

OORI, the Saudi-based investment platform focused on private markets, today announced that it has received a license from the Saudi Capital Market Authority to conduct Arranging and Advising activities and is preparing to commence operations. The platform will provide Shariah-compliant investment opportunities and structures for qualified investors in the Kingdom with regulated access to curated

ETS launches TOEIC Pal in Saudi Arabia to help learners build workplace English speaking skills

ETS has launched TOEIC® Pal in Saudi Arabia, bringing the official TOEIC® Speaking preparation app to learners in the Kingdom for the TOEIC Speaking test as organizations increasingly prioritize workplace English skills to support economic growth, international collaboration and workforce readiness under Vision 2030. Designed for students, job seekers and working professionals, TOEIC® Pal helps

Saudi Arabia drives IBS growth as the Middle East’s #1 provider of remittance & currency exchange kiosks and telecom SSM

Infinite Business Solutions (IBS), the Dubai-headquartered FinTech company founded by Jordanian entrepreneurs Ibrahim Darraz and Mohammad Al-Azzeh, continues to strengthen its position as one of the region’s leading digital transformation enablers, powering millions of secure transactions every month across more than 10 countries throughout the Middle East and Africa. With Saudi Arabia representing its largest market, IBS has established

Saudi Arabia advances multinational maritime defense alliance initiative

Saudi Arabia on Thursday hosted an international meeting to advance its proposal for a multinational maritime defense alliance aimed at strengthening maritime security, protecting international shipping lanes and countering threats to global trade. The meeting brought together chiefs of staff and their representatives from 43 countries, as well as the European Union Delegation to Saudi

Bank of Jordan Group launches its first branch in Saudi Arabia

The Bank of Jordan Group has inaugurated its first branch in Saudi Arabia in a strategic move that reflects its vision for sustainable growth and reinforces its position as an integrated regional banking group. Following the Saudi Central Bank’s approval to commence banking operations on 27/2/1448 AH, the expansion strengthens its presence in one of

STC Bank: A New Chapter for Digital Banking in Saudi Arabia

STC Bank Saudi Arabia represents one of the clearest signs of how quickly the Kingdom’s financial sector is changing. The business began with stc pay, a digital wallet that allowed customers to make payments and transfer money through their phones. Over time, that platform developed into something much bigger. In 2025, STC Bank officially launched

Fitting closes $1.1mln seed round to accelerate the digitization of construction supply chains in Saudi Arabia

Fitting, a digital platform specializing in the automation and digitization of supply chains in the construction sector, has announced the successful closing of its second Seed investment round, raising $1.1 million, with the participation of a prominent strategic investor from the contracting and real estate development sector. The investment marks an important step in supporting

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