The Hub – Transport Advisory, a UK-headquartered specialist transport sector consultancy, has expanded into Saudi Arabia with the support of AstroLabs, the Gulf’s leading business setup and growth platform. The move marks a significant milestone in The Hub’s international growth, aligning with the National Transport and Logistics Strategy’s vision to position Saudi Arabia as a
Saudi Arabia has launched a new funding initiative offering non-repayable grants of up to SR500,000 per project to help cultural enterprises adopt and develop artificial intelligence technologies. The Cultural Development Fund (CDF) announced the launch of the AI Incentives for Cultural Projects in partnership with the Ministry of Culture and the Quality of Life Program,
Tencent Cloud, the cloud business of global technology company Tencent, today announced its collaboration with Alsaif Gallery, one of Saudi Arabia’s leading home appliance and furniture retailers, to support the company’s enterprise AI transformation journey. Leveraging Tencent Cloud’s local cloud infrastructure and AI capabilities in Saudi Arabia, Alsaif Gallery has deployed a self-developed enterprise AI
Bahrain-based digital consumer finance platform Skyro said it plans to expand into Saudi Arabia and has appointed former Mastercard executive Maria Medvedeva as managing director for the Middle East. In her new role, Medvedeva will oversee Skyro’s market entry in Saudi Arabia and its broader expansion across the region, including regulatory engagement, partnerships, local operations
Money20/20 Middle East, the region’s home for the global money ecosystem, will return to Riyadh from 14–16 September 2026, bringing together regulators, financial institutions, fintech innovators, investors and technology leaders. Hosted by the Financial Sector Development Program (FSDP), Saudi Central Bank (SAMA), Capital Market Authority (CMA) and Insurance Authority (IA), and co-organised by Tahaluf and
Four Points by Sheraton Riyadh – King Abdulaziz Road, owned by ALMARIA Investment Company, has received the 2026 EMEA New Hotel Opening Award at a Marriott International awards ceremony held in London, United Kingdom. Commenting on the achievement, Mr. Waleed Alhmali, CEO of ALMARIA Investment Company, said: “We are incredibly proud to receive this prestigious
The Saudi Central Bank (SAMA) reported that the value of transactions processed through SAMA’s instant money transfer system jumped by 26.1 percent year-on-year to SR7 trillion in June 2026, compared to SR 5.5 trillion in June 2025. The report indicated that total customer payments reached SR1.6 trillion in June 2026, up from SR1.4 trillion in
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