The Capital Market Authority (CMA) of Saudi Arabia has continued to strengthen the regulatory foundations for fintech growth, announcing that a total of 68 fintech experimental permits have been granted by the end of Q2 2025, with 50 fintech companies currently registered under the CMA’s Fintech Lab, 36 of which are actively operational. This progress
MoneyGram, a leading global payments network for consumers, businesses and communities, and D360 Bank have signed a Memorandum of Understanding (MoU). The agreement, signed during Money 20/20 Middle East, underscores the commitment of both organizations to accelerate digital transformation and support Saudi Vision 2030’s financial sector development agenda. The collaboration will focus on enhancing cross-border
The International Code Council (ICC) is continuing its robust program of industry engagement this September, having already participated in two of Saudi Arabia’s leading events; the Building Envelope Design and Insulation Conference (BEDIC) and the MEP International Conference (MEPIC). The month will conclude with ICC’s participation in Intersec Saudi Arabia at the end of September.
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The highly anticipated shortlist of nominees for Athar Awards 2025 has been revealed, setting the stage for the boldest and most dynamic edition of Saudi Arabia’s biggest celebration of creativity and innovation. With 14 new categories added this year, the competition now spans more than 35 awards across Campaign, Team, and Individual segments, spotlighting breakthrough
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, has announced a strategic partnership with the Future Investment Initiative (FII) Institute, the global non-profit foundation dedicated to creating meaningful impact on humanity, to be part of its upcoming conference (FII9). The partnership comes ahead
Tamara, the first homegrown Saudi fintech unicorn, has secured the largest asset-backed facility of its kind in the region of up to $2.4 billion from major financial institutions, including Goldman Sachs, Citi and Apollo funds. This transaction fully refinances and upsizes a prior USD 500 million asset-backed facility arranged by Goldman Sachs. The deal, which
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