Category: News

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

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

Saudi Arabia expands road network with 246km Rafha-Hail link

Saudi Arabia has announced the opening of the 246-km Rafha-Hail Road, thus expanding the kingdom’s transport network with a new route linking Rafha to Hail through the Hail-Baqaa Road.  A key infrastructure project, it has been designed to strengthen the kingdom’s land transport network by improving connectivity between its northern and central regions through a

Saudi Arabia to host trilateral summit with Turkey, Pakistan in Jeddah

Saudi Arabia will host a trilateral summit in Jeddah on Friday bringing together Crown Prince and Prime Minister Mohammed bin Salman, Turkish President Recep Tayyip Erdoğan and Pakistani Prime Minister Muhammad Shehbaz Sharif. The Turkish presidency announced on Thursday that Erdoğan will make a one-day working visit to Saudi Arabia on Friday, during which he

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